618 S Van Ness Ave - Apartments FOR SALE


Santa Ana, CA 92701- Heninger Park
$3,075,000 USD
949-545-1113
618 S Van Ness Ave, Santa Ana, CA for Sale
$3,075,000 USD
Apartments - FOR SALE
1/27
null | 5.84% Cap Rate

618 S Van Ness Ave
Santa Ana, CA 92701
Heninger Park


HIGHLIGHTS

  • Two Brand New 2025 ADU Buildings (4 Units)
  • Fully Renovated Front 4 Units
  • Energy Efficient Solar Panels For Select Units
  • New 400amp Electric Panel With Underground Wiring
  • Tankless Water Heater For All Units
  • New HVAC Systems For Select Units & New Roof

OVERVIEW

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.

FOR SALE DETAILS

PRICE

$3,075,000 USD

PRICE/SF

$677 USD /SF

# OF UNITS

8

PRICE/UNIT

$384,375

CAP RATE

5.84%

% LEASED

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

616-618 S Van Ness Ave, Santa Ana

PROPERTY TYPE

Multi-Family

PROPERTY SUBTYPE

Apartments

ADD'L SUBTYPES

Apartments

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1924

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.16 AC

LAND SF

6,970 SF

ZONING

SD-40

APN/PARCEL ID

010-163-11

ASK ABOUT THIS PROPERTY

Johnny ChangChangProGroupMore Info
949-545-1113

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Johnny ChangChangProGroupMore Info
949-545-1113

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.