We are pleased to present the Chestnut Avenue Property in Santa Ana, CA. Constructed in 1985, this property features copper plumbing and offers an over 1.5:1 parking ratio with 34 covered parking spaces. The property consists of 14 one-bed units and 8 two-bed, two-bath units. Over half of the units have balconies, and the amenities include two on-site laundry facilities, an elevator, individual water heaters, and individual gas and electric meters. The property boasts a 5.1% cap rate on current income, with the potential to achieve nearly 8% on market rents. With the potential for a 35% increase in rental income, investors can expect strong in-place cash flow while strategically implementing a plan to maximize their investment returns.
Property Details
Property Features
Property Information:
Year Built: 1985
Stories: 3
Listing Office:
Office Name: Triqor Group
Office Email: chris@triqorgroup.com
Listing Agent: Chris Keramati
Exterior Features
Exterior Information:
Private Pool: No
Lot Features
Lot Information:
Lot Size: 0.40 Acres
Other
Directions Information:
Directions: Driving East on 1st St., Turn right onto Orange Ave., Turn left onto E. Chestnut Ave., Property will be on your left.
Price Information
Listing Price Info
Price Summary:
List Price: $5,350,000
Tax Information:
Annual Amount: $63,970
Tax Year: 2021
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Housing Market Comparison
See how this home compares to others in Santa Ana, CA.
This property is $4.4M more than the Median Sold Price in Santa Ana, CA.
Based on homes sold in the last 12 months
MLS Details
MLS Information:
MLS Name: CRMLS
MLS Number: #PW24172534
Listing Office:
Office Name: Triqor Group
Office Email: chris@triqorgroup.com
Listing Agent: Chris Keramati
Based on information from California Regional Multiple Listing Service, Inc. and /or other sources. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. The data contained herein is copyrighted by CRMLS and is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited.
The information being provided by California Regional Multiple Listing Service, Inc. (“CRMLS”) is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Any information relating to a property referenced on this web site comes from CRMLS. Properties may or may not be listed by the office/agent presenting the information. Real estate listings held by brokerage firms other than this broker are marked with the Internet Data Exchange logo and detailed information about them includes the names of the listing brokers and listing agents. MLS search engine provided by IHR Technology Services. This data is updated every 2 hours. Some properties appearing for sale on this display may subsequently have sold and may no longer be available. Data displayed may be a portion of, and not a complete set of all listings published in the MLS. Last updated on: 11/21/2024, 9:20:54 PM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.
Property Sales & Tax
Listing History
DATE
EVENT
PRICE
Mar 05, 2018
Mar 05, 2018Home Sold
$5,000,000
Aug 01, 2013
Aug 01, 2013Home Sold
$3,380,000
Aug 23, 2006
Aug 23, 2006Home Sold
$2,950,000
Aug 28, 2002
Aug 28, 2002Home Sold
$1,830,000
Sep 05, 1990
Sep 05, 1990Home Sold
$1,660,000
Tax History
YEAR
PROP. TAX
ASSESSMENT
2021
$63,970
$5,255,892
2020
$64,076
$5,202,000
2019
$45,451
$5,100,000
2018
$45,452
$3,641,510
2017
$45,066
$3,570,108
History based on county public records data.
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Schools
Schools Nearby
The school rating is a score out of 10, where 10 is the highest and 1 is the lowest. Assigned schools have a bold outline.
We're sorry, we currently don't have assigned school data for this listing.
Nearby Schools
5
/10
Edward B. Cole Academy
333 E Walnut St
Distance between this listing and this school0.14 miles
Public Charter Grades KG-5
5
/10
Roosevelt Elementary School
501 S Halladay St
Distance between this listing and this school0.28 miles
Public District Grades KG-5
3
/10
Heninger Elementary School
417 W Walnut St
Distance between this listing and this school0.49 miles
Public District Grades KG-5
Nearby Schools
3
/10
Lathrop Intermediate School
1111 S Broadway
Distance between this listing and this school0.74 miles
Public District Grades 6-8
5
/10
Orange County Educational Arts Academy
825 N Broadway
Distance between this listing and this school0.76 miles
Public Charter Grades KG-8
7
/10
El Sol Santa Ana Science and Arts Academy
328 W Halesworth St
Distance between this listing and this school0.86 miles
Public Charter Grades KG-8
Nearby Schools
5
/10
Advanced Learning Academy
335 E Walnut St
Distance between this listing and this school0.18 miles
Public Charter Grades 3-12
4
/10
Santa Ana High School
520 W Walnut St
Distance between this listing and this school0.59 miles
Public District Grades 9-12
6
/10
Nova Academy Early College High School
500 W Santa Ana Blvd
Distance between this listing and this school0.63 miles
The neighbors living near this home have an average income of $28,824. Most Santa Ana, CA residents have annual incomes less than $35k. The majority of families are married, with kids. Residents of this area typically have high school diploma education.
All data provided by Home Junction and Claritas
Frequently Asked Questions About 335 E Chestnut Ave
What is the listing price of this property?
The listing price of 335 E Chestnut Ave property is $5,350,000.
What type of property is this?
The property 335 E Chestnut Ave is a condo located in Santa Ana, California, 92701.
Is this property for sale now?
Active Listing: 335 E Chestnut Ave is For Sale (Active/New) which means the seller is accepting offers.
What is the annual property tax for this property?
According to the records, the last property tax for 2021 is $63,970 (source: MLS/based on county public records data).
When was this property sold last time and for how much?
The last sale was on March 5, 2018 for $5,000,000. (source: MLS/tax record).
Which year was this property built?
The year of construction for 335 E Chestnut Ave is 1985.
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This home is located at 335 E Chestnut Ave in Santa Ana, CA and zip code 92701 in the Eastside neighborhood. This home, which was built in 1985, sits on a 0.40 acre lot. It has been listed on Rocket Homes since August 20, 2024 and is currently priced at $5,350,000.
While more than 50 listings in Santa Ana, CA in October 2024 were sold above asking price, there were more than 12 listings sold at asking price, and more than 28 were sold below. The number of homes for sale in Santa Ana, CA increased by 1.7% between September 2024 and October 2024. Listings spent 24 days on the market in October 2024, and had a median list price of $859,400 during the same period.
From Rocket Homes Real Estate and based on county public records data.
Based on information from California Regional Multiple Listing Service, Inc. and /or other sources. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. The data contained herein is copyrighted by CRMLS and is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited. 
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