Santa Ana, CA 92701,629 E Chestnut Avenue

$1,840,000

Est. payment /mo

$1,995,000

7.8%
Est.Price: ?

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629 E Chestnut Avenue Santa Ana, CA 92701

3 Beds

3 Baths

6,534 Sqft Lot

SOLD DATE : 05/08/2024

Key Details

Sold Price $1,840,000

Property Type Multi-Family

Sub Type Res Income 2-4 Units

Listing Status Sold

Purchase Type For Sale

MLS Listing ID OC24045146

Bedrooms 3

Lot Size 6,534 Sqft

Property Description

629 East Chestnut Ave is a 6-unit multifamily investment property located in Santa Ana, California. Constructed in 1980, 629 East Chestnut Avenue consists of one- and two-bedroom townhome style floorplans and includes amenities such as on-site laundry, gated tuck-under parking, and private balconies or patios. What sets this property apart is the proactive approach of the current owner, who has significantly renovated four of the six units, spending over $85,000 on interior capital improvements. Such renovations include upgraded kitchens, upgraded bathrooms, hardwood flooring, recessed lighting, and stainless steel appliances. The property is separately metered for gas and electricity, with the opportunity to add RUBS to minimize expense costs. With rental upside and a proven history of delivering strong cash flow, this property is a compelling addition to any investor.
629 East Chestnut Ave is a 6-unit multifamily investment property located in Santa Ana, California. Constructed in 1980, 629 East Chestnut Avenue consists of one- and two-bedroom townhome style floorplans and includes amenities such as on-site laundry, gated tuck-under parking, and private balconies or patios. What sets this property apart is the proactive approach of the current owner, who has significantly renovated four of the six units, spending over $85,000 on interior capital improvements. Such renovations include upgraded kitchens, upgraded bathrooms, hardwood flooring, recessed lighting, and stainless steel appliances. The property is separately metered for gas and electricity, with the opportunity to add RUBS to minimize expense costs. With rental upside and a proven history of delivering strong cash flow, this property is a compelling addition to any investor.

Location

State CA

County Orange

Area Oc - Santa Ana (92701)

Zoning Assessor

Building

Lot Description Curbs, Sidewalks

Story 2

Others

Monthly Total Fees $128

Acceptable Financing Cash, Exchange

Space Rent $2,700

Listing Terms Cash, Exchange

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San Diego Regional MLS (SDMLS)
Listed by Jason Kirklen • Kirklen Investment Group
Bought with Ann Diep • Trojan Financial Solutions

Glen Henderson

Broker Associate | License ID: 01384181

+1(619) 500-3222

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