Mixed-Use Property with Pylon
For Sale
$900,000
1533 East 1st Street, Santa Ana, CA 92701
Existing improvements include secured parking and prominent on-site signage for commercial exposure.
Property Size2,387 SF
Price / SF$377.04
Days on Market340
Property Features for 1533 East 1st Street
General Information
Standard status
Active
Size
2,387 SF
Property subtype
Commercial Sale / Mixed Use
Building Details
Year Built
1936
Listing Agency:
Re/Max Top Producers
(626) 862-2414
Listed By:
Matthew Almeida · License #02221796
(626) 862-2414
Source:
Compass
Added: Sep 25, 2025
Changed: Aug 29
Last Checked: Aug 29 at 5:51PM
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 Re/Max Top Producers
Investment Insights
Based on property information with market context.
Located at 1533 East 1st Street in Santa Ana, this mixed-use property includes a 2,387-square-foot building on an 8,000-square-foot lot. Constructed in 1936, the site also provides secured parking and a pylon sign.
The property is positioned just west of the 5 Freeway and east of Grand Avenue, with reported traffic of 37,048 cars passing by. It is part of a three-parcel contiguous portfolio totaling 29,759 square feet of land, while the subject parcel is identified as 8,000 square feet.
The property is positioned just west of the 5 Freeway and east of Grand Avenue, with reported traffic of 37,048 cars passing by. It is part of a three-parcel contiguous portfolio totaling 29,759 square feet of land, while the subject parcel is identified as 8,000 square feet.
Key Highlights
- 2,387‑square‑foot building on an 8,000‑square‑foot lot
- Part of a three‑parcel contiguous portfolio totaling 29,759 sq. ft. of land
- Positioned west of the 5 Freeway and east of Grand Avenue
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
$33,836
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
3.76%
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%
$676,720
$676.7K
Cap Rate 7%
$483,371
$483.4K
Cap Rate 9%
$375,956
$376.0K
Market Conditions
NOI Build-Up for 2,387 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
$57.3K $24.00/SF
− Vacancy
−$3.2K −$1.32/SF
EGI
$54.1K $22.68/SF
− OpEx
−$20.3K −$8.50/SF
NOI
$33.8K $14.18/SF
Area
ZIP 92701
Vacancy
5.50%
Lease Rate
$24.00 /SF/Yr
Expense Ratio
37.50%
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%
$676,720
Cap Rate 7%
$483,371
Cap Rate 9%
$375,956
Alternative Uses
Best Use
Mixed Use
$483.4K
$423.0K – $563.9K
NOI $33,836 @ 7.0% cap · market cap 3.76%
Second Best
—
—
no second resolved use
Theoretical Best
Multifamily LT 5
$738.6K
$646.3K – $861.7K
NOI $51,701 @ 7.0% cap · market cap 5.74%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
2,481
Businesses Nearby
Explore this area
Business Placement
Demographics for 92701, CA
48,789
Population
13,470
Households
3.6
Avg Household Size
32
Median Age
11%
College-Educated
62%
High-School Grad
3.2 sq mi
ZIP Area
15,247
Density / Sq Mi
$68,697
Median Household Income
$33,846
Median Earnings
$1,650
Median Rent
$608,300
Median Home Value
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Mixed-use property - Existing improvements include secured parking and prominent on-site signage for commercial exposure.
Where is this mixed-use property located?
The property is located at 1533 East 1st Street Santa Ana, CA.
What is the asking price?
The asking price for this property is $900,000.
What are key features of this property?
This property features: 2,387‑square‑foot building on an 8,000‑square‑foot lot; Part of a three‑parcel contiguous portfolio totaling 29,759 sq. ft. of land; Positioned west of the 5 Freeway and east of Grand Avenue
