616 S Van Ness Avenue, Santa Ana, CA 92701

• 3 beds |
• 3 baths

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.

Listing Status:

Active

Listing Office:

Johnny Chang Broker : 949-545-1113

Listing Agent:

Johnny Chang : 949-545-1113

MLS ID:

OC25188455

Exterior

• Pool: N/K

Construction

• General: 1 Story

Location

• HOA Amenities: 0.0
• Originating MLS: California Regional MLS
• County: Orange

Lot

• Zoning: Public Rec01016311

Financial

• Source: California Regional MLS

This listing courtesy of Johnny Chang, Johnny Chang Broker