1920 Warner Ave Ste 3a Santa Ana, CA 92705-5547
- Office properties & Spaces
- 5,280 SF
Mar 15, 2021
Current Use by Public Records
- Orange County CPA Accountants / Accounting Firm
- 24 Hour Bath Enterprises, Inc. / Renovation Specialist / General Contractor
- Comade, Inc. / Big Box & Wholesale Store
- Proforma Printing Corporation / Marketing & Advertising
- Elye Insurance Agency / Insurance Agency
Property Details for 1920 Warner Ave Ste 3a
- Year built
- 1980
- Property size
- 5,280 SF
- Property type
- Office properties & Spaces
- APN
- 930-854-13
- APU
- 93085413
Description
This exceptional 3,696-square-foot industrial property, located at 1920 Warner Ave in Santa Ana, California (zip code 92705), presents a compelling investment opportunity. Built in 1985, the building boasts a prime location within the Irvine Business Complex, offering immediate access to the 5, 55, and 405 freeways and proximity to John Wayne Airport. The property is situated adjacent to "The Row," a significant development encompassing approximately 11,100 new residential units and 60,000 square feet of commercial space, promising future growth and increased value. Currently configured as two separate units (G and H), each approximately 1,848 square feet, with independent entrances, restrooms, and electrical systems, the building offers flexibility. Unit G is owner-occupied and will be vacant upon sale, while Unit H is leased until April 2025, with the tenant potentially open to extending their lease. Both units feature complete HVAC systems with permits, and can be easily converted back to warehouse space if desired. The property includes two ground-level doors, upgrades throughout, and skylights. It's zoned Light Industrial (M-1) and is located in a Commercial Cannabis zone (verification recommended). The asking price is $1,681,680, translating to $386.99 per square foot. Please respect tenant privacy and do not disturb occupants.
Value Estimations
-
CAP approach
- CAP Return
- Estimation
- 6%
- $1,480,000
- 6.5%
- $1,365,000
- 7%
- $1,270,000
-
Comparable approach
- Method
- Estimation
- AI Estimate
- $1,004,000
Market price range: $997k - $2.59M
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Location Insight
- Map
- Local Demand
- City
- Santa Ana
- County
- Orange
- State
- California
- Longitude
- -117.841
- Latitude
- 33.7123
- CBSA code
- 31080
- CBSA name
- LOS ANGELES-LONG BEACH-ANAHEIM, CA METROPOLITAN STATISTICAL AREA