515 S Van Ness Avenue 513, Santa Ana, California 92701, Santa Ana, - bed, bath

home-pic
ACTIVE$950,000
515 S Van Ness Avenue 513, Santa Ana, California 92701
0Bed
0Bath
6,098Sqft
6,098Lot
Year Built
1939
Close
-
List price
$950K
Original List price
$950K
Price/Sqft
-
HOA
-
Days on market
-
Sold On
-
MLS number
OC25134977
Home ConditionGood
Features
View-

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!!

Neighborhood Comparison

 SubjectAverage HomeNeighbourhood Ranking (9 Listings)
Beds00
Baths00
Square foot6,0981,912
90%
Lot Size6,0986,388
30%
Price$950K$913K
50%
Price per square foot$156$497
10%
Built year19399620970
60%
HOA
Days on market141166
40%
Condition Rating
Good

The property was built in 1939 but has been remodeled. The kitchens feature stainless steel appliances and white cabinets. The bathrooms appear to be updated with modern fixtures. The flooring is vinyl oak. Overall, the property appears to be in good condition and move-in ready.
Pros & Cons

Pros

Excellent Investment Opportunity: The property is presented as a prime investment in a low-vacancy area, suggesting strong rental income potential.
Remodeled Units: Both units are remodeled, featuring modern kitchens with stainless steel appliances (cooking range, microwave hood, dishwasher) and updated flooring, increasing tenant appeal.
Separate Utilities: Each unit has separate utilities (washer/dryer hookups, water heaters, car garages, and utility meters), simplifying management and tenant billing.
New Roof: The property boasts a brand new roof, reducing immediate maintenance concerns and potential expenses.
Prime Location: Located in close proximity to the prestigious and historic neighborhood of Santa Ana, offering convenient access to urban amenities, entertainment, dining, and cultural attractions.

Cons

Year Built: Built in 1939, the property may have underlying structural or system issues common in older buildings, potentially requiring future upgrades or repairs.
Lot Size: The lot size is the same as the sqft of the building, which may limit outdoor space and potential for expansion or additional amenities.
Potential for Higher End Finishes: While remodeled, the finishes described (vinyl oak flooring, white cabinets) may not appeal to high-end renters or buyers seeking luxury finishes, potentially limiting rental income or resale value.

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