2070 Tustin AveSanta Ana, CA 92705
- Other commercial real estate
- 9,792 SF
Property Details for 2070 Tustin Ave
- Year built
- 1980
- Lot size
- 0.22 AC
- Property size (Sq ft)
- 9,792 SF
- Property type
- Other commercial real estate
- APN
- 396-332-06
- APU
- 39633206
Description
This two-story, 9,032 square foot freestanding office building in Santa Ana, CA presents a unique owner-user opportunity. Located at 2070 N Tustin Ave, this property boasts a prime location near the 55, 5, and 22 freeways, offering easy access to major transportation routes and numerous nearby amenities. Built in 1981 and renovated in 2024, the building features a functional layout including a reception area, private offices, a conference room, open areas with cubicles, restrooms, and a kitchenette/employee lounge. The ground floor, approximately 4,016 square feet, is currently available for an owner-occupant, while the second floor (also approximately 4,016 square feet) is leased to a construction company through June 30, 2028, with two one-year lease options. The current monthly rent for the second floor is $7,875 gross, with a scheduled rent abatement in March 2025 and 3% annual increases starting May 1, 2025. The asking price is $3,425,000 ($379 per square foot). This property offers a compelling investment opportunity, allowing a buyer to lock in their occupancy costs and build equity. The building's configuration, with its vaulted ceilings and abundant natural light, makes it an attractive space for a variety of businesses. The prominent location on N Tustin Ave provides excellent visibility and signage opportunities. This sale satisfies an SBA loan requirement provided the new owner's company pays for 51% or more of the building income. A 25-year fully amortized 90% SBA loan is possible.
Valuation
by Paperhouses methods
- Valuation date:
- Dec 11, 2024
-
Alternative Use
- Use
- Valuation
- Residential
- $2,163,122
- Hospitality
- $1,981,408
- Educational
- $1,648,508
- Medical
- $1,705,203
- Retail
- $2,564,346
Location Insight
- City
- Santa Ana
- County
- Orange
- State
- California
- Latitude
- 33.7637
- Longitude
- -117.836
- 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
FAQs
- How do I add a non-forward facing team member such as a broker coordinator or broker aide to a listing in order to ensure they get notifications on the property?
- Please email our support team at [email protected] and they will add the team member.
- How do I access a private listing?
- Please contact the broker directly with the information provided on the listing. Once the broker approves your credentials he will make the information public to you.
- How can I contact the broker?
- We strongly encourage to message the broker through our portal by clicking on the “Envelope” icon next to the brokers photo on the property page. We’ve found brokers response time is much quicker via our messaging portal than phone as brokers are always on the go.
- How do I unsubscribe from emails?
- At the footer of each email you will find links to Reduce Email Frequency, Adjust Email Settings or Unsubscribe altogether. If you choose to Unsubscribe and are still receiving emails please reach out to us at [email protected].