$950,000

515 S Van Ness Ave Unit 513 Santa Ana, CA 92701

Heninger Park Neighborhood

Estimated payment $6,212/month

Total Views 6,040
6 Beds
2 Baths
1,597 Sq Ft
$595 Price per Sq Ft

Highlights

  • All Bedrooms Downstairs
  • Lawn
  • Recessed Lighting
  • Quartz Countertops
  • Living Room
  • Laundry Room

About This Home

Excellent Investment Opportunity!! Located at 515 and 513 S Van Ness Ave, Santa Ana, a prime area with low vacancy, this beautiful, remodeled Duplex boasts 2 separate dwellings with their own utilities and amenities. Surrounded in a relatively quiet part of Santa Ana, the property bears a resemblance to the New England beach hut aesthetics of beautiful landscape, white paint, gray roof, and a porch. Each of the units comes with 3 Bedrooms and 1 Full Bathroom. The dark Vinyl oak flooring in the living room upon entry emits an air of warmth and coziness, making it an ideal living space for a small family. The kitchen in each unit features a stainless steel cooking range, microwave hood, white cabinets, and dishwasher to boot. Awash in natural sunlight from the double pane windows, each unit is its own living space with separate washer/dryer hookups, separate water heaters, separate car garages, and separate utility meters, Brand New Roof. There is also ample space for parking next to the garage and the alleyway nearby. Located in close proximity to the prestigious and historic neighborhood of Santa Ana, you will enjoy the benefits of urban living combined with a wealth of entertainment, dining, and a host of other cultural points of interest just minutes away. Don't miss this opportunity!!

Listing Agent

Martin Le

eXp Realty of Southern California, Inc Brokerage Phone: 714-757-3593 License #02079519 Listed on: 06/16/2025

eXp Realty of Southern California, Inc

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1939 | Remodeled

Lot Details

  • 6,098 Sq Ft Lot
  • 1 Common Wall
  • Wood Fence
  • Landscaped
  • Lawn
  • Front Yard

Parking

  • 2 Car Garage
  • Parking Available
  • Rear-Facing Garage
  • Single Garage Door
  • Garage Door Opener
  • Gravel Driveway

Home Design

  • Duplex
  • Raised Foundation
  • Fire Rated Drywall
  • Shingle Roof
  • Stucco

Interior Spaces

  • 1,597 Sq Ft Home
  • 2-Story Property
  • Recessed Lighting
  • Living Room
  • Vinyl Flooring

Kitchen

  • Gas Range
  • Range Hood
  • <<microwave>>
  • Dishwasher
  • Quartz Countertops
  • Disposal

Bedrooms and Bathrooms

  • 6 Bedrooms
  • All Bedrooms Down
  • 2 Bathrooms

Laundry

  • Laundry Room
  • Washer and Gas Dryer Hookup

Utilities

  • Heating Available
  • Vented Exhaust Fan
  • Gas Water Heater

Listing and Financial Details

  • Legal Lot and Block 4 / 6
  • Tax Tract Number 567
  • Assessor Parcel Number 01013404
  • $543 per year additional tax assessments

Community Details

Overview

  • 2 Units

Building Details

  • 2 Leased Units
  • Rent Control
  • 2 Separate Electric Meters
  • 2 Separate Gas Meters
  • 1 Separate Water Meter
  • Insurance Expense $2,400
  • Water Sewer Expense $900
  • Operating Expense $3,400
  • Gross Income $73,800
  • Net Operating Income $70,400

Property Details

Home Type

Multi-Family

Year Built

Built in 1939 | Remodeled

Lot Details

0

Parking

2

Listing Details

  • CapRate: 7.41
  • Price Per Unit: 475000
  • Property Attached: Yes
  • Road Frontage Type: City Street
  • Road Surface Type: Paved
  • View: No
  • Water Sewer Expenses: 900.00
  • Architectural Style: Ranch
  • Property Condition: Updated/Remodeled
  • Property Sub Type: Duplex
  • Property Type: Residential Income
  • Parcel Number: 01013404
  • Year Built: 1939
  • Special Features: None

Interior Features

  • Fireplace: No
  • Interior Amenities: Quartz Counters, Recessed Lighting
  • Stories: 2
  • Entry Location: Front
  • Common Walls: 1 Common Wall
  • Flooring: Vinyl
  • Appliances: Yes
  • Entry Level: 1
  • Levels: Two
  • Price Per Square Foot: 594.87
  • Room Type: All Bedrooms Down, Kitchen, Laundry, Living Room, Main Floor Bedroom, Main Floor Primary Bedroom

Exterior Features

  • Foundation: Raised
  • Fence: Yes
  • Fencing: Wood
  • Pool Private: No
  • Roof: Shingle
  • Spa: No
  • Construction Materials: Drywall Walls, Stucco

Garage/Parking

  • Garage Spaces: 2.00
  • Parking: Yes
  • Parking Features: Gravel, Garage Faces Rear, Garage - Single Door, Garage Door Opener
  • Total Parking Spaces: 2.00

Utilities

  • Utilities: Electricity Available, Natural Gas Available, Sewer Available, Water Available
  • Heating: Yes
  • Laundry: Yes
  • Appliances: Dishwasher, Disposal, Gas Range, Gas Water Heater, Microwave, Range Hood, Vented Exhaust Fan, Water Heater
  • Heating Type: Electric
  • Laundry Features: Gas Dryer Hookup, Individual Room, Washer Hookup
  • Sewer: Public Sewer
  • Water Source: Public

Condo/Co-op/Association

  • Senior Community: No
  • Community Features: Sidewalks

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: Front Yard, Landscaped, Lawn
  • Lot Size Sq Ft: 6098.00
  • Lot Size Acres: 0.1400

Rental Info

  • Tenant Pays: Electricity, Gas

Multi Family

  • Gross Multiplier: 12.87
  • Gross Operating Income: 73800.00
  • Gross Scheduled Income: 73800.00
  • Gross Spendable Income: 73800.00
  • Insurance Expense: 2400.00
  • Lot Size Area: 6098.0000 Square Feet
  • Net Operating Income: 70400.00
  • Number Of Separate Electric Meters: 2
  • Number Of Separate Gas Meters: 2
  • Number Of Separate Water Meters: 1
  • Number Of Units Leased: 2
  • Number Of Units Total: 2
  • Number With Dishwasher: 2
  • Number With Disposal: 2
  • Number With Range: 2
  • Operating Expense: 3400.00
  • Rent Control: Yes
  • Total Actual Rent: 6200.00
  • Total Expenses: 3400.00

Tax Info

  • Tax Block: 6
  • Tax Census Tract: 749.01
  • Tax Lot: 4
  • Tax Tract Number: 567
  • TaxOtherAnnualAssessmentAmount: 543.00

Map

Range of Values:

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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Property History

Date Event Price Change Sq Ft Price
07/04/2025 07/04/25 For Sale $950,000 0.0% $595 / Sq Ft
07/03/2025 07/03/25 Off Market $950,000 -- --
06/16/2025 06/16/25 For Sale $950,000 -- $595 / Sq Ft
Source: California Regional Multiple Listing Service (CRMLS)

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: OC25134977

California Regional Multiple Listing Service (CRMLS)