709 E Chestnut Avenue, Santa Ana, CA 92701

Local realty services provided by:ERA North Orange County Real Estate
709 E Chestnut Avenue,Santa Ana, CA 92701
$3,550,000
  • - Beds
  • 1 Baths
  • - sq. ft.
  • Multi-family
  • Active
Listed by: rick applebaum, paul espinosa
Office: morgan skenderian
MLS#:PW25111635
Source:San Diego MLS via CRMLS

Price summary

  • Price:$3,550,000

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 convenience of

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Home facts

  • Listing ID #:PW25111635
  • Added:233 day(s) ago
  • Updated:January 08, 2026 at 03:12 PM

Rooms and interior

  • Total bathrooms:1

Finances and disclosures

  • Price:$3,550,000
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