2020 1St StSanta Ana, CA 92705
- Commercial real estate
- 118,192 SF
Property Details for 2020 1St St
- Year built
- 1985
- Lot size
- 3.72 AC
- Property size (Sq ft)
- 118,192 SF
- Property type
- 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.
Valuation
by Paperhouses methods
- Valuation date:
- Dec 11, 2024
-
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
Comparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
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