21
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$589,999
Est. payment /mo
6,969 Sqft Lot
Price Dropped by $10K
1610 S Standard AVE Santa Ana, CA 92707
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Key Details
Property Type Commercial
Sub Type Business
Listing Status Active
Purchase Type For Sale
MLS Listing ID PW25151021
HOA Y/N No
Year Built 1962
Lot Size 6,969 Sqft
Lot Dimensions Public Records
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
Fireplace No
Laundry None
Exterior
Fence Block
Utilities Available Electricity Connected, Natural Gas Connected, Sewer Connected
Present Use See Remarks
Total Parking Spaces 4
Building
Lot Description 0-1 Unit/Acre, Level, Paved
Story 1
Water Public
Others
Tax ID 01424123
Acceptable Financing Cash, Conventional, Fannie Mae
Listing Terms Cash, Conventional, Fannie Mae
Special Listing Condition Standard
Lease Land No
Listed by Yvonne Tran Lifetime Realty Inc 714-360-4058
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