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$2,200,000 USD
1001 N Van Ness Av
Santa Ana, California 92701
USA
Santa Ana, California 92701
USA
543.372 m2 ::
5,849 sqft
Residential For Sale, Apartment
Land size: 894 m2 ::
9,627 sqft
Sale price per sqm: 4,048.66
Remarks:
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 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.
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.
Features:
- Year Built: 1964
- Exterior Description: Stucco
- Appliances: Garbage Disposal
- Property Features: Balcony
- Floors: Wall to wall carpeting
- Security Features: Smoke Detector
- Utilities: City water, Public Sewer
- Heating System: Electric
- Cooling System: Central Air Conditioning-Electric
Location:
1001 N Van Ness Av, Santa Ana, California 92701, USA
Listed By CENTURY 21 Affiliated
The Residential For Sale, Apartment located at 1001 N Van Ness Av, Santa Ana, California 92701, USA is currently for sale. 1001 N Van Ness Av, Santa Ana, California 92701, USA is listed for $2,200,000 USD. This property has 5,849 sqft. If the property located at 1001 N Van Ness Av, Santa Ana, California 92701, USA isn't what you're looking for, search California Real Estate to see other Homes For Sale in Santa Ana.