$899,900
626 S Broadway Santa Ana, CA 92701
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Listed by Brendan Kane • Ardor Realty, Inc
$899,900
Est. payment /mo
2,021 SqFt
New
626 S Broadway Santa Ana, CA 92701
In-PersonVirtual Tour
UPDATED:
11/15/2024 03:42 AM
Key Details
Property Type Commercial
Sub Type Mixed Use
Listing Status Active
Purchase Type For Sale
Square Footage 2,021 sqft
Price per Sqft $445
MLS Listing ID CROC24233577
HOA Y/N No
Originating Board Datashare California Regional
Year Built 1919
Lot Size 6,098 Sqft
Property Description
Excellent Opportunity to own a Commercial building in the heart of Henninger Park in Historic Santa Ana along the well trafficked South Broadway corridor. This property boasts 3 units, each with their own electric meter, and a nearly 5:1 parking ratio with a fully enclosed and gated parking lot with up to 15 gated parking spaces and plenty of off-street parking as well. Each unit has its own private bathroom. Bonus full sized basement allows for additional storage and access to all plumbing and electric for service, maintenance and repairs. There is huge upside in rents with the current tenants in 2 of the 3 units, who are on month-to-month lease well below market value. The third unit is in the process of being leased for a 12 month term. This property has very unique zoning (SD-40) which allows for either residential or a variety professional and retail commercial uses. Convert this property to residential units and really hit an income home-run with at least $6,000/month of pro forma gross income. Roof was replaced in 2017, all new ABS plumbing waste-lines in 2018, all copper plumbing throughout and a mini-split heat pump (HVAC) in unit 624 in 2018. This one won't last long, so come quick!
Location
State CA
County Orange
Interior
Heating Wall Furnace, Heat Pump
Cooling Heat Pump
Fireplace No
Building
Water Public
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