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    Six-Story Mixed-Use Building Title is generated by Realmo AI

    102 4th Street, Santa Ana, CA 92701

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    Claim this Listing
    For Sale
    $9,200,000

    Historic six-story property combines office and retail space with renovated creative interiors and distinctive exposed finishes.

    Type:General Commercial
    Property size:
    35,419 SF
    Price / SF:
    $259/SF
    Added:
    Feb 18, 2026
    Days on Market:
    118
    Last Refresh:
    Jun 14 at 1:50 am

    Property Features for 102 4th Street

    General Information

    Standard status
    Active
    Size
    35,419 SF
    Property subtype
    General Commercial

    Building Details

    Year Built
    1923

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    Listing Contact
    Geoffrey Dewolf

    Listing agent Geoffrey Dewolf License #01319312

    Listing office Economos Dewolf, Inc.

    Listing date Feb 18, 2026

    Source Xome

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    All listing content including descriptions, pricing, images are the copyrighted material of Economos Dewolf, Inc.

    HighLights

    • Historic six‑story mixed‑use building with 35,419 SF over a basement vault, originally built in 1923 for the First National Bank
    • Tenant mix and occupancy: approximately 60% office and 40% retail occupancy; currently 70% leased
    • Construction and layout include steel‑frame and concrete construction with expansive 5,500 SF floor plates and abundant natural light
    • Renovations completed on four floors, featuring modern creative office environments with high ceilings and original detailing
    • Mills Act tax advantages available
    • Pending OC Streetcar line debut in 2026 for improved accessibility

    Overview

    106 West is a six-story mixed-use building with a steel-frame and concrete structural system, originally constructed in 1923 for the First National Bank. The property totals 35,419 square feet above a basement vault and is described as approximately 60% office and 40% retail, with 70% leased in its current configuration. Notable design elements include expansive 5,500 square foot floor plates and abundant natural light, with exposed brick and concrete finishes throughout. Four floors have undergone extensive renovation, creating modern creative office environments supported by high ceilings and original detailing.

    The building is located in Santa Ana’s Artists Village and Civic Center area, where the property’s tenant mix is supported by nearby government offices and cultural institutions, along with a growing base of dining and retail amenities referenced in the remarks. Additional access improvements are described as pending, with the OC Streetcar line scheduled to debut in 2026.

    For tenants, buyers, and operators, the combination of renovated creative office space and in-place retail occupancy may appeal to teams seeking a mixed-use platform in a historic downtown setting. The offering is also described as including Mills Act tax advantages and proximity to major infrastructure improvements totaling $54 million, providing additional considerations for long-term ownership planning.

    Local Financial Insights For Retail

    Simulate Cap Rate and NOI

    NOI Build-Up
    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.

    Component $ $/SF
    Gross rent $892.6k $25.20
    − Vacancy −$46.4k −$1.31
    EGI $846.1k $23.89
    − OpEx −$253.8k −$7.17
    NOI $592.3k $16.72
    35,419 SF · lease $25.20/SF/yr · vacancy 5.20% · expense 30.00%

    Alternative Uses

    Best Use
    Retail
    $8.46M
    $7.40M – $9.87M (±1% cap)
    NOI $592,302 @ 7.0% cap · market cap 6.44%
    Second Best
    Office B
    $8.22M
    $7.19M – $9.58M (±1% cap)
    NOI $575,063 @ 7.0% cap · market cap 6.25%
    Theoretical Best
    Multifamily LT 5
    $10.96M
    $9.59M – $12.79M (±1% cap)
    NOI $767,154 @ 7.0% cap · market cap 8.34%
    Zoning and permitted uses should be independently verified with local authorities.
    Location Intelligence

    Current Use by Public Records

    Dental 4 Dental Office Dr. Jorge E. ... Dental Office CRYSTAL MAKEUP STUDIO Cosmetic Store Shoe Palace Clothing & Fashion Store CFS Car Title ... Loan Service

    Suggested Use

    Real Estate Agency Law Firm Restaurant Spa & Massage Center Dental Office Hair Salon Nail Salon Building Supply Gym & Fitness Center Pharmacy

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

    Location Insight

    • Map
    • Local Demand
    City
    Santa Ana
    County
    Orange
    State
    California
    Longitude
    -117.8674751
    Latitude
    33.7477961

    FAQs

    What type of property is this?
    Office building - Historic six-story property combines office and retail space with renovated creative interiors and distinctive exposed finishes.
    Where is this office building located?
    The property is located at 102 4th Street Santa Ana, CA.
    What is the asking price?
    The asking price for this property is $9,200,000.
    What are key features of this property?
    This property features: Historic six‑story mixed‑use building with 35,419 SF over a basement vault, originally built in 1923 for the First National Bank; Tenant mix and occupancy: approximately 60% office and 40% retail occupancy; currently 70% leased; Construction and layout include steel‑frame and concrete construction with expansive 5,500 SF floor plates and abundant natural light
    More about this property
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