$3,550,000
709 E Chestnut Avenue, Santa Ana CA 92701
Multi-Family (12 Units)
Property type
393 days
On market
$505
Price per sqft
12 cars
Garage
1983
Year built
6,848 sqft
Lot size
Open Houses
Overview
The Chestnut Apartments is a turnkey, 12-unit apartment building located in the heart of Santa Ana. Built in 1983 and just minutes away from the historic Downtown District, this property represents one of the most attractive multifamily investment opportunities in the county. It boasts a compelling 6.2% CAP Rate based on current rental income. Further enhancing the investment...
Listing provided by: Rick Applebaum DRE #01273871, Morgan Skenderian, Paul Espinosa DRE #01942627, Morgan Skenderian
Listing updated: May 19, 2026 at 04:55pm.
Last checked: Jun 13, 2026 at 08:30pm
Source: CRMLS #PW25111635
Multi-family Analysis
Unit Information
| Units | Beds | Baths | Garage | Actual Rent | Total Rent | Pro Forma | Furnished? |
|---|---|---|---|---|---|---|---|
| 12 | 0 | 1 | 1 | $2,039 | $24,471 | $2,125 | Unfurnished |
# of Buildings: 1
# of Units Total: 12
Separate Electric Meters: 12
Separate Gas Meters: 12
Separate Water Meters: 1
Rent Control: Yes
Financial Snapshot
Gross Rent Multiplier
11.6x
List Price / Annual Gross Rent
Cap Rate
6.22%
NOI / List Price
Gross Scheduled Income: $305,652
Vacancy Allowance: $9,169
Vacancy Allowance Rate: 3%
Operating Expense: $75,523
Net Operating Income: $220,959
Annual Operating Expenses
Electric: $3,060
Gardener: $1,200
Fuel: $3,060
Insurance: $7,032
Licenses: $500
Maintenance: $8,894
New Taxes: $42,692
Professional Management: $0
Trash: $3,060
Water / Sewer: $3,060
Other Expense: $2,965
Interior
Entry Location: Street
Exterior
Property Attached: No
Stories Total: 3
Levels: Two
Common Walls: No Common Walls
Pool: None
Water Source: Public
Sewer: Public Sewer
Garage and Parking
Garage Spaces: 12
Parking Total: 12
Lot Information
Land Lease: No
Common Interest: CommunityApartment
Parcel #: 40407212
Additional Parcels: No
Tax Lot: 10
Zoning: R3
Tax Block: B
Subdivision: Other
Community
HOA: No
HOA Fee: $0
Senior Community: No
Community Features: Biking, Curbs, Park, Street Lights, Sidewalks