400 Tustin Ave Santa Ana, CA 92705
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Value-add multifamily & medical office opportunity
Property size:
125,043 SFProperty Features for 400 Tustin Ave
General Information
- Property type
- Multifamily properties
- Square Feet
- 125,043 SF
- Class
- B
- Lot Size
- 213,444 SF
Building Details
- Year Built
- 1979
- Stories
- 4
Listing Agent: Jaimeson Hearne
Displayed information is deemed reliable but is not guaranteed and should be independently verified.
Overview
This 125,043 square foot, four-story Class B building in Santa Ana, CA, presents a compelling value-add investment opportunity. Situated on a 4.9-acre lot, the property boasts 77.4% occupancy and offers significant potential for redevelopment. Currently zoned for office professional use, it features approximately 28,265 square feet of immediately available space for an owner-user, with expansion options totaling approximately 67,670 square feet by the end of 2025. The property's central Orange County location, near major freeways, provides excellent access to a large workforce pool. The building's low-rise design is currently outperforming high-rise counterparts in vacancy and rent growth. Up to 16,500 square feet can be converted to medical office space. The property's location within Santa Ana's Village Center District residential overlay, and the potential for assemblage with adjacent properties, presents a significant long-term redevelopment opportunity. The existing parking provides 3.26 spaces per 1,000 square feet. Built in 1979, this property offers a unique blend of immediate income and future upside potential.
Property Profile
Insight Report
Location Intelligence
Current Use by Public Records
Two Miles Tax ...
Tax Preparation
Loanzify
(Bike/Boat/Book/etc) Store
Winzler & Kelly Consltng ...
Engineering Consultant
California Insurance Specialists
Insurance Agency
Law Offices of David ...
Law Firm
Location Insight
- Map
- Local Demand
- City
- Santa Ana
- County
- Orange
- State
- California
- Longitude
- -117.83425478
- Latitude
- 33.74835605
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FAQs
What type of property is this?
Multifamily property - Value-add multifamily & medical office opportunity
Where is this multifamily property located?
The property is located at 400 Tustin Ave Santa Ana, CA.
What are key features of this property?
This property features: Owner-user opportunity: Up to 67,670 SF available; +/-28,265 SF immediately, with an additional +/-39,405 SF by end of 2025. Flexible lease terms allow for significant contiguous space.; Prime Orange County location: Excellent freeway access (5, 55, and 22 Freeways), drawing employees from a wide area including North Orange County, Inland Empire, and coastal communities.; Class A low-rise office building: Unique Class A low-rise building in the ParkCenter submarket; low-rise office space outperforming high-rise in vacancy and rent growth. Potential for up to 16,500 SF medical office conversion.
