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1940 17th St Santa Ana, CA 92705-8606

OFF-MARKET Commercial real estate Google Maps
9,912 SF 0.4 ac lot Built 1968
Entity Owned 1-yr Hold Absentee Owner ~ Est. High Equity
Estimated value (blended)
$2.14M
Range $1.93M – $2.35M (±10%)
Property ID US09-0962363

Property summary

AI-generated overview

This exceptional 9,912-square-foot freestanding medical office building, located at 1940 E 17th St in Santa Ana, California, presents a unique investment opportunity. Priced at $2,050,000 ($231 per square foot), the property boasts significant street frontage with excellent signage potential. The building offers unmatched flexibility, allowing for a variety of uses including medical, retail, religious, daycare, or adult care facilities, thanks to its flexible zoning. The substantial private parking lot provides ample space for patients and staff, with the potential for additional parking. Enjoy a generous windowline and an elevator for convenient access throughout the building. This prime location in Orange County offers easy access to major freeways, placing it within close proximity to restaurants, parks, other retail establishments, residential areas, and schools. The high traffic volume on 17th Street, with approximately 31,000 cars passing daily, ensures high visibility and accessibility for your business. This is a rare chance to acquire a well-situated, versatile property in a thriving area. Don't miss this opportunity to design and develop your ideal space in this highly desirable location. The zip code is 92705.

Property profile

Verified
Property type Commercial real estate
Use group COMMERCIAL (GENERAL)
Year built 1968
Total area 9,912 SF
Lot 0.4 ac (17,280 SF)
APN 400-011-02
UPID US09-0962363

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Current use

Occupant on record · Public records
  • General Contractor
  • Employment Agency
  • Accounting Firm Tax Preparation
  • Financial Advisor
  • Church

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
$2.09M
CAP Approach CAP
$2.42M
Comparable Approach Comparable
$1.90M
Blend (final) Blend
$2.14M

Owner & transaction history

since 2025
Last sale
$1.9M
6 recorded transactions
2025
$1.9M
2019
$2.0M
2018
Price N/A
1999
$800,000
1989
$1.1M
1969
Price N/A

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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