$748,888
Under Contract626 S Broadway
Santa Ana CA 92701
2,021
SF
Mixed Use
Type
1919
Built
$371/SF
Cost/SF
Listing Agent
Location Analysis
About This Property
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. Each unit has its own private bathroom. 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 all the current tenants on month-to-month leases well below market value. 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. Parking lot was completely repaved and striped in 2025. This one won't last long, so come quick!
Property Information
Property Overview
Commercial - MixedUse
Property Type
ActiveUnderContract
Status
0.14 acres
Lot Size
3
Total Units
2,021 SF
Square Footage
$370.55/SF
Price per SF
4.27%
Cap Rate
$34K
NOI
$4,171
Annual Tax
1,919
Year Built
1
Stories
15
Parking Total
7.42
Parking Ratio
Property Highlights
N/A Property
Prime Location with High Visibility
4.27% Cap Rate
Location Analysis
Building Details
Zoning & Use
Parking & Access
Utilities & Systems
Investment Metrics
4.27%
Cap Rate
$34,135
NOI
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Closed commercial sales reported, newest first.
CRMLS
MLS# OC26051319
Listed:
Nalren refreshed:
Last updated
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Listed by: Ardor Realty, Inc
Equal Housing Opportunity
Advertising Broker: Nalren Corp (CA DRE #02423715)
Licensed in the state of California
Nalren Corp (CA DRE #02423715) is the Advertising Broker for this IDX display. We are not the listing broker for this property. The listing broker/agent information is shown above. Contact the listing agent for inquiries.