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PENDING
629 E Chestnut Avenue, Santa Ana, CA 92701
9
beds
6
baths
5174
ft2
· 6534
ft2 lot
$1,775,000
$343 / ft2
Listing provided courtesy of Shelly Kay Hilliard, Coldwell Banker Res Brokerage.
Source CRMLS.
Six-unit multifamily townhome style apartment complex, in Santa Ana. This complex has low turnover and produces immediate cash flow with market rents, perfect for new investors. Featuring 3 spacious 2-bed / 1.5 bath units, and 3, 1-bed / 1 bath unit. On-site laundry facility, and Tuck-under gated parking. Walking distance to recently renovated Santa Ana Historic District, featuring restaurants, entertainment, shopping, easy access to public transit and schools. Visible corner lot on Chestnut Ave., close proximity to the 5 & 55 freeways, employment, area shopping malls, and just a few miles to the City of Tustin, makes this an ideal location for renters. This is an opportunity you won't want to miss.
HOA
$0/month
On market
3 months
Year built
1980
Property type
Condo
Parking
10
MLS
OC21012679
Price / Sq.Ft.
$343 / ft2
Status
Pending
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Property Details
Interior Features & Layout
Appliances
•   
Laundry Details: Community, Individual Room
•   
Appliances: Gas & Electric Range, High Efficiency 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
•   
Average2 Bed Area: 975
•   
Average1 Bed Area: 750
Interior Features
•   
Interior Features: Balcony, Ceiling Fan(s)
Flooring
•   
Flooring: Carpet, Laminate, Tile
Interior Size
•   
Building Area Total: 5174.00
Property, Lot, Community & Exterior Features
Parking Info
•   
Parking Available: 1
•   
Parking Features: Attached Carport, Covered, Concrete, Garage Faces Front, Gated, On Site
•   
Garage Spaces: 0.00
•   
Carport Spaces: 10.00
Community Info
•   
Road Frontage Type: City Street
•   
Road Surface Type: Paved
•   
Number Of Buildings: 1
•   
Total Units: 6
Property Features
•   
View: Neighborhood
•   
Fencing: Wrought Iron
•   
Property Condition: Turnkey
•   
Common Walls: 2+ Common Walls
Building Info
•   
Building Area Units: Square Feet
•   
Zoning: R3H
•   
Roof: Asphalt
•   
Foundation Details: Combination
•   
Stories Total: 2
•   
Num Stories: Two
•   
Year Built Source: Assessor
•   
Construction Materials: Steel, Stucco, Unknown, Wood Siding
Lot Info
•   
Lot Features: 0-1 Unit/Acre
•   
Lot Size Source: Assessor
•   
Elevation Units: Feet
•   
Lot Size Acres: 0.1500
•   
Lot Size Area: 6534.0000
•   
Lot Size Units: Square Feet
Property Type
•   
Architectural Style: Traditional
•   
Common Interest: Community Apartment
Utilities & Other Information
Utilities
•   
Number Of Separate Electric Meters: 7
•   
Utilities: Cable Available, Electricity Connected, Natural Gas Connected, Phone Available, Sewer Connected, Water Connected
•   
Number Of Separate Gas Meters: 6
•   
Number Of Separate Water Meters: 1
Water & Sewer Info
•   
Water Source: Public
•   
Sewer: Public Sewer
Assesments Information
•   
Assessments: Unknown
Listing Details, Costs & Financing Information
Financial Info
•   
Gross Operating Income: 112268.00
•   
Water Sewer Expense: 2100.00
•   
