616-618 S Van Ness Ave

Santa Ana, CA 92701

$3,000,000
Price
3
Beds
12
Baths
4,539 Sq. Ft.
$661 / Sq. Ft.
4,539
Sq. Ft.
$661
per Sq. Ft.
Active Under Contract
Active Under Contract
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Description

$75,000 Price Reduction! 6.01% Current Cap Rate! 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....$75,000 Price Reduction! 6.01% Current Cap Rate! 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.

Property Details for 616-618 South Van Ness Avenue

Parking Spaces Total
0
Private Pool
No
Total Units
8.0
Building Type
Detached
Lot Size Source
Seller
Living Area
4539
Assessor Parcel Number
010-163-11
Property Attached YN
false
LISTING UPDATED: 11/23/2025 05:26 AM

Property Details for 616-618 South Van Ness Avenue

StatusActive Under Contract
MLS #OC25188455
Days on Market94
Taxes-
HOA Fees-
Condo/Co-op Fees-
Compass TypeMulti Family
MLS TypeResidential Income / Apartment
Year Built1924
CountyOrange County

Location

Listing Courtesy of Johnny Chang Broker, Johnny Chang, DRE #01961748
Add your commute

Building Information for 616-618 South Van Ness Avenue

Building/Complex616-618 S Van Ness AveFloor-Stories2Residences-Pet Policy-Pet Policy Details-Year Built1924Building Size-

Payment Calculator

$14,824 per month

30 year fixed, 6.28% Interest

Principal and Interest

$14,824

Property Taxes

$0

HOA Dues

$0

The Payment Calculator is for illustrative purposes only.

Property Information for 616-618 South Van Ness Avenue

Income / Expense / Tax Details
Income Details
  • Gross Income: $243,456
  • Gross Scheduled Income: $250,800
  • Vacancy Allowance: 7524
  • Vacancy Allowance Rate: 3
  • Gross Operating Income: $243,456
  • Net Operating Income: $180,415
  • Laundry Income: $6,000
  • Gross Multiplier: 11.96
  • Cap Rate: 6.01
Expense Details
  • Operating Expense: $63,042
  • New Taxes Expense: $34,986
  • Gardener Expense: $3,600
  • Fuel Expense: $1,200
  • Electric Expense: $360
  • Insurance Expense: $4,096
  • Maintenance Expense: $6,000
  • Professional Management Expense: $0
  • Other Expense: $3,360
  • Trash Expense: $3,096
  • Water Sewer Expense: $3,600
  • Supplies Expense: $3,200
  • Total Expenses: $63,042
Tax / Assessment Info
  • Tax Block: 9
  • Tax Tract Number: 567
  • Tax Census Tract: 746.01
  • Tax Lot: 9
Community / Development
Community / Development
  • Community Features: Curbs, Gutters, Sidewalks
Property / Structure Info
Interior Features
  • Laundry: Yes
  • Laundry Features: Community, Gas & Electric Dryer Hookup, Inside, Washer Hookup
Exterior Features
  • Entry Location: 1
  • Pool Features: None
  • Pool Description: None
Land/Lot Info
  • Lot Features: Level with Street
  • Number Of Units: 8
  • Land Lease: No
  • Land Lease Type: Fee
  • Levels: One, Two
  • Water: Public
  • Sewer: Public Sewer
  • Water Source: Public
Parking Info
  • Garage Spaces: 0
  • Parking: Yes
  • Parking Garage: Assigned
  • Parking Garage Spaces: 0
  • Carport Spaces: 0
  • Parking Features: Assigned
Unit Information
Unit 1
  • Unit Type Units Total: 4
  • Unit Type Beds Total: 1
  • Unit Type Baths Total: 1
  • Unit Type Furnished: Unfurnished
  • Unit Type Garage Spaces: 0
  • Unit Type Actual Rent: $8,200
  • Unit Type Total Rent: $8,200
  • Unit Type Pro Forma: 8800
  • Unit Type Type: 1
Unit 2
  • Unit Type Units Total: 4
  • Unit Type Beds Total: 2
  • Unit Type Baths Total: 2
  • Unit Type Furnished: Unfurnished
  • Unit Type Garage Spaces: 0
  • Unit Type Actual Rent: $12,200
  • Unit Type Total Rent: $12,200
  • Unit Type Pro Forma: 12800
  • Unit Type Type: 2
Unit Information
  • Rent Controlled: Yes
  • Number Of Buildings: 4
  • Number Of Separate Electric Meters: 9
  • Number Of Separate Gas Meters: 7
  • Number Of Separate Water Meters: 2

