616 S Van Ness Avenue Active Save Request In-Person Tour Request Virtual Tour
Santa Ana,CA 92701
Key Details
Property Type Commercial
Sub Type Other
Listing Status Active
Purchase Type For Sale
Square Footage 4,539 sqft
Price per Sqft $660
MLS Listing ID CROC25188455
HOA Y/N No
Year Built 1924
Lot Size 6,970 Sqft
Acres 0.16
Property Sub-Type Other
Property Description
$75,000 Price Reduction! 6.01% Current Cap Rate! 616-618 S Van Ness Ave is an 8-unit multifamily property in Santa Ana’s Heninger Park, offering a turnkey investment. It includes four 1-bed/1-bath and four 2-bed/2-bath units. In 2025, the front two buildings with four 1-bed/1-bath units were renovated, and two new 2025 ADU buildings which include a two-story, two-unit ADU and a garage ADU with an upper unit were built. The ADUs are exempt from Santa Ana rent stabilization, allowing flexible pricing. The property has a new 400-amp panel electrical system, tankless water heaters, paid-off solar panels for the middle building, coin-operated laundry room, and in-unit laundry hookups for select units. Located one mile from downtown Santa Ana, it offers access to schools, dining, and retail. Low-maintenance artificial grass and tenant-managed landscaping add appeal.
Location
State CA
County Orange
Interior
Fireplace No
Laundry Common Area,Gas Dryer Hookup,Other,Inside
Building
Lot Description Level
New Construction No
Others
Tax ID 01016311