Laundry Income: 1920.00
•   
Vacancy Allowance Rate: 3.00
•   
Maintenance Expense: 3000.00
•   
Cap Rate: 4.00
•   
Laundry Equipment Own Lease: Own
•   
Total Actual Rent: 9695.00
•   
Fuel Expense: 1066.00
•   
Trash Expense: 1700.00
•   
New Taxes Expense: 19000.00
•   
Insurance Expense: 1880.00
•   
Vacancy Allowance: 3472
•   
Professional Management Expense: 0.00
•   
Total Expenses: 36209.00
•   
Gross Scheduled Income: 116340.00
•   
Tax Block: C
•   
Operating Expense: 30509.00
•   
Gardener Expense: 1200.00
•   
Gross Multiplier: 15.68
•   
Rent Control Yn: 1
Tax/Assessment Info
•   
Gross Income: 1920.00
•   
Tax Year: 2020
•   
Taxes: 13744.0
Lease Info
•   
Net Operating Income: 81759.00
Listing Info
•   
Status: Pending
Other
•   
Electric Expense: 563.00
Multi Unit Information
Unit 3 Information
•   
Unit 3 Bedrooms: 1
•   
Unit 3 Actual Rent: 1435.00
•   
Unit 3 Total Units: 1
•   
Unit 3 Furnished Units: Unfurnished
•   
Unit 3 Garage Spaces: 1.00
•   
Unit 3 Bathrooms: 1
•   
Unit 3 Total Rent: 1435.00
Unit 2 Information
•   
Unit 2 Actual Rent: 1435.00
•   
Unit 2 Bedrooms: 1
•   
Unit 2 Total Units: 1
•   
Unit 2 Furnished Units: Unfurnished
•   
Unit 2 Bathrooms: 1
•   
Unit 2 Garage Spaces: 1.00
•   
Unit 2 Total Rent: 1435.00
Unit 1 Information
•   
Unit 1 Bedrooms: 1
•   
Unit 1 Total Units: 1
•   
Unit 1 Furnished Units: Unfurnished
•   
Unit 1 Garage Spaces: 2.00
•   
Unit 1 Bathrooms: 1
•   
Unit 1 Actual Rent: 1550.00
•   
Unit 1 Total Rent: 1550.00
Unit 4 Information
•   
Unit 4 Actual Rent: 1785.00
•   
Unit 4 Total Units: 1
•   
Unit 4 Furnished Units: Unfurnished
•   
Unit 4 Total Rent: 1785.00
•   
Unit 4 Bathrooms: 1
•   
Unit 4 Garage Spaces: 2.00
•   
Unit 4 Bedrooms: 2
Unit 5 Information
•   
Unit 5 Actual Rent: 1690.00
•   
Unit 5 Total Units: 1
•   
Unit 5 Furnished Units: Unfurnished
•   
Unit 5 Total Rent: 1690.00
•   
Unit 5 Garage Spaces: 2.00
•   
Unit 5 Bathrooms: 1
•   
Unit 5 Bedrooms: 2
Multi Unit Information
•   
# Of Units: 6
•   
Number Of Units Leased: 6
•   
Price Per Unit: 304166
Unit 6 Information
•   
Unit 6 Actual Rent: 1800.00
•   
Unit 6 Total Units: 1
•   
Unit 6 Total Rent: 1750.00
•   
Unit 6 Furnished Units: Unfurnished
•   
Unit 6 Bedrooms: 2
•   
Unit 6 Garage Spaces: 2.00
•   
Unit 6 Bathrooms: 1
School Neighborhood & Directions
Location
•   
Other Subdivision Name: other
•   
Subdivision: Other (OTHR)
•   
Community Features: Curbs, Gutters, Sidewalks, Street Lights
School Info
•   
Directions: Corner of Chestnut and Halladay
Other
Calculation
•   
Dom: 37
•   
Cdom: 37
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 2:34pm
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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walk score® :
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Property History
02/26/2021
02/26/2021
CRMLS #OC21012679
pending
CRMLS #OC21012679
$1,775,000
02/15/2021
02/15/2021
CRMLS #OC21012679
active
CRMLS #OC21012679
$1,775,000
--2.74%
01/20/2021
01/20/2021
CRMLS #OC21012679
active
CRMLS #OC21012679
$1,825,000
+101.66%
09/05/2007
09/05/2007
Public Record
sold
Public Record
$905,000
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