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902 N Grand Ave 20,043 SF 100% Leased Office Building Santa Ana, CA 92701 For Sale
INVESTMENT HIGHLIGHTS
- COVERED LAND OPPORTUNITY – 0.80-acre parcel in Santa Ana’s District Center-High zone, allowing for 5.0 FAR, 125 du/ac, and up to 25 stories.
- SBA FINANCING POTENTIAL – Income-generating SBA opportunity with over 50% delivered vacant.
- EXISTING INCOME – Currently improved with a 20,043 SF building producing over $18,000 in monthly gross rent.
EXECUTIVE SUMMARY
The Parham Group at Marcus & Millichap is pleased to present for sale 902 N Grand Ave, Santa Ana. This property totals ±34,848 SF of land with a ±20,043 SF office building currently generating $18,000+ per month in gross income. For users or investors, the existing structure provides immediate income potential and SBA financing eligibility. For developers, the site is located in a Qualified Census Tract (QCT) and within ½ mile of major public transit, making it eligible for AB 2097 parking relief and a 30 percent LIHTC basis boost — two powerful advantages for future residential or mixed-use development.
PROPERTY FACTS
Sale Type
Investment or Owner User
Property Type
Office
Property Subtype
Building Size
20,043 SF
Building Class
B
Year Built
1987
Percent Leased
100%
Tenancy
Multiple
Building Height
2 Stories
Typical Floor Size
10,022 SF
Building FAR
0.61
Lot Size
0.76 AC
Opportunity Zone
Yes
Zoning
DC-5 - District Center–High (DC-5) allows for up to 125 units per acre, a 5.0 FAR, and building heights up to 25 stories
Parking
55 Spaces (2.74 Spaces per 1,000 SF Leased)
AMENITIES
- Bus Line
- Property Manager on Site
- Security System
- Natural Light
- Open-Plan
- Hardwood Floors
- Air Conditioning
- Balcony
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PROPERTY TAXES
| Parcel Number | 398-101-14 | Improvements Assessment | $1,843,976 |
| Land Assessment | $1,564,734 | Total Assessment | $3,408,710 |
PROPERTY TAXES
Parcel Number
398-101-14
Land Assessment
$1,564,734
Improvements Assessment
$1,843,976
Total Assessment
$3,408,710
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902 N Grand Ave
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