1920 Warner AveSanta Ana, CA 92705

Property Details for 1920 Warner Ave

Year built

1980

Property size (Sq ft)

5,280 SF

Property type

Office properties

Property subtype

Other office properties

APN

930-854-13

APU

93085413

Description

This exceptional 3,696-square-foot industrial property, located at 1920 Warner Ave in Santa Ana, California (zip code 92705), presents a compelling investment opportunity. Built in 1985, the building boasts a prime location within the Irvine Business Complex, offering immediate access to the 5, 55, and 405 freeways and proximity to John Wayne Airport. The property is situated adjacent to "The Row," a significant development encompassing approximately 11,100 new residential units and 60,000 square feet of commercial space, promising future growth and increased value. Currently configured as two separate units (G and H), each approximately 1,848 square feet, with independent entrances, restrooms, and electrical systems, the building offers flexibility. Unit G is owner-occupied and will be vacant upon sale, while Unit H is leased until April 2025, with the tenant potentially open to extending their lease. Both units feature complete HVAC systems with permits, and can be easily converted back to warehouse space if desired. The property includes two ground-level doors, upgrades throughout, and skylights. It's zoned Light Industrial (M-1) and is located in a Commercial Cannabis zone (verification recommended). The asking price is $1,681,680, translating to $386.99 per square foot. Please respect tenant privacy and do not disturb occupants.

• CAP approach

  CAP return

  Valuation

  6%

  $1,452,258

  6.5%

  $1,340,546

  7%

  $1,244,792

• Comparable approach

  Method

  Valuation

  Relative Method

  $1,858,402

  Geo Method

  $1,858,402

• Alternative Use

  Use

  Valuation

  Residential

  $1,662,276

  Hospitality

  $1,522,636

  Educational

  $1,266,816

  Medical

  $1,310,383

  Retail

  $1,970,602

Location Insight

City

Santa Ana

County

Orange

State

California

Latitude

33.7123

Longitude

-117.841

CBSA code

31080

CBSA name

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

Property Tax & Assessments

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