$1,840,000
$1,995,000
7.8%For more information regarding the value of a property, please contact us for a free consultation.
6,534 Sqft Lot
SOLD DATE : 05/08/2024
Key Details
Sold Price $1,840,000
Property Type Condo
Sub Type Apartment
Listing Status Sold
Purchase Type For Sale
MLS Listing ID OC24045146
Sold Date 05/08/24
HOA Y/N No
Year Built 1980
Lot Size 6,534 Sqft
Property Description
629 East Chestnut Ave is a 6-unit multifamily investment property located in Santa Ana, California. Constructed in 1980, 629 East Chestnut Avenue consists of one- and two-bedroom townhome style floorplans and includes amenities such as on-site laundry, gated tuck-under parking, and private balconies or patios. What sets this property apart is the proactive approach of the current owner, who has significantly renovated four of the six units, spending over $85,000 on interior capital improvements. Such renovations include upgraded kitchens, upgraded bathrooms, hardwood flooring, recessed lighting, and stainless steel appliances. The property is separately metered for gas and electricity, with the opportunity to add RUBS to minimize expense costs. With rental upside and a proven history of delivering strong cash flow, this property is a compelling addition to any investor.
Location
State CA
County Orange
Area 699 - Not Defined
Zoning R3H
Interior
Fireplace No
Laundry Common Area, Inside
Exterior
Garage Spaces 6.0
Garage Description 6.0
Pool None
Community Features Curbs, Gutter(s), Sidewalks
Total Parking Spaces 6
Private Pool No
Building
Lot Description 6-10 Units/Acre
Story 2
Entry Level Two
Sewer Public Sewer
Water Public
Level or Stories Two
New Construction No
Others
Senior Community No
Tax ID 40407515
Energy Description 2315.0
Acceptable Financing Cash, Cash to New Loan, 1031 Exchange
Listing Terms Cash, Cash to New Loan, 1031 Exchange
Financing Cash
Special Listing Condition Standard
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Michelle Esquivel
michelle@michellehomesellingteam.comOur team is ready to help you sell your home for the highest possible price ASAP
Bought with Ann Diep • Trojan Financial Solutions
michelle@michellehomesellingteam.com
515 S Myrtle Ave, Monrovia, CA, 91016, USA