Modern Residential Income
New
For Sale
$799,990
125 S Harbor Blvd., Santa Ana, CA 92704
Santa Ana, CA
Property Size1,520 SF
Lot Size13.55 Acres
Price / SF$526.31
Days on Market7
Property Features for 125 S Harbor Blvd.
General Information
Property type
Residential Multi Family
Property subtype
Triplex
Property condition
Under Construction
Bedrooms
3
Bathrooms
3
Full bathrooms
3
Rooms
Bathroom 1, Laundry Room, Bathroom 3, Bedroom 3, Bedroom 2, Bathroom 2, Kitchen, Bedroom 1
Parking
2
Parking features
Garage
Interior features
Tandem
Appliances
Electric Range, Electric Oven, Electric Cooktop
Subdivision
Other (OTHR)
Lot features
Lot Over 40000 Sqft
Elementary school district
Santa Ana Unified
Middle school district
Santa Ana Unified
High school district
Santa Ana Unified
Directions
Off of S. Harbor and West 1st Street
Standard status
Active
APN
89079904
Size
1,520 SF
Lot size
13.55 Acres
Taxes and HOA fees
HOA Fee
$394 Monthly
Utilities
Sewer type
Public Sewer
Heating system
Energy Star Qualified Equipment (Heating), Forced Air
Cooling system
Central Air
Water source
Public
Building Details
Year built
2026
Floors in Building
3
Number of units
36
Flooring type
Carpet, Tile
Architectural style
Modern
Listing Agency:
City Ventures Construction, Inc.
(949) 258-7555
Listed By:
Richard Davila · License #01328763
(909) 631-7012
Added: Sep 26
Changed: Oct 2
Last Checked: Oct 2 at 12:06AM
MLS# OC26210427
Copyright © 2026 California Regional Multiple Listing Service, Inc. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
Planned as a collection of modern, three-story townhomes, the property is under construction with a 2026 year built. The homes feature private decks and outdoor gathering areas, with tile and carpet flooring, central air, forced-air heating, and garage parking. Public water and sewer serve the property.
The property encompasses 13.5506 acres, and the described homes are designed for all-electric living with electric cooking appliances.
The property encompasses 13.5506 acres, and the described homes are designed for all-electric living with electric cooking appliances.
Key Highlights
- 13.5506‑acre property
- Under construction; year built listed as 2026
- Three‑story townhome collection with private decks
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$23,595
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
2.95%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$471,900
$471.9K
Cap Rate 7%
$337,071
$337.1K
Cap Rate 9%
$262,167
$262.2K
Market Conditions
NOI Build-Up for 1,520 SF
Vacancy — income lost from leasable area expected to sit empty during the year, subtracted from gross rent.
EGI (Effective Gross Income) — gross rent minus vacancy losses, the realistic income before paying operating costs.
OpEx (Operating Expenses) — recurring costs to operate the property (property tax, insurance, utilities, maintenance, management); excludes financing and capital improvements.
NOI (Net Operating Income) — income a property generates after operating costs but before financing and taxes.
Gross rent
$44.7K $29.40/SF
− Vacancy
−$1.8K −$1.18/SF
EGI
$42.9K $28.22/SF
− OpEx
−$19.3K −$12.70/SF
NOI
$23.6K $15.52/SF
Area
ZIP 92704
Vacancy
4.00%
Lease Rate
$29.40 /SF/Yr
Expense Ratio
45.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$471,900
Cap Rate 7%
$337,071
Cap Rate 9%
$262,167
Alternative Uses
Best Use
Apartment 5plus
$337.1K
$294.9K – $393.3K
NOI $23,595 @ 7.0% cap · market cap 2.95%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$451.8K
$395.3K – $527.1K
NOI $31,624 @ 7.0% cap · market cap 3.95%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Current Use
Location Intelligence
Trade Area within ½ mile
962
Businesses Nearby
Explore this area
Business Placement
Demographics for 92704, CA
82,841
Population
20,887
Households
4
Avg Household Size
35
Median Age
20%
College-Educated
68%
High-School Grad
7.4 sq mi
ZIP Area
11,195
Density / Sq Mi
$94,249
Median Household Income
$37,925
Median Earnings
$2,147
Median Rent
$641,600
Median Home Value
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Frequently Asked Questions
What type of property is this?
Residential income property - The under-construction property is designed as a collection of three-story townhomes with private decks.
Where is this residential income property located?
The property is located at 125 S Harbor Blvd. Santa Ana, CA.
What is the asking price?
The asking price for this property is $799,990.
What are key features of this property?
This property features: 13.5506‑acre property; Under construction; year built listed as 2026; Three‑story townhome collection with private decks
