Remodeled Office Condo For
960 W 17th Santa Ana, CA 92706
960 W 17th, Santa Ana, CA, 92706
$430,000
For Sale
$430,000
Remodeled office condo in Wellington Square, suitable for owner/user.
Property Size1,311 SF
Price / SF$327.99
Days on Market85
Property Features for 960 W 17th
General Information
- Standard status
- Active
- Size
- 1,311 SF
- Property subtype
- Commercial
Building Details
- Year Built
- 1980
Listing Agency
SMART EQUITY REALTY
(818) 867-9233
Listed by
Gustavo Friera · License #01771120
Source
Elliman
Added: Apr 24 Checked: Jul 17 at 6:58 am
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 SMART EQUITY REALTY
Investment Insights
Based on property information with market context.
This remodeled professional office condo, Unit 36-F, offers 1311 square feet and is suitable for an owner/user or as an investment property. The unit features a professional layout with offices and a reception area. Ample parking is available, and HOA fees are low. The property is located in Wellington Square, a professionally managed complex designed for professional firms such as attorneys, medical offices, CPAs, accounting firms, financial services, architects, and marketing consultants. The location provides convenient access to the Main Mall, O/C Civic Center, Santa Ana City Hall, and the O/C Superior Court House, as well as the 5 Freeway. Unit F/36 is divided into front and back sections, each with its own independent entrance, air conditioning, and bathroom, allowing it to be leased to two different tenants. The sellers also own the adjacent unit 35-E, which has 754 square feet and is listed separately. Unit E/35 has its own bathroom and air conditioning. Both units are currently internally connected. Ideally, an owner could use one part of Unit F/36 and lease the other part, while Unit E/35 could be leased separately. The sellers prefer to sell both units together. The property has a bike score of 67, indicating it is bikeable, a walk score of 89, indicating it is very walkable, and a transit score of 52, indicating good transit options.
Key Highlights
- Remodeled 1311 sq. ft. professional office/condo unit.
- Potential for dual tenancy with independent entrances, A/C, and baths in Unit F/36.
- Excellent location near Main Mall, O/C Civic Center, Santa Ana City Hall, and O/C Superior Court House.
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 | $33.8k | $25.80 |
| − Vacancy | −$2.2k | −$1.68 |
| EGI | $31.6k | $24.12 |
| − OpEx | −$7.9k | −$6.03 |
| NOI | $23.7k | $18.09 |
1,311 SF · lease $25.80/SF/yr · vacancy 6.50% · expense 25.00%
Alternative Uses
Best Use
Office B
$338.8K
$296.5K – $395.3K
NOI $23,719 @ 7.0% cap · market cap 5.52%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$443.0K
$387.6K – $516.8K
NOI $31,010 @ 7.0% cap · market cap 7.21%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Law Offices of Martin ...
Law Firm
Tax and Finance Solutions, ...
Accounting Firm
Associates in Counseling & Mediation ...
Family Counselor
Logos Language
Translation Service
Blue Ocean USA ...
Dental Office
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FAQs
What type of property is this?
Office units - Remodeled office condo in Wellington Square, suitable for owner/user.
Where is this office units located?
The property is located at 960 W 17th Santa Ana, CA.
What is the asking price?
The asking price for this property is $430,000.
What are key features of this property?
This property features: Remodeled 1311 sq. ft. professional office/condo unit.; Potential for dual tenancy with independent entrances, A/C, and baths in Unit F/36.; Excellent location near Main Mall, O/C Civic Center, Santa Ana City Hall, and O/C Superior Court House.
