1935 17Th St Santa Ana, CA 92705
This exceptional investment opportunity presents a fully leased, 8,104 square foot retail shopping center located at 1935 E 17th St, Santa Ana, CA 92705. The property, built in 1997, sits on a 25,700 square foot lot and boasts a 5.40% cap rate with a Net Operating Income (NOI) of $334,592. Currently housing six tenants under NNN leases, the center enjoys 100% occupancy and minimal management requirements. Key anchors include Hobby Lobby, Esporta Fitness, and Carl's Jr. The property benefits from a prime location in a high-traffic area with over 60,000 vehicles passing daily, situated near major freeways (SR-55, I-22, SR-57, and I-5) and surrounded by a dense population with high average household income exceeding $146,000 within a 5-mile radius. The C5 (General Commercial) zoning provides flexibility. This well-maintained property is offered at $6,200,000 and is ideally suited for a 1031 exchange investor, offering a strong return on investment with a stable tenant base and excellent location. The property is free and clear of debt, allowing for an all-cash purchase. APN: 396-321-20.
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Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendComparables
6 recent transactions · within 1.5 miComparable in this City
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Property description
Physical attributes from public recordsZoning & alternative use
No recorded transactions found for this property.
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.