For Sale
$2,390,000

3226 5Th StSanta Ana, CA 92703

Prime Santa Ana development opportunity, high NOI.

Overview

Added:
Dec 11, 2024
Days on market:
115
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.

Highlights

  • Exceptional redevelopment opportunity in Santa Ana, CA.
  • 33,533 SF site with two parcels (APN 198-261-25 & 198-261-24).
  • Currently leased, generating $114,000 NOI with a 4.77% cap rate.
  • Asking price: $2,390,000 ($71.59 PSF, $85 land PSF).
  • SP2 zoning allows multi-family development (up to 40 units/acre).

Property Details for 3226 5Th St

Property type
Industrial properties
Square Feet
880 SF

Location Insight

City
Santa Ana
County
Orange
State
California
Latitude
33.7484898
Longitude
-117.9128971
3226 5Th St, Santa Ana, California

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3226 5Th St
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