Orange, Residential Income – 331 E Chestnut Ave, Santa Ana, CA 92701, USA -001-11-30T00:00:00-08:00
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
331 E Chestnut Ave, Santa Ana, CA 92701, USA
$5,050,000 USD
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Address331 East Chestnut Drive, Santa Ana
Price$5,050,000
Price Changed6.3% (-$340,000, 30 days ago)
Year Built1986
Bedrooms Total0
Living Area13,742 ft2
Lot Size (Sq.Ft.)19,713
Listing IDTR17172015
StatusActive
Parcel Number40409417
Special ConditionsStandard
Days on Market93

Detailed 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.

Laundry
Parking
Pool Private
Rent Control
Senior Community
Property Attached
Land Lease

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Address Information
Address331 East Chestnut Drive, Santa Ana
Street PrefixEast
Street SuffixDrive
Subdivision NameOther (OTHR)
CitySanta Ana
Location (MLS Area)69 – Santa Ana South of First
County Or ParishOrange
State or ProvinceCA
Postal Code92701
Postal Code Plus49270
CountryUS
Financial Information
Price Changed-6.308%
Previous Price$5,390,000
Price per Square Foot$367.49
Price per Lot Square Foot$256.18
Special ConditionsStandard
Total Expenses$78,890
Professional Management Expense$6,600
Operating Expense$78,890
Insurance Expense$3,798
Gardner Expense$2,900
Electric Expense$2,221
Water Sewer Expense$12,009
Trash Expense$7,092
Fuel Expense$477
Gross Income$318,960
Gross Scheduled Income$313,860
Net Operating Income$234,970
Laundry Income$5,100
Tax Year2000
Tax Lot10
New Taxes Expense$43,253
Full Descriptions
Parcel Number40409417
Detailed DescriptionThree 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.
Lot Features21-25 Units / Acre
Community FeaturesUrban
Water SourcePublic
Laundry FeaturesGas and Electric Dryer Hookup, Individual Room
Parking FeaturesUnassigned
Pool FeaturesNone
Property parameters
Year Built1986
Living Area (Sq.Ft.)13,742 ft2
Lot Size (Sq.Ft.)19,713
Lot Size SourceAssessor
Number of Buildings3
Number of Units Total22
Parking Spaces36
Uncovered Spaces34
LevelsThree Or More
Carport Spaces2
Water SourcePublic
Units Total22
Year Built SourceAssessor
Number of Separate Electric Meters23
Number of Separate Gas Meters23
Number of Separate Water Meters1
Cap Rate (For Cash Payment Only)4.65
Listed withSheng Wang (Century 21 Care)