626 South Broadway

Santa Ana, CA 92701

$899,900
Price
—
Beds
2,021 Sq. Ft.
$445 / Sq. Ft.
2,021
Sq. Ft.
$445
per Sq. Ft.

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...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!
  1. Listed by Brendan Kane • DRE #01390138 • Brokerage DRE #01862783 • Ardor Realty, Inc • 949-400-7049

Property Details for 626 South Broadway

Parking Spaces Total
15
Total Units
3.0
Lot Size Source
Assessor
Building Area Total
2021
Building Area Units
Square Feet
Stories Total
1
Entry Level
1
Zoning
SD-40
LISTING UPDATED: 12/05/2024 05:52 AM

Property Details for 626 South Broadway

StatusActive
MLS #OC24233577
Days on Market34
Taxes-
HOA Fees-
Condo/Co-op Fees-
Compass TypeMixed Use
MLS TypeCommercial Sale / Mixed Use
Year Built1919
Lot Size0.14 AC / 6,098 SF
CountyOrange County

Building Information for 626 South Broadway

Stories1Residences-Year Built1919Lot Size0.14 AC / 6,098 SF

Property Information for 626 South Broadway

Income / Expense / Tax Details
Income Details
  • Gross Scheduled Income: $43,200
  • Vacancy Allowance: 0
  • Vacancy Allowance Rate: 0
  • Net Operating Income: $32,171
  • Laundry Income: $0
  • Other Income 1: $0
  • Cap Rate: 3.57
  • Current Financing: None
Expense Details
  • Operating Expense: $11,029
  • Expense Year: $2,023
  • Reserves Expense: $0
  • Building Expenses: $0
  • Electric Expense: $0
  • Insurance Expense: $2,352
  • Maintenance Expense: $0
  • Professional Management Expense: $0
  • Other Expense: $1,000
  • Trash Expense: $2,900
  • Water Sewer Expense: $606
  • Real Estate Tax Expense: $4,171
  • Supplies Expense: $0
  • Total Expenses: $11,029
Tax / Assessment Info
  • Tax Annual Amount: $4,171
Community / Development
Community / Development
  • Investment Property: Yes
Property / Structure Info
Interior Features
  • Laundry: No
  • Laundry Features: None
  • Cooling: Heat Pump
  • Heating: Heat Pump, Wall Furnace
Exterior Features
  • Roof: Asphalt
  • Fence: Yes
  • Fencing: Block, Wrought Iron
Land/Lot Info
  • Sign on Property: No
  • Lot Features: Corner Lot
  • Land Use: Multi-Family, Office, Retail
  • Utilities: Electricity Available, Electricity Connected, Natural Gas Available, Natural Gas Connected, See Remarks, Sewer Available, Sewer Connected, Water Available, Water Connected
  • Water Source: Public
Parking Info
  • Uncovered Spaces: 15
  • Carport Spaces: 0
Property / Structure Info
  • Building Status: Existing
  • Asset Class: Multi-Family, Office, Retail
  • Personal Property Amount: $.00
Unit Information
Unit 1
  • Unit Type Units Total: 1
  • Unit Type Beds Total: 0
  • Unit Type Baths Total: 1
  • Unit Type Actual Rent: $1,000
  • Unit Type Area: 645
  • Unit Type Area Units: Square Feet
  • Unit Type Type: 1
  • Unit Type Description: 622- Juice Shop
Unit 2
  • Unit Type Units Total: 1
  • Unit Type Beds Total: 0
  • Unit Type Baths Total: 1
  • Unit Type Actual Rent: $1,200
  • Unit Type Area: 731
  • Unit Type Area Units: Square Feet
  • Unit Type Type: 2
  • Unit Type Description: 624- Barber Shop
Unit 3
  • Unit Type Units Total: 1
  • Unit Type Beds Total: 0
  • Unit Type Baths Total: 1
  • Unit Type Actual Rent: $0
  • Unit Type Area: 645
  • Unit Type Area Units: Square Feet
  • Unit Type Type: 3
  • Unit Type Description: 626-Vacant
Unit Information
  • Number Of Units Leased: 3
  • Number Of Buildings: 1

Property History for 626 South Broadway

DateEvent & SourcePriceAppreciation
DateEvent & SourcePrice

For completeness, Compass often displays two records for one sale: the MLS record and the public record.

Public Records for 626 South Broadway

Taxable ValueLand$311,765Additions$39,821Total$351,586
Tax Record2024$4,301 ($358 / month)
Home Facts
Total Finished SqFt1,655 SqFtAbove Grade Finished SqFt1,655 SqFtStories1Lot Size6,734 SqFtStyleMiscellaneous CommercialYear Built1919CountyORANGEAPN010-152-14

Schools near 626 South Broadway

This home is within Santa Ana Unified School District.
Rating
School
Type
Grades
Distance
Public - K to 5
Public - 6 to 8
Public - 7 to 12
Charter - K to 5
Rating
School
Distance
Franklin Elementary School
PublicK to 5

Julia C. Lathrop Intermediate School
Public6 to 8

Saddleback High School
Public7 to 12

Edward B. Cole Academy
CharterK to 5

School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.

Similar Homes

Sorry, we can't find any similar homes at this time. Please check back later.

Similar Sold Homes

Sorry, we can't find any similar sold homes at this time. Please check back later.

626 South Broadway is a mixed use property for sale in Santa Ana, CA 92701. This property was listed for sale on November 13, 2024 by Ardor Realty, Inc, it's currently listed at $899,900. It has been on the market for a total of 34 days and was last sold on December 13, 2016. This listing's school district is Santa Ana Unified School District. Nearby schools include Franklin Elementary School, Julia C. Lathrop Intermediate School and Saddleback High School. 626 South Broadway is a 0-bed, 0-bath, 2,021 sqft mixed use property built in 1919.

No guarantee, warranty or representation of any kind is made regarding the completeness or accuracy of descriptions or measurements (including square footage measurements and property condition), such should be independently verified, and Compass expressly disclaims any liability in connection therewith. Photos may be virtually staged or digitally enhanced and may not reflect actual property conditions. Offers of compensation are subject to change at the discretion of the seller. No financial or legal advice provided. Equal Housing Opportunity.

Listing Courtesy of Ardor Realty, Inc, Brendan Kane, DRE #01390138

Based on information from one of the following Multiple Listing Services: CRMLS, CLAW, I-Tech, ROWMLS, GPSMLS, SDMLS, VCRDS/PFAR, Idyllwild Association of Realtors, Ojai Valley Board of REALTORS and/or AVMLS. Information being provided is for the visitor’s personal, noncommercial use and may not be used for any purpose other than to identify prospective properties visitor may be interested in purchasing. The data contained herein is copyrighted by CRMLS, CLAW, I-Tech, ROWMLS, GPSMLS, SDMLS, VCRDS/PFAR, Idyllwild Association of Realtors, Ojai Valley Board of REALTORS and/or AVMLS is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited. Property information referenced on this web site comes from the Internet Data Exchange (IDX) program of the MLS. This web site may reference real estate listing(s) held by a brokerage firm other than the broker and/or agent who owns this web site. For the avoidance of doubt, the accuracy of all information, regardless of source, is deemed reliable but not guaranteed and should be personally verified through personal inspection by and/or with the appropriate professionals.