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    849 N Van Ness Ave Santa Ana, CA 92701

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    For Sale
    $2,325,000

    Turnkey 6-unit apartment complex in Central Orange County.

    Lot size:
    0.20 Acres

    Property Features for 849 N Van Ness Ave

    General Information

    Lot size
    0.20 Acres

    Building Details

    Year built
    1979

    Source: Vanguard Property Group Agent Ed Diaz

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    Overview

    Santa Ana Multifamily Investment Opportunity

    This is a 6-unit apartment complex located in Central Orange County, specifically in an opportunity zone near the Civic Center, Courts, and the revitalized downtown retail and restaurant district of Santa Ana. The property features modern architecture and is designed as a turnkey investment. The unit mix includes four 2-bedroom, 1-bathroom units and two 1-bedroom, 1-bathroom units. Each unit is equipped with central air conditioning and heating, a single-car garage, additional on-site parking, a washer and dryer (combo unit), and a tankless water heater. Each unit is individually metered for electricity and gas. Interior renovations include new countertops, cabinetry, stainless steel appliances, planking, and paint. The property is suited for multifamily investors seeking a turnkey investment with near-market rental and capitalization rates.
    Insight Report Location Intelligence

    Current Use by Public Records

    Apartment buildings

    Suggested Use

    Restaurant Realty agency Law Firm Spa & Massage Hair Salon Dental Office Nail Salon Clothing Store Food Market Gym & Fitness

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Santa Ana
    County
    Orange
    State
    California
    Longitude
    -117.873356
    Latitude
    33.753403

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    FAQs

    What type of property is this?
    Apartment building - Turnkey 6-unit apartment complex in Central Orange County.
    Where is this apartment building located?
    The property is located at 849 N Van Ness Ave Santa Ana, CA.
    What is the asking price?
    The asking price for this property is $2,325,000.
    What are key features of this property?
    This property features: - Turnkey 6-unit apartment complex in Central Orange County, offering immediate rental income.; - Prime location in an opportunity zone, near the Civic Center, Courts, and revitalized downtown Santa Ana.; - Modern architecture with interior renovations: new countertops, cabinetry, stainless steel appliances, planking, and paint.
    (714) 446-0100
    Request Owner's contact information
    849 N Van Ness Ave Santa Ana, CA 92701
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    849 N Van Ness Ave Santa Ana, CA 92701
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