Homes for sale - 626 S Broadway, Santa Ana, CA 92701

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$899,900

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6,098 Sqft Lot

Active

626 S Broadway Santa Ana, CA 92701

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Jeff Underdahl

jeff@jeffunderdahl.com +1(760) 271-8772

UPDATED:

12/05/2024 09:53 PM

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

Listed by Brendan Kane • Ardor Realty, Inc • 949-400-7049

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Jeff Underdahl

CEO/Team Leader | License ID: 01077484

+1(760) 271-8772