Redevelopment Opportunity - Santa Ana 2 Properties in Santa Ana, CA
INVESTMENT HIGHLIGHTS
- Two Adjacent Development Sites - providing a larger canvas for redevelopment projects and include a 1.50-acre parcel and a 1.36-acre parcel
- Prime Santa Ana Location – Located immediately west of the I-5 and 55 Freeways
- Beneficial Zoning for Development – Situated in the recently updated Metro East Mixed- Use (MEMU) Overlay
EXECUTIVE SUMMARY
* Two Adjacent Development Sites – 1502 and 1519 E 1st Street are located across the street from each other, providing a larger canvas for redevelopment projects and include a 1.50-acre parcel (1502) and a 1.36-acre parcel (1519) with existing motels situated on both properties
* Beneficial Zoning for Development – Situated in the recently updated Metro East Mixed- Use (MEMU) Overlay both For Sale & Multi-Housing development, within the Neighborhood Transitional District of the Overlay allowing Live/Work units and Multiple-Family Residential
* Prime Santa Ana Location – Located immediately west of the I-5 and 55 Freeways, the sites are near Santa Ana’s historic core, the center of significant upgrade efforts and attractive cultural and entertainment home to award-winning educational and cultural institutions, Artists Village, Historic East End, as well as sporting venues, and museums. There are more 3,000 single-family homes, condos, and apartments in the development pipeline in the downtown and surrounding area.
* Dense, Affluent Orange County Demographics:
* 43,808 residents within a 1-mile radius with $93,979 AHI
* 274,188 residents within a 3-mile radius with $124,338 AHI
* 660,115 residents within a 5-mile radius with $137,800 AHI
* Approximately 2 million people live within a 10-mile radius with an annual household spending budget of $54.3+ billion
* Beneficial Zoning for Development – Situated in the recently updated Metro East Mixed- Use (MEMU) Overlay both For Sale & Multi-Housing development, within the Neighborhood Transitional District of the Overlay allowing Live/Work units and Multiple-Family Residential
* Prime Santa Ana Location – Located immediately west of the I-5 and 55 Freeways, the sites are near Santa Ana’s historic core, the center of significant upgrade efforts and attractive cultural and entertainment home to award-winning educational and cultural institutions, Artists Village, Historic East End, as well as sporting venues, and museums. There are more 3,000 single-family homes, condos, and apartments in the development pipeline in the downtown and surrounding area.
* Dense, Affluent Orange County Demographics:
* 43,808 residents within a 1-mile radius with $93,979 AHI
* 274,188 residents within a 3-mile radius with $124,338 AHI
* 660,115 residents within a 5-mile radius with $137,800 AHI
* Approximately 2 million people live within a 10-mile radius with an annual household spending budget of $54.3+ billion
PROPERTY FACTS
| Sale Type | Investment |
| Status | Active |
| Number of Properties | 2 |
| Individually For Sale | 0 |
| Total Building Size | 25,526 SF |
| Total Land Area | 2.86 AC |
PROPERTIES
| PROPERTY NAME / ADDRESS | PROPERTY TYPE | SIZE | YEAR BUILT | INDIVIDUAL PRICE |
|---|---|---|---|---|
|
Royal Grand Inn
1519 E 1st St, Santa Ana, CA 92701 |
Hospitality | 20,654 SF | 1967 | - |
| 1502 E 1st St, Santa Ana, CA 92701 | Retail | 4,872 SF | 1964 | - |
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