Upgraded Two-Story Office
2803 W 17th Santa Ana, CA 92706
2803 W 17th, Santa Ana, CA, 92706
$1,875,000
For Sale
$1,875,000
Two-story corner office building with multiple suites and separate electrical meters for each unit.
Property Size3,950 SF
Price / SF$474.68
Days on Market9
Property Features for 2803 W 17th
General Information
- Standard status
- Active
- Size
- 3,950 SF
- Property subtype
- Office
Listing agency
DC Real Estate
(714) 200-3000
Listed by
Duong Cao
Source
Xome
Added: Jul 14 Updated: Jul 22 at 4:52AM Checked: Jul 22 at 4:52AM
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 DC Real Estate
Investment Insights
Based on property information with market context.
Upgraded two-story corner office building featuring 1–9 individual office suites with flexible interior layout, including interior walls that can be removed to create larger office spaces. The building is set up as a multi-tenant property with separate electrical meters and on-site restrooms. Improvements include a tile roof, stucco exterior, updated doors, engineered wood flooring, and interior and exterior paint.
The property is located at 2803 W 17th in Santa Ana, CA (92706) on a standalone corner site with high visibility along a busy, high-traffic main street. The building has a strong occupancy profile and is currently listed as 90%+ occupied, with 18 units occupied and monthly rental income of $14,210. Tenants pay their own electricity.
The property is located at 2803 W 17th in Santa Ana, CA (92706) on a standalone corner site with high visibility along a busy, high-traffic main street. The building has a strong occupancy profile and is currently listed as 90%+ occupied, with 18 units occupied and monthly rental income of $14,210. Tenants pay their own electricity.
Key Highlights
- Two‑story corner commercial building with 9 individual office suites, each with separate electrical meters
- Currently 18 units occupied with $14,210 monthly rental income; tenants pay their own electricity
- Flexible suite layout with interior walls that can be removed to create larger office spaces
Local Financial Insights For Office B
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 | $101.9k | $25.80 |
| − Vacancy | −$6.6k | −$1.68 |
| EGI | $95.3k | $24.12 |
| − OpEx | −$23.8k | −$6.03 |
| NOI | $71.5k | $18.09 |
3,950 SF · lease $25.80/SF/yr · vacancy 6.50% · expense 25.00%
Alternative Uses
Best Use
Office B
$1.02M
$893.3K – $1.19M
NOI $71,464 @ 7.0% cap · market cap 3.81%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$1.33M
$1.17M – $1.56M
NOI $93,431 @ 7.0% cap · market cap 4.98%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Office buildings
Similar For Sale Nearby
FAQs
What type of property is this?
Office building - Two-story corner office building with multiple suites and separate electrical meters for each unit.
Where is this office building located?
The property is located at 2803 W 17th Santa Ana, CA.
What is the asking price?
The asking price for this property is $1,875,000.
What are key features of this property?
This property features: Two‑story corner commercial building with 9 individual office suites, each with separate electrical meters; Currently 18 units occupied with $14,210 monthly rental income; tenants pay their own electricity; Flexible suite layout with interior walls that can be removed to create larger office spaces
