400 4Th StSanta Ana, CA 92701

Property Details for 400 4Th St

Lot size

0.34 AC

Property type

Other commercial real estate

Property subtype

Showrooms

APN

398-507-08

APU

39850708

Description

This exceptional mixed-use property, located at the prime intersection of Fourth and French Streets in Santa Ana, California, presents a compelling investment opportunity. The two-story, 29,550-square-foot building, constructed in 1922 and renovated in 1996, boasts versatile SD-84 zoning, allowing for a range of uses including restaurant, storefront, and traditional office space. Currently at 15% occupancy, this Class B building offers significant upside potential. Situated within a rapidly evolving urban landscape, the property benefits from its proximity to over 3,400 approved or planned residential units within a half-mile radius, ensuring strong future demand. The 0.34-acre lot provides ample space, and the building's strategic location serves as a gateway to Downtown Santa Ana's vibrant core. The asking price is $8,200,000. The property features one building with two stories and a net rentable area of 29,550 square feet. The APN is 39850708. This is an owner/user investment opportunity in a thriving downtown area.

• CAP approach

  CAP return

  Valuation

  6%

  $5,982,748

  6.5%

  $5,522,538

  7%

  $5,128,070

• Comparable approach

  Method

  Valuation

  Relative Method

  $13,124,412

  Geo Method

  $13,124,412

• Alternative Use

  Use

  Valuation

  Residential

  $4,658,467

  Hospitality

  $4,267,130

  Educational

  $3,550,202

  Medical

  $3,672,300

  Retail

  $5,522,538

Location Insight

City

Santa Ana

County

Orange

State

California

Latitude

33.7477

Longitude

-117.864

CBSA code

31080

CBSA name

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

Property Tax & Assessments

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