NOT LISTED FOR SALE

517 E Chestnut Ave Santa Ana, CA 92701

Pacific Park Neighborhood

Estimated Value: $857,000 - $1,062,512

9 Beds
4 Baths
3,500 Sq Ft
$276/Sq Ft Est. Value

Sale Details

Date Sold: July 21, 2014

Last sale price $619,000 $177 Per Sq Ft

Est. 56% increase in value since last sale

Current estimated payment $5,961 / mo

24 Days on Market

About This Home

As of July 2014

517, 519, & 521 E. Chestnut. Excellent triplex investment opportunity! Low rents with potential to increase and achieve greater cash flow. Front house is a 4 bed/2 bath with large bedrooms ($1,800/mo) with laundry hook-ups. Main house is two levels with two bedroom up, and two bedrooms down. The back building is a single level duplex consisting of a 3 bedroom/1 bath ($1,250/mo) and a Third unit that is 2 bed/1 bath ($950/mo). Gross Income $48,000 with upside. All units are occupied on month-to-month leases. Well maintained units with newer roof, tile flooring, majority of copper water lines have been replaced, new windows in front house, newer paint, and forced air/heat. Owner just fumigated the entire property and it's ready for new investor. Sold "AS IS WHERE IS."

Last Agent to Sell the Property

Paulo Prietto

Compass License #01878796 Listed on: 05/06/2014

Compass

Last Buyer's Agent

Consuelo Zambrano

RE/MAX One License #00940690

RE/MAX One

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1948

Lot Details

  • 7,174 Sq Ft Lot
  • 1 Common Wall
  • Density is up to 1 Unit/Acre

Home Design

  • Property Attached

Interior Spaces

  • 3,500 Sq Ft Home
  • 2-Story Property

Bedrooms and Bathrooms

  • 9 Bedrooms
  • 4 Bathrooms

Parking

  • 12 Parking Spaces
  • Parking Available
  • Assigned Parking

Listing and Financial Details

  • Tenant pays for electricity, gas
  • Tax Lot 12
  • Tax Tract Number 568
  • Assessor Parcel Number 40408212

Community Details

Overview

  • No Home Owners Association
  • 2 Buildings
  • 3 Units

Building Details

  • 3 Separate Electric Meters
  • 3 Separate Gas Meters
  • 1 Separate Water Meter
  • Insurance Expense $2,000
  • Water Sewer Expense $3,000
  • New Taxes Expense $6,725
  • Gross Income $4,000
  • Net Operating Income $34,000

Property Details

Home Type

Multi-Family

Year Built

Built in 1948

Lot Details

7,174 Sq Ft Lot

Listing Details

  • Assessments: Yes
  • CapRate: 5.50
  • Property Attached: Yes
  • Water Sewer Expenses: 3000.00
  • Property Type: Residential Income
  • Parcel Number: 40408212
  • Year Built: 1948
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Stories: 2
  • Common Walls: 1 Common Wall
  • Levels: One
  • Price Per Square Foot: 176.86

Exterior Features

  • Pool Private: No

Garage/Parking

  • Parking: Yes
  • Parking Features: Assigned
  • Total Parking Spaces: 12.00

Utilities

  • Utilities: Sewer Available
  • Water Source: Public

Condo/Co-op/Association

  • Association: No
  • Senior Community: No
  • Community Features: Sidewalks

Lot Info

  • Land Lease: No
  • Lot Features: 0-1 Unit/Acre
  • Lot Size Sq Ft: 7174.00
  • Lot Size Acres: 0.1650

Rental Info

  • Tenant Pays: Electricity, Gas

Multi Family

  • Gross Income: 4000.00
  • Gross Multiplier: 12.89
  • Gross Scheduled Income: 48000.00
  • Insurance Expense: 2000.00
  • Lot Size Area: 7174.0000 Square Feet
  • Net Operating Income: 34000.00
  • Number Of Separate Electric Meters: 3
  • Number Of Separate Gas Meters: 3
  • Number Of Separate Water Meters: 1
  • Number Of Units Total: 3
  • Operating Expense: 415.00
  • Rent Control: No

Tax Info

  • New Taxes Expense: 6725.00
  • Tax Lot: 12
  • Tax Tract Number: 568
  • Tax Year: 2013

Ownership History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Name Owned For Owner Type

Purchase Details

Listed on
May 6, 2014
Closed on
Jun 6, 2014
Sold by
Bought by
Seller's Agent
Paulo Prietto
Compass
Buyer's Agent
Consuelo Zambrano
RE/MAX One
List Price
$619,000
Sold Price
$619,000
Current Estimated Value
$964,378

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$345,378
Avg. Annual Appreciation
3.77%
Original Mortgage
$464,250
Outstanding Balance
$341,210
Interest Rate
4.1%
Mortgage Type
New Conventional
Estimated Equity
$623,168

