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Excellent Opportunity to own a Commercial building in the heart of Henninger Park in Historic Santa Ana along the well trafficked South Broadway corridor. This property boasts 3 units, each with their own electric meter, and a nearly 5:1 parking ratio with a fully enclosed and gated parking lot with up to 15 gated parking spaces and plenty of off-street parking as well. Bonus full sized basement allows for additional storage and access to all plumbing and electric for service, maintenance and repairs. There is huge upside in rents with the current tenants in 2 of the 3 units, who are on month-to-month lease well below market value. The third unit is in the process of being leased for a 12 month term. This property has very unique zoning (SD-40) which allows for either residential or a variety professional and retail commercial uses. Convert this property to residential units and really hit an income home-run with at least $6,000/month of pro forma gross income. Roof was replaced in 2017, all new ABS plumbing waste-lines in 2018, all copper plumbing throughout and a mini-split heat pump (HVAC) in unit 624 in 2018. This one won't last long, so come quick!
Property Type(s):
Commercial
| Last Updated | 11/13/2024 | Year Built | 1919 |
|---|---|---|---|
| Community | Santa Ana South of First | County | Orange |
Additional Details
| AIR | Heat Pump |
|---|---|
| AIR CONDITIONING | Yes |
| AREA | Santa Ana South of First |
| HEAT | Heat Pump, Wall Furnace |
| LOT | 6098 sq ft |
| LOT DESCRIPTION | Corner Lot |
| STORIES | 1 |
| TAXES | 4171 |
| UTILITIES | Electricity Available,Electricity Connected,Natural Gas Available,Natural Gas Connected,Sewer Available,Sewer Connected,See Remarks,Water Available,Water Connected |
| WATER | Public |
| ZONING | SD-40 |
Location
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Listed with Ardor Realty, Inc
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