1610 S Standard Ave Santa Ana, CA 92707

Building Details

Year Built

1962

Listing agency Lifetime Realty, Inc. c***@gmail.com Show Phone

Listed by Cole Harvey · License #02019315

Source Elliman

Added: Apr 24 Updated: Jul 10 at 1:28PM Checked: Jul 22 at 8:59AM

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Investment Insights

Based on property information with market context.

This commercial property in Santa Ana presents an investment opportunity. The 720 sq. ft. standalone building has operated as a Mexican restaurant for over 20 years. A new tenant has signed a 15-year lease. The tenant is responsible for all utilities. The property generates an annual gross income of $41,616, with a 5.9% capitalization rate. The property can be purchased with the new tenant in place, or without the tenant. The property is offered strictly as-is. The location has a bike score of 75, indicating it is very bikeable, a walk score of 74, indicating it is very walkable, and a transit score of 45, indicating some transit options are available.

Key Highlights

• New 15‑year lease provides long‑term income stability.
• High 5.9% capitalization rate offers a valuable return on investment.
• Tenant responsible for all utilities, ensuring low‑maintenance ownership.

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FAQs

What type of property is this?

Conventional restaurant - Established Santa Ana restaurant property with long-term tenant.

Where is this conventional restaurant located?

The property is located at 1610 S Standard Ave Santa Ana, CA.

What is the asking price?

The asking price for this property is $550,000.

What are key features of this property?

This property features: New 15‑year lease provides long‑term income stability.; High 5.9% capitalization rate offers a valuable return on investment.; Tenant responsible for all utilities, ensuring low‑maintenance ownership.