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$ 3,000,000
Est. payment | /mo
3 Beds
6,970 Sqft Lot
$ 3,000,000
Est. payment | /mo
3 Beds
6,970 Sqft Lot
Key Details
Property Type Multi-Family
Sub Type Res Income 2-4 Units
Listing Status Active
Purchase Type For Sale
MLS Listing ID OC25188455
Bedrooms 3
Lot Size 6,970 Sqft
Property Sub-Type Res Income 2-4 Units
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 Anas 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
Zoning Public Rec
Direction The main cross street s are W 17th St, and W 5th St
Interior
Fireplace No
Exterior
View Y/N No
Building
Story 2
Level or Stories 2
Others
Tax ID 01016311
Listed by Johnny Chang Johnny Chang Broker
“My job is to find and attract mastery-based agents to the office, protect the culture, and make sure everyone is happy! ”