Freestanding Office Building For
For Sale
$3,425,000
2070 N Tustin Ave, Santa Ana, CA 92705
Two-story office building with lease income and owner-user opportunity.
Property Size9,032 SF
Price / SF$379.21
Days on Market204
Property Features for 2070 N Tustin Ave
General Information
Standard status
Active
Size
9,032 SF
Building Details
Year Built
1980
Listing Agency:
Economos Dewolf, Inc.
Listed By:
Geoffrey Dewolf · License #01319312
(949) 576-2751
Source:
Myfabuloushome
Added: Mar 26
Changed: Oct 11
Last Checked: Oct 7 at 4:30PM
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 Economos Dewolf, Inc.
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Investment Insights
Based on property information with market context.
This freestanding office building, constructed in 1981, features a reception area and two stories of office space. The layout includes private offices, a conference room, an open area suitable for cubicles, restrooms, and a kitchenette/employee lounge. The building offers an owner-user opportunity with approximately 4,516 square feet available on the ground floor. The second floor, also approximately 4,516 square feet, is currently leased to a construction company through June 30, 2028, with options to extend the lease for two additional one-year terms. The current rental income is $7,875 per month on a Full Service Gross lease, with scheduled annual rent increases of 3% beginning May 1, 2025. The total property size is 9,032 square feet.
Key Highlights
- Owner‑user opportunity to occupy the ±4,516‑SF ground floor.
- The ±4,516‑SF second floor is leased through June 30, 2028, with options to extend.
- Existing lease provides $7,875 Full Service Gross monthly income.
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$142,437
Cap Rate
4.16%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$2,848,740
$2.8M
Cap Rate 7%
$2,034,814
$2.0M
Cap Rate 9%
$1,582,633
$1.6M
Market Conditions
NOI Build-Up for 9,032 SF
Gross rent
$233.0K $25.80/SF
− Vacancy
−$43.1K −$4.77/SF
EGI
$189.9K $21.03/SF
− OpEx
−$47.5K −$5.26/SF
NOI
$142.4K $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%
$2,848,740
Cap Rate 7%
$2,034,814
Cap Rate 9%
$1,582,633
Alternative Uses
Best Use
Office B
$2.03M
$1.78M – $2.37M
NOI $142,437 @ 7.0% cap · market cap 4.16%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$2.71M
$2.38M – $3.17M
NOI $190,011 @ 7.0% cap · market cap 5.55%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Current Use
Location Intelligence
Trade Area within ½ mile
2,160
Businesses Nearby
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
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Office in West region
Frequently Asked Questions
What type of property is this?
Office building - Two-story office building with lease income and owner-user opportunity.
Where is this office building located?
The property is located at 2070 N Tustin Ave Santa Ana, CA.
What is the asking price?
The asking price for this property is $3,425,000.
What are key features of this property?
This property features: Owner‑user opportunity to occupy the ±4,516‑SF ground floor.; The ±4,516‑SF second floor is leased through June 30, 2028, with options to extend.; Existing lease provides $7,875 Full Service Gross monthly income.
