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!

Features
: Heat Pump, Wall Furnace
: Heat Pump
: Other
Address Map
CA
Orange
Santa Ana
92701
626 S Broadway
0
W118° 7' 47.6''
N33° 44' 18.6''
Corner of Broadway and Richland
MLS Addon
Ardor Realty, Inc
Brendan Kane
Brendan@ArdorREO.com
CR289918
CR86910
: Public

Commercial Sale For Sale

626 S Broadway, Santa Ana, California 92701

2,021 Sqft
$899,900
Listing ID #CROC24233577
Basic Details
Property Type : Commercial Sale
Listing Type : For Sale
Listing ID : CROC24233577
Price : $899,900
Square Footage : 2,021 Sqft
Year Built : 1919
Lot Area : 6,098 Sqft
Status : Active
Property SubType : Mixed Use
Agent info
Michael Roberts
Contact Agent