2020 1St StSanta Ana, CA 92705

Property Details for 2020 1St St

Year built

1985

Lot size

3.72 AC

Property size (Sq ft)

118,192 SF

Property type

Other commercial real estate

APN

402-191-03

APU

40219103

Description

This exceptional redevelopment opportunity presents a 111,483-square-foot, Class A, vacant office building situated on a 3.72-acre lot in Santa Ana, California. Built in 1985 and renovated in 2020, this multi-tenant property is ideally positioned within the recently updated Metro East Mixed-Use (MEMU) Overlay zone, allowing for both for-sale and multi-housing development. The property's zoning permits Live/Work units (with a minimum of three stories and "Shopkeeper Units" facing First Street) and Multiple-Family Residential development with no height or density restrictions. This presents a unique chance to capitalize on the significant residential development already underway in the surrounding area. The property's location within the Active Urban District of the MEMU Overlay offers substantial advantages. Its proximity to Santa Ana's historic core, undergoing significant gentrification, provides access to numerous amenities including the Artists Village, Historic East End, and various educational, cultural, and entertainment venues. Furthermore, the property benefits from excellent multimodal transportation access, being minutes away from the Santa Ana Regional Transportation Center (SARTC), Disneyland, Main Place Mall, and the Bowers Museum. The OC Streetcar further enhances connectivity. The location within the Tustin Unified School District is another key advantage. The property's asking price is $21,739,185, translating to $195 per square foot. With a population of nearly 2 million people within a 10-mile radius and an annual household spending exceeding $54.3 billion, this presents a compelling investment opportunity in a thriving market. The property's address is 2020 E 1st St, Santa Ana, CA 92705.

• Alternative Use

  Use

  Valuation

  Residential

  $37,209,808

  Hospitality

  $34,083,984

  Educational

  $28,357,474

  Medical

  $29,332,730

  Retail

  $44,111,624

Location Insight

City

Santa Ana

County

Orange

State

California

Latitude

33.7445

Longitude

-117.838

CBSA code

31080

CBSA name

LOS ANGELES-LONG BEACH-ANAHEIM, CA METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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