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
  • - Baths
  • 7,032 sq. ft.
  • Multi-family
  • Active
Listed by: rick applebaum, paul espinosa
Office: morgan skenderian
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
  • Listing ID #:PW25111635
  • Added:277 day(s) ago
  • Updated:February 21, 2026 at 02:20 PM

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

Utilities

  • Water:Public
  • Sewer:Public Sewer

Finances and disclosures

  • Price:$3,550,000
  • Price per sq. ft.:$504.84
Based on information from California Regional Multiple Listing Service, Inc. as of February 21, 2026 . This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent. The information provided is for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. All properties are subject to prior sale or withdrawal. All information provided is deemed reliable but is not guaranteed accurate, and should be independently verified.

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