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Listed by Yvonne Tran • Lifetime Realty Inc
$ 565,000
Est. payment /mo
Price Dropped by $24K
Santa Ana, CA 92707
UPDATED:
Key Details
Property Type Commercial
Sub Type Business
Listing Status Active
Purchase Type For Sale
MLS Listing ID PW-25151021
Year Built 1962
Property Sub-Type Business
Property Description
Exceptional Investment Opportunity in Prime Santa Ana Location
Presenting a unique commercial offering in the heart of Santa Ana: a well-established 720-square-foot property that has operated as a successful Mexican restaurant for over 20 years. With the original tenant now retired, the space is under new tenancy with a recently signed 15-year lease. The current tenant is responsible for all utilities, providing a stable, low-maintenance investment.
Located on a spacious lot, the property offers not only steady rental income but also potential for future development or expansion. It generates a strong annual gross income of $41,616, reflecting a solid 5.9% capitalization rate.
This property is available for purchase with or without the tenant, offering flexibility for both investors and owner-users. Offered “as-is,” this is a rare opportunity to acquire a proven income-producing asset in a high-demand area.
Presenting a unique commercial offering in the heart of Santa Ana: a well-established 720-square-foot property that has operated as a successful Mexican restaurant for over 20 years. With the original tenant now retired, the space is under new tenancy with a recently signed 15-year lease. The current tenant is responsible for all utilities, providing a stable, low-maintenance investment.
Located on a spacious lot, the property offers not only steady rental income but also potential for future development or expansion. It generates a strong annual gross income of $41,616, reflecting a solid 5.9% capitalization rate.
This property is available for purchase with or without the tenant, offering flexibility for both investors and owner-users. Offered “as-is,” this is a rare opportunity to acquire a proven income-producing asset in a high-demand area.
Location
State CA
County Orange
Area 69 - Santa Ana South Of First
Interior
Heating Radiant
Laundry None
Exterior
Utilities Available Sewer Connected, Electricity Connected, Natural Gas Connected
Building
Lot Description Level, Lot 6500-9999, Paved, 0-1 Unit/Acre
Others
Virtual Tour https://youtube.com/shorts/LLFiwfMDkBk?si=CfU8TKBlfbO1qFLs
Nicole Van Parys & Gary Nesen
License Partners, Private Office Advisors | License ID: 01108944