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331 337 E Chestnut Drive, Santa Ana, CA 92701

Property Details

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331 337 E Chestnut Drive
Santa Ana, CA 92701

For Sale: $5,390,000

Property Type: Commercial Apartments
MLS#: TR17172015

  • Building Size: 13742 SF
  • Lot Size: 19713 SF
  • Number of Units: 22
  • Year Built: 1986
  • Days on market: 366
  • Cap Rate: 4.45
  • Net Operating Income: $240,070
  • Rent Control: No
  • Contact Listing Agent Direct:
  • Sheng Wang, Century 21 Care


Property Description

Three buildings, 22 units. Three buildings, 22 units. Three buildings, 22 units. Three buildings, 22 units. Three buildings, 22 units. Three buildings, 22 units. Three buildings, 22 units. Three buildings, 22 units. Three buildings, 22 units. The Property is Located in High Rental Demand and High Employment Area of Santa Ana. Built In 1985. Total of 4 Buildings for 22 Units and 34 Parking Spaces. Each Unit Has It's Own Water Heater.There are 14 Units are One Bedroom with One Bath (Current Monthly Rent $ 1,075, Market Rent $ 1,275). Another 8 Units are Two Bedrooms with TWO Baths (Current Monthly Rent $ 1,400 , Market Rent $ 1,675). Total Monthly Gross Rent is $ 26,275 . Annual Gross Income is $ 315,300 Plus Annual Laundry Income $ 5,100, Annual Expense Approx. $ 79,000, Annual Net Income $ 241,400. No Rent Control. Annual Gross Pro Forma Rent Approx. $ 370,800. Near BY Main St and Chestnut Dr. Walking Distance to Downtown of Santa Ana, Freeway 5, McDonald, Shopping Center and Bus Stations.Near BY Main St and Chestnut Dr. Walking Distance to Downtown of Santa Ana, Freeway 5, McDonald, Shopping Center and Bus Stations.Near BY Main St and Chestnut Dr. Walking Distance to Downtown Near BY Main St and Chestnut Dr. Walking Distance to Downtown of Santa Ana, Freeway 5, McDonald, Shopping Center and Bus Stations.


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331 337 E Chestnut Drive, Santa Ana, CA 92701

Based on information from California Regional Multiple Listing Service, Inc. as of December 11, 2017. 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, 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.

Listing provided by: Sheng Wang, Century 21 Care

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