$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.
New construction
Listing Provided by:
Johnny Chang DRE #01961748 949-545-1113,
Johnny Chang Broker
Price cut: $75K (9/22)
$3,000,000
616-618 S Van Ness Ave, Santa Ana, CA 92701
12beds
12baths
4,539sqft
Est.:
Multi Family
Built in 1924
-- sqft lot
$2,871,000 Zestimate®
$661/sqft
$-- HOA
What's special
In-unit laundry hookupsLow-maintenance artificial grassTenant-managed landscapingCoin-operated laundry room
- 72 days |
- 196 |
- 5 |
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