This strategically located industrial-commercial development property in the heart of Santa Ana is now available. The low cost basis should provide significant upside after development and lease out of a new building. (The city plan shows zoning for light industrial and the owner reports that it may also allow commercial development of 6+ stories.) The expansive 30,055 square foot lot currently boasts two single-story buildings totaling 5,414 square feet. It is currently configured with 9-units that are approved as transitional housing, ensuring immediate income while a new buyer goes through the entitlement process. However, the true value of the property lies in its future potential under the City of Santa Anas West Santa Ana Blvd Specific Plan, which has this property zoned as FLEX-1.5 (Low-Industrial/Flex). This zoning opens doors to many potential uses, including, light industrial, office-industrial flex spaces, small-scale clean manufacturing, R&D, commercial retail, live-work units and more. The FLEX-1.5 zoning permits a maximum height of 3-stories and a generous 1.5 FAR (Floor Area Ratio). This should allow for approximately 45,000 buildable square feet and/or up to 30 dwelling units per acre, unlocking incredible value and flexibility for future development. Don
HIGHLIGHTS: Redevelopment Potential With Tremendous Upside / Possible Addition of ADU / Property is Zoned R-2 (Two-family residence). / Redevelopment examples may include Two (2), two-story condominium type duplex with garage. / The Property is currently composed of, (1) two-bedroom front single family residence, (4) rear units which include (1) 2 BDR unit, & (3) 3 BDR Units. / Example Redevelopment (2) townhomes with Three-bedroom units (4 units) + ADU Two-bedroom. Projected CAP Rate: 7.75%+/- / Current leasing rates for three-bedroom units in Santa Ana, range from $2,400 to $3,000, while two-bedroom lease rates range from $1,800-$2,200. / It is essential for buyers to conduct their own due diligence, including consulting with the City of Santa Ana Planning and Building Department. 3322 West Camille St. is a multifamily property located in the city of Santa Ana, CA. Situated on a large .37 acre lot, this property offers ample space and potential for various possibilities. Built in 1949, this multifamily property features a total of five (5) units, catering to a diverse range of tenants. Among the five (5) units, two (2) units are spacious 2-bedroom, 1-bathroom apartments, while the remaining three (3) units boast comfortable 3-bedroom, 1-bathroom layouts. With a mix of unit size
We are pleased to present an exceptional opportunity to acquire a commercial building strategically located in the prominent and sought-after city of Santa Ana. This versatile property offers immense potential for investors, entrepreneurs, and businesses seeking an ideal space to establish their operations. This commercial building enjoys high visibility and foot traffic, ensuring excellent exposure for any business. A generous parking lot on the premises ensures convenient access for both employees and customers, enhancing the overall business experience. The building's faade offers ample space for eye-catching signage, allowing businesses to establish a strong presence and attract passersby effectively. Given the property's commercial zoning and favorable location, there may be an opportunity for future expansion or redevelopment to further capitalize on its value.
Renovation/Redevelopment Potential: 12,348 SF CSM/R2 zoned site in the heart of the Historical South Main Commercial District. Street access from both Main Street and Sycamore Street. Currently a Live/Work Building of 2,739 SF of Commercial Retail space (total fixer) with good frontage on Main Street, plus a 540 SF Apartment upstairs with a separate entrance from outside on a 6,098 SF Lot zoned CSM; Also, an additional 4 Bed/2 Bath 1,108 SF SFR home (average-good condition for rental) on a rear adjoining 6,250 SF Lot Zoned R2. Total lot area for the two parcels combined is 12,348 SF, perfect for your redevelopment mixed use site or renovation for owner/users. Bring your unique business, art studio, or workshop to a live/work location in Central Orange County. Great for owner user to live on site in the SFR, rent the apartment and/or the house, use the commercial building for a business or rent it out as income producing investment property. Investors delight; rent all three separately to maximize rents or together to make things simple. See MLS #LG23124456 for more details on the SFR offered together with this Commercial Building. We have contractors bids for renovation work needed to mitigate the City Red Tag Items; Detailed Estimates are available for qualified buyers.
Owner-user offering. Asking price of $4,995,000 ($267/sf based on 18,716 square feet). Priced significantly below other offerings in the same office park. Owner-user opportunity with high ceilings and abundant natural light. Functional mix of open area and private offices. Convenient, plentiful surface parking. Short drive to The District, Diamond Jamboree, and South Coast Plaza. Close proximity to the 55 Freeway and Dyer Road, near John Wayne Airport
Location! Location! Location! Work in the heart of Santa Ana close to it all - Downtown, Courthouse, Mainplace Mall, 5, 55, 22, 57 freeways and more! Light and bright! Freshly renovated space includes brand new flooring, paint and built in shelves for file storage/office supply storage. 2 private offices with a large conference room (easily could be used as a 3rd office) with floor to ceiling windows, front waiting room with a reception area complete with pass through window and space for 2 desks, open area could be used as copy room/break area. Ample parking available. HOA covers building security, cleaning, water, trash. Current owners do not use interior plumbing, but there is a water line for a sink easily available. Zoning is P district which includes but not limited to: professional, business, administrative, financial, medical, travel, art gallery etc. See supplements for zoning map and complete list.
***PRICE REDUCTION!!! Tremendous opportunity to purchase commercial property in Santa Ana - 1260sf building currently used as small business showroom. This property has 2 offices, reception desk, kitchen, and full bath with shower. Open floor plan includes plenty of light, 9 foot ceilings, and recently tiled flooring. The property is gated, includes 6 parking spaces, active security with cameras, and only 5 minutes from both the Interstate 5 and 55 Freeways. Priced to sell quickly!
