(Broker-Friendly Marketing Package Available to Agents) The Bridge Multifamily Team at Cushman & Wakefield is please to present 510 E Chestnut Ave, a beautifully renovated forty-six unit multifamily property located in the Downtown Santa Ana area. The asset offers a nice mix of one- and two-bedroom units and is located on a corner lot with very nice curb appeal. Ten of the units are extremely large two-bed two-bath townhouse style units over 1,300 square feet. The three story building is well maintained and has beautifully landscaped grounds with flowers, plants and clean-cut grass. The complex is securely gated with a security camera system and an automated call box for tenants and guest access. There is also ample grade level covered and gated parking available for tenants, which is a nice amenity in the densely populated city. Multiple elevators and laundry rooms serve the tenants needs. Park Townhome Apartments unit amenities include private patios, air conditioning, spacious floor plans, garbage disposals, and upgraded kitchen appliances.
This property is in an excellent central Santa Ana location right near major retail, educational, and employment opportunities. It is also conveniently located within walking distance to the trendy Historical District, Artists Village, Civic Center and less than a mile from the I-5 Freeway, which allows tenants to connect with the greater California region and beyond. Over one million square feet of private and public (Federal, State, County, City) office space serves Downtown Orange County. This offering provides an investor the opportunity to acquire a well maintained apartment community with exceptional rental upside in a premier location within the city. Given the strength of the overall apartment market within the city of Santa Ana, the property offers an investor the ability to capture quality tenants seeking a great neighborhood with convenient access to a wide variety of activities, transportation and retail amenities. This overall demand for well-located apartments will be a key driver in the continued growth. Park Townhome Apartments is also a short drive to venues such as Disneyland, Angel Stadium, ARTIC Metrolink Station, Honda Center, Knotts Berry Farm, and the Great Wolf Lodge indoor water park.
