1001 North Van Ness Avenue
$2,200,000
3
10
5,849
5,849
$376
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...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 Carl Reinhart • DRE #00647355 • Brokerage DRE #00647355 • Carl Reinhart, Broker • 714-404-8020
- Listed by Ritu Dewan • DRE #02063518 • Brokerage DRE #01897784 • CENTURY 21 Affiliated
Property Details for 1001 North Van Ness Avenue
View
Neighborhood
Parking Spaces Total12
Private PoolNo
Cooling TypeElectric
Total Units9.0
Building TypeAttached
Lot Size SourceAssessor
Living Area5849
LISTING UPDATED: 10/22/2024 10:44 AM
Property Details for 1001 North Van Ness Avenue
Status | Active |
---|---|
MLS # | PW24155809 |
Days on Market | 75 |
Taxes | - |
HOA Fees | - |
Condo/Co-op Fees | - |
Compass Type | Multi Family |
MLS Type | Residential Income |
Year Built | 1964 |
County | Orange County |
Building Information for 1001 North Van Ness Avenue
Building/Complex1001 N Van Ness AveFloor-Stories2Residences-Pet Policy-Year Built1964Building Size-
Property Information for 1001 North Van Ness Avenue
Property History for 1001 North Van Ness Avenue
Date | Event & Source | Price | Appreciation |
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Date | Event & Source | Price |
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For completeness, Compass often displays two records for one sale: the MLS record and the public record.
Schools near 1001 North Van Ness Avenue
This home is within Santa Ana Unified School District.
Rating | School | Type | Grades | Distance |
---|---|---|---|---|
Public - | K to 5 | |||
Public - | 6 to 8 | |||
Public - | 9 to 12 | |||
Charter - | K to 8 |
Rating | School | Distance |
---|---|---|
Heroes Elementary School PublicK to 5 | ||
Willard Intermediate School Public6 to 8 | ||
Santa Ana High School Public9 to 12 | ||
El Sol Santa Ana Science And Arts Academy CharterK to 8 |
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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