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2513 W 1st Street, Santa Ana, CA 92703
$3,100,000
2513 W 1st Street, Santa Ana, CA 92703View this property at 2513 W 1st Street, Santa Ana, CA 92703
2513 W 1st StreetSanta AnaCA92703
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Property Description
This strategically located industrial-commercial development property in the heart of Santa Ana is now available. The low cost basis should provide significant upside after development and lease out of a new building. (The city plan shows zoning for light industrial and the owner reports that it may also allow commercial development of 6+ stories.) The expansive 30,055 square foot lot currently boasts two single-story buildings totaling 5,414 square feet. It is currently configured with 9-units that are approved as transitional housing, ensuring immediate income while a new buyer goes through the entitlement process. However, the true value of the property lies in its future potential under the City of Santa Ana's "West Santa Ana Blvd Specific Plan," which has this property zoned as FLEX-1.5 (Low-Industrial/Flex). This zoning opens doors to many potential uses, including, light industrial, office-industrial flex spaces, small-scale clean manufacturing, R&D, commercial retail, live-work units and more. The FLEX-1.5 zoning permits a maximum height of 3-stories and a generous 1.5 FAR (Floor Area Ratio). This should allow for approximately 45,000 buildable square feet and/or up to 30 dwelling units per acre, unlocking incredible value and flexibility for future development. Don't miss this opportunity to acquire a central Orange County industrial-commercial development property before it's too late!
***The information contained herein was obtained from sources that we deem reliable and, while thought to be correct, is not guaranteed by The Firm Real Estate Services Inc. Buyers and other parties in receipt of this information should independently confirm the accuracy of the information through their own due diligence and determine suitability of the property for their needs.
Full Property Details
Full Property Details for 2513 W 1st St
General
- Price: $3,100,000
- Status: Active
- Type: Industrial
- MLS ID: OC23139718
- Updated: 4/15/2024
- Days on Market: 277 days
- Added to Site: 277 day(s) ago
Interior
- Laundry Facilities: Yes
Rooms
Other Rooms
- Laundry: Common Area
Location
- County: Orange
- Driving Directions: Nearest cross streets are Fairview St and W 1st St
Utilities
- Utility Description: Cable Available, Electricity Available, Phone Available, Sewer Available, Water Available
Structural Information
- # Buildings: 2
- Entry Floor Number: 1
- Stories/Levels: 1
- Building Size: 5416
- Square Feet: 5,416
- Year Built: 1948
Unit Information
- Occupancy Rate: Occupied
Lot Features
- Lot Size (Acres): 0.69
- Useable Acres: .69
- Lot Size (Sq. Ft.): 30,055
- Lot Size Source: Estimated
- Lot Features: Lot 20000-39999 Sqft, Level, Value In Land
- Lot Description: Lot 20000-39999 Sqft, Level, Value In Land
Financial Considerations
- Price Per Sq. Ft.: $572
Disclosures and Reports
- Buyer’s Brokerage Compensation: 2.5%
- Property ID: 714146
Listed by The Firm Real Estate Services Inc., ChasPatterson
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Schools
Schools serving 2513 W 1st St
School District:Santa Ana Unified School District
Rating | Name | Grades | Distance |
---|---|---|---|
2701 W 5th St, Santa Ana, CA 92703 | PK-8 | 0.3 mi | |
1930 W 10th St, Santa Ana, CA 92703 | K-5 | 0.6 mi | |
1801 S Greenville St, Santa Ana, CA 92704 | 9-12 | 1.6 mi |
Disclaimer: School ratings provided by
GreatSchools. Ratings are on a scale of 1-10.
Learn more about GreatSchools ratings.
School attendance boundaries provided by Pitney Bowes and are for reference only. Contact the school directly to verify enrollment eligibility.
Price & Sales History for 2513 W 1st St
Date
Details
Price
Change
Source
4/15/2024
Price Reduced
$3,100,000
-6.06%
MLS
7/28/2023
Listed
$3,300,000
—
MLS
Disclaimer: Historical sales information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.
Tax History
Tax History for 2513 W 1st St
Year
Property Taxes
Change
Tax Assessment
Change
2023
$7,600
1%
$593,411
2%
2022
$7,511
2%
$581,776
2%
2021
$7,342
—
$570,369
1%
2020
$7,350
2%
$564,521
2%
2019
$7,216
4%
$553,452
2%
2018
$6,952
1%
$542,600
2%
2017
$6,893
2%
$531,961
2%
2016
$6,760
1%
$521,531
2%
2015
$6,675
2%
$513,698
2%
2014
$6,560
2%
$503,636
—
2013
$6,449
—
$501,360
—
Disclaimer: Historical tax information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.
Estimate the Cost
Estimate the Cost for 2513 W 1st St
2513 W 1st Street, Santa Ana, CA 92703 (MLS# OC23139718) is a Industrial property. 2513 W 1st Street is currently listed for $3,100,000 and was received on July 28, 2023. Want to learn more about 2513 W 1st Street? Do you have questions about finding other Industrial real estate for sale in Santa Ana? You can browse all Santa Ana real estate or contact a Coldwell Banker agent to request more information.