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Historic Mixed-Use Santa Ana Property
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302 West 4th Street, Santa Ana, CA 92701

Iconic commercial asset in vibrant downtown Santa Ana.

Property Size9,200 SF
Price / SF$461.96
Days on Market171

Property Features for 302 West 4th Street

General Information

Standard status Active
Size 9,200 SF
Property subtype Retail, Office, Mixed Use
Investment Type Owner/User

Site & Location

Neighborhood Downtown

Building Details

Year Built 1920
Listing Agency: FTGU Commercial Real Estate
Listed By: Fernando Crisantos · License #CA 01972227
Source: Crexi
Added: May 15 Changed: Oct 25 Last Checked: Oct 30 at 2:15PM

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 FTGU Commercial Real Estate

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Investment Insights

Based on property information with market context.

Located in the heart of Historic Downtown Santa Ana, this property represents a rare opportunity to acquire an iconic commercial asset. The property is positioned along one of Orange County’s most vibrant urban corridors. Rich in architectural character and deeply tied to Santa Ana’s early commercial history, the property blends historic significance with future repositioning and investment potential. Originally associated with early Santa Ana merchant Levi Gilmaker in the late 1800s, the property became part of the city’s growing commercial core during Santa Ana’s formative years. The property later evolved into a prominent downtown structure serving the expanding business district and remains a recognizable landmark. The property is positioned within the thriving Downtown Santa Ana district and benefits from exceptional walkability, strong pedestrian traffic, nearby public parking, and close proximity to the Federal Courthouse, Civic Center, Artist Village, restaurants, breweries, coffee shops, nightlife, and creative office users. Downtown Santa Ana has become one of Southern California’s most active urban environments, attracting entrepreneurs, hospitality groups, artists, developers, and owner-users seeking authentic historic spaces. The property offers a compelling opportunity for investors, developers, hospitality operators, creative office users, retailers, and owner-users seeking a flagship presence in one of Orange County’s fastest-evolving urban districts. The property’s historic identity, irreplaceable location, and flexible future use potential create a unique opportunity for long-term value creation. The property has a size of 9200 square feet and is suitable for mixed-use, office, storefront, and retail purposes.

Key Highlights

  • Prime location in the heart of Historic Downtown Santa Ana.
  • Iconic commercial asset with rich architectural character dating back to the late 1800s.
  • Exceptional walkability and strong pedestrian traffic within the vibrant Calle Cuatro corridor.

Financial Insights

Estimated NOI and Cap Rate

NOI / Yr
$130,410
Cap Rate
3.07%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$2,608,200 $2.6M
Cap Rate 7%
$1,863,000 $1.9M
Cap Rate 9%
$1,449,000 $1.4M
Market Conditions
NOI Build-Up for 9,200 SF
Gross rent
$220.8K $24.00/SF
− Vacancy
−$12.1K −$1.32/SF
EGI
$208.7K $22.68/SF
− OpEx
−$78.2K −$8.50/SF
NOI
$130.4K $14.18/SF
Area
ZIP 92701
Vacancy
5.50%
Lease Rate
$24.00 /SF/Yr
Expense Ratio
37.50%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$2,608,200
Cap Rate 7%
$1,863,000
Cap Rate 9%
$1,449,000

Alternative Uses

Best Use
Mixed Use
$1.86M
$1.63M – $2.17M (±1% cap)
NOI $130,410 @ 7.0% cap · market cap 3.07%
Second Best
—
—
no second resolved use
Theoretical Best
Multifamily LT 5
$2.85M
$2.49M – $3.32M (±1% cap)
NOI $199,266 @ 7.0% cap · market cap 4.69%
Zoning and permitted uses should be independently verified with authorities. How Realmo checks its estimates

Property Analytics

Who owns this building? See the owner, sales and loan history
Open Analytics

Current Use

Alexander Properties Llc Insurance Agency

Suggested Use

Top Pick Daycare Center Skin Care Clinic (Bike/Boat/Book/etc) Store Real Estate Agency Tech Support Center Computer & Electronic Repair

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Location Intelligence

Trade Area within ½ mile

3,537
Businesses Nearby

Demographics for 92701, CA

48,789
Population
13,470
Households
3.6
Avg Household Size
32
Median Age
11%
College-Educated
62%
High-School Grad
3.2 sq mi
ZIP Area
15,247
Density / Sq Mi
$68,697
Median Household Income
$33,846
Median Earnings
$1,650
Median Rent
$608,300
Median Home Value
Check the figures for this property Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics

Frequently Asked Questions

What type of property is this?
Mixed-use property - Iconic commercial asset in vibrant downtown Santa Ana.
Where is this mixed-use property located?
The property is located at 302 West 4th Street Santa Ana, CA.
What is the asking price?
The asking price for this property is $4,250,000.
What are key features of this property?
This property features: Prime location in the heart of Historic Downtown Santa Ana.; Iconic commercial asset with rich architectural character dating back to the late 1800s.; Exceptional walkability and strong pedestrian traffic within the vibrant Calle Cuatro corridor.
(714) 604-5175 Call to check price and availability
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