Two-Unit Office
For Sale
Contact for pricing
1816 Old Tustin Ave, Santa Ana, CA 92705
Two separately metered office units support flexible owner-user or multi-occupant use.
Property Size1,468 SF
Price / SF$475
Days on Market53
Property Features for 1816 Old Tustin Ave
General Information
Standard status
Active
Size
1,468 SF
Property subtype
OFFICE
Site & Location
Neighborhood
Meredith Parkwood
Listing Agency:
Tidemark Real Estate Services
(949) 561-1900
Listed By:
Taylor Snyder · License #CA 02092420
(949) 533-1321
Source:
Moodyscre
Added: Sep 9
Changed: Oct 26
Last Checked: Oct 30 at 11:08AM
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 Tidemark Real Estate Services
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Investment Insights
Based on property information with market context.
This 1,468-square-foot office building is arranged as two units, providing a practical layout for an owner-user or separate occupancy. Each unit has its own electrical meter and is served by 90-amp, 120/240V, single-phase power.
The property is located at 1816 Old Tustin Ave in Santa Ana, California. A secured or fenced yard area may be possible, subject to buyer verification. The two-unit configuration and independent electrical service provide flexibility for office operations and occupancy planning.
The property is located at 1816 Old Tustin Ave in Santa Ana, California. A secured or fenced yard area may be possible, subject to buyer verification. The two-unit configuration and independent electrical service provide flexibility for office operations and occupancy planning.
Key Highlights
- 1,468‑square‑foot office building
- Two‑unit configuration supports flexible occupancy
- Separate electrical meters for each unit
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$23,151
Cap Rate
3.32%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$463,020
$463.0K
Cap Rate 7%
$330,729
$330.7K
Cap Rate 9%
$257,233
$257.2K
Market Conditions
NOI Build-Up for 1,468 SF
Gross rent
$37.9K $25.80/SF
− Vacancy
−$7.0K −$4.77/SF
EGI
$30.9K $21.03/SF
− OpEx
−$7.7K −$5.26/SF
NOI
$23.2K $15.77/SF
Area
ZIP 92705
Vacancy
18.50%
Lease Rate
$25.80 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$463,020
Cap Rate 7%
$330,729
Cap Rate 9%
$257,233
Alternative Uses
Best Use
Office B
$330.7K
$289.4K – $385.9K
NOI $23,151 @ 7.0% cap · market cap 3.32%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$441.2K
$386.0K – $514.7K
NOI $30,883 @ 7.0% cap · market cap 4.43%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
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Current Use
Location Intelligence
Trade Area within ½ mile
2,319
Businesses Nearby
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Business Placement
Demographics for 92705, CA
45,902
Population
16,642
Households
2.8
Avg Household Size
40
Median Age
46%
College-Educated
87%
High-School Grad
11.8 sq mi
ZIP Area
3,890
Density / Sq Mi
$125,928
Median Household Income
$51,830
Median Earnings
$2,250
Median Rent
$1,135,600
Median Home Value
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Market
Vacancy Rate% for Office in West region
Frequently Asked Questions
What type of property is this?
Office building - Two separately metered office units support flexible owner-user or multi-occupant use.
Where is this office building located?
The property is located at 1816 Old Tustin Ave Santa Ana, CA.
What is the asking price?
The asking price for this property is $697,300.
What are key features of this property?
This property features: 1,468‑square‑foot office building; Two‑unit configuration supports flexible occupancy; Separate electrical meters for each unit
