Beautiful Homes Real Estate
Daniel Andrade
323-215-9836323-215-9836

120 W 5th Street, Santa Ana, CA 92701 (MLS # PW19056018)

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PRICE $9,999,999
SIZE 33,817 sq ft
LOT SIZE 12,227 sqft

For Sale - The Ramona Building which is located in the Heart of Downtown Santa Ana. The Ramona Building is approximately 33,817 SF and is a fully stabilized multi-tenant investment property which is currently registered as a "Mills Act" property providing tax savings and limited exposure to property tax increases. The building offers recent renovations bringing a historic building to almost new on the interior and is occupied by a diverse mix of tenants, including Esports Arena (Orange County), SVN | Vanguard Commercial Real Estate and Financial Advocates Inc, in one of fastest transitioning submarkets of Orange County. Additionally, this property is located in an "Opportunity Zone" creating a favorable investment for years to come. This building provides outstanding visibility and is situated adjacent to a multi-story, city owned, parking structure providing sufficient parking for a nominal fee. The Ramona Building is ideally located in the Heart of Downtown Santa Ana and located on 5th Street (8,000 vehicles per day) and near the intersections of Main Street (31,000 vehicles per day) and 1st Street (43,000 vehicles per day) for a total of over 82,000 vehicles passing nearby during the day. The Ramona Building will be marketed free and clear of any existing financing, creating an opportunity to place creative financing tailored to an investors desired hold period and risk profile coupled with our current marketplace financing to further enhance returns.

DAYS ON MARKET 8 LAST UPDATED 3/14/2019
YEAR BUILT 1922 COMMUNITY Santa Ana North of First
COUNTY Orange STATUS Active
PROPERTY TYPE(S) CommercialSale


ADDITIONAL DETAILS
ASSETCLASS Office, Retail
BUILDINGAREAUNITS Square Feet
BUILDINGFEATURES Elevators
BUILDINGSTATUS Existing
CONDOAREAUNITS Square Feet
COOLING Central
HEATING Central Furnace
LANDLEASEYN 0
LANDUSE Office, Retail
LAUNDRYFEATURES None
LEASABLEAREAUNITS Square Feet
LISTAGENTSTATELICENSE 01176224
LOTFEATURES Corner Lot, Lot 10000-19999 Sqft, Near Public Transit, No Landscaping, Walkstreet
LOTSIZESOURCE Assessor
LOTSIZEUNITS Square Feet
MLSAREAMAJOR 70 - Santa Ana North of First
OCCUPANCY Occupied
OFFICECLASS A
PARCELNUMBER 39825801
PRICEPERSQUAREFOOT 295.71
PROPERTYSUBTYPE Office
PROPERTYTYPE Commercial Sale
SECURITYFEATURES Card/Code Access, Fire Sprinklers
SPECIALLISTINGCONDITIONS Standard
STANDARDSTATUS Active
TAXANNUALAMOUNT 45365.00
WATERSOURCE Public




 
CONTACT US ABOUT 120 W 5TH STREET
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Listing provided by : Cameron Irons License # 01176224, SVN / Vanguard

The multiple listing data appearing on this website, or contained in reports produced therefrom, is owned and copyrighted by California Regional Multiple Listing Service, Inc. ("CRMLS") and is protected by all applicable copyright laws. Information provided is for viewer's personal, non-commercial use and may not be used for any purpose other than to identify prospective properties the viewer may be interested in purchasing. All listing data, including but not limited to square footage and lot size is believed to be accurate, but the listing Agent, listing Broker and CRMLS and its affiliates do not warrant or guarantee such accuracy. The viewer should independently verify the listed data prior to making any decisions based on such information by personal inspection and/or contacting a real estate professional.

Based on information from California Regional Multiple Listing Service, Inc. as of 3/21/19 9:03 AM PDT and /or other sources. 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