104 4Th St Santa Ana, CA 92701
- Investment properties
- 3,110 SF
- 0.07 lot acres
Current Use by Public Records
- El Rincon Mexicano / Mexican Restaurant
- Vigo Envios de Dinero / Money Transfer Service
Property Details for 104 4Th St
- Year built
- 1990
- Lot size
- 0.07 lot acres
- Property size
- 3,110 SF
- Property type
- Investment properties
- Property subtype
- Retail residential properties
- APN
- 398-501-02
- APU
- 39850102
Description
This exceptional investment opportunity presents a fully leased, ±7,503 square foot restaurant building located at 104 E 4th St, Santa Ana, CA 92701. The property, built in 1890, boasts a prime location in Downtown Santa Ana's vibrant commercial district, benefiting from high foot traffic and proximity to numerous amenities. Currently 100% leased to El Rincon Mexican Restaurant (generating approximately $2,000,000 in annual revenue) under an absolute NNN lease extending through 2035, this property offers exceptional stability and predictable income. The lease includes a sublease to OC Beauty Lounge, further diversifying income streams. The building sits on approximately 0.20 acres and is zoned 3-COM (Commercial). With a 5.0% cap rate and a Year 1 NOI of $222,000, this $4,400,000 offering presents a compelling return on investment. The property's historic character, combined with its prominent curb appeal and location within a thriving creative enclave, makes it a truly unique and attractive investment. This is a rare opportunity to acquire a stable, high-performing asset in a desirable and rapidly growing area.
Value Estimation
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CAP approach
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Comparable approach
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Alternative Use
Location Insight
- Map
- Local Demand
- City
- Santa Ana
- County
- Orange
- State
- California
- Longitude
- -117.867
- Latitude
- 33.7477
- CBSA code
- 31080
- CBSA name
- LOS ANGELES-LONG BEACH-ANAHEIM, CA METROPOLITAN STATISTICAL AREA
