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104 E 4th St 7,503 SF 100% Leased Retail Building Santa Ana, CA 92701 $3,405,000 ($453.82/SF) 6.52% Cap Rate
INVESTMENT HIGHLIGHTS
- RECENT EARTHQUAKE RETROFIT $600,000 investment to ensure building safety and compliance, enhancing the property’s long-term value
- FULLY LEASED WITH STABLE TENANTS 100% leased with long-term, reliable tenants including El Rincon Mexican Restaurant and OC Beauty Lounge
- PRIME DOWNTOWN LOCATION Situated at the intersection of 4th Street & Main Street in Santa Ana, benefiting from high foot traffic
EXECUTIVE SUMMARY
104 East 4th Street & 315 Main Street presents an exceptional opportunity to acquire a two-story, 100% leased retail property in the heart of Downtown Santa Ana, one of Orange County’s most dynamic and evolving urban centers. Originally constructed in 1890, the property combines historic architectural character with modern functionality, offering both curb appeal and long-term stability.
Strategically located on the prominent corner of 4th Street and Main Street, the property benefits from strong visibility, heavy pedestrian activity, and proximity to a wide range of amenities, including restaurants, boutique retailers, coffee shops, and fitness clubs. Downtown Santa Ana has emerged as a hub for food, culture, and nightlife, attracting consistent daily traffic and long-term growth.
The building is fully leased under an absolute NNN structure to El Rincon Mexican Restaurant, a well-established operator, with a sublease to OC Beauty Lounge, which has been successfully operating since 2002. The current lease guarantees 10 years of income, providing investors with hands-off ownership and minimal management responsibilities.
Strategically located on the prominent corner of 4th Street and Main Street, the property benefits from strong visibility, heavy pedestrian activity, and proximity to a wide range of amenities, including restaurants, boutique retailers, coffee shops, and fitness clubs. Downtown Santa Ana has emerged as a hub for food, culture, and nightlife, attracting consistent daily traffic and long-term growth.
The building is fully leased under an absolute NNN structure to El Rincon Mexican Restaurant, a well-established operator, with a sublease to OC Beauty Lounge, which has been successfully operating since 2002. The current lease guarantees 10 years of income, providing investors with hands-off ownership and minimal management responsibilities.
FINANCIAL SUMMARY (ACTUAL - 2024) Click Here to Access |
ANNUAL | ANNUAL PER SF |
|---|---|---|
| Gross Rental Income |
$99,999
|
$9.99
|
| Other Income |
-
|
-
|
| Vacancy Loss |
-
|
-
|
| Effective Gross Income |
$99,999
|
$9.99
|
| Taxes |
-
|
-
|
| Operating Expenses |
-
|
-
|
| Total Expenses |
$99,999
|
$9.99
|
| Net Operating Income |
$99,999
|
$9.99
|
FINANCIAL SUMMARY (ACTUAL - 2024) Click Here to Access
| Gross Rental Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Other Income | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Vacancy Loss | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Effective Gross Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Taxes | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Operating Expenses | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Total Expenses | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Net Operating Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
PROPERTY FACTS
Sale Type
Investment
Property Type
Building Size
7,503 SF
Building Class
C
Year Built
1890
Price
$3,405,000
Price Per SF
$453.82
Cap Rate
6.52%
NOI
$222,000
Percent Leased
100%
Tenancy
Multiple
Building Height
2 Stories
Building FAR
0.86
Lot Size
0.20 AC
Opportunity Zone
Yes
Zoning
3COM - Commercial
Frontage
AMENITIES
- Signage
MAJOR TENANTS Click Here to Access
- TENANT
- INDUSTRY
- SF OCCUPIED
- RENT/SF
- LEASE TYPE
- LEASE END
- El Rincon Mexican Restaurant
- Services
- -
-
$9.99
-
Lorem Ipsum
-
Jan 0000
| TENANT | INDUSTRY | SF OCCUPIED | RENT/SF | LEASE TYPE | LEASE END | |
| El Rincon Mexican Restaurant | Services | - | $9.99 | Lorem Ipsum | Jan 0000 |
Walk Score®
Walker's Paradise (99)
NEARBY MAJOR RETAILERS
PROPERTY TAXES
| Parcel Number | 398-501-02 | Improvements Assessment | $499,667 (2025) |
| Land Assessment | $101,381 (2025) | Total Assessment | $601,048 (2025) |
PROPERTY TAXES
Parcel Number
398-501-02
Land Assessment
$101,381 (2025)
Improvements Assessment
$499,667 (2025)
Total Assessment
$601,048 (2025)
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104 E 4th St
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