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Property profile & analytics
OFF-MARKET Estimated value $2,500,000
Drive through restaurants

3502 1st St Santa Ana, CA 92703-3302

2,540 SF 0.7 ac lot Built 1969
Entity Owned 1-yr Hold Absentee Owner Free & Clear
Property ID
US09-8776791
Property summary
AI-generated overview

This exceptional 2,450 square foot restaurant property in Santa Ana, California, presents a unique investment opportunity. Located at 3502 W 1st St, 92703, within the vibrant Little Saigon business district, this single-tenant retail space is fully built-out and ready for immediate occupancy. The property boasts a substantial private lot providing ample parking for patrons. Its strategic location offers high visibility and accessibility, benefiting from significant foot and vehicle traffic. The restaurant's potential for drive-thru service further enhances its operational efficiency and revenue potential. This prime location is adjacent to other thriving retail establishments and a planned mixed-use development comprising a nine-story building with 181 luxury condo units. This proximity to a new luxury residential complex ensures a consistent flow of potential customers. The property's existing build-out minimizes upfront costs, allowing for a swift and efficient transition for new operators. This turnkey solution in a high-demand area makes it an ideal investment for experienced restaurateurs seeking a well-established location or entrepreneurs looking to establish a new culinary venture in a thriving community. The property is situated in Orange County, California.

Property profile
Verified
Property type Drive through restaurants
Use group DRIVE-THRU RESTAURANT, FAST FOOD
Year built 1969
Total area 2,540 SF
Lot 0.7 ac (30,648 SF)
APN 144-321-52
UPID US09-8776791
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
  • Favori Restaurant Restaurant
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
$2.25M
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$2.50M
Owner & transaction history
3502 W 1st Group LLC · 1 yrs held
3502 W 1st Group LLC
since 2025
Last sale
$2.8M
3 recorded transactions
2025
$2.8M
2024
$2.3M
2024
Price N/A
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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