Closed
629 E Chestnut Avenue
Santa Ana CA, 92701
$1,840,000
$355.62 per sqft
Closed
5,174 sqft
Condo
Built in 1980
Listed by Jason Kirklen with Kirklen Investment Group 949-942-1300
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.
OC24045146
MLSⓇ ID
March 5, 2024
Listed
May 9, 2024
Updated
Map
629 E Chestnut Avenue
Santa Ana CA, 92701
Interior Features
Total Stories
2
Laundry Description
Common Area, Inside
Fireplace
No
Cooling
No
Heating
No
Exterior/Building Features
Lot Size
0.15 Acres
Lot Features
6-10 Units/Acre
Sewer
Public Sewer
Other Property Details
Area Name
699 - Not Defined
Days on Market
45
Garage
Yes
Garage Spaces
6
Parking Total
6
View
No
County
Orange
Water Source
Public
Pool
No
Pool Features
None
Zoning
R3H
Buyer Agency Compensation
2%
Listing History
Date | Event | Price |
|---|---|---|
5/9/2024 | Sold | $1,840,000 |
4/22/2024 | Pending | — |
Listing Contact: 949-942-1300
Based on information from the California Regional Multiple Listing Service (CRMLS) as of 5/9/2024. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, the Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent. Property locations as displayed on any map are best approximations only and exact locations should be independently verified. Any offer of compensation is made only to participants of the MLS where the listing is filed.
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Data last updated on 5/9/2024 at 9:13 PM UTC