4728 W 1st Street, Santa Ana, CA 92703
- $1,655,000
- List Price
- $1,655,000
- Status
- ACTIVE
- MLS#
- PW26087884
- Lot Size
- 9,583
- Acres
- 0.22
- Lot Location
- 0-1 Unit/Acre, Value In Land
- Days on Market
- 95
- Property Type
- Commercial
- Property Sub Type
- Mixed Use
Property Description
Secure a premier location on one of Orange County’s most trafficked and culturally vibrant commercial corridors. This freestanding retail/office building offers a rare combination of direct W. 1st Street frontage and a dedicated private rear parking lot on a ±9,380 SF C5-zoned lot. While perfect for an owner-user or an investor seeking stable cash flow in a high-demand area, the true value lies in the long-term land play and the exceptional optionality it provides. For the strategic developer, this lot serves as the anchor for a potential ±18,295 SF assemblage when combined with the adjacent parcel at 4802 W. 1st Street. This combined footprint creates a prime site for mixed-use redevelopment under California’s SB 6, allowing for residential projects on commercial land without the typical rezoning hurdles. Positioned in a rapidly transforming corridor—near a 60-unit townhome project and a planned 9-story mixed-use tower—this property offers the chance to model 12–20 units in a market where for-sale product is moving at $850K–$950K per unit.
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Additional Information
- Water
- Public
- Attached Structure
- Detached
Listing courtesy of Listing Agent: Karen Ngoc Lang Luu (kluu2495@gmail.com) from Listing Office: Century Financial Group, Corp..
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