0.25 Acres Lot
0.25 Acres Lot
Key Details
Property Type Commercial
Sub Type Retail
Listing Status Active
Purchase Type For Sale
MLS Listing ID OC26167763
HOA Y/N No
Year Built 1957
Lot Size 0.250 Acres
Property Sub-Type Retail
Property Description
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.
Location
State CA
County Orange
Area 69 - Santa Ana South Of First
Interior
Fireplace No
Laundry None
Exterior
Present Use Investment
Building
Lot Description 2-5 Units/Acre, Level, Paved
Story 2
Water Public
Others
Tax ID 01506810
Acceptable Financing Cash, Conventional, 1031 Exchange
Listing Terms Cash, Conventional, 1031 Exchange
Special Listing Condition Standard
Nearby Locations
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