626 S Broadway Active Save Request In-Person Tour Request Virtual Tour
Santa Ana,CA 92701
Key Details
Property Type Commercial
Sub Type Mixed Use
Listing Status Active
Purchase Type For Sale
MLS Listing ID OC24233577
HOA Y/N No
Year Built 1919
Annual Tax Amount $4,171
Lot Size 6,098 Sqft
Property Description
Excellent Opportunity to own a Commercial building in the heart of Henninger Park in Historic Santa Ana along the well trafficked South Broadway corridor. This property boasts 3 units, each with their own electric meter, and a nearly 5:1 parking ratio with a fully enclosed and gated parking lot with up to 15 gated parking spaces and plenty of off-street parking as well. Each unit has its own private bathroom. Bonus full sized basement allows for additional storage and access to all plumbing and electric for service, maintenance and repairs. There is huge upside in rents with the current tenants in 2 of the 3 units, who are on month-to-month lease well below market value. The third unit is in the process of being leased for a 12 month term. This property has very unique zoning (SD-40) which allows for either residential or a variety professional and retail commercial uses. Convert this property to residential units and really hit an income home-run with at least $6,000/month of pro forma gross income. Roof was replaced in 2017, all new ABS plumbing waste-lines in 2018, all copper plumbing throughout and a mini-split heat pump (HVAC) in unit 624 in 2018. This one won't last long, so come quick!
Location
State CA
County Orange
Area 69 - Santa Ana South Of First
Zoning SD-40
Interior
Heating Heat Pump,Wall Furnace
Cooling Heat Pump
Fireplace No
Laundry None
Exterior
Fence Block,Wrought Iron
Utilities Available Electricity Available,Electricity Connected,Natural Gas Available,Natural Gas Connected,Sewer Available,Sewer Connected,See Remarks,Water Available,Water Connected
Roof Type Asphalt
Total Parking Spaces 15
Building
Lot Description Corner Lot
Story 1
Water Public
Others
Tax ID 01015214
Acceptable Financing Cash,Cash to New Loan,Conventional,1031 Exchange
Listing Terms Cash,Cash to New Loan,Conventional,1031 Exchange
Special Listing Condition Standard