1001 N Van Ness AVE Active Save Request In-Person Tour Request Virtual Tour
Santa Ana,CA 92701
Key Details
Property Type Condo
Sub Type Apartment
Listing Status Active
Purchase Type For Sale
Square Footage 5,849 sqft
Price per Sqft $376
Subdivision ,Civic Center
MLS Listing ID PW24155809
Year Built 1964
Lot Size 9,626 Sqft
Property 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 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.
Location
State CA
County Orange
Area 70 - Santa Ana North Of First
Rooms
Ensuite Laundry Common Area
Interior
Laundry Location Common Area
Heating Electric
Cooling Electric
Flooring Carpet,Vinyl
Fireplaces Type None
Laundry Common Area
Exterior
Garage Assigned,Asphalt,Covered,Carport,Detached Carport,Driveway Level,On Site,Paved,Private,Uncovered
Pool None
Community Features Curbs,Sidewalks,Urban
Utilities Available Electricity Connected,Sewer Connected,Water Connected
View Y/N Yes
View Neighborhood
Building
Lot Description 2-5 Units/Acre,Front Yard,Garden,Landscaped,Level,Over 40 Units/Acre,Near Public Transit,Paved,Rectangular Lot,Street Level
Story 2
Foundation Slab
Sewer Public Sewer
Water Public
New Construction No
Others
Acceptable Financing 1031 Exchange
Listing Terms 1031 Exchange
Special Listing Condition Standard