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West 5th Redevelopment Land 2 Properties Offered at $3,041,000 in Santa Ana, CA
INVESTMENT HIGHLIGHTS
- Harbor Mixed Use Transit Corridor Specific Plan (SP2)
- Potential to Build Multifamily/Retail/Mixed Use
- Corner Lot
EXECUTIVE SUMMARY
Opportunity zoned, corner location, 2 parcels equaling .77 acres/33,798 sq. ft. Ready for redevelopment, zoned commercial and is within the Harbor Mixed Use Transit Corridor Specific Plan (SP2). Potential uses include retail, medical, mixed use, residential/multi-family, etc. Get income while going through planning and entitlements. Currently leased to an auto salvage tenant at $9500 per month with lease expiring at the end of 2027. Clean phase 1 & 2 from March 2024 on file. Drive by only, please do not disturb the occupant.
TAXES & OPERATING EXPENSES (ACTUAL - 2025) |
ANNUAL |
|---|---|
| Gross Rental Income |
$114,000
|
| Other Income |
-
|
| Vacancy Loss |
-
|
| Effective Gross Income |
$114,000
|
| Taxes |
$6,074
|
| Operating Expenses |
$1,500
|
| Total Expenses |
$7,574
|
| Net Operating Income |
$106,426
|
TAXES & OPERATING EXPENSES (ACTUAL - 2025)
| Gross Rental Income | |
|---|---|
| Annual | $114,000 |
| Other Income | |
|---|---|
| Annual | - |
| Vacancy Loss | |
|---|---|
| Annual | - |
| Effective Gross Income | |
|---|---|
| Annual | $114,000 |
| Taxes | |
|---|---|
| Annual | $6,074 |
| Operating Expenses | |
|---|---|
| Annual | $1,500 |
| Total Expenses | |
|---|---|
| Annual | $7,574 |
| Net Operating Income | |
|---|---|
| Annual | $106,426 |
PROPERTY FACTS
PROPERTIES
| PROPERTY NAME / ADDRESS | PROPERTY TYPE | SIZE | YEAR BUILT | INDIVIDUAL PRICE |
|---|---|---|---|---|
| 3226 W 5th St, Santa Ana, CA 92703 | Industrial | 880 SF | 1980 | - |
| 3230 W 5th St, Santa Ana, CA 92703 | Specialty | 33,716 SF | 1980 | - |
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West 5th Redevelopment Land
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