Mixed-Use Property with Gated
For Sale
$1,599,900
502 W 17th Street, Santa Ana, CA 92706
Flexible commercial property with two existing tenants, an upper-level unit, parking, and access to major freeways.
Property Size6,150 SF
Lot Size0.22 Acres
Price / SF$260.15
Days on Market48
Property Features for 502 W 17th Street
General Information
Standard status
Active
Size
6,150 SF
Total Parking Spaces
16
Lot size
0.22 Acres
Property subtype
Mixed Use
Site & Location
Neighborhood
Willard
Highway Access
Yes
Road Access
Yes
Amenities
private fencing
gated access
Building Details
Building Size
6,150 SF
Year Built
1952
Tenancy
Multi
Listing Agency:
L.S. Gateway Realtors
Listed By:
Katrina Pham · License #01700367
(714) 720-7075
Source:
Altamirarealty
Added: Sep 9
Changed: Sep 22
Last Checked: Oct 25 at 12:01AM
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 L.S. Gateway Realtors
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Investment Insights
Based on property information with market context.
This mixed-use property contains approximately 6,150 SF of building area on a 9,583 SF lot and was built in 1952. The improvements include two commercial tenant spaces, an upper-level 1,700 SF unit with three bedrooms and one bathroom, and a separate approximately 2,000 SF commercial space. The upper-level unit has new flooring, new A/C, and updated interior finishes. The larger commercial space is vacant and previously served as an import/export warehouse.
Private fencing, gated access, and 16 dedicated parking spaces support the property's commercial configuration. The site is positioned on W 17th Street in Santa Ana and offers access to the 22 and 5 freeways. Existing occupants include Best Massage and Western Union, while the vacant commercial area provides space for an owner-user or additional leasing.
Private fencing, gated access, and 16 dedicated parking spaces support the property's commercial configuration. The site is positioned on W 17th Street in Santa Ana and offers access to the 22 and 5 freeways. Existing occupants include Best Massage and Western Union, while the vacant commercial area provides space for an owner-user or additional leasing.
Key Highlights
- Approximately 6,150 SF building on a 9,583 SF lot
- 16 dedicated parking spaces with private fencing and gated access
- Two commercial tenants: Best Massage and Western Union
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$99,722
Cap Rate
6.23%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,994,440
$2.0M
Cap Rate 7%
$1,424,600
$1.4M
Cap Rate 9%
$1,108,022
$1.1M
Market Conditions
NOI Build-Up for 6,150 SF
Gross rent
$169.7K $27.60/SF
− Vacancy
−$10.2K −$1.66/SF
EGI
$159.6K $25.94/SF
− OpEx
−$59.8K −$9.73/SF
NOI
$99.7K $16.22/SF
Area
Santa Ana, CA
Vacancy
6.00%
Lease Rate
$27.60 /SF/Yr
Expense Ratio
37.50%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,994,440
Cap Rate 7%
$1,424,600
Cap Rate 9%
$1,108,022
Alternative Uses
Best Use
Mixed Use
$1.42M
$1.25M – $1.66M
NOI $99,722 @ 7.0% cap · market cap 6.23%
Second Best
Retail
$1.37M
$1.20M – $1.60M
NOI $96,088 @ 7.0% cap · market cap 6.01%
Theoretical Best
Office A
$2.08M
$1.82M – $2.42M
NOI $145,469 @ 7.0% cap · market cap 9.09%
Zoning and permitted uses should be independently verified with authorities.
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Current Use
Lease Details
Multi-tenant
Tenancy
Yes
Highway access
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
2,206
Businesses Nearby
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Business Placement
Demographics for 92706, CA
35,621
Population
10,473
Households
3.4
Avg Household Size
35
Median Age
23%
College-Educated
69%
High-School Grad
3.5 sq mi
ZIP Area
10,177
Density / Sq Mi
$96,424
Median Household Income
$36,850
Median Earnings
$1,890
Median Rent
$839,100
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Retail in West region
Frequently Asked Questions
What type of property is this?
Mixed-use property - Flexible commercial property with two existing tenants, an upper-level unit, parking, and access to major freeways.
Where is this mixed-use property located?
The property is located at 502 W 17th Street Santa Ana, CA.
What is the asking price?
The asking price for this property is $1,599,900.
What are key features of this property?
This property features: Approximately 6,150 SF building on a 9,583 SF lot; 16 dedicated parking spaces with private fencing and gated access; Two commercial tenants: Best Massage and Western Union
