Discover a premier turnkey investment opportunity at 616-618 S Van Ness Ave, nestled in Santa Ana's vibrant Heninger Park neighborhood. This multifamily property boasts modern upgrades and robust income potential, making it a compelling choice for savvy investors seeking high ROI. With four fully remodeled units in the front two buildings and four brand-new units in the two ADU structures, this property offers a total of eight units designed for maximum profitability.
Unleash the potential of this property, completed in June 2025, with its newly constructed ADUs exempt from Santa Ana rent stabilization. This exemption allows for flexible rental pricing strategies, giving investors the freedom to optimize revenue streams. Each unit features upgraded electrical systems, modern amenities such as tankless water heaters, and energy-efficient solar panels for select units, ensuring a hassle-free ownership experience.
Elevate your investment portfolio with this turnkey asset strategically located just one mile from downtown Santa Ana. Residents will enjoy easy access to schools, restaurants, and retail establishments, enhancing the property's desirability and long-term value. The low-maintenance design, complete with artificial grass and tenant-managed landscaping, adds to the property's appeal and minimizes upkeep costs.
Heninger Park Neighborhood
Heninger Park, a historic gem in Santa Ana, California, is a vibrant neighborhood known for its early 20th-century Craftsman, Colonial Revival, and Victorian homes, fostering a tight-knit community near the city’s downtown. Designated a historic district in 1986, it blends suburban charm with urban accessibility, boasting a WalkScore of 89, making it a “walker’s paradise” with easy access to Main Street and Historic 4th Street’s vibrant amenities, including Mariscos La Sirena for ceviche, The Mill Bakery for Mexican pastries, and The Frida Cinema for indie films. Green spaces like Birch Park and Pacific Electric Park, with its two-mile urban trail, enhance recreation, while schools like Santa Ana High School and Heninger Elementary anchor the community. With median home prices around $800,000 and active neighborhood engagement through the Heninger Park Neighborhood Association, this area offers a unique mix of historic allure and modern convenience.
Santa Ana Highlights
The property is located in the heart of Santa Ana, a city known for its rich cultural heritage and vibrant community.
Nearby amenities include the Santa Ana Zoo, offering a fun and educational experience for families, and the Bowers Museum, showcasing a diverse collection of art and cultural exhibits.
The property is in close proximity to numerous dining options, such as the popular Fourth Street Market and the historic Old Vine Cafe, providing a variety of culinary experiences for residents and visitors.
Santa Ana is home to several parks and recreational areas, including Santiago Park and Centennial Regional Park, offering green spaces and outdoor activities for residents to enjoy.
The city boasts a convenient location with easy access to major freeways, such as the I-5 and SR-55, facilitating transportation and connectivity to surrounding areas in Orange County.
