626 S Broadway

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!

Listing information courtesy of: Brendan Kane, Ardor Realty, Inc . *Based on information from the Association of REALTORS/Multiple Listing as of 11/22/2024 and/or other sources. Display of MLS data is deemed reliable but is not guaranteed accurate by the MLS. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.