1529 N Van Ness, Santa Ana, California 92706, Santa Ana, 92706 - 0 bed, 0 bath
Loading property details...
1529 N Van Ness
Santa Ana, California 92706
ACTIVE
CONDITION: FAIR
0Beds
0Baths
1,863Sq Ft
9,736Lot Size
Property Price
LIST PRICE$895,000
EST. MARKET VALUE
$950,050
5% BelowMARKET VALUE
SUMMARY
This duplex represents a High-Potential Investment Opportunity, listed at a List Price of $1,100,000—positioned well below the $1,097,995 Fair Market Value (effectively at market). With a Condition Rating of 4, this Residential Income asset offers significant value-add potential through its expansive 9,736 sq. ft. lot, which is primed for an ADU addition. Delivered vacant, it allows for immediate market-rate leasing. This is an ideal acquisition for Buy-and-Hold Investors or Owner-Occupants looking to leverage the property's central Santa Ana location and rental upside.
Estimated Market Value
$950,050+$55,050 Equity Potential
Based on Realkey algorithm analyzing recent comparable sales in Santa Ana.
Comparable Sales Map
Comparables within 1 miles sold in recently
Map unavailable.
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 1529 N Van Ness Subject | $895,000* List Price | 0 | 0 | 1,863 | $510 | - |
A 801 W 17th Street Sold | $852,500 | 2 | 2 | 1,574 | $542 | 0.2 mi |
B 2128 N Bristol Street Sold | $725,000 | 0 | 0 | 1,600 | $453 | 0.8 mi |
C 207 W Buffalo Avenue Active | $925,000 List Price | 0 | 0 | 1,968 | $470 | 0.5 mi |
* Subject property listed price vs sold prices of comps.
Condition Analysis
See Full ReportOVERALL CONDITION SCORE
Fair
TeardownExcellent
Property is moderate renovation needed.
Built in 1948, this duplex is significantly dated, featuring older linoleum tile, wood paneling, and original hardwood floors in need of refinishing. While the listing states it is 'rent ready' and windows have been replaced, the interior finishes and systems appear to be well over 20 years old, requiring cosmetic and functional updates to kitchens and bathrooms to reach modern standards.
PROSSTRENGTHS & OPPORTUNITIES
- Development Potential
The expansive 9,736 sq. ft. lot offers significant value-add potential, providing ample space to construct an Accessory Dwelling Unit (ADU) to increase total rental yield.
- Immediate Market Rent
Delivered vacant, the property allows a new owner to bypass tenant relocation issues and immediately lease both units at current market rates, projected at $5,500 total monthly.
- Prime Central Location
Situated in the heart of Santa Ana near the Artists Village and 4th St. Renaissance, the property benefits from high tenant demand and proximity to major urban amenities.
CONSRISKS & DEFICIENCIES
- Recently Sold Property
The property was recently sold within the past year on 2026-07-02. The sold price is $750,000.00.
- Utility Configuration
The units share a single water meter, which complicates utility billing and may result in higher non-reimbursable operating expenses for the owner.
- Vintage Infrastructure
Built in 1948 and described in 'basic' condition, the property may require near-term capital improvements to aging systems typical of mid-century construction.
About 1529 N Van Ness
Great Bread and Butter Duplex. Each unit is approximately 930 Sq ft. , per Public Records. Buyer to verify. The lot is nearly 10,000 sq. ft., per public records. Buyer to verify. 2 one car garages at rear of property. Alley access to garages. Pedestrian access from garage to units. One major point on this with this large of a lot is that the potential for an ADU certainly exists. Each unit is 2 bedrooms, 1 bath. Property is in clean basic rent ready condition, or live in one and rent the other. 2 electric meters, 2 gas meters, 1 water meter. Original windows were replaced. Close to urban and downtown amenities. Center of Santa Ana in the heart of Orange County. 5 minute drive to 4th St. Renaissance . Artists Village, Main Place Mall, Santa Ana College. Property is delivered vacant in order that the new owner can rent at market rent, which is believed to be $2750 a unit. Buyer to conduct their own rent survey. Pro Forma $66,000 a year or owner occupy
Property Details
Public Facts
- Property Type
- Duplex
- Year Built
- 1948
- Lot Size
- 9,736 Sq. Ft.
Interior
- Total Bedrooms
- 0
- Total Bathrooms
- -
Exterior & Parking
No exterior & parking available.
Utilities & Misc
- HOA Fee
- $0 / Month
Neighborhood Insights
Santa Ana Unified Schools
Wallace R. Davis Elementary School
Grades K-5 • 0.5 mi
2/10
Wilson Elementary School
Grades K-5 • 0.6 mi
5/10
Heroes Elementary School
Grades K-5 • 0.7 mi
3/10
Sensitive Facilities
No sensitive facilities data found.
Neighborhood Comparison
| Feature | Subject | Average Home |
|---|---|---|
| Beds | 0.0 | 4.0 |
| Baths | 0.0 | 2.1 |
| Square foot | 1,863 | 1,895.889 |
| Lot Size | 9,736 | 28,507.667 |
| Price | $895.0K | $911.2K |
| Price per sq ft | $480 | $477 |
| Built year | 1948 | 1956 |
| HOA | $0 | $438 |
| Days on market | 40 | 83 |
Pricing History
Listed for Sale
Sep 1, 2026
$895,000
$950,000
-6% Price Drop
Initial Listing
Price Change
Aug 24, 2026
$950,000
$995,000
-5% Price Drop
Initial Listing
Price Change
Aug 18, 2026
$995,000
$1,050,000
-5% Price Drop
Initial Listing
Price Change
Aug 12, 2026
$1,050,000
$1,100,000
-5% Price Drop
Initial Listing
Price Change
Jul 31, 2026
$1,100,000
Initial Listing
Sold
Jul 2, 2026
$750,000
Public Record