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1854 W 17th St 2,468 SF 100% Leased Retail Building Santa Ana, CA 92706 $950,000 ($384.93/SF) 2.32% Cap Rate
Investment Highlights
- Heavily traveled corridor with lots of foot traffic
- Two retail units and a studio
- Excellent visibility
Executive Summary
You have to see it to believe it! First time on the market since 1972, this fabulous commercial/mixed unit building sits right on the 17th Street main business corridor. Just properties over from Santa Ana Community Collage and moments from the 5 Freeway, this standalone building offers excellent visibility, high foot traffic, and convenience in a centrally located, rapidly growing area. Consisting of two retail units and a studio rental unit, this was the home of ENG Carpet Services which at one time occupied the entire space as both a show room and warehouse with load area in the back. Eight parking spaces in the back. An interesting opportunity coupled with unique history.
Financial Summary (Actual - 2025) |
Annual | Annual Per SF |
|---|---|---|
| Gross Rental Income |
$28,800
|
$11.67
|
| Other Income |
-
|
-
|
| Vacancy Loss |
-
|
-
|
| Effective Gross Income |
$28,800
|
$11.67
|
| Taxes |
$2,476
|
$1.00
|
| Operating Expenses |
$11,097
|
$4.50
|
| Total Expenses |
$13,573
|
$5.50
|
| Net Operating Income |
$15,227
|
$6.17
|
Financial Summary (Actual - 2025)
| Gross Rental Income | |
|---|---|
| Annual | $28,800 |
| Annual Per SF | $11.67 |
| Other Income | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Vacancy Loss | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Effective Gross Income | |
|---|---|
| Annual | $28,800 |
| Annual Per SF | $11.67 |
| Taxes | |
|---|---|
| Annual | $2,476 |
| Annual Per SF | $1.00 |
| Operating Expenses | |
|---|---|
| Annual | $11,097 |
| Annual Per SF | $4.50 |
| Total Expenses | |
|---|---|
| Annual | $13,573 |
| Annual Per SF | $5.50 |
| Net Operating Income | |
|---|---|
| Annual | $15,227 |
| Annual Per SF | $6.17 |
Property Facts
Sale Type
Investment or Owner User
Sale Condition
1031 Exchange
Property Type
Retail
Property Subtype
Building Size
2,468 SF
Building Class
C
Year Built
1931
Price
$950,000
Price Per SF
$384.93
Cap Rate
2.32%
NOI
$22,000
Percent Leased
100%
Tenancy
Multiple
Building Height
1 Story
Building FAR
0.32
Lot Size
0.18 AC
Zoning
Commercial
Parking
10 Spaces (4.05 Spaces per 1,000 SF Leased)
Frontage
126’ on 17th St
Amenities
- Bus Line
- Signage
Major Tenants
- Tenant
- Industry
- SF Occupied
- Rent/SF
- Lease End
- Jose Upholstery
- Services
- -
- -
- -
| Tenant | Industry | SF Occupied | Rent/SF | Lease End | ||
| Jose Upholstery | Services | - | - | - |
Bike Score®
Very Bikeable (71)
Nearby Major Retailers
Property Taxes
| Parcel Number | 004-044-42 | Total Assessment | $141,387 |
| Land Assessment | $78,724 | Annual Taxes | $2,476 ($1.00/SF) |
| Improvements Assessment | $62,663 | Tax Year | 2025 |
Property Taxes
Parcel Number
004-044-42
Land Assessment
$78,724
Improvements Assessment
$62,663
Total Assessment
$141,387
Annual Taxes
$2,476 ($1.00/SF)
Tax Year
2025
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Presented by
Meridian Property Management
1854 W 17th St
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