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

515 S Van Ness Avenue 513, Santa Ana, California 92701 home-pic-0
ACTIVE$950,000
515 S Van Ness Avenue 513, Santa Ana, California 92701
0Bed
0Bath
6,098Sqft
6,098Lot

Price Vs. Estimate

Estimation data not available

Key pros and cons

Top Pros:
Income-Generating Duplex: The property is a duplex with two separate 3-bedroom, 1-bathroom units, each featuring independent utilities, washer/dryer hookups, and garages, presenting an excellent investment opportunity in a low-vacancy area.
Top Cons:
Age of Structure: Built in 1939, the property's age, despite recent remodels, may still imply potential for underlying older infrastructure or systems not explicitly covered by the upgrades.

Compared to the nearby listings

Price:$950.0K vs avg $1.04M ($-90,000)43%
Size:6,098 sqft vs avg 2,634 sqft86%
Price/sqft:$156 vs avg $33814%

More Insights

Built in 1939 (86 years old).
Condition: Despite being built in 1939, the property has undergone an extensive and recent renovation, as explicitly stated in the description and visually confirmed by the images. Both units feature brand new roofs, modern kitchens with white shaker cabinets, stainless steel appliances (range, microwave hood, dishwasher), and new countertops. The bathrooms are also fully updated with modern vanities, toilets, new tiling, and a high-end multi-function shower panel. New dark vinyl oak flooring is installed throughout, and double-pane windows enhance energy efficiency. All visible components appear new or virtually new, meeting current quality standards with no deferred maintenance, aligning perfectly with the 'Excellent' condition criteria for a recently and extensively renovated property.
Year Built
1939
Close
-
List price
$950K
Original List price
$950K
Price/Sqft
$156
HOA
-
Days on market
-
Sold On
-
MLS number
OC25134977
Home ConditionExcellent
Features
Patio
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!!

Condition Rating
Excellent
Despite being built in 1939, the property has undergone an extensive and recent renovation, as explicitly stated in the description and visually confirmed by the images. Both units feature brand new roofs, modern kitchens with white shaker cabinets, stainless steel appliances (range, microwave hood, dishwasher), and new countertops. The bathrooms are also fully updated with modern vanities, toilets, new tiling, and a high-end multi-function shower panel. New dark vinyl oak flooring is installed throughout, and double-pane windows enhance energy efficiency. All visible components appear new or virtually new, meeting current quality standards with no deferred maintenance, aligning perfectly with the 'Excellent' condition criteria for a recently and extensively renovated property.
Pros & Cons

Pros

Income-Generating Duplex: The property is a duplex with two separate 3-bedroom, 1-bathroom units, each featuring independent utilities, washer/dryer hookups, and garages, presenting an excellent investment opportunity in a low-vacancy area.
Extensive Remodel & Upgrades: Recently remodeled with a brand new roof, dark vinyl oak flooring, modern kitchens equipped with stainless steel appliances, white cabinets, and dishwashers, plus double-pane windows, minimizing immediate maintenance needs.
Prime Location: Located in a relatively quiet part of Santa Ana, offering the benefits of urban living with close proximity to historic neighborhoods, entertainment, dining, and cultural points of interest.
Ample Parking: Each unit includes a separate car garage, supplemented by additional parking space next to the garage and an adjacent alleyway, which is a valuable asset in an urban setting.
Aesthetic Appeal: Features 'New England beach hut aesthetics' with beautiful landscaping, white paint, a gray roof, and a porch, enhancing its curb appeal and desirability.

Cons

Age of Structure: Built in 1939, the property's age, despite recent remodels, may still imply potential for underlying older infrastructure or systems not explicitly covered by the upgrades.
Lack of Air Conditioning: The description does not mention a cooling system (AC), which could be a significant drawback for comfort during warmer months in Santa Ana.
Unspecified Living Area: The total living square footage for the two units is not explicitly stated, with the provided 'sqft' matching the 'lot_size', making it difficult to accurately assess the interior space and value per square foot.

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