1001 N Van Ness Avenue

Santa Ana, CA 92701

  • 0 Bed(s)
  • 0 Bath(s)
  • 5,849 Sqft
  • 9627
    Sqft(Lot)
$2,200,000

Description

The subject consists of a two-story, nine-unit woodframe and stucco apartment building constructed in 1964 and last renovated in 2024, when the owners painted the exterior stucco and trim, replaced the roof, windows, many of the hvac units, bathroom sinks and light fixtures. there are eight one bedroom/one bath units, each approximately 625 square feet in size and one two bedroom/one and one-half bath two-story townhouse approximately 900 square feet in size. the property has an outstanding location just two short blocks directly north of the main portion of the santa ana civic center. santa ana is the county seat and is the location of most of the major city, county, state and federal government buildings in orange county. parking in the civic center area is scarce and expensive, so the ability to walk to the civic center is a major attraction of this location. the property includes six covered carport spaces plus six uncovered spaces. many similar-sized apartment buildings have been renovated or have been newly-constructed in the neighborhood. rental rates at the property are low and very rarely are there vacancies in the building. most apartment buildings with the city of santa ana, including the subject, are subject to city and state rent stabilization regulations. the rental rates specified herein are effective october 1, 2024, however, the property may qualify for a capital improvement adjustment in the allowed rental rates which, when approved, may allow the owner a significant increase the annual net operating income per year. the subject is also located in a federal opportunity zone, which affords a purchaser potential for certain additional income tax benefits.



the subject is located on a corner parcel. although eight of the apartment units front on north van ness street, the one-two bedroom apartment unit fronts on 10th street and the public record for this parcel uses the address of 519 west 10th street.

  • Property Type

    Residential Income

  • Subdivision

    Fallbrook

  • County

    Orange

  • Style

    Residential Income

  • AD ID

    46511989

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Property Details

  • Water/Sewer

    • Water Source : Public
    • Sewer : Public Sewer

    Interior Features

    • Interior Features: Balcony,Laminate Counters,Unfurnished
    • Property Appliances: Electric Oven,Electric Range,Electric Water Heater,Disposal,Dryer,Washer
    • Fireplace: None
    • Flooring: Carpet,Vinyl

    Cooling Features

    • Electric
    • Air Conditioning

    Heating Source

    • Electric
    • Has Heating

    Fireplace

    • Fireplace Features: None
    • Has Fireplace: 0

  • Building Information

    • Year Built: 1964
    • Building Area Total: 5,849
    • Construction: Frame,Stucco

    Foundation

    • Slab

    Security Features

    • Smoke Detector(s)

    Pool Features

    • None

    Laundry Features

    • Common Area

  • Lot Details

    • Lot Dimensions Source: Vendor Enhanced
    • Lot Size Acres: 0.221
    • Lot Size Source: Assessor
    • Lot Size Square Feet: 9627

  • Listing Price Information

    • Original List Price: 2,200,000
    • Listing Contract Date: 2024-07-28

    Lease Information

    • Listing Agreement: Exclusive Right To Sell

  • Tax Information

    • Parcel Number: 39853504

  • Garage and Parking

    • Garage Description: Assigned,Asphalt,Covered,Carport,Detached Carport,Driveway Level,On Site,Paved,Private,Uncovered

    Homeowners Association

    Rental Info

    • Lease Term: Negotiable
    • Tenant Pays: Electricity,Gas,Parking Fee,Telephone

  • Other Property Info

    • Source Listing Status: Pending
    • Source Neighborhood: 70 - Santa Ana North of First
    • Postal Code Plus 4: 3301
    • Directions: Main Street to W on 10th Street. Property is on the NE corner of Van Ness Avenue/10th Street
    • Source Property Type: Residential Income
    • Area: 70 - Santa Ana North of First
    • Property SubType: Apartment

    Building and Construction

    • Property Age: 61
    • Common Walls: 2+ Common Walls
    • Property Condition: Repairs Cosmetic
    • Structure Type: Apartment
    • Year Built Source: Assessor
    • Entry Level: 1
    • Entry Location: Front of building
    • Property Attached: Yes
    • Levels or Stories: Two
    • Building Total Stories: 2
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BuyOwner last updated this listing 01/18/2025 @ 19:18

  • MLS: PW24155809
  • LISTING PROVIDED COURTESY OF: ,
  • SOURCE: CRMLS

is a Home, with 0 bedrooms which is recently sold, it has 5,849 sqft, 9,627 sized lot, and 0 parking. A comparable Home, has bedrooms and baths, it was built in and is located at and for sale by its owner at . This home is located in the city of Santa Ana , in zip code 92701, this Orange County Home , it is in the FALLBROOK Subdivision, are nearby neighborhoods.