Mixed-Use Office and Residential
For Sale
$950,000
1819 W 17th, Santa Ana, CA 92706
Three-unit building with commercial office space and residential units, with shared parking and common walkways.
Property Size2,900 SF
Days on Market26
Property Features for 1819 W 17th
General Information
Standard status
Active
Size
2,900 SF
Property subtype
Commercial
Occupancy
100%
Site & Location
Highway Access
Yes
Utilities to Site
Yes
Units
Multifamily Units
1
Office Units
2
Building Details
Building Size
2,900 SF
Year Built
1956
Units
3
Tenancy
Multi
Listing Agency:
American Smart Realty
(714) 781-9388
Listed By:
Cindy Doan · License #02041191
(714) 781-9388
Source:
Elliman
Added: Jul 16
Changed: Aug 8
Last Checked: Aug 10 at 8:03AM
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 American Smart Realty
Investment Insights
Based on property information with market context.
The property at 1819 W 17th St is a three-unit mixed-use building with two commercial office units and one residential unit. Unit A is approximately 700SF and Unit B is approximately 600SF, both configured as commercial office space, while Unit C is a 4 bed/2 bath residential unit. The exterior has newer paint, and all units are occupied.
The buildings on the larger 17th Street lot include shared parking, driveway access, landscaped areas, and common walkways serving the property. The seller reports that utilities are tenant-managed, with the owner not paying any utilities. For 1819 specifically, there are 3 water meters, 3 gas meters, and 6 electric meters across the buildings, and the seller notes that buildings 1815 and 1819 share gas and water meters with tenants splitting bills among themselves.
This listing is for 1819 W 17th St only, and the seller indicates the three buildings may be sold together or separately, subject to recorded easements and documents. Separate and combined listings are referenced under other MLS IDs, and the City and title company have confirmed that each building may be sold individually upon acceptance of the easement and title documentation.
The buildings on the larger 17th Street lot include shared parking, driveway access, landscaped areas, and common walkways serving the property. The seller reports that utilities are tenant-managed, with the owner not paying any utilities. For 1819 specifically, there are 3 water meters, 3 gas meters, and 6 electric meters across the buildings, and the seller notes that buildings 1815 and 1819 share gas and water meters with tenants splitting bills among themselves.
This listing is for 1819 W 17th St only, and the seller indicates the three buildings may be sold together or separately, subject to recorded easements and documents. Separate and combined listings are referenced under other MLS IDs, and the City and title company have confirmed that each building may be sold individually upon acceptance of the easement and title documentation.
Key Highlights
- Three mixed‑use buildings at 1815, 1819, and 1823 W 17th St in Santa Ana (listed as 1819 W 17th St only) on one lot with separate parcel numbers and addresses
- Option to sell together or separately: 3‑building offer price $2,199,999; 1815 $890k, 1819 $950k, 1823 $790k
- 1819 W 17th St has 3 units: two commercial office units (700 SF and 600 SF) plus one 4 bed/2 bath residential unit
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
$52,468
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
5.52%
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%
$1,049,360
$1.0M
Cap Rate 7%
$749,543
$749.5K
Cap Rate 9%
$582,978
$583.0K
Market Conditions
NOI Build-Up for 2,900 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
$74.8K $25.80/SF
− Vacancy
−$4.9K −$1.68/SF
EGI
$70.0K $24.12/SF
− OpEx
−$17.5K −$6.03/SF
NOI
$52.5K $18.09/SF
Area
Santa Ana, CA
Vacancy
6.50%
Lease Rate
$25.80 /SF/Yr
Expense Ratio
25.00%
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%
$1,049,360
Cap Rate 7%
$749,543
Cap Rate 9%
$582,978
Alternative Uses
Best Use
Office B
$749.5K
$655.9K – $874.5K
NOI $52,468 @ 7.0% cap · market cap 5.52%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$979.9K
$857.4K – $1.14M
NOI $68,595 @ 7.0% cap · market cap 7.22%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
2
Office units
1
Residential units
100%
Occupancy
Multi-tenant
Tenancy
Yes
Highway access
Yes
Utilities to site
Location Intelligence
Trade Area within ½ mile
851
Businesses Nearby
Explore this area
Business Placement
Demographics for 92706, CA
35,621
Population
10,473
Households
3.4
Avg Household Size
35
Median Age
23%
College-Educated
69%
High-School Grad
3.5 sq mi
ZIP Area
10,177
Density / Sq Mi
$96,424
Median Household Income
$36,850
Median Earnings
$1,890
Median Rent
$839,100
Median Home Value
Market
Vacancy Rate% for Office in West region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Office units - Three-unit building with commercial office space and residential units, with shared parking and common walkways.
Where is this office units located?
The property is located at 1819 W 17th Santa Ana, CA.
What is the asking price?
The asking price for this property is $950,000.
What are key features of this property?
This property features: Three mixed‑use buildings at 1815, 1819, and 1823 W 17th St in Santa Ana (listed as 1819 W 17th St only) on one lot with separate parcel numbers and addresses; Option to sell together or separately: 3‑building offer price $2,199,999; 1815 $890k, 1819 $950k, 1823 $790k; 1819 W 17th St has 3 units: two commercial office units (700 SF and 600 SF) plus one 4 bed/2 bath residential unit
