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2070 N Tustin Ave Santa Ana, CA 92705

Commercial real estate Google Maps
9,792 SF 0.22 ac lot Built 1980
Individually Owned ~ Est. High Equity
Estimated value (blended)
$640k
Range $576k – $704k (±10%)
Property ID US09-1473449

Property summary

AI-generated overview

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.

Property profile

Verified
Property type Commercial real estate
Use group COMMERCIAL (GENERAL)
Year built 1980
Total area 9,792 SF
Lot 0.22 ac (9,479 SF)
APN 396-332-06
UPID US09-1473449

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
  • Law Firm
  • Law Firm Insurance Agency
  • Law Firm
  • Law Firm
  • Law Firm

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
$555k
CAP Approach CAP
by Request
Comparable Approach Comparable
$641k
Blend (final) Blend
$640k

Owner & transaction history

since 2026
Last sale
$525,000
7 recorded transactions
2026
Price N/A
2026
Price N/A
2025
Price N/A
2020
Price N/A
2016
$289,000
2016
Price N/A
2016
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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More about this property
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