Santa Ana, CA 92701 849 N Van Ness Avenue
$2,500,000
3 more
Presented By: Ed Diaz with Vanguard Property Group; 714-401-2855
- MLS# PW25062931
- 03/21/2025
Disclaimer: The information contained in this listing has not been verified by Sell Buy OC Homes and should be verified by the buyer.
Beds • 10
Baths • 6
SQFT • 4,498
Garage • 6
Home Details
Introducing a prime 6 unit investment opportunity in Central Orange County – a turnkey modern architecture apartment complex, located in an opportunity zone and near the Civic Center, Courts and revitalized downtown retail/restaurant district in Santa Ana. Each unit is complete with central AC/heating, single car garage plus additional onsite parking, washer & dryer (combo unit), tankless water heater, individually metered for electric and gas, ensuring ease of management and cost efficiency. The units feature numerous interior renovations including: new countertops, cabinetry, stainless steel appliances, planking, paint and much more. With an excellent unit mix of 4 (2+1) and 2 (1+1 ) and a sought-after location, this opportunity is ideal for the savvy multifamily/investor looking for a turn key investment with near market rental rates and cap rates already in place.
Presented By: Ed Diaz with Vanguard Property Group; 714-401-2855
Interior Features for 849 N Van Ness Avenue
Other Interior Features
Air Conditioning Y/NYes
Basement (Y/N)No
Common WallsOneCommonWall
Fireplace Y/NNo
FlooringLaminate, Vinyl
Heating Y/NYes
Interior AmenitiesCeilingFans, CrownMolding, CathedralCeilings, GraniteCounters, BedroomOnMainLevel
Laundry FeaturesWasherHookup, ElectricDryerHookup, LaundryCloset
Total Stories2
Other Rooms
Entry Level1
General for 849 N Van Ness Avenue
Additional Parcels Y/NNo
AppliancesDishwasher, GasCooktop, Disposal, GasOven, Microwave, TanklessWaterHeater
Attached Garage No
Building Area UnitsSquareFeet
Cap Rate4.64
Carport Y/NNo
CitySanta Ana
Community FeaturesCurbs, Suburban, Sidewalks
Construction MaterialsCopperPlumbing
CoolingCentralAir
CountyOrange
DirectionsProperty is off 5 frwy and exit Broadway.. Go to 10th St and make left and go to Van Ness Ave
Electric Expense0.0
Electric On Property Y/NNo
Entry Locationbottom level
Fuel Expense0.0
Garage Spaces6.0
Garage Y/NYes
Gross Income171550.0
HOANo
HOA Fee$0.0
HeatingCentral
Home Warranty Y/NNo
Insurance Expense6000.0
Land Lease Y/NNo
Lease Considered Y/NNo
Lease Renewal Y/NNo
LevelsTwo
Listing TermsCash, CashToNewLoan, Exchange1031
Lot Size Square Feet8613.0
Lot Size UnitsSquareFeet
MLS Area70 - Santa Ana North of First
MobileHomeRemainsYNNo
Net Operating Income113531.0
New ConstructionNo
Number Of Units Total6
Open Parking Spaces2.0
Operating Expense50745.0
Pool FeaturesNone
PossessionCloseOfEscrow
Property Attached Y/NYes
Property Sub Type AdditionalMixedUse
Property SubtypeMixedUse
Property TypeResidentialIncome
Rent Control Y/NYes
Security FeaturesCarbonMonoxideDetectors, SmokeDetectors
Senior Community Y/NNo
SewerSewerTapPaid
Spa FeaturesNone
Special Listing ConditionsStandard
Standard StatusActive
StatusActive
Stories2
Subdivision Name111
Tax Lot2
Taxes$28,750
Tenant PaysElectricity, Gas, Sewer, TrashCollection, Water
Total Actual Rent14375.0
Trash Expense0.0
UtilitiesCableConnected, ElectricityConnected, NaturalGasConnected, SewerConnected, WaterConnected
Water Sewer Expense0.0
Year Built1979
Year Built SourceAssessor
Exterior for 849 N Van Ness Avenue
Building Area Total4498.0
Crops Included Y/NNo
Foundation DetailsSlab
Horse Y/NNo
Irrigation Water Rights Y/NNo
Lot FeaturesSixToTenUnitsAcre, SprinklersInFront, SprinklersTimer, SprinklersOnSide, Walkstreet
Lot Size Acres0.1977
Lot Size Area8613.0
Lot Size SourceAssessor
Number of Buildings1
Number of Separate Electric Meters7
Number of Separate Gas Meters7
Number of Separate Water Meters1
Open Parking Y/NNo
Parking FeaturesAssigned, Concrete, DoorSingle, Garage, GarageDoorOpener, Paved, GarageFacesSide
Private PoolNo
SpaNo
Total Parking8.0
Water SourcePublic
Waterfront Y/NNo
Additional Details
Price History
Hal Schlegel
Broker Associate