New search
Property profile & analytics
OFF-MARKET
Estimated value
$965,000
Auto shops
521 1st St, Santa Ana, CA 92701-5318
Individually Owned
1-yr Hold
Absentee Owner
Free & Clear
Property ID
US09-1883563
Property summary
AI-generated overview
This 3,131-square-foot freestanding industrial warehouse, built in 1982, presents a unique investment opportunity in Santa Ana, California. Located at 521 E 1st St, 92701, this property boasts three oversized ground-level dock-high doors, providing excellent access for loading and unloading. The warehouse features a minimum ceiling height of 18 feet, offering ample storage space. The property includes a fenced yard and convenient parking, with a ratio of 3.19 parking spaces per 1,000 square feet (a total of 10 stalls). Two parcels comprise the property, identified by APN numbers 398-491-26 & 27. The building is zoned SD-84. Situated in Santa Ana's Opportunity Zone, this location offers significant advantages. The property's exceptional walk score of 95 and proximity to Downtown Santa Ana (DTSA), home to over 400 businesses, further enhances its appeal. Previously used as an auto shop, this versatile space is ready for its next chapter. The asking price is $1,174,000.
Property profile
Verified
Property type
Auto shops
Use group
AUTO REPAIR, GARAGE
Year built
1982
Lot
0.09 ac (3,729 SF)
APN
398-491-27
UPID
US09-1883563
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
-
Auto Force Auto Repair Shop
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$890k
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$965k
Owner & transaction history
Lee Jakobs · 1 yrs held
Lee Jakobs
since 2025
Last sale
$1.1M
4 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Cap rate
Implied · in-place · derived from last sale + estimated NOI
Implied Cap rate
#1
Implied · in-place · NOI ÷ last sale
In-place · derived from last sale + estimated NOI
Cap rate, NOI & submarket benchmark
Implied cap rate vs Santa Ana submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Santa Ana submarket · NOI estimate · typical band, median & reading
Refine your cap rate
8-question underwriting flow
1.
Property current status — Going-In vs Stabilized
2.
Price for denominator — asking / offer / market
3.
Leasing status & lease structure (NNN / Gross)
4.
Tenant risk profile & vacancy assumption
5.
Upload T12 / rent roll / OM (optional)
Refine in 60 seconds, get exact suggested price
T12 upload · Submarket benchmarks · Sensitivity grid
Suggested price · 3 cap rate anchors
Income approach @ 5% / 7% / 9% — aggressive / typical / conservative
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · Implied $/SF per anchor · Sensitivity grid
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · implied $/SF · sensitivity
Value
AI, CAP & Alternative Use estimations · Realmo proprietary blendValue Estimations
Based on Realmo’s proprietary methodology
AI Approach
Method
Estimation
Statistic approach
$800,000
ML approach
$890,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Blend value · Realmo final
$965k
Range $869k – $1.06M · ±10% · vs last sale $1.09M (Apr 16 2025)
Last sale anchor
$1.09M
Apr 16 2025
Realmo estimate · informational only.
These numbers are calculated by our models from public records and may not reflect actual market value.
Not an appraisal.
Verify with a licensed appraiser before transacting. Realmo accepts no liability for divergence from real-world outcomes.
View the full estimation — every method, every assumption
Confidence drivers & risk notes · Custom comparable set · Free for first 3 / day
Full estimation methodology
Every method · every assumption · confidence drivers
Price per SF
Sale + rent benchmarks
Subject property
—
Submarket sale & rent benchmarks
Median sale $/SF · Asking & closed rent · Submarket vacancy
Submarket sale & rent benchmarks
Median sale $/SF · asking & closed rent · submarket vacancy
Property tax & assessments
Tax year 2024Property tax & assessments
Tax year 2024
Tax billed
$464
Tax year 2024
Assessed value
$40,164
Assessed 2024
Previous assessed
$40,164
+0.0% YoY
Effective rate
1.16%
On assessed value
Assessed land
$22,406
Assessed improvement
$17,758
Applied tax rate
11.0000
Comparables
6 recent transactions · within 1.5 miComparable in this city
6 recent transactions
Comparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
Recent comparable sales
Sale price & $/SF · sale date & distance · adjustments
Property description
Physical attributes from public recordsBuilding & lot
Public records
Property type
Auto shops
Use group
AUTO REPAIR, GARAGE
Status
Off-Market
Year built
1982
Heating
NONE
Stories
1
Lot
0.09 ac (3,729 SF)
APN
398-491-27
UPID
US09-1883563
Jurisdiction
ORANGE
Metro division
SANTA ANA-ANAHEIM-IRVINE, CA METROPOLITAN DIVISION
Zoning & alternative use
Zoning · permitted uses
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Building & site characteristics
From public records
Year built
1982
Heating
NONE
Stories
1
Lot
0.09 ac
Current owner
From public records · entity-resolved
Lee Jakobs
Individual
Free & Clear · 1 yrs held
Mailing address
60 MIRABEL AVE, MILL VALLEY, CA 94941-2745
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2025
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
4 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Sep 9, 2025
—
Meliton Marcelo Vasquez
—
Deed
related
$77,050 · Lee Jakobs
Apr 16, 2025
—
Lee Jakobs
Jamie Elise Kidson
Deed
related
—
Apr 16, 2025
$1,090,000
Meliton Marcelo Vasquez
Lee Jakobs
Grant Deed
$1,000,000 · Us Bank NA
Jan 21, 2021
—
Lee Jakobs
Jakobs B & J H Trust
Quit Claim Deed
related
—
Coming soon
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Coming soon
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.
Try Rey
Ask anything about this address in plain English.
“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
You own 521 1st St?
List it free. Reach 20,000 daily buyers.
We’ve already pulled the facts. Confirm photos + price and you’re live in 2 minutes.
List this address →
Full reports are paid
Unlock the full Property Analytics report
Start free for 7 days — no card required. Full owner contacts, all 4 valuations with methodology, refine flow, comparable adjustments, foot-traffic deep dive, export to PDF / CSV.
