3226 5Th St Santa Ana, CA 92703

This exceptional redevelopment opportunity encompasses two properties at 3226 & 3230 W 5th St, Santa Ana, CA 92703, totaling 33,533 square feet. Currently occupied by a single tenant under a gross lease with a remaining term of approximately 3.1 years (expiring December 31, 2027), the property generates a strong net operating income (NOI) of $114,000, representing a 4.77% cap rate. The asking price is $2,390,000, translating to $2,715.91 per square foot and $85 per square foot of land value. The combined building area is 880 square feet. The properties are zoned SP2 (Harbor Mixed Use Transit Corridor Specific Plan), allowing for multi-family residential development (up to 40 units per acre). Grandfathered uses include towing and auto salvage. Located in an opportunity zone, this site presents substantial tax benefits and community impact potential. Clear environmental reports are available. This property is ideal for owner-users, investors, or developers seeking a high-return investment in a prime Santa Ana location. The parcel numbers are APN 198-261-25 and APN 198-261-24.