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629 E Chestnut Avenue, Santa Ana, CA 92701

Property · 2 recorded sales since 2021

629 E Chestnut Avenue, Santa Ana, CA 92701 Sold May 2024 CRMLS
$1,840,000Sold May 2024

Listing Agent: Jason Kirklen (DRE #01939655) · Listing Office: Kirklen Investment Group · Contact: 949-942-1302 · Bought with: Ann Diep · Trojan Financial Solutions · MLS #OC24045146 · Source: CRMLS

6,534 sqft
Lot Size
1980
Year Built
Property
Type
2
Stories
6
Garage

About this property

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.

Listing description from the May 2024 sale, as reported to CRMLS.

Sale history

$1,840,000
Sold May 2024 · listed $1,995,000, on market March 2024 · MLS #OC24045146 · Source: CRMLS
Listing Agent: Jason Kirklen · Listing Office: Kirklen Investment Group · Contact: 949-942-1302 · Bought with: Ann Diep · Trojan Financial Solutions
$1,745,000
Sold April 2021 · listed $1,775,000, orig. $1,825,000, on market January 2021 · MLS #OC21012679 · Source: CRMLS
Listing Agent: Shelly Kay Hilliard · Listing Office: Coldwell Banker Realty · Contact: 714-374-4459 · Bought with: Jason Kirklen · Kirklen Investment Group
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