616 S Van Ness AvenueSanta Ana, CA92701
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$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.
| a month ago | Listing updated with changes from the MLS® | |
| a month ago | Price changed to $3,000,000 | |
| 2 months ago | Listing first seen on site |
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Last checked 2025
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