Three Mixed-Use Buildings on One
For Sale
$2,199,999
1819 W 17th, Santa Ana, CA 92706
Three occupied mixed-use buildings on one lot with shared parking and separate parcel/easement arrangements for individual sale.
Property Size6,550 SF
Days on Market137
Property Features for 1819 W 17th
General Information
Standard status
Active
Size
6,550 SF
Property subtype
Commercial
Building Details
Building Size
6,550 SF
Year Built
1956
Units
6
Listing Agency:
American Smart Realty
(714) 781-9388
Listed By:
Cindy Doan · License #02041191
(714) 781-9388
Source:
Elliman
Added: Mar 27
Changed: Aug 8
Last Checked: Aug 10 at 5:20AM
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.
This offering is for three mixed-use commercial and residential buildings situated on one lot, with separate parcel numbers and addresses for each structure. The seller prefers a combined sale, but the buildings can be sold together or separately based on recorded easements; the City and title company have confirmed each building may be sold individually with the applicable easement and title documents accepted by buyer and seller. Newer exterior paint is noted, and all units are currently occupied. Shared parking, driveway access, landscaped areas, and common walkways are included.
Building 1815 W 17th St includes two units: a front hair salon and a back 2-bedroom/1-bath residential unit. Building 1819 W 17th St includes three units: two commercial office units and one 4-bedroom/2-bath residential unit. Building 1823 W 17th St includes one 1,250SF commercial office unit. There are 3 gas meters, 3 water meters, and 6 electric meters; buildings 1815 and 1819 share gas and water meters with tenants splitting bills, while building 1823 has its own electric, gas, and water meters. The owner does not pay for utilities and reports only occasional, limited maintenance.
The property is located near Santa Ana College, MainPlace Mall, Bristol Marketplace, and dining and other essential services, with access to Freeways I-5 and 22.
Building 1815 W 17th St includes two units: a front hair salon and a back 2-bedroom/1-bath residential unit. Building 1819 W 17th St includes three units: two commercial office units and one 4-bedroom/2-bath residential unit. Building 1823 W 17th St includes one 1,250SF commercial office unit. There are 3 gas meters, 3 water meters, and 6 electric meters; buildings 1815 and 1819 share gas and water meters with tenants splitting bills, while building 1823 has its own electric, gas, and water meters. The owner does not pay for utilities and reports only occasional, limited maintenance.
The property is located near Santa Ana College, MainPlace Mall, Bristol Marketplace, and dining and other essential services, with access to Freeways I-5 and 22.
Key Highlights
- Three mixed‑use buildings on one lot in Santa Ana (1815, 1819, 1823 W 17th St), each with separate parcel numbers and addresses.
- Can be sold together or separately with recorded easements; city and title company confirmed individual building sales upon acceptance of easement and title documents.
- All units are occupied, including commercial and residential tenants across 1815, 1819, and 1823 W 17th St.
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
$118,509
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
5.39%
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%
$2,370,180
$2.4M
Cap Rate 7%
$1,692,986
$1.7M
Cap Rate 9%
$1,316,767
$1.3M
Market Conditions
NOI Build-Up for 6,550 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
$176.9K $27.00/SF
− Vacancy
−$7.6K −$1.15/SF
EGI
$169.3K $25.85/SF
− OpEx
−$50.8K −$7.75/SF
NOI
$118.5K $18.09/SF
Area
Santa Ana, CA
Vacancy
4.27%
Lease Rate
$27.00 /SF/Yr
Expense Ratio
30.00%
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%
$2,370,180
Cap Rate 7%
$1,692,986
Cap Rate 9%
$1,316,767
Alternative Uses
Best Use
Multifamily LT 5
$1.69M
$1.48M – $1.98M
NOI $118,509 @ 7.0% cap · market cap 5.39%
Second Best
Office B
$1.69M
$1.48M – $1.98M
NOI $118,504 @ 7.0% cap · market cap 5.39%
Theoretical Best
Office A
$2.21M
$1.94M – $2.58M
NOI $154,930 @ 7.0% cap · market cap 7.04%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
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
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Mixed-use property - Three occupied mixed-use buildings on one lot with shared parking and separate parcel/easement arrangements for individual sale.
Where is this mixed-use property located?
The property is located at 1819 W 17th Santa Ana, CA.
What is the asking price?
The asking price for this property is $2,199,999.
What are key features of this property?
This property features: Three mixed‑use buildings on one lot in Santa Ana (1815, 1819, 1823 W 17th St), each with separate parcel numbers and addresses.; Can be sold together or separately with recorded easements; city and title company confirmed individual building sales upon acceptance of easement and title documents.; All units are occupied, including commercial and residential tenants across 1815, 1819, and 1823 W 17th St.
