709 E Chestnut Avenue
Santa Ana, CA 92701
0
Bed
0
Bath
7,032Sqft
6,848Sqft(Lot)
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 apar
Property Details
Map
Map
What's Nearby
Nearby Areas
Features
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Water/Sewer
Water Source: Public Sewer: Public Sewer
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Building Information
Year Built: 1983 Building Area Total: 7,032 -
Pool Features
NoneLaundry Features
See Remarks
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Lot Details
Lot Dimensions Source: Vendor Enhanced Lot Size Acres: 0.1572 -
Lot Size Source: Assessor Lot Size Square Feet: 6848
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Listing Price Information
Original List Price: 3,550,000 Listing Contract Date: 2025-04-21 -
Lease Information
Listing Agreement: Exclusive Right To Sell
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Tax Information
Parcel Number: 40407212
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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: 43 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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Nearby Home Value
| Address | Estimate | Bed | Bath | Sq. Ft | Lot Size |
|---|---|---|---|---|---|
| 1345 Cabrillo Park Driv.., Santa Ana, CA, 92701 | $370,000 | 1 | 1 | 696 | 696 SqFt |
| 1466 Cabrillo Park #C, Santa Ana, CA, 92701 | $366,000 | 1 | 1 | 468 | 468 SqFt |
| 450 E 4th #416, Santa Ana, CA, 92701 | $448,000 | 2 | 2 | 815 | 815 SqFt |
| 450 E 4th Street #423, Santa Ana, CA, 92701 | $329,900 | 1 | 1 | 672 | 672 SqFt |
| 450 E 4th #103, Santa Ana, CA, 92701 | $410,000 | 2 | 2 | 808 | 808 SqFt |
| 600 W 3rd Street #A115, Santa Ana, CA, 92701 | $350,000 | 2 | 1 | 864 | 864 SqFt |
| 600 W 3rd Street #B205, Santa Ana, CA, 92701 | $280,000 | 1 | 1 | 754 | 754 SqFt |
| 700 W 3rd #314, Santa Ana, CA, 92701 | $380,000 | 2 | 2 | 864 | 864 SqFt |
| 315 S Garnsey St, Santa Ana, CA, 92701 | $1,750,000 | -- | -- | 3,656 | 3,656 SqFt |
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ByOwner last updated this listing 06/09/2026 @ 17:42
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