Retail Buildings in Prime
1812 W Edinger Santa Ana, CA 92704
For Sale
$2,998,000
Two single-story retail buildings with tenants in a prime location.
Property Size6,700 SF
Lot Size0.61 Acres
Price / SF$447.46
Days on Market93
Property Features for 1812 W Edinger
General Information
- Standard status
- Active
- Size
- 6,700 SF
- Lot size
- 0.61 Acres
- Property subtype
- Commercial
Building Details
- Year Built
- 1959
Listing Agency:
(714) 719-3788
Listed By:
Tiffany Nguyen
(714) 719-3788
Source:
Elliman
Added: Apr 24
Changed: Jul 10
Last Checked: Jul 24 at 12:41PM
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 Tiffany Nguyen
Investment Insights
Based on property information with market context.
Two single-story buildings, located at 1812 & 1814 W. Edinger, are situated in a prime area with existing tenants. The property comprises a total of four units across the two buildings. A new roof has recently been installed. According to the owner, the buildings have the potential for three-story construction, subject to city verification. Parcel information indicates 3,400 square feet for the building at 1812 W. Edinger and an additional 3,300 square feet for the building at 1814 W. Edinger, totaling a potential of 6,700 square feet. The lot size is 26,585 square feet. The location has a bike score of 53, indicating it is bikeable, a walk score of 43, indicating car-dependent, and a transit score of 39, indicating some transit options.
Key Highlights
- Prime location with existing tenants.
- Two buildings with a total of four units.
- New roof recently installed.
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 | $160.8k | $24.00 |
| − Vacancy | −$10.5k | −$1.56 |
| EGI | $150.3k | $22.44 |
| − OpEx | −$45.1k | −$6.73 |
| NOI | $105.2k | $15.71 |
6,700 SF · lease $24.00/SF/yr · vacancy 6.50% · expense 30.00%
Alternative Uses
Best Use
Retail
$1.50M
$1.32M – $1.75M
NOI $105,244 @ 7.0% cap · market cap 3.51%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$1.99M
$1.74M – $2.32M
NOI $139,394 @ 7.0% cap · market cap 4.65%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Iglesia Del Buen ...
Church
Lucky Seven
Grocery & Convenience Store
Lucky 7 Mini ...
Grocery & Convenience Store
Lucky 7 Liquor ...
Grocery & Convenience Store
FAQs
What type of property is this?
Retail property - Two single-story retail buildings with tenants in a prime location.
Where is this retail property located?
The property is located at 1812 W Edinger Santa Ana, CA.
What is the asking price?
The asking price for this property is $2,998,000.
What are key features of this property?
This property features: Prime location with existing tenants.; Two buildings with a total of four units.; New roof recently installed.
