$3,550,000
709 E Chestnut Avenue, Santa Ana CA 92701
Multi-Family (12 Units)
Property type
382 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 5, 2026 at 10:30am
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
Nearby Schools
Nearby schools around the 709 E Chestnut Avenue, Santa Ana, CA 92701. Contact the school or district directly to verify enrollment eligibility.
Payment Calculator
Total Principal
$2,840,000
Total Interest
$3,622,263
Total Payment
$6,462,263
Payoff Date
Jun 2056
PMI is disabled automatically when your down payment is 20% or more.
Est. Payment
$21,799
per month
Property History for 709 E Chestnut Avenue
Santa Ana Market Snapshot
Market stats compare this property with recent MLS activity for similar property types in 92701.
Similar Homes
Listings with similar prices to 709 E Chestnut Avenue