Seller's Agent in 2024
Jason Kirklen
Kirklen Investment Group
(949) 942-1302
2 in this area
26 Total Sales
629 E Chestnut Ave Santa Ana, CA 92701
Pacific Park Neighborhood
3
Beds
3
Baths
5,174
Sq Ft
6,534
Sq Ft Lot
About This Home
As of May 2024629 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.
Last Agent to Sell the Property
Kirklen Investment Group Brokerage Phone: 949-942-1302 License #01939655 Listed on: 03/05/2024
Property Details
Home Type
- Multi-Family
Year Built
- Built in 1980
Lot Details
- 6,534 Sq Ft Lot
- Two or More Common Walls
- Density is 6-10 Units/Acre
Parking
- 6 Car Garage
Home Design
- Apartment
- Entry on the 1st floor
Interior Spaces
- 5,174 Sq Ft Home
- 2-Story Property
- Laundry Room
Bedrooms and Bathrooms
- 3 Bedrooms
- 3 Bathrooms
Outdoor Features
- Rain Gutters
Listing and Financial Details
- Legal Lot and Block 14 / C
- Tax Tract Number 312
- Assessor Parcel Number 40407515
- $1,545 per year additional tax assessments
Community Details
Building Details
- Rent Control
- 6 Separate Electric Meters
- 6 Separate Gas Meters
- 1 Separate Water Meter
- Electric Expense $2,691
- Fuel Expense $2,315
- Insurance Expense $3,569
- Professional Management Expense $6,327
- Trash Expense $1,249
- Water Sewer Expense $1,246
- Operating Expense $47,222
- Gross Income $155,184
- Net Operating Income $107,962
Additional Features
- 6 Units
- Laundry Facilities
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Home Values in the Area
Average Home Value in this Area
Property History
| Date | Event | Price | List to Sale | Price per Sq Ft | Prior Sale |
|---|---|---|---|---|---|
| 05/08/2024 05/08/24 | Sold | $1,840,000 | -7.8% | $356 / Sq Ft | |
| 05/02/2024 05/02/24 | For Sale | $1,995,000 | 0.0% | $386 / Sq Ft | |
| 04/19/2024 04/19/24 | Pending | -- | -- | -- | |
| 03/05/2024 03/05/24 | For Sale | $1,995,000 | +14.3% | $386 / Sq Ft | |
| 04/19/2021 04/19/21 | Sold | $1,745,000 | -1.7% | $337 / Sq Ft | View Prior Sale |
| 02/26/2021 02/26/21 | Pending | -- | -- | -- | |
| 02/15/2021 02/15/21 | Price Changed | $1,775,000 | -2.7% | $343 / Sq Ft | |
| 01/20/2021 01/20/21 | For Sale | $1,825,000 | -- | $353 / Sq Ft |
Source: California Regional Multiple Listing Service (CRMLS)
Tax History Compared to Growth
Agents Affiliated with this Home
-
Jason Kirklen
-
Ann Diep
A
Buyer's Agent in 2024
Ann Diep
Trojan Financial Solutions
(714) 444-0114
1 in this area
10 Total Sales
-
Shelly Hilliard
Seller's Agent in 2021
Shelly Hilliard
Coldwell Banker Realty
(714) 580-4500
3 in this area
60 Total Sales
Map
Source: California Regional Multiple Listing Service (CRMLS)
MLS Number: OC24045146
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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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