Renovated Duplex on Corner
604 S Van Ness Avenue Santa Ana, CA 92701
For Sale
$775,000
MULTI_FAMILY - Santa Ana, CA
Property Size1,296 SF
Lot Size0.10 Acres
Price / SF$597.99
Days on Market155
Property Features for 604 S Van Ness Avenue
General Information
Property type
Residential Multi Family
Property subtype
Duplex
Bedrooms
1
Bathrooms
1
Rooms
Bathroom 1, Bedroom 1
Parking
3
Parking features
Garage
Appliances
Disposal, Microwave, Range Hood, Gas Range
Standard status
Active
APN
01016308
Lot size
0.10 Acres
Utilities
Sewer type
Public Sewer
Heating system
Ductless (Heating)
Cooling system
Ductless
Water source
Public
Building Details
Year built
1922
Floors in Building
1
Number of units
2
Flooring type
Tile
Building materials
Wood Siding
Roof type
Composition
Listing Agency:
eXp Realty of California Inc
(888) 584-9427
Listed By:
Daniel Poon · License #01897213
(714) 720-6088
Added: Feb 24
Changed: Jul 29
Last Checked: Jul 29 at 3:06PM
MLS# OC26037982
Copyright © 2026 California Regional Multiple Listing Service, Inc. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
This beautifully renovated duplex includes two single-story units designed side by side, with each unit offering a 1-bedroom, 1-bath layout. The property was fully renovated in 2023 with permitted upgrades and modern finishes, including new water heaters, dual-pane windows, energy-efficient mini-split A/C systems, fresh interior and exterior paint, tile flooring, remodeled bathrooms, and upgraded modern kitchens.
Set on a corner lot, the duplex provides a one-car garage space with an extended driveway for additional parking. The garage structure is shared with the neighboring property, while the two units maintain practical separation.
The duplex is currently occupied by long-term tenants, and the improvements are positioned to support straightforward, low-maintenance operations for an income-producing rental property.
Set on a corner lot, the duplex provides a one-car garage space with an extended driveway for additional parking. The garage structure is shared with the neighboring property, while the two units maintain practical separation.
The duplex is currently occupied by long-term tenants, and the improvements are positioned to support straightforward, low-maintenance operations for an income-producing rental property.
Key Highlights
- Fully renovated duplex completed in 2023, with permitted upgrades and tenant occupancy
- Two side‑by‑side 1‑bedroom, 1‑bath units (single‑story) with tile flooring throughout
- Each unit includes approx. 648 SF of living space with modern kitchen and remodeled bathrooms
Financial Insights For Multifamily LT 5
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $42.0k | $32.40 |
| − Vacancy | −$1.9k | −$1.46 |
| EGI | $40.1k | $30.94 |
| − OpEx | −$12.0k | −$9.28 |
| NOI | $28.1k | $21.66 |
1,296 SF · lease $32.40/SF/yr · vacancy 4.50% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$401.0K
$350.9K – $467.9K
NOI $28,071 @ 7.0% cap · market cap 3.62%
Second Best
Apartment 5plus
$368.0K
$322.0K – $429.3K
NOI $25,758 @ 7.0% cap · market cap 3.32%
Theoretical Best
—
—
same as Best Use
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use
Frequently Asked Questions
What type of property is this?
Duplex - Renovated duplex with two side-by-side 1-bedroom, 1-bath units, dual-pane windows, and mini-split A/C.
Where is this duplex located?
The property is located at 604 S Van Ness Avenue Santa Ana, CA.
What is the asking price?
The asking price for this property is $775,000.
What are key features of this property?
This property features: Fully renovated duplex completed in 2023, with permitted upgrades and tenant occupancy; Two side‑by‑side 1‑bedroom, 1‑bath units (single‑story) with tile flooring throughout; Each unit includes approx. 648 SF of living space with modern kitchen and remodeled bathrooms
