3226 5Th StSanta Ana, CA 92703

Property Details for 3226 5Th St

Year built

1920

Lot size

0.39 AC

Property type

Other commercial real estate

APN

198-261-25

APU

19826125

Description

This exceptional redevelopment opportunity encompasses two properties at 3226 & 3230 W 5th St, Santa Ana, CA 92703, totaling 33,533 square feet. Currently occupied by a single tenant under a gross lease with a remaining term of approximately 3.1 years (expiring December 31, 2027), the property generates a strong net operating income (NOI) of $114,000, representing a 4.77% cap rate. The asking price is $2,390,000, translating to $2,715.91 per square foot and $85 per square foot of land value. The combined building area is 880 square feet. The properties are zoned SP2 (Harbor Mixed Use Transit Corridor Specific Plan), allowing for multi-family residential development (up to 40 units per acre). Grandfathered uses include towing and auto salvage. Located in an opportunity zone, this site presents substantial tax benefits and community impact potential. Clear environmental reports are available. This property is ideal for owner-users, investors, or developers seeking a high-return investment in a prime Santa Ana location. The parcel numbers are APN 198-261-25 and APN 198-261-24.

Location Insight

City

Santa Ana

County

Orange

State

California

Latitude

33.7485

Longitude

-117.913

CBSA code

31080

CBSA name

LOS ANGELES-LONG BEACH-ANAHEIM, CA METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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