331 337 E CHESTNUT DRIVE, SANTA ANA CA 92701

  • 13,742 sq.ft.
  • 19,713 sq.ft. lot
offered at $5,390,000
MLS#:TR17172015
Status: Active // Property Type:
Project/Tract: Chestnut // County: Orange // Year Built: 1986

Property Description

City of Santa Ana. Built in Year 1985. Gated Community for 22 Units in Four Connected buildings, 22 units with Gated 34 Parking Spaces. The Property is Located in High Rental Demand and High Employment Area of Santa Ana. No Rent Control. Each Unit Has It's Own Water Heater. The 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 $26,155. (Annual Pro Forma Gross Rent # 370,800) Annual Gross Income is $313,860 Plus Annual Laundry Income $5,100, Annual Expense Approx. $78,889, Annual Net Income $240,070. Near BY Main St and Chestnut Dr. Walking Distance to Downtown Santa Ana, Freeway 5, McDonald's, Shopping Center and Bus Stations.

Listing Courtesy of Sheng Wang, Century 21 Care

Exterior Features

Exterior Features: Urban
FOR MORE INFORMATION, PLEASE CONTACT AGENT:
  • raj qsar
    Principal | Owner |
    CalBRE# 01744847
    • cell 714.412.5019
    • office 949.612.2535
    email Raj

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