Property Details
About this Property
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 und
MLS Listing Information
MLS #
CRPW25111635
MLS Source
California Regional MLS
Days on Site
33
Parking, School, and Other Information
Garage/Parking
Garage: 12 Car(s)
HOA Fee
$0
Contact Information
Listing Agent
Rick Applebaum
Morgan Skenderian
License #: 01273871
Phone: –
Co-Listing Agent
Paul Espinosa
License #: 01942627
Phone: –
Unit Information
| # Buildings | # Leased Units | # Total Units |
|---|---|---|
| 1 | – | – |
Neighborhood: Around This Home
Neighborhood: Local Demographics
Nearby Homes for Sale
709 E Chestnut Ave is a Residential Income in Santa Ana, CA 92701. This – square foot property sits on a 6,848 Sq Ft Lot and features – bedrooms & – full bathrooms. It is currently priced at $3,550,000 and was built in 1983. This address can also be written as 709 E Chestnut Ave, Santa Ana, CA 92701.
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This listing information is up-to-date as of May 19, 2025. For the most current information, please contact Rick Applebaum
