Flex Condo with Assembly
1920 E Warner Avenue Unit A/B, Santa Ana, CA 92705
For Sale
Contact for pricing
Office and assembly areas have HVAC throughout, complemented by prominent street signage.
Property Size5,280 SF
Price / SF$344.89
Days on Market34
Property Features for 1920 E Warner Avenue Unit A/B
General Information
Standard status
Size
Property subtype
Additional Details
Highway Access
Property Use
Listing Agency:
Lee & Associates - Newport Beach
Listed By:
tim arguello · License CA #01055859
(714) 264-0135
Source:
Crexi
Added: Oct 9
Changed: Nov 8
Last Checked: Nov 10 at 8:41AM
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 Lee & Associates - Newport Beach
Ask AI about this property
Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
This flex condominium at 1920 E. Warner Avenue, Unit A/B, in Santa Ana contains approximately 5,280 square feet. Its configuration combines office and assembly areas, with HVAC serving the entire space and image upgrades throughout. Major street signage is also in place.
The property sits in a business park with immediate access to the 55, 5, and 405 freeways. Orange County Airport is minutes away.
The property sits in a business park with immediate access to the 55, 5, and 405 freeways. Orange County Airport is minutes away.
Key Highlights
- Approximately ±5,280 square feet of flex space
- Office and assembly areas within the condominium
- HVAC coverage throughout the space
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$78,250
Cap Rate
4.30%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,565,000
$1.6M
Cap Rate 7%
$1,117,857
$1.1M
Cap Rate 9%
$869,444
$869.4K
Market Conditions
NOI Build-Up for 5,280 SF
Gross rent
$126.7K $24.00/SF
− Vacancy
−$6.3K −$1.20/SF
EGI
$120.4K $22.80/SF
− OpEx
−$42.1K −$7.98/SF
NOI
$78.2K $14.82/SF
Area
ZIP 92705
Vacancy
5.00%
Lease Rate
$24.00 /SF/Yr
Expense Ratio
35.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,565,000
Cap Rate 7%
$1,117,857
Cap Rate 9%
$869,444
Alternative Uses
Best Use
Flex RnD
$1.12M
$978.1K – $1.30M
NOI $78,250 @ 7.0% cap · market cap 4.30%
Second Best
Industrial
$975.2K
$853.3K – $1.14M
NOI $68,265 @ 7.0% cap · market cap 3.75%
Theoretical Best
Specialty Retail
$1.59M
$1.39M – $1.85M
NOI $111,078 @ 7.0% cap · market cap 6.10%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Current Use
Lease Details
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
2,183
Businesses Nearby
Balanced
Demand for This Use
Explore this area
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
$1,135,600
Median Home Value
Market
Average Price Trend$/SF for Flex space in Orange County, CA
Properties on Market for Flex space in Orange County
Vacancy Rate% for Industrial in West region
Frequently Asked Questions
What type of property is this?
Flex space - Office and assembly areas have HVAC throughout, complemented by prominent street signage.
Where is this flex space located?
The property is located at 1920 E Warner Avenue Unit A/B Santa Ana, CA.
What is the asking price?
The asking price for this property is $1,821,000.
What are key features of this property?
This property features: Approximately ±5,280 square feet of flex space; Office and assembly areas within the condominium; HVAC coverage throughout the space
