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- LoopNet Team
421 N Harbor Blvd
Santa Ana, CA 92703
INFILL DEVELOPMENT OPPORTUNITY · Land For Sale
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1.95 AC
PROPERTY FACTS
| Property Type | Land | Total Lot Size | 1.95 AC |
| Property Subtype | Commercial | No. Stories | 1 |
| Proposed Use | Cross Streets | 5th Street | |
| Zoning | SP2 - SP2 - Harbor Mixed Use Transit Corridor Specific Plan | ||
| Property Type | Land |
| Property Subtype | Commercial |
| Proposed Use | |
| Total Lot Size | 1.95 AC |
| No. Stories | 1 |
| Cross Streets | 5th Street |
| Zoning | SP2 - SP2 - Harbor Mixed Use Transit Corridor Specific Plan |
DESCRIPTION
• Rare opportunity to acquire 1.85 acres on the signalized intersection of 5th Street and North Harbor Boulevard in the city of Santa Ana, Orange County. The Harbor Apartments is a fully entitled, 4 story, 97 (MARKET RATE) 1 and 2 Bedroom residential units designed around a 3.5 story parking garage with 10,000 square feet of shopfront retail along North Harbor Blvd. •The project area is located in a highly urbanized, built-out portion of central Orange County. Surrounded by residential and retail uses in one of the primary gateways to the Downtown Santa Ana trade area. •Orange County is in a particularly difficult situation as it desperately requires commercial real estate developers to build 98,000 residential units by 2030 as housing demand is expected to double by 114,000 units as soon as 2045. • In order to combat the housing shortage, a new plan called the NHSP (North Harbor Specific Plan) has created favorable zoning ordinances for developers that would allow new development for approximately 4,600 residential units and 2 million square feet of commercial space to be developed within the plan area.
PROPERTY TAXES
| Parcel Numbers | Improvements Assessment | $0 | |
| Land Assessment | $4,012,934 | Total Assessment | $4,012,934 |
PROPERTY TAXES
