709 E Chestnut Avenue

Santa Ana, CA 92701

  • 0 Bed(s)
  • 0 Bath(s)
  • 7,032 Sqft
  • 6848
    Sqft(Lot)
$3,550,000

Description

The chestnut apartments is a turnkey, 12-unit apartment building located in the heart of santa ana. built in 1983 and just minutes away from the historic downtown district, this property represents one of the most attractive multifamily investment opportunities in the county. it boasts a compelling 6.2% cap rate based on current rental income. further enhancing the investment potential, buyers have the option to assume the existing financing, which requires only a 30% down payment and features a below-market fixed interest rate that remains in effect through november 2029. this advantageous financing presents a rare opportunity to take advantage of positive leverage, dramatically increasing the cash-on-cash return.



the chestnut apartments redefines urban living with spacious studio apartment, each generously proportioned to function as complete one-bedroom units. enhancing the living experience, every unit is equipped with its own washer and dryer, offering tenants the convenience of in-home laundry facilities. recent extensive interior renovations elevate the property to new heights, featuring luxurious materials, contemporary kitchens, stainless steel appliances, vinyl/plank flooring, upgraded bathrooms, and a range of other enhancements. the exterior of the property has undergone a fresh transformation with new paint and state-of-theart exterior lighting, adding to the overall appeal.



previously, ownership had received full approval for the addition of three accessory dwelling units (adus). these adu's, once constructed, add a projected 29.7% increase in gross income.

  • Property Type

    Residential Income

  • County

    Orange

  • Style

    Residential Income

  • AD ID

    49834739

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Property Details

  • Water/Sewer

    • Water Source : Public
    • Sewer : Public Sewer

  • Building Information

    • Year Built: 1983
    • Building Area Total: 7,032

    Pool Features

    • None

    Laundry Features

    • See Remarks

  • Lot Details

    • Lot Dimensions Source: Vendor Enhanced
    • Lot Size Acres: 0.1572
    • Lot Size Source: Assessor
    • Lot Size Square Feet: 6848

  • Listing Price Information

    • Original List Price: 3,550,000
    • Listing Contract Date: 2025-04-21

    Lease Information

    • Listing Agreement: Exclusive Right To Sell

  • Tax Information

    • Parcel Number: 40407212

  • Garage and Parking

    Homeowners Association

    Rental Info

    • Lease Term: Negotiable

  • Other Property Info

    • Source Listing Status: Active
    • Source Neighborhood: 69 - Santa Ana South of First
    • Directions: South of 1st Street and East of Main Street
    • Zoning: R3
    • Source Property Type: Residential Income
    • Area: 69 - Santa Ana South of First
    • Property SubType: Apartment

    Building and Construction

    • Property Age: 42
    • Common Walls: No Common Walls
    • Structure Type: Apartment
    • Year Built Source: Assessor
    • Entry Level: 1
    • Entry Location: Street
    • Levels or Stories: Two
    • Building Total Stories: 2
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BuyOwner last updated this listing 06/09/2025 @ 06:08

  • MLS: PW25111635
  • LISTING PROVIDED COURTESY OF: ,
  • SOURCE: CRMLS

is a Home, with 0 bedrooms which is for sale, it has 7,032 sqft, 6,848 sized lot, and 12 parking. are nearby neighborhoods.