Prime Santa Ana Dual-Zoning Portfolio: Income & Development Upside Rare investment opportunity to acquire two contiguous parcels featuring separate zoning and immediate cash flow in Santa Ana. The commercial asset at 2014 S. Main St ($2,400,000) features a 5,000 SF two-story building on a 5,900 SF lot, occupied by a long-term tenant. It delivers an immediate 4.00% CAP rate, scaling to 4.50% pro forma upon the next lease term. Included in the portfolio is the adjacent rear parcel facing Sycamore St ($950,000), offering a 5,000 SF lot with R2 zoning. This land provides exceptional development potential for a duplex or a single-family home with an ADU. Purchase together to secure a unique blend of stable commercial yield and high-upside residential development. Investment Highlights Diversified Income Streams: Mitigate risk by combining commercial cash flow with new residential construction. Built-In Upside: Immediate yield growth via an upcoming contractual lease increase. Flexible Development: Capitalize on California's favorable ADU laws to build multiple residential units on the rear lot.
| MLS # | OC26167763 |
|---|---|
| Listing Type | For Sale |
| Style | Retail |
| Sub-Type | Resale |
| Status | Active |
| Year | 1957 |
| Days On Site | 36 |
| Listing Provided By | Gerald T Henberger, Broker | Ron Tahan |
| SQ Feet | 5,895 |
|---|---|
| Story(s) | 2 |
| Acreage | 0.25 |
| Lot Features | Two To Five Units Acre, Level, Paved |
|---|
| State | CA |
|---|---|
| County | Orange |
| City | Santa Ana |
| Zip Code | 92707 |
| Area | 69 Santa Ana South of First |
| Listing VS Median (in 92707) | |
Price: $3,350,000 low | high Med: $895,000 sqft: 5,895 low | high Med: 1,548 $ / sqft: $568 low | high Med: $578 On site: 36 low | high Med: 113 | |
| State | CA |
|---|---|
| County | Orange |
| City | Santa Ana |
| Zip Code | 92707 |
| Area | 69 Santa Ana South of First |
| Listing VS Median (in 92707) | |
Price: $3,350,000 low | high Med: $895,000 sqft: 5,895 low | high Med: 1,548 $ / sqft: $568 low | high Med: $578 On site: 36 low | high Med: 113 | |