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Historic Mixed-Use Santa Ana Property

302-208 E 4th Santa Ana, CA 92701

302-208 E 4th, Santa Ana, CA, 92701
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Iconic commercial asset in vibrant downtown Santa Ana.

Property Size9,200 SF
Price / SF$461.96
AddedMay 15
Days on Market63
Last RefreshJul 16 at 9:46 am

Property Features for 302-208 E 4th

General Information

Standard status
Active
Size
9,200 SF
Property subtype
Retail, Office, Mixed Use

Listing office FTGU Commercial Real Estate

Listing date May 15, 2026

Source Crexi

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


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.

Local Financial Insights For Retail

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 $231.8k $25.20
− Vacancy −$12.1k −$1.31
EGI $219.8k $23.89
− OpEx −$65.9k −$7.17
NOI $153.8k $16.72
9,200 SF · lease $25.20/SF/yr · vacancy 5.20% · expense 30.00%

Alternative Uses

Best Use
Retail
$2.20M
$1.92M – $2.56M (±1% cap)
NOI $153,849 @ 7.0% cap · market cap 3.62%
Second Best
Office B
$2.13M
$1.87M – $2.49M (±1% cap)
NOI $149,371 @ 7.0% cap · market cap 3.51%
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 local authorities.

Property Analytics

Property Profile Location Intelligence

Current Use by Public Records

Office buildings

Suggested Use

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

Zoning and permitted uses should be independently verified with local authorities.

FAQs

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 302-208 E 4th 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.
Contact an agent
(949) 558-0312 Call to check price and availability
More about this property
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