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709 E Chestnut Avenue, Santa Ana, CA 92701

Santa Ana
Local realty services provided by:CENTURY 21 Epic
709 E Chestnut Avenue,Santa Ana, CA 92701
$3,550,000
  • - Beds
  • - Baths
  • 7,032 sq. ft.
  • Multi-family
  • Active
Listed by: rick applebaum, paul espinosa
Office: morgan skenderian949-251-8800
MLS#:PW25111635
Source:CRMLS

Price summary

  • Price:$3,550,000
  • Price per sq. ft.:$504.84

About this home

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 potential, buyers have the option to assume the existing financing, which requires only a 30% down payment and features a below-market fixed interest rate that remains in effect through November 2029. This advantageous financing presents a rare opportunity to take advantage of positive leverage, dramatically increasing the cash-on-cash return. The Chestnut Apartments redefines urban living with spacious studio apartment, each generously proportioned to function as complete one-bedroom units. Enhancing the living experience, every unit is equipped with its own washer and dryer, offering tenants the...

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Home facts

  • Year built:1983
  • Subdivision & Development:Other
  • Listing ID #:PW25111635
  • Added:491 day(s) ago
  • Updated:September 23, 2026 at 11:16 AM

Rooms and interior

  • Living area:7,032 sq. ft.

Structure and exterior

  • Year built:1983
  • Building area:7,032 sq. ft.
  • Lot area:0.16 Acres
  • Levels:2 Story

Utilities

  • Water:Public
  • Sewer:Public Sewer

Finances and disclosures

  • Price:$3,550,000
  • Price per sq. ft.:$504.84

Parking

  • Total parking spaces:12
  • Garage:Yes
  • Garage spaces:12
The information being provided by California Regional MLS (Southern California) is for the consumer's personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumer may be interested in purchasing. Any information relating to real estate for sale referenced on this web site comes from the Internet Data Exchange (IDX) program of the California Regional MLS (Southern California). CENTURY 21 Epic is not a Multiple Listing Service (MLS), nor does it offer MLS access. This website is a service of CENTURY 21 Epic, a broker participant of California Regional MLS (Southern California). This web site may reference real estate listing(s) held by a brokerage firm other than the broker and/or agent who owns this web site. The accuracy of all information, regardless of source, including but not limited to open house information, square footages and lot sizes, is deemed reliable but not guaranteed and should be personally verified through personal inspection by and/or with the appropriate professionals. The data contained herein is copyrighted by California Regional MLS (Southern California) and is protected by all applicable copyright laws. Any unauthorized dissemination of this information is in violation of copyright laws and is strictly prohibited. Copyright 2021 California Regional MLS (Southern California). All rights reserved. CRMLS Member Broker: Mike Southwick

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