616 Van Ness, Santa Ana CA 92701 | $3,000,000
Listing provided courtesy of Johnny Chang of Johnny Chang Broker. Last updated 2025-11-06 09:11:40.000000. Listing information © 2025 SANDICOR.
$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.
More Details
0.16 Acres
2 Stories
David Piper
Call or Text: 858-525-5007
DRE# 02021985