Purchase Details

Closed on
Jul 3, 2013
Sold by
Bought by

Purchase Details

Closed on
Sep 11, 2012
Sold by
Bought by

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$342,500
Interest Rate
3.49%
Mortgage Type
New Conventional

Purchase Details

Closed on
Aug 17, 2012
Sold by
Bought by

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$342,500
Interest Rate
3.49%
Mortgage Type
New Conventional

Purchase Details

Closed on
Aug 10, 2012
Sold by
Bought by

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$342,500
Interest Rate
3.49%
Mortgage Type
New Conventional

Purchase Details

Closed on
Jul 16, 2010
Sold by
Bought by

Purchase Details

Closed on
May 18, 2009
Sold by
Bought by

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$346,500
Interest Rate
4.83%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
May 6, 2008
Sold by
Bought by

Purchase Details

Closed on
Jul 18, 2005
Sold by
Bought by

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$624,750
Interest Rate
6.99%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Jun 10, 2005
Sold by
Bought by

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$624,750
Interest Rate
6.99%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
May 18, 2004
Sold by
Bought by

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$472,000
Interest Rate
6.32%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Apr 28, 2004
Sold by
Bought by

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$472,000
Interest Rate
6.32%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Jan 18, 2002
Sold by
Bought by

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$280,415
Interest Rate
9.25%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Oct 19, 1999
Sold by
Bought by

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$214,135
Interest Rate
7.68%
Mortgage Type
FHA

Purchase Details

Closed on
Feb 4, 1994
Sold by
Bought by
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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Average Value
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List Price
Sold Price
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Home Values in the Area

Source: Public Records

Average Home Value in this Area

Source: Public Records

Purchase History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Buyer Sale Price Title Company
$619,000 Chicago Title Company
-- None Available
-- None Available
-- Ticor Title San Diego
-- Ticor Title San Diego
-- None Available
$495,000 Chicago Title
-- National Title Ins Co Of Ny
$735,000 Stewart Title Of Ca Inc
-- Gateway Title Company
$600,000 Fidelity National Title
-- Fidelity National Title
$330,000 American Title Co
$216,000 Old Republic Title Company
-- --
Source: Public Records

Mortgage History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Status Borrower Loan Amount
Open $464,250
Previous Owner $342,500
Previous Owner $346,500
Previous Owner $624,750
Previous Owner $110,250
Previous Owner $472,000
Previous Owner $288,000
Previous Owner $18,000
Previous Owner $16,495
Previous Owner $280,415
Previous Owner $35,000
Previous Owner $214,135
Source: Public Records

Property History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Event Price List to Sale Price per Sq Ft
07/21/2014 07/21/14 Sold $619,000 0.0% $177 / Sq Ft
05/30/2014 05/30/14 Pending -- -- --
05/06/2014 05/06/14 For Sale $619,000 -- $177 / Sq Ft
Source: California Regional Multiple Listing Service (CRMLS)

Tax History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Year Tax Paid Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. Land Improvement
2025 $8,655 $743,941 $628,555 $115,386
2024 $8,655 $729,354 $616,230 $113,124
2023 $8,442 $715,053 $604,147 $110,906
2022 $8,357 $701,033 $592,301 $108,732
2021 $8,161 $687,288 $580,688 $106,600
2020 $8,179 $680,241 $574,734 $105,507
2019 $8,017 $666,903 $563,464 $103,439
2018 $7,708 $653,827 $552,416 $101,411
2017 $7,644 $641,007 $541,584 $99,423
2016 $7,492 $628,439 $530,965 $97,474
2015 $7,399 $619,000 $522,990 $96,010
2014 $6,253 $516,107 $413,587 $102,520
Source: Public Records

Agents Affiliated with this Home

  • Paulo Prietto

    Seller's Agent in 2014

    Paulo Prietto

    Compass

    (949) 375-6778

    39 Total Sales

    Paulo Prietto
    Section Image

  • C

    Buyer's Agent in 2014

    Consuelo Zambrano

    RE/MAX

    Section Image
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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: NP14095620

California Regional Multiple Listing Service (CRMLS)

APN: 404-082-12

California Orange County Santa Ana 92701 Pacific Park

517 E Chestnut Ave, Santa Ana, CA

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California Regional Multiple Listing Service (CRMLS) The multiple listing data appearing on this website, or contained in reports produced therefrom, is owned and copyrighted by California Regional Multiple Listing Service, Inc. ("CRMLS") and is protected by all applicable copyright laws. Information provided is for viewer's personal, non-commercial use and may not be used for any purpose other than to identify prospective properties the viewer may be interested in purchasing. All listing data, including but not limited to square footage and lot size is believed to be accurate, but the listing Agent, listing Broker and CRMLS and its affiliates do not warrant or guarantee such accuracy. The viewer should independently verify the listed data prior to making any decisions based on such information by personal inspection and/or contacting a real estate professional.

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. Properties may or may not be listed by the office/agent presenting the information

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