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629 E Chestnut Ave, Santa Ana, CA 92701
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629 E Chestnut Ave Santa Ana, CA 92701

$1,995,000
  • 9 Beds
  • 7.5 Baths
  • 5,174 Sq.Ft.
For Sale
$1,995,000 Get Pre-Qualified
Map preview of 629 E Chestnut Ave, Santa Ana, CA 92701

Property Overview: 629 E Chestnut Ave Santa Ana, CA has 9 bedrooms, 7.5 bathrooms, 5,174 living square feet and 6,534 square feet lot size. Call an Ardent Real Estate Group agent to verify current availability of this home or with any questions you may have.

Agent Remarks: 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.

Listed by Jason Kirklen | BRE #01939655 | Kirklen Investment Group
Last checked: 8 minutes ago | Last updated: March 6th, 2024 | Source CRMLS | DOM: 35
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Home details

Lot Sq. Ft
6,534
HOA Dues
$0/mo
Year built
1980
Garage
6 Car
Property Type:
Apartment
Status
Active
MLS#
OC24045146
City
Santa Ana
County
Orange
Time on Site
43 days
Multi-Family Unit Breakdown
Unit Mix Summary
  • Total # of Units: 6
  • Total # of Buildings: 1
  • # of Electric Meters: 6
  • # of Gas Meters: 6
  • # of Water Meters: 1
Unit Breakdown 1
  • # of Units: 3
  • # of Beds: 2
  • # of Baths: 2
  • Garage Spaces: 3
  • Garaged Attached? No
  • Furnishing: Unfurnished
  • Actual Rent: $2,700
  • Total Rent: $8,100
  • Pro Forma/Market Rent: $2,781
Unit Breakdown 2
  • # of Units: 3
  • # of Beds: 1
  • # of Baths: 1
  • Garage Spaces: 3
  • Garaged Attached? No
  • Furnishing: Unfurnished
  • Actual Rent: $1,689
  • Total Rent: $5,067
  • Pro Forma/Market Rent: $1,740
Multi-Family Income/Expense Information
Property Income and Analysis
  • Gross Rent Multiplier: --
  • Gross Scheduled Income: $158,004
  • Net Operating Income: $107,962
  • Gross Operating Income: --
Annual Expense Breakdown
  • Total Operating Expense: $47,222
  • Electric: $2,691
  • Gas/Fuel: $2,315
  • Trash: $1,249
  • Insurance: $3,569
  • Professional Management: $6,327
  • Water/Sewer: $1,246

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Property Details for 629 E Chestnut Ave

Interior Features
Laundry Information
  • Has Laundry
  • Community, Inside
Interior Features
  • Levels: Two
Exterior Features
Exterior Features
  • No Pool
  • Pool Features: None
Lot Details / Garage and Parking
Parking/Garage Information
  • # of Garage Spaces: 6
  • # of Parking Spaces: 6
Lot Information
  • Lot Features: 6-10 Units/Acre
  • Lot Size Source: Assessor
  • Common Interest: Community Apartment
Property Information
  • Common Walls: 2+ Common Walls
  • Total # of Units: 6
  • Parcel Number: 40407515
  • Year Built Source: Assessor
  • Entry Level: 1
  • Property is Attached
Homeowners Association, Utilities, Taxes / Assessments
Utilities Information
  • Sewer: Public Sewer
  • Water Source: Public
Location / Neighborhood
Location Information
  • Directions: 5 N Exit L E 1st St, L S Halladay St
Neighborhood Information
  • Community Features: Curbs, Gutters, Sidewalks
View more facts & features

Local Santa Ana Agent

Sale History for 629 E Chestnut Ave

Last leased for $1,895 on June 28th, 2023

  • March, 2024

  • Mar 5, 2024

    Date

    Active

    CRMLS: OC24045146

    $1,995,000

    Price

  • December, 2023

  • Dec 2, 2023

    Date

    Expired

    CRMLS: OC23107543

    $2,040,000

    Price

  • Jun 16, 2023

    Date

    Active

    CRMLS: OC23107543

    $2,095,000

    Price

  • Listing provided courtesy of CRMLS

    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.

  • June, 2023

  • Jun 28, 2023

    Date

    Leased

    CRMLS: MB23084006

    $1,895

    Price

  • May 18, 2023

    Date

    Active

    CRMLS: MB23084006

    $1,995

    Price

  • Listing provided courtesy of CRMLS

    Move-in-ready 1-bed 1-bath apartment home. The kitchen has brand new, elegant mocha cabinets. The open-concept living room/dining provides ample space for for a single occupant or small family to lounge in and make memories. Ceramic tile throughout the home. Shared on-site laundry. Single vehicle assigned parking . Near Santa Ana's historic district, restaurants, entertainment and the OC's employment hubs. Easy access to the 5 /55 and 405 freeways. Will go fast!!!

  • May, 2023

  • May 1, 2023

    Date

    Leased

    CRMLS: MB23039510

    $2,650

    Price

  • Mar 9, 2023

    Date

    Active

    CRMLS: MB23039510

    $2,750

    Price

  • Listing provided courtesy of CRMLS

    Fully-remodeled ready-to-move-in 2-bed one-and-half-bath apartment home. The kitchen has brand new, elegant mocha cabinets. Laminate flooring throughout the home. Ample space for lounging or family time in the open-concept living room / dining room. Spacious bedrooms for rest and privacy. Shared on-site laundry room. Secure underground 2-vehicle parking. Walking distance from Santa Ana's historic district, restaurants, entertainment and the OC's employment hubs. Easy access to the 5 /55 and 405 freeways. Will go fast

  • April, 2021

  • Apr 20, 2021

    Date

    Sold

    CRMLS: OC21012679

    $1,745,000

    Price

  • Apr 15, 2021

    Date

    Pending

    CRMLS: OC21012679

    $1,775,000

    Price

  • Feb 27, 2021

    Date

    Active Under Contract

    CRMLS: OC21012679

    $1,775,000

    Price

  • Feb 15, 2021

    Date

    Price Change

    CRMLS: OC21012679

    $1,775,000

    Price

  • Jan 20, 2021

    Date

    Active

    CRMLS: OC21012679

    $1,825,000

    Price

  • Listing provided courtesy of 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.

  • September, 2007

  • Sep 6, 2007

    Date

    Sold (Public Records)

    Public Records

    $905,000

    Price

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Tax History for 629 E Chestnut Ave

Assessed Value (2020): $1,053,162
Year Land Value Improved Value Assessed Value
2020 $695,087 $358,075 $1,053,162

Home Value Compared to the Market

This property vs the competition

629 E Chestnut Ave is listed 157.42% higher than the median list price for the city of Santa Ana which has a median list price of $775,000. The median price per/sqft for Santa Ana is $575 and this home is listed at $385.58 per/sqft which puts the price per square foot 32.94% lower than the median price per square foot for the city of Santa Ana.

About 629 E Chestnut Ave

Detailed summary of property

629 E Chestnut Ave is a apartment located in Santa Ana, CA 92701 and is currently for sale. This apartment offers 9 bedrooms, 7.5 bathrooms, roughly 5,174 living square feet, and sits on an approximately 6,534 square foot lot. 629 E Chestnut Ave was first listed on ArdentRealEstateGroup.com on March 5, 2024. The homeowner is currently asking $1,995,000. The median priced home in Santa Ana is $775,000 with a median price per square foot of $575. Based on Ardent Real Estate Group's Santa Ana Market Data, this home is listed 157.42% higher than the median priced home. Local competing homes currently for sale include 1544 Orchard Dr, 1554 Orchard Dr and 2051 N Park Ln. While the average home in Santa Ana, CA is selling in 48 days, 629 E Chestnut Ave has a days on market of 35 days. There are currently 233 homes for sale in the Santa Ana real estate market and 132 of them are single family homes while 91 of them are condos and 9 are townhomes. For more information on this home for sale at 629 E Chestnut Ave Santa Ana, CA 92701 contact Ardent Real Estate Group and we will put you in touch with one of our Santa Ana agents.

Public Facts for 629 E Chestnut Ave

Public county record property details
Beds
--
Baths
--
Year built
1924
Sq. Ft.
5,174
Lot Size
5,916
Stories
2
Type
Apartments (Generic)
Pool
No
Spa
No
County
Orange
Lot#
14
APN
404-075-15

The source for these homes facts are from public records.

92701 Real Estate Sale History (Last 30 days)

Last 30 days of sale history and trends
Median List Price
$449,900
Median List Price/Sq.Ft.
$451
Median Sold Price
$435,000
Median Sold Price/Sq.Ft.
$582
Total Inventory
42
Median Sale to List Price %
100%
Avg Days on Market
32
Loan Type
Conventional (63.64%), FHA (9.09%), VA (9.09%), Cash (18.18%), Other (0%)

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Based on information from California Regional Multiple Listing Service, Inc. as of 2019. This information 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. Display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent.

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