5
See all 5 photos
$3,350,000
Est. payment /mo
0.25 Acres Lot
New
2014 S Main Santa Ana, CA 92707
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Key Details
Property Type Commercial
Sub Type Retail
Listing Status Active
Purchase Type For Sale
MLS Listing ID OC26167763
HOA Y/N No
Year Built 1957
Lot Size 0.250 Acres
Property Sub-Type Retail
Property Description
Prime Santa Ana Dual-Zoning Portfolio: Income & Development Upside
Rare investment opportunity to acquire two contiguous parcels featuring separate zoning and immediate cash flow in Santa Ana. The commercial asset at 2014 S. Main St ($2,400,000) features a 5,000 SF two-story building on a 5,900 SF lot, occupied by a long-term tenant. It delivers an immediate 4.00% CAP rate, scaling to 4.50% pro forma upon the next lease term.
Included in the portfolio is the adjacent rear parcel facing Sycamore St ($950,000), offering a 5,000 SF lot with R2 zoning. This land provides exceptional development potential for a duplex or a single-family home with an ADU. Purchase together to secure a unique blend of stable commercial yield and high-upside residential development.
Investment Highlights
Diversified Income Streams: Mitigate risk by combining commercial cash flow with new residential construction.
Built-In Upside: Immediate yield growth via an upcoming contractual lease increase.
Flexible Development: Capitalize on California's favorable ADU laws to build multiple residential units on the rear lot.
Rare investment opportunity to acquire two contiguous parcels featuring separate zoning and immediate cash flow in Santa Ana. The commercial asset at 2014 S. Main St ($2,400,000) features a 5,000 SF two-story building on a 5,900 SF lot, occupied by a long-term tenant. It delivers an immediate 4.00% CAP rate, scaling to 4.50% pro forma upon the next lease term.
Included in the portfolio is the adjacent rear parcel facing Sycamore St ($950,000), offering a 5,000 SF lot with R2 zoning. This land provides exceptional development potential for a duplex or a single-family home with an ADU. Purchase together to secure a unique blend of stable commercial yield and high-upside residential development.
Investment Highlights
Diversified Income Streams: Mitigate risk by combining commercial cash flow with new residential construction.
Built-In Upside: Immediate yield growth via an upcoming contractual lease increase.
Flexible Development: Capitalize on California's favorable ADU laws to build multiple residential units on the rear lot.
Location
State CA
County Orange
Area 69 - Santa Ana South Of First
Interior
Fireplace No
Laundry None
Exterior
Present Use Investment
Building
Lot Description 2-5 Units/Acre, Level, Paved
Story 2
Water Public
Others
Tax ID 01506810
Acceptable Financing Cash, Conventional, 1031 Exchange
Listing Terms Cash, Conventional, 1031 Exchange
Special Listing Condition Standard
Listed by Ron Tahan Gerald T Henberger, Broker 949-378-9173, DRE #01171405
Nearby Locations
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