New Construction Triplex with
For Sale
$1,950,000
2117 S Broadway, Santa Ana, CA 92707
New all-electric triplex with junior ADU and separate utilities, expected completion in June or July.
Property Size3,700 SF
Days on Market113
Property Features for 2117 S Broadway
General Information
Standard status
Active
Size
3,700 SF
Total Parking Spaces
2
Property subtype
Manufactured On Land
Additional Details
Multifamily Units
3
Building Details
Building Size
3,700 SF
Year Built
2026
Listing Agency:
Coast Metro Realty & Inv.
Listed By:
Alexander Gholi · License #00951130
Source:
Velocityrealtysd
Added: May 16
Changed: Aug 28
Last Checked: Sep 5 at 6:19AM
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 Coast Metro Realty & Inv.
Investment Insights
Based on property information with market context.
New construction triplex on a single lot with two buildings on one site. The front building is a 5-bedroom, 4-bath layout with a junior ADU located on top of the attached two-car garage, offering a 1-bedroom, 1-bath configuration. The back unit includes an ADU with two bedrooms and one bath.
All units are all-electric, and each unit has separate electricity and water. Solar is included and was paid for. The property is scheduled to be completed at the end of June or July.
The listing indicates the adjacent property at 2119 S. Broadway follows the same floor plan and pricing and can be sold together or separately, totaling up to six units if combined.
All units are all-electric, and each unit has separate electricity and water. Solar is included and was paid for. The property is scheduled to be completed at the end of June or July.
The listing indicates the adjacent property at 2119 S. Broadway follows the same floor plan and pricing and can be sold together or separately, totaling up to six units if combined.
Key Highlights
- New all‑electric triplex with a junior ADU, expected completion in June or July
- Front building: 5 bedrooms, 4 baths, plus junior ADU (1 bed, 1 bath) on top of the garage
- Two attached‑car garages in the front building
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
$64,156
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
3.29%
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%
$1,283,120
$1.3M
Cap Rate 7%
$916,514
$916.5K
Cap Rate 9%
$712,844
$712.8K
Market Conditions
NOI Build-Up for 3,700 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
$95.5K $25.80/SF
− Vacancy
−$3.8K −$1.03/SF
EGI
$91.7K $24.77/SF
− OpEx
−$27.5K −$7.43/SF
NOI
$64.2K $17.34/SF
Area
ZIP 92707
Vacancy
3.99%
Lease Rate
$25.80 /SF/Yr
Expense Ratio
30.00%
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%
$1,283,120
Cap Rate 7%
$916,514
Cap Rate 9%
$712,844
Alternative Uses
Best Use
Multifamily LT 5
$916.5K
$802.0K – $1.07M
NOI $64,156 @ 7.0% cap · market cap 3.29%
Second Best
Apartment 5plus
$845.5K
$739.9K – $986.5K
NOI $59,188 @ 7.0% cap · market cap 3.04%
Theoretical Best
Office A
$1.01M
$887.8K – $1.18M
NOI $71,022 @ 7.0% cap · market cap 3.64%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
3
Residential units
Location Intelligence
Trade Area within ½ mile
1,006
Businesses Nearby
Explore this area
Business Placement
Demographics for 92707, CA
56,456
Population
14,767
Households
3.8
Avg Household Size
33
Median Age
17%
College-Educated
65%
High-School Grad
5.2 sq mi
ZIP Area
10,857
Density / Sq Mi
$99,491
Median Household Income
$35,582
Median Earnings
$2,141
Median Rent
$635,600
Median Home Value
Market
Vacancy Rate% for Multifamily in West region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Triplex - New all-electric triplex with junior ADU and separate utilities, expected completion in June or July.
Where is this triplex located?
The property is located at 2117 S Broadway Santa Ana, CA.
What is the asking price?
The asking price for this property is $1,950,000.
What are key features of this property?
This property features: New all‑electric triplex with a junior ADU, expected completion in June or July; Front building: 5 bedrooms, 4 baths, plus junior ADU (1 bed, 1 bath) on top of the garage; Two attached‑car garages in the front building
