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    104 4Th St Santa Ana, CA 92701

    Sponsored
    For Sale
    $4,400,000

    Historic building, strong tenant, high ROI

    Description

    Added:
    Jan 24, 2025
    Days on Market:
    348
    This exceptional investment opportunity presents a fully leased, ±7,503 square foot restaurant building located at 104 E 4th St, Santa Ana, CA 92701. The property, built in 1890, boasts a prime location in Downtown Santa Ana's vibrant commercial district, benefiting from high foot traffic and proximity to numerous amenities. Currently 100% leased to El Rincon Mexican Restaurant (generating approximately $2,000,000 in annual revenue) under an absolute NNN lease extending through 2035, this property offers exceptional stability and predictable income. The lease includes a sublease to OC Beauty Lounge, further diversifying income streams. The building sits on approximately 0.20 acres and is zoned 3-COM (Commercial). With a 5.0% cap rate and a Year 1 NOI of $222,000, this $4,400,000 offering presents a compelling return on investment. The property's historic character, combined with its prominent curb appeal and location within a thriving creative enclave, makes it a truly unique and attractive investment. This is a rare opportunity to acquire a stable, high-performing asset in a desirable and rapidly growing area.

    Property Features for 104 4Th St

    General Information

    Property type
    Restaurants

    HighLights

    • 7,503 square foot retail building on a 0.20‑acre lot.
    • Located at 104 E 4th St, Santa Ana, CA 92701, zoned 3‑COM (Commercial).
    • Built in 1890.
    • 100% leased to El Rincon Mexican Restaurant through 2035, generating approximately $222,000 in annual net operating income (NOI).
    • Asking price: $4,400,000, representing a 5.0% cap rate.
    • High visibility location in Downtown Santa Ana's vibrant Artist Village, offering strong foot traffic and proximity to other amenities.
    Property Profile Location Intelligence

    Current Use by Public Records

    El Rincon Mexicano Mexican Restaurant Vigo Envios de ... Money Transfer Service

    Suggested Use

    Realty agency Law Firm Restaurant Spa & Massage Dental Office Hair Salon Nail Salon Building Supply Clothing Store Gym & Fitness

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Santa Ana
    County
    Orange
    State
    California
    Longitude
    -117.8673808
    Latitude
    33.7477496

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    FAQs

    What type of property is this?
    Restaurant - Historic building, strong tenant, high ROI
    Where is this restaurant located?
    The property is located at 104 4Th St Santa Ana, CA.
    What is the asking price?
    The asking price for this property is $4,400,000.
    What are key features of this property?
    This property features: 7,503 square foot retail building on a 0.20-acre lot.; Located at 104 E 4th St, Santa Ana, CA 92701, zoned 3-COM (Commercial).; Built in 1890.
    Request Owner's contact information
    104 4Th St Santa Ana, CA 92701
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    Santa Ana, CA 92701
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    104 4Th St Santa Ana, CA 92701
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