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1001 N Van Ness Avenue

Santa Ana, CA 92701

– beds
– baths
– sqft
9,627 sqft lot
1964 build
– on site

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.

Listed By CRMLS_CA / Carl Reinhart / Carl Reinhart, Broker / 714-404-8020

Last checked: Checking… • Last updated Oct 23, 2024 •

MLS# PW24155809 —

The Building

Year Built:

1964
Year Built Source:

Assessor
New Construction:

No
Construction Materials:

Frame, Stucco
Entry Level:

1
Foundation:

Slab
Common Walls:

2+ Common Walls
Number With Patio:

1
Building Area Total:

5849.00
Building Area Units:

Square Feet
# of Buildings:

1
Total Number Of Units:

9
Stories Total:

2
# of Separate Gas Meters:

1
# of Separate Water Meters:

1
# of Separate Electric Meters:

10

Interior

Features:

Balcony, Formica Counters, Unfurnished
Levels:

Two
Entry Location:

Front of building
Flooring:

Carpet, Vinyl
Room Type:

Kitchen, Living Room, Primary Bathroom
Fireplace:

No
Fireplace:

None
Laundry:

Common Area, Dryer Included, Washer Included
Laundry:

1

Financial & Terms

Disclosures:

Principal Is RE Licensed, Rent Control

Location

Directions:

Main Street to W on 10th Street. Property is on the NE corner of Van Ness Avenue/10th Street
Latitude:

33.75394000
Longitude:

-117.87337000

The Property

Property Type:

Residential Income
Subtype:

Apartment
Property Condition:

Repairs Cosmetic
Lot Features:

2-5 Units/Acre, Front Yard, Garden, Landscaped, Level with Street, Lot 6500-9999, Rectangular Lot, Level, Near Public Transit, Over 40 Units/Acre, Paved
Lot Size Area:

9627.0000
Lot Size Acres:

0.2210
Lot Size SqFt:

9627.00
Lot Size Source:

Assessor
View:

1
View:

Neighborhood
Security Features:

Smoke Detector(s)
Road Frontage:

City Street
Road Surface Type:

Paved
Property Attached:

1
Additional Parcels:

No
Land Lease:

No

Listing Agent

Contact info:

Taxes

Tax Block:

4
Tax Census Tract:

750.03
Tax Tract:

93
Tax Lot:

10

The Listing

Special Listing Conditions:

Standard
Parcel Number:

39853504

Heating & Cooling

Heating:

1
Heating:

Electric
Cooling:

Yes
Cooling:

Electric

Utilities

Utilities:

Electricity Connected, Sewer Connected, Water Connected
Sewer:

Public Sewer
Electric:

220 Volts in Laundry
Water Source:

Public

Appliances

Appliances:

Electric Oven, Electric Range, Electric Water Heater, Disposal
Included:

Yes

The Community

Subdivision:

Other (OTHR)
Subdivision:

Civic Center
Senior Community:

No
Neighborhood:

Civic Center
Features:

Curbs, Sidewalks, Urban
Pool:

None
Private Pool:

No
Association:

No
Assessments:

No
Assessments:

None

Parking

Parking:

Yes
Parking:

Assigned, Carport, Detached Carport, Covered, Asphalt, Paved, Driveway Level, On Site, Private, Uncovered
Parking Spaces:

12.00
Uncovered Spaces:

6.00
Carport Spaces:

6.00

Extra Units

Average 1 Bed Area:

625
Average 2 Bed Area:

900
Number With Carpet:

9
Number With Drapes:

9
Number With Disposal:

9
Number With Dishwasher:

9

Explore the Area

My Commute

From

Walk Score®

Provided by WalkScore® Inc.

Bike Score®

Provided by WalkScore® Inc.

Transit Score®

Provided by WalkScore® Inc.

Soundscore™

Provided by HowLoud

Sale history

Date	Event	Source	Price	% Change
7/30/24 Jul 30, 2024	Listed / Active	CRMLS_CA	$2,200,000

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This multifamily located in Willard, Santa Ana, CA 92701 is currently for sale for $2,200,000. 1001 N Van Ness Avenue is a – square foot multifamily with – beds and – baths that has been on Estately for 108 days. 1001 N Van Ness Avenue is in the Willard neighborhood of Santa Ana and has a WalkScore® of 82, making it very walkable. This multifamily is in the attendance area of Heroes Elementary School, Santa Ana High School, and Frances E. Willard Intermediate School.

Listing Courtesy of: CRMLS_CA and Carl Reinhart, Broker. Based on information from California Regional Multiple Listing Service, Inc. as of 23:59 on Nov 14.

This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent.