2525 Grand AveSanta Ana, CA 92705

Property Details for 2525 Grand Ave

Year built

1976

Lot size

3.75 AC

Property size (Sq ft)

39,018 SF

Property type

Community centers

APN

396-361-05

APU

39636105

Description

This 3.8-acre, 39,124 square foot shopping center in Santa Ana, CA presents a compelling redevelopment opportunity. Currently operating as a multi-tenant retail center with 38% occupancy and a Net Operating Income (NOI) of $207,062, the property offers significant upside potential. Built in 1976, the single-story Class B property features in-line shops and two single-tenant pad buildings, all visible from Grand Avenue. The flexible tenancy, with most tenants on month-to-month leases, allows for near-term redevelopment. The property's C5 Arterial Commercial zoning, combined with the 2022 General Plan Update allowing for residential development under the Urban Neighborhood (UN-30) designation and the Harbor Mixed Use Transit Corridor Specific Plan (HMUTC), unlocks a multitude of potential uses, including retail, hotel, residential, or mixed-use developments. Its central Orange County location provides easy access to major attractions, including Chapman University, Outlets at Orange, Disneyland, Honda Center, Angel Stadium, John Wayne Airport, and South Coast Plaza, enhancing its desirability and potential value. This infill location offers a rare chance to capitalize on the strong demand for development in this highly desirable area. The existing income stream from the current tenants provides a stable foundation for future redevelopment plans. This property is an exceptional investment for those seeking a value-add opportunity with significant upside potential.

• CAP approach

  CAP return

  Valuation

  6%

  $11,069,609

  6.5%

  $10,218,100

  7%

  $9,488,236

• Comparable approach

  Method

  Valuation

  Relative Method

  $12,365,020

  Geo Method

  $31,585,692

• Alternative Use

  Use

  Valuation

  Residential

  $8,619,350

  Hospitality

  $7,895,278

  Educational

  $6,568,779

  Medical

  $6,794,689

  Retail

  $10,218,100

Location Insight

City

Santa Ana

County

Orange

State

California

Latitude

33.7709

Longitude

-117.852

CBSA code

31080

CBSA name

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

Property Tax & Assessments

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