18 Units Minutes to Downtown Santa Ana 902 17th Street
Santa Ana, CA 92701
For Sale
10,990 sqft
Sale Price
$3,500,000
Brochure
Property Website
Map
Multifamily For Sale - Available January 2024
18 Units Minutes to Downtown Santa Ana
Significant $350,000 Price Reduction – Motivated seller has priced this asset for an immediate sale, offering a rare low-basis entry point in a high-demand submarket.
Highly Desirable Santa Ana Location – Situated in a core Orange County rental market with consistently low vacancy rates.
Well-Maintained Asset – Situated on a ±11,547 SF lot (built in 1954) featuring newly reinforced support columns and professional upkeep.
Value-Add Opportunity – Pro forma rents suggest approximately 30% rental growth potential, allowing a new owner to capture significant upside.
Attractive Unit Mix – One and two-bedroom floor plans with an average unit size of 611 square feet.
Property Features – Gated entry, courtyard, mature landscaping, and a mix of carport and surface vehicle parking.
Strong Unit Interiors – Features include kitchens with fully equipped appliances, wall-to-wall carpeting, and wall AC/heating units.
Strategic Regional Access – Adjacent to the I-5 Freeway and within two miles of Downtown Santa Ana (the "Downtown" of Orange County).
Walkable Retail Hub – Steps away from major national retailers including Target, Starbucks, Walgreens, and various popular dining options.
Proximity to Major Landmarks – Minutes from MainPlace Mall, Disneyland, Angel Stadium, Discovery Cube, and John Wayne Airport, with quick access to Newport and Huntington Beach.
Get in touch
Eric Chen
Lic: 01489184
Dan Blackwell
Lic: 01854961
CBRE, Inc., as exclusive advisor, is pleased to present the opportunity to acquire 902 E 17th Street in the city of Santa Ana. 902 E 17th Street comprises of 18 units situated on a well-maintained 11,547 square feet lot of land. The property's cross streets are Lincoln Avenue and Fairmont Street. 902 E 17th Street sits adjacent to the I-5 Freeway and is within a two-mile radius to Downtown Santa Ana , also dubbed "Downtown Orange County". The property offers convenient access to grocery stores, pharmacies, restaurants, and plenty of specialty retail all within walking distance.
902 E 17th Street features mature landscaping with courtyard, gated entry, on-site tuck-under and surface vehicle parking. The units feature kitchens fully-equipped with appliances, wall-to-wall carpet and wall air conditioning and heating.
The property offers convenient access to the I-5, 55, 57, 22 and 405 freeways connecting to all of Orange County, as well as Riverside, San Bernardino and Los Angeles Counties. Neighboring cities include: Tustin, Orange, Garden Grove, Anaheim and Irvine. The city of Santa Ana is home to Discovery Cube Orange County, 4th Street Market, the Mainplace Mall, and River View Golf Course, to name a few. Santa Ana provides a scenic atmosphere and is a short distance to local landmarks within a 20-mile radius, such as Downtown Orange County, Disneyland, Disney California Adventure Park, Angels Stadium of Anaheim, Honda Center, Browers Museum, Santa Ana Zoo, South Coast Plaza, Marconi Automotive Museum, John Wayne Airport, Newport Beach, Huntington Beach and more.
902 E 17th Street is a prime Santa Ana income-producing property and a great long-term investment. The property offers stability for any type of investor whether it may be a first-time purchaser, seasoned investor, or those seeking a 1031 exchange opportunity.
902 E 17th Street features mature landscaping with courtyard, gated entry, on-site tuck-under and surface vehicle parking. The units feature kitchens fully-equipped with appliances, wall-to-wall carpet and wall air conditioning and heating.
The property offers convenient access to the I-5, 55, 57, 22 and 405 freeways connecting to all of Orange County, as well as Riverside, San Bernardino and Los Angeles Counties. Neighboring cities include: Tustin, Orange, Garden Grove, Anaheim and Irvine. The city of Santa Ana is home to Discovery Cube Orange County, 4th Street Market, the Mainplace Mall, and River View Golf Course, to name a few. Santa Ana provides a scenic atmosphere and is a short distance to local landmarks within a 20-mile radius, such as Downtown Orange County, Disneyland, Disney California Adventure Park, Angels Stadium of Anaheim, Honda Center, Browers Museum, Santa Ana Zoo, South Coast Plaza, Marconi Automotive Museum, John Wayne Airport, Newport Beach, Huntington Beach and more.
902 E 17th Street is a prime Santa Ana income-producing property and a great long-term investment. The property offers stability for any type of investor whether it may be a first-time purchaser, seasoned investor, or those seeking a 1031 exchange opportunity.
The City of Santa Ana is a 27-square mile, ethnically diverse city located 35 miles south of Los Angeles and roughly ten miles inland from the Pacific Ocean. With a total population of over 310,000, Santa Ana is Orange County’s second largest city and serves as the county seat. The City comprises more than 60 distinct neighborhoods. The Santa Ana Unified School District is the local school district that serves the majority of our community. Additionally, there are six neighboring school districts that serve portions of the city, including Garden Grove, Tustin, Orange, Irvine, Newport-Mesa, and Huntington Beach Unified School Districts.
Santa Ana is downtown for the world famous Orange County, California. The City is home to a vibrant evening scene and diverse cultural arts community. There are over 400 businesses throughout DTSA. Park, shop, dine and enjoy all that DTSA has to offer. Over 1,400 City employees work hard every day to deliver efficient public services in partnership with the community to ensure public safety, a prosperous economic environment, opportunities for the youth, and a high quality of life for residents. It is no secret Santa Ana boasts some of the best weather in the country. With an average temperature of 78 degrees and nearly 300 sunny days per year, the city's climate is perfect for special events indoors and out. It doesn't matter whether traveling by car, train, or plane; the location makes Santa Ana convenient stop for groups from all around. The location's proximity to major airports and transportation hubs makes Santa Ana a convenient meeting point, especially when coordinating large groups.
Santa Ana is downtown for the world famous Orange County, California. The City is home to a vibrant evening scene and diverse cultural arts community. There are over 400 businesses throughout DTSA. Park, shop, dine and enjoy all that DTSA has to offer. Over 1,400 City employees work hard every day to deliver efficient public services in partnership with the community to ensure public safety, a prosperous economic environment, opportunities for the youth, and a high quality of life for residents. It is no secret Santa Ana boasts some of the best weather in the country. With an average temperature of 78 degrees and nearly 300 sunny days per year, the city's climate is perfect for special events indoors and out. It doesn't matter whether traveling by car, train, or plane; the location makes Santa Ana convenient stop for groups from all around. The location's proximity to major airports and transportation hubs makes Santa Ana a convenient meeting point, especially when coordinating large groups.
Total Space Available
10,990 sqft
Sale Price
$3,500,000
Amenity
Downtown Orange County
Restaurants and Retail
2 miles
6 min.
/drive
Southcoast Plaza
Retail
8.2 miles
15 min.
/drive
Newport Beach Pier
Beach
12.6 miles
25 min.
/drive
Transit/Subway
Santa Ana Metro Link Station
1 miles
5 min.
/drive
Airport
John Wayne Airport
7.9 miles
15 min.
/drive
Get in touch
Eric Chen
Lic: 01489184
Dan Blackwell
Lic: 01854961