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SOLD 3/10/2021
422 E Chestnut Avenue, Santa Ana, CA 92701
9
beds
4
baths
4000
ft2
· 11657
ft2 lot
$1,470,000
$369 / ft2
Listing provided courtesy of Listing Broker: Ramzi Ataya, Engel & Voelkers Newport Beach.
Source CRMLS.
Here’s your opportunity to purchase a new-to-market fourplex in the Pacific Park community of Santa Ana. We call it, “Chestnut Chateau”! It’s a wonderful pride-of-ownership building that oozes with elegance & charm. When looking to purchase a multi-family 4-plex these days, it’s extremely rare to come across one as turnkey & as desirable as this one. The building consists of a favorable unit mix & sits on a massive corner lot approximating nearly 12,000 sq ft. Two units are equipped with 3 bedrooms & 1 bath…and the other two units are equipped with 2 bedrooms & 1 bath. Recently however, one of the 3-bedroom units had a wall removed thereby making for a larger second bedroom instead. Each unit averages out at about 1,000 sq ft; approximating 4,000 sq ft in total. All four units have their own garages with 12 additional spaces on-site with plenty of street parking as well. If that wasn’t enough, for added convenience, & comfort, the building features laundry hookups inside each unit! The residents at Chestnut Chateau also benefit by having their own private open space areas with plenty of zones for entertainment and balconies for the two units situated upstairs. The entire building has been upgraded which includes electrical, cooper plumbing, tankless water heaters, granite countertops, newer appliances, newer bathrooms, tile floors, hardwood flooring, paint in-and-out, extensive professional landscaping, outdoor BBQ area, new fencing, new staircases, and much more.
HOA
$0/month
On market
21 days
Year built
1925
Property type
Multi-Family
Parking
16
MLS
OC21014998
Price / Sq.Ft.
$369 / ft2
Status
Closed
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Property Details
Interior Features & Layout
Appliances
•   
Laundry Details: Inside
•   
Appliances: Tankless Water Heater
•   
Has Appliances
•   
Laundry: 1
Rooms Info
•   
Average3 Bed Area Units: Square Feet
•   
Average Studio Area Units: Square Feet
•   
Average2 Bed Area Units: Square Feet
•   
Average1 Bed Area Units: Square Feet
•   
Average3 Bed Area: 1000
•   
Average2 Bed Area: 1000
Interior Size
•   
Building Area Total: 4000.00
Property, Lot, Community & Exterior Features
Parking Info
•   
Garage Spaces: 4.00
•   
Uncovered Spaces: 12.00
Building Info
•   
Building Area Units: Square Feet
•   
Roof: Tile
•   
Stories Total: 2
•   
Num Stories: Two
•   
Year Built Source: Assessor
Lot Info
•   
Lot Features: 0-1 Unit/Acre, Corner Lot, Garden, Landscaped, Level, Near Public Transit, Park Nearby
•   
Lot Size Source: Assessor
•   
Elevation Units: Feet
•   
Lot Size Acres: 0.2676
•   
Lot Size Area: 11657.0000
•   
Lot Size Units: Square Feet
Community Info
•   
Number Of Buildings: 1
•   
Total Units: 4
Property Features
•   
Property Condition: Turnkey
•   
Common Walls: 1 Common Wall, End Unit
Utilities & Other Information
Utilities
•   
Number Of Separate Electric Meters: 5
•   
Number Of Separate Gas Meters: 4
•   
Number Of Separate Water Meters: 1
Water & Sewer Info
•   
Water Source: Public
•   
Sewer: Public Sewer
Listing Details, Costs & Financing Information
Financial Info
•   
Operating Expense Percent: 29.77
•   
Gross Operating Income: 91200.00
•   
Water Sewer Expense: 2096.00
•   
Other Expense Description: Assess
•   
Supplies Expense: 0.00
•   
Workmans Compensation Expense: 0.00
•   
Other Expense: 980.00
•   
Vacancy Allowance Rate: 0.00
•   
Licenses Expense: 0.00
•   
Maintenance Expense: 2736.00
•   
Pest Control Expense: 0.00
•   
Cap Rate: 4.42
•   
Total Actual Rent: 7150.00
•   
Fuel Expense: 0.00
•   
Trash Expense: 1260.00
•   
Land Lease Amount: 0.00
•   
New Taxes Expense: 15225.00
•   
Insurance Expense: 1700.00
•   
Professional Management Expense: 0.00
•   
Pool Expense: 0.00
•   
Total Expenses: 27153.00
•   
Gross Scheduled Income: 91200.00
•   
Tax Block: C
•   
Maintenance Percent: 3.00
•   
Operating Expense: 27153.00
•   
Gardener Expense: 3000.00
•   
Gross Multiplier: 15.90
•   
Furniture Replacement Expense: 0.00
Tax/Assessment Info
•   
Gross Income: 91200.00
•   
Tax Year: 2020
•   
Taxes: 11264.0
Lease Info
•   
Net Operating Income: 64047.00
Listing Info
•   
Status: Closed
Other
•   
Electric Expense: 156.00
•   
Cable Tv Expense: 0.00
Multi Unit Information
Unit 3 Information
•   
Unit 3 Bedrooms: 2
•   
Unit 3 Actual Rent: 1775.00
•   
Unit 3 Total Units: 1
•   
Unit 3 Furnished Units: Unfurnished
•   
Unit 3 Garage Spaces: 1.00
•   
Unit 3 Bathrooms: 1
•   
Unit 3 Total Rent: 1775.00
Unit 2 Information
•   
Unit 2 Actual Rent: 1800.00
•   
Unit 2 Bedrooms: 3
•   
Unit 2 Total Units: 1
•   
Unit 2 Furnished Units: Unfurnished
•   
Unit 2 Bathrooms: 1
•   
Unit 2 Garage Spaces: 1.00
•   
Unit 2 Total Rent: 1800.00
Unit 1 Information
•   
Unit 1 Bedrooms: 2
•   
Unit 1 Total Units: 1
•   
Unit 1 Furnished Units: Unfurnished
•   
Unit 1 Garage Spaces: 1.00
•   
Unit 1 Bathrooms: 1
•   
Unit 1 Actual Rent: 1825.00
•   
Unit 1 Total Rent: 1825.00
Unit 4 Information
•   
Unit 4 Actual Rent: 1750.00
•   
Unit 4 Total Units: 1
•   
Unit 4 Furnished Units: Unfurnished
•   
Unit 4 Total Rent: 1750.00
•   
Unit 4 Bathrooms: 1
•   
Unit 4 Garage Spaces: 1.00
•   
Unit 4 Bedrooms: 2
Multi Unit Information
•   
# Of Units: 4
•   
Number Of Units Leased: 4
School Neighborhood & Directions
Location
•   
Other Subdivision Name: Pacific Park
•   
Subdivision: Other (OTHR)
•   
Community Features: Curbs, Gutters, Sidewalks, Storm Drains
School Info
•   
Directions: Cross Streets: South Chestnut Avenue / West Oak Street
Virtual Tour Link
Virtual Tour
•   
Virtual Tour Url Branded
Other
Calculation
•   
Dom: 27
•   
Cdom: 27
The information contained in this listing has not been verified by Flyhomes and should be verified by the buyer.

Data last updated: Apr 17, 2021 12:35pm
Neighborhood snapshot
39
Properties for sale
9
Median days on market
$391.95
Median sold price/sqft
105.40%
Sold/List %
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Property History
03/10/2021
03/10/2021
CRMLS #OC21014998
sold
CRMLS #OC21014998
$1,475,000
+0.34%
03/09/2021
03/09/2021
Public Record
sold
Public Record
$1,470,000
--0.34%
02/24/2021
02/24/2021
CRMLS #OC21014998
pending
CRMLS #OC21014998
$1,475,000
02/16/2021
02/16/2021
CRMLS #OC21014998
active
CRMLS #OC21014998
$1,475,000
+1.72%
01/25/2021
01/25/2021
CRMLS #OC21014998
active
CRMLS #OC21014998
$1,450,000
+82.97%
See more property history
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