Property History for 616-618 South Van Ness Avenue

DateEvent & SourcePriceAppreciation
Nov 7, 2025

Accepting Backup Offers

CLAW #OC25188455MR

—
Nov 7, 2025

Accepting Backup Offers

CRMLS #OC25188455

—
Sep 22, 2025

Price Change

CLAW #OC25188455MR

$3,000,000—
Sep 22, 2025

Price Change

CRMLS #OC25188455

$3,000,000—
Aug 21, 2025

Listed (Active)

CRMLS #OC25188455

$3,075,000—
Aug 14, 2025

Listed (Active)

CLAW #OC25188455MR

$3,075,000—
Oct 25, 2023

Sold

CRMLS #PW23179115

$760,000—
Oct 25, 2023

Sold

CLAW #PW23179115MR

$760,000—
Oct 10, 2023

Pending

CRMLS #PW23179115

—
Oct 10, 2023

Pending

CLAW #PW23179115MR

—
Sep 25, 2023

Listed (Active)

CLAW #PW23179115MR

$1,195,000—
Sep 25, 2023

Listed (Active)

CRMLS #PW23179115

$1,195,000—
DateEvent & SourcePrice
11/07/2025

Accepting Backup Offers

CLAW #OC25188455MR

—
11/07/2025

Accepting Backup Offers

CRMLS #OC25188455

—
09/22/2025

Price Change

CLAW #OC25188455MR

$3,000,000
09/22/2025

Price Change

CRMLS #OC25188455

$3,000,000
08/21/2025

Listed (Active)

CRMLS #OC25188455

$3,075,000
08/14/2025

Listed (Active)

CLAW #OC25188455MR

$3,075,000
10/25/2023

Sold

CRMLS #PW23179115

$760,000
10/25/2023

Sold

CLAW #PW23179115MR

$760,000
10/10/2023

Pending

CRMLS #PW23179115

—
10/10/2023

Pending

CLAW #PW23179115MR

—
09/25/2023

Listed (Active)

CLAW #PW23179115MR

$1,195,000
09/25/2023

Listed (Active)

CRMLS #PW23179115

$1,195,000

For completeness, Compass often displays two records for one sale: the MLS record and the public record.

Schools near 616-618 South Van Ness Avenue

This home is within Santa Ana Unified School District.
Rating
School
Type
Grades
Distance
Pio Pico Elementary School
Public - K to 5
Julia C. Lathrop Intermediate School
Public - 6 to 8
Santa Ana High School
Public - 9 to 12
Nova Academy Early College High
Charter - 9 to 12
Rating
School
Distance
Pio Pico Elementary School
PublicK to 5

Julia C. Lathrop Intermediate School
Public6 to 8

Santa Ana High School
Public9 to 12

Nova Academy Early College High
Charter9 to 12

School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.

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No guarantee, warranty or representation of any kind is made regarding the completeness or accuracy of descriptions or measurements (including square footage measurements and property condition), such should be independently verified, and Compass expressly disclaims any liability in connection therewith. Photos may be virtually staged or digitally enhanced and may not reflect actual property conditions. Offers of compensation are subject to change at the discretion of the seller. No financial or legal advice provided. Equal Housing Opportunity.

Listing Courtesy of Johnny Chang Broker, Johnny Chang, DRE #01961748

Based on information from one of the following Multiple Listing Services: CRMLS, CLAW, I-Tech, ROWMLS, GPSMLS, SDMLS, VCRDS/PFAR, Idyllwild Association of Realtors, Ojai Valley Board of REALTORS and/or AVMLS. Information being provided is for the visitor’s personal, noncommercial use and may not be used for any purpose other than to identify prospective properties visitor may be interested in purchasing. The data contained herein is copyrighted by CRMLS, CLAW, I-Tech, ROWMLS, GPSMLS, SDMLS, VCRDS/PFAR, Idyllwild Association of Realtors, Ojai Valley Board of REALTORS and/or AVMLS is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited. Property information referenced on this web site comes from the Internet Data Exchange (IDX) program of the MLS. This web site may reference real estate listing(s) held by a brokerage firm other than the broker and/or agent who owns this web site. For the avoidance of doubt, the accuracy of all information, regardless of source, is deemed reliable but not guaranteed and should be personally verified through personal inspection by and/or with the appropriate professionals.