2070 Tustin Ave Santa Ana, CA 92705

Property Details for 2070 Tustin Ave

Year built

1980

Lot size

0.22 lot acres

Property size

9,792 SF

Property type

Commercial real estate

APN

396-332-06

APU

39633206

Description

This two-story, 9,032 square foot freestanding office building in Santa Ana, CA presents a unique owner-user opportunity. Located at 2070 N Tustin Ave, this property boasts a prime location near the 55, 5, and 22 freeways, offering easy access to major transportation routes and numerous nearby amenities. Built in 1981 and renovated in 2024, the building features a functional layout including a reception area, private offices, a conference room, open areas with cubicles, restrooms, and a kitchenette/employee lounge. The ground floor, approximately 4,016 square feet, is currently available for an owner-occupant, while the second floor (also approximately 4,016 square feet) is leased to a construction company through June 30, 2028, with two one-year lease options. The current monthly rent for the second floor is $7,875 gross, with a scheduled rent abatement in March 2025 and 3% annual increases starting May 1, 2025. The asking price is $3,425,000 ($379 per square foot). This property offers a compelling investment opportunity, allowing a buyer to lock in their occupancy costs and build equity. The building's configuration, with its vaulted ceilings and abundant natural light, makes it an attractive space for a variety of businesses. The prominent location on N Tustin Ave provides excellent visibility and signage opportunities. This sale satisfies an SBA loan requirement provided the new owner's company pays for 51% or more of the building income. A 25-year fully amortized 90% SBA loan is possible.

Location Insight

City

Santa Ana

County

Orange

State

California

Longitude

-117.836

Latitude

33.7637

CBSA code

31080

CBSA name

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

Property Tax & Assessments