4518 W 1st Street, Santa Ana, California 92703, Santa Ana, - bed, bath
ACTIVE$2,288,888
4518 W 1st Street, Santa Ana, California 92703
1Bed
1Bath
800Sqft
17,550Lot
Year Built
1948
Close
-
List price
$2.29M
Original List price
$2.19M
Price/Sqft
-
HOA
-
Days on market
-
Sold On
-
MLS number
PW25098263
Home ConditionPoor
Features
Patio
View-
About this home
Opportunity! Opportunity! Opportunity for developer, investor, or owner-user to purchase a property at land-value. Hard to find this type of mixed-use property in this neighborhood. The property consists of almost 18k square feet of land with 1,600 square foot of commercial building and a residential building containing approximately 800 square feet. The neighborhood is a mixed-use neighborhood, with residential, commercial, and industrial uses, with high visibility and daily traffic in the range of 20-30k per day. THIS LISTING IS SELLING TOGETHER WITH THE OTHER COMMERICAL LISTING ID#PW25097615. THIS IS FOR THE SAME PARCEL#10810234 WITH ONE COMMERCIAL BUILDING AND ONE RESIDENTIAL BUILDING AS MIXED-USE.
Nearby schools
4/10
Heritage Elementary School
Public,•PK-6•0.3mi
6/10
Rosita Elementary School
Public,•K-6•0.6mi
8/10
R. F. Hazard Elementary School
Public,•K-6•0.6mi
5/10
Newhope Elementary School
Public,•K-6•0.8mi
8/10
Morningside Elementary School
Public,•K-6•1.2mi
5/10
Woodbury Elementary School
Public,•K-6•1.3mi
5/10
Mamie L. Northcutt Elementary School
Public,•K-6•1.8mi
5/10
Linton T. Simmons Elementary School
Public,•K-6•3.5mi
4/10
Stephen R. Fitz Intermediate School
Public,•7-8•0.5mi
7/10
James Irvine Intermediate School
Public,•7-8•1.0mi
5/10
Los Amigos High School
Public,•9-12•1.5mi
7/10
Santiago High School
Public,•9-12•1.8mi
8/10
Bolsa Grande High School
Public,•9-12•2.2mi
Condition Rating
Poor
The property was built in 1948. The listing describes it as land value, and the images show significant deferred maintenance. The residential building appears to be in poor condition, with boarded-up windows. The interior shots show unfinished work. Therefore, it requires substantial repairs and rehabilitation.
Pros & Cons
Pros
Land Value Opportunity: The property is priced at land value, presenting a significant opportunity for developers, investors, or owner-users.
Large Lot Size: The property boasts a substantial lot size of approximately 17,550 square feet, offering ample space for development or expansion.
Mixed-Use Potential: The property is a mixed-use property with both commercial and residential buildings, providing flexibility for various business or living arrangements.
High Traffic Location: Located in a high-visibility area with daily traffic ranging from 20,000 to 30,000 vehicles, ensuring excellent exposure for commercial ventures.
Diverse Neighborhood: The neighborhood features a mix of residential, commercial, and industrial uses, creating a dynamic and potentially lucrative environment.
Cons
Older Buildings: The buildings were constructed in 1948, suggesting potential maintenance or renovation needs due to age.
Limited Information: The description lacks specific details about the condition and features of the existing buildings, requiring further investigation.
Joint Sale Requirement: The property is being sold together with another commercial listing, potentially limiting the pool of interested buyers.