629 East Chestnut Avenue

Santa Ana, CA 92701

$1,995,000
Price
3
Beds
9
Baths
5,174 Sq. Ft.
$386 / Sq. Ft.
5,174
Sq. Ft.
$386
per Sq. Ft.

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....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.
  1. Listed by Jason Kirklen • DRE #01939655 • Brokerage DRE #02128238 • Kirklen Investment Group • 949-942-1302

Property Details for 629 East Chestnut Avenue

Parking Spaces Total
6
Private Pool
No
Total Units
6.0
Building Type
Attached
Lot Size Source
Assessor
Living Area
5174
Assessor Parcel Number
404-075-15
Property Attached YN
true

Location

Listing Courtesy of Kirklen Investment Group, Jason Kirklen, DRE #01939655
Add your commute
LISTING UPDATED: 04/22/2024 03:29 AM

Property Details for 629 East Chestnut Avenue

StatusPending
MLS #OC24045146
Days on Market45
Taxes-
HOA Fees-
Condo/Co-op Fees-
Compass TypeMulti Family
MLS TypeResidential Income
Year Built1980
CountyOrange County

Location

Listing Courtesy of Kirklen Investment Group, Jason Kirklen, DRE #01939655
Add your commute

Building Information for 629 East Chestnut Avenue

Building/Complex629 E Chestnut AveFloor-Stories2Residences-Pet Policy-Year Built1980Building Size-

Payment Calculator

$12,693 per month

30 year fixed, 7.25% Interest

Principal and Interest

$10,888

Property Taxes

$1,805

HOA Dues

$0

The Payment Calculator is for illustrative purposes only.

Property Information for 629 East Chestnut Avenue

Income / Expense / Tax Details
Income Details
  • Gross Income: $155,184
  • Gross Scheduled Income: $158,004
  • Net Operating Income: $107,962
Expense Details
  • Operating Expense: $47,222
  • Fuel Expense: $2,315
  • Electric Expense: $2,691
  • Insurance Expense: $3,569
  • Professional Management Expense: $6,327
  • Trash Expense: $1,249
  • Water Sewer Expense: $1,246
  • Total Expenses: $47,222
Tax / Assessment Info
  • Tax Block: C
  • Tax Tract Number: 312
  • Tax Census Tract: 746.02
  • CFD/Mello-Roos Fee: $1,545
  • Tax Lot: 14
Community / Development
Community / Development
  • Community Features: Curbs, Gutters, Sidewalks
Property / Structure Info
Interior Features
  • Laundry: Yes
  • Laundry Features: Community, Inside
Exterior Features
  • Entry Location: Eastside
  • Pool Features: None
  • Pool Description: None
  • Pool: N/K
Land/Lot Info
  • Lot Features: 6-10 Units/Acre
  • Number Of Units: 6
  • Land Lease: No
  • Land Lease Type: Fee
  • Levels: Two
  • Water: Public
  • Sewer: Public Sewer
  • Water Source: Public
Parking Info
  • Garage Spaces: 6
  • Parking Garage Spaces: 6
  • Carport Spaces: 0
Unit Information
Unit 1
  • Unit Type Units Total: 3
  • Unit Type Beds Total: 2
  • Unit Type Baths Total: 2
  • Unit Type Furnished: Unfurnished
  • Unit Type Garage Spaces: 3
  • Unit Type Garage Attached: No
  • Unit Type Actual Rent: $2,700
  • Unit Type Total Rent: $8,100
  • Unit Type Pro Forma: 2781
  • Unit Type Type: 1
Unit 2
  • Unit Type Units Total: 3
  • Unit Type Beds Total: 1
  • Unit Type Baths Total: 1
  • Unit Type Furnished: Unfurnished
  • Unit Type Garage Spaces: 3
  • Unit Type Garage Attached: No
  • Unit Type Actual Rent: $1,689
  • Unit Type Total Rent: $5,067
  • Unit Type Pro Forma: 1740
  • Unit Type Type: 2
Unit Information
  • Rent Controlled: Yes
  • Number Of Buildings: 1
  • Number Of Separate Electric Meters: 6
  • Number Of Separate Gas Meters: 6
  • Number Of Separate Water Meters: 1

Property History for 629 East Chestnut Avenue

DateEvent & SourcePriceAppreciation
DateEvent & SourcePrice

For completeness, Compass often displays two records for one sale: the MLS record and the public record.

Public Records for 629 East Chestnut Avenue

Taxable ValueLand$1,456,560Additions$358,938Total$1,815,498
Tax Record2023$21,660 ($1,805 / month)
Home Facts
Total Finished SqFt5,174 SqFtAbove Grade Finished SqFt5,174 SqFtStories2Lot Size6,195 SqFtStyleMulti-Family Res (5+ Units)Year Built1924CountyORANGEAPN404-075-15

Schools near 629 East Chestnut Avenue

This home is within Santa Ana Unified School District.
Rating
School
Type
Grades
Distance
Public - K to 5
Public - 6 to 8
Public - 9 to 12
Public - K to 5
Rating
School
Distance
Theodore Roosevelt Elementary School
PublicK to 5

Sierra Preparatory Academy
Public6 to 8

Century High School
Public9 to 12

Walker Elementary School
PublicK to 5

School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.

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No guarantee, warranty or representation of any kind is made regarding the completeness or accuracy of descriptions or measurements (including square footage measurements and property condition), such should be independently verified, and Compass expressly disclaims any liability in connection therewith. Photos may be virtually staged or digitally enhanced and may not reflect actual property conditions. No financial or legal advice provided. Equal Housing Opportunity.

Listing Courtesy of Kirklen Investment Group, Jason Kirklen, DRE #01939655

Based on information from one of the following Multiple Listing Services: CRMLS, CLAW, I-Tech, ROWMLS, GPSMLS, SDMLS, VCRDS/PFAR, Idyllwild Association of Realtors, Ojai Valley Board of REALTORS and/or AVMLS. Information being provided is for the visitor’s personal, noncommercial use and may not be used for any purpose other than to identify prospective properties visitor may be interested in purchasing. The data contained herein is copyrighted by CRMLS, CLAW, I-Tech, ROWMLS, GPSMLS, SDMLS, VCRDS/PFAR, Idyllwild Association of Realtors, Ojai Valley Board of REALTORS and/or AVMLS is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited. Property information referenced on this web site comes from the Internet Data Exchange (IDX) program of the MLS. This web site may reference real estate listing(s) held by a brokerage firm other than the broker and/or agent who owns this web site. For the avoidance of doubt, the accuracy of all information, regardless of source, is deemed reliable but not guaranteed and should be personally verified through personal inspection by and/or with the appropriate professionals.