104 E 4Th St Santa Ana, CA 92701
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.
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El Rincon Mexicano Restaurant
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Vigo Envios de Dinero Bank Credit Union
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendProperty tax & assessments
Tax year 2024Comparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Property description
Physical attributes from public recordsZoning & alternative use
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.