BUILDING FOR SALE IN HISTORIC DISTRICT, CASA SANTANA

Casa Santana — Excellent investment opportunity on Central Avenue, Santa Ana, Historic District.

General Description
Casa Santana is a building consisting of a ground floor and two upper levels, located on Central Avenue in Santa Ana. Designed to maximize income with a mix of commercial and residential use, it offers multiple profitability possibilities in a strategic location.

Key Features

• Structure: ground floor plus two upper levels.
• Floors and use:
  • Ground floor: two independent commercial spaces.
  • Level 1 (100) and Level 2 (200): 7 studio-type apartments per level (one-bedroom unit with kitchen and bathroom). Front-facing apartments feature balconies.
• Commercial spaces (Level 100): one additional commercial space and a half bathroom. Space layout:
  • Open display area
  • Cashier area
  • Half bathroom
  • Finishes: porcelain tile flooring in one unit and ceramic in the other; suspended plaster ceiling; smooth finished concrete roof.
• Enclosed areas (Levels 100