1001 N Van Ness Ave Santa Ana, CA 92701
Willard Neighborhood
3
Beds
3
Baths
5,849
Sq Ft
9,627
Sq Ft Lot
Highlights
- Property is near public transit
- Neighborhood Views
- Cooling Available
- No HOA
- Balcony
- Living Room
About This Home
As of January 2025The 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.
Last Agent to Sell the Property
Carl Reinhart, Broker Brokerage Phone: 714-404-8020 License #00647355 Listed on: 07/30/2024
Last Buyer's Agent
BERKSHIRE HATHAWAY HOMESERVICES CALIFORNIA REALTY License #02213085
Property Details
Home Type
- Multi-Family
Year Built
- Built in 1964
Lot Details
- 9,627 Sq Ft Lot
- Two or More Common Walls
- Landscaped
- Rectangular Lot
- Paved or Partially Paved Lot
- Level Lot
- Garden
- Front Yard
- Density is 2-5 Units/Acre
Home Design
- Apartment
- Cosmetic Repairs Needed
- Slab Foundation
- Frame Construction
- Stucco
Interior Spaces
- 5,849 Sq Ft Home
- 2-Story Property
- Living Room
- Neighborhood Views
- Fire and Smoke Detector
Kitchen
- Electric Oven
- Electric Range
- Formica Countertops
- Disposal
Flooring
- Carpet
- Vinyl
Bedrooms and Bathrooms
- 3 Bedrooms
- 3 Bathrooms
Laundry
- Laundry Room
- Dryer
- Washer
- 220 Volts In Laundry
Parking
- 6 Open Parking Spaces
- 12 Parking Spaces
- 6 Detached Carport Spaces
- Parking Available
- Driveway Level
- Paved Parking
- Assigned Parking
Outdoor Features
- Balcony
Location
- Property is near public transit
- Urban Location
Utilities
- Cooling Available
- Heating Available
- Electric Water Heater
Listing and Financial Details
- Tenant pays for electricity, gas, parking fee, telephone
- Legal Lot and Block 10 / 4
- Tax Tract Number 93
- Assessor Parcel Number 39853504
Community Details
Overview
- No Home Owners Association
- 9 Units
Amenities
- Laundry Facilities
Building Details
- 9 Leased Units
- Rent Control
- 10 Separate Electric Meters
- 1 Separate Gas Meter
- 1 Separate Water Meter
- Electric Expense $7,620
- Insurance Expense $4,820
- Maintenance Expense $4,298
- Other Expense $2,500
- Pest Control $508
- Professional Management Expense $750
- Trash Expense $1,800
- Water Sewer Expense $5,400
- New Taxes Expense $25,165
- Operating Expense $52,861
- Gross Income $1,272
- Net Operating Income $106,948
Similar Homes in Santa Ana, CA
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Home Values in the Area
Average Home Value in this Area
Property History
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 01/31/2025 01/31/25 | Sold | $2,100,000 | -4.5% | $359 / Sq Ft |
| 12/01/2024 12/01/24 | Pending | -- | -- | -- |
| 09/14/2024 09/14/24 | For Sale | $2,200,000 | +4.8% | $376 / Sq Ft |
| 08/05/2024 08/05/24 | Off Market | $2,100,000 | -- | -- |
| 07/30/2024 07/30/24 | For Sale | $2,200,000 | -- | $376 / Sq Ft |
Source: California Regional Multiple Listing Service (CRMLS)
Tax History Compared to Growth
Agents Affiliated with this Home
-
Carl Reinhart
C
Seller's Agent in 2025
Carl Reinhart
Carl Reinhart, Broker
(714) 404-8020
1 in this area
14 Total Sales
-
Ritu Dewan
Seller Co-Listing Agent in 2025
Ritu Dewan
CENTURY 21 Affiliated
(702) 448-4668
1 in this area
18 Total Sales
-
Christine Smith
Buyer's Agent in 2025
Christine Smith
BERKSHIRE HATHAWAY HOMESERVICES CALIFORNIA REALTY
(909) 936-5380
1 in this area
7 Total Sales
Map
Source: California Regional Multiple Listing Service (CRMLS)
MLS Number: PW24155809
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Based on information from California Regional Multiple Listing Service, Inc. and /or other sources. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information
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