2014 S Main, Santa Ana, CA 92707
- $3,350,000
- List Price
- $3,350,000
- Status
- ACTIVE
- MLS#
- OC26167763
- Year Built
- 1957
- Lot Size
- 10,900
- Acres
- 0.25
- Lot Location
- 2-5 Units/Acre, Level, Paved
- Days on Market
- 14
- Property Type
- Commercial
- 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.
Additional Information
- Water
- Public
- Attached Structure
- Detached
Listing courtesy of Listing Agent: Ron Tahan (rtahan@gmail.com) from Listing Office: Gerald T Henberger, Broker.
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