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Property profile & analytics
FOR SALE
Investment properties

104 E 4Th St Santa Ana, CA 92701

3,110 SF 0.07 ac lot Built 1990
Trust Owned 12-yr Hold Absentee Owner ~ Est. High Equity
Property ID
US09-2091730
Property summary
AI-generated overview

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.

Property profile
Verified
Property type Investment properties
Use group STORE/OFFICE (MIXED USE)
Year built 1990
Total area 3,110 SF
Lot 0.07 ac (3,113 SF)
APN 398-501-02
UPID US09-2091730
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Current use
Occupant on record · Public records
  • El Rincon Mexicano Restaurant
  • Vigo Envios de Dinero Bank Credit Union
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
$680k
Comparable Approach Comparable
$429k
Blend (final) Blend
$575k
Owner & transaction history
Foigelman Family Trust · 12 yrs held
Foigelman Family Trust
since 2013
7 recorded transactions
2013
Price N/A
1998
$1,000
1998
$1,000
1997
$4,000
1990
$892,500
1969
Price N/A
1969
Price N/A
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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