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
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Features
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Building Information
Year Built: 1983Building Area Total: 7032Stories: 2Pool Features: NonePrivate Pool: No
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Lot Information
Main Square Feet: 6848 Lot Size Acres: 0.1572 Lot Size Source: Assessor Lot Size Square Feet: 6,848Property Information
Subdivision: Other Source Property Type: Residential Income Property SubType: Apartment Levels: Two Property Age: 43
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Listing Price Information
Listing Price: $3550000Cash to Existing Loan
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Tax Information
Parcel Number: 40407212 Tax Lot: 10 Tax Block: B
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Parking Information
Parking Total: 12Garage Information
Has Garage: Yes Garage Space: 12
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Location Information
Direction: South of 1st Street and East of Main Street WaterSource: Public
How much is this property worth?
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Nearby Home Value
| Address | Estimate | Bed | Bath | Sq. Ft | Lot Size |
|---|---|---|---|---|---|
| 1345 Cabrillo Park #H04, Santa Ana, CA, 92701 | $359,000 | 1 | 1 | 696 | 696 SqFt |
| 1345 Cabrillo Park, Santa Ana, CA, 92701 | $369,999 | 1 | 1 | 600 | 600 SqFt |
| 1345 Cabrillo Park #F05, Santa Ana, CA, 92701 | $499,000 | 2 | 2 | 984 | 984 SqFt |
| 1330 Cabrillo Park #F, Santa Ana, CA, 92701 | $499,900 | 2 | 2 | 974 | 974 SqFt |
| 1062 A Cabrillo Park #D, Santa Ana, CA, 92701 | $399,000 | 1 | 1 | 675 | 675 SqFt |
| 1466 Cabrillo Park #C, Santa Ana, CA, 92701 | $339,999 | 1 | 1 | 468 | 468 SqFt |
| 1090 Cabrillo Park, Santa Ana, CA, 92701 | $494,900 | 2 | 2 | 1,007 | 1,007 SqFt |
| 521 S Lyon #11, Santa Ana, CA, 92701 | $385,000 | 2 | 2 | 980 | 980 SqFt |
| 521 S Lyon #85, Santa Ana, CA, 92701 | $465,000 | 2 | 2 | 980 | 980 SqFt |
| 521 S Lyon #49, Santa Ana, CA, 92701 | $499,500 | 2 | 2 | 1,000 | 1,000 SqFt |
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ByOwner last updated this listing 07/24/2026 @ 21:45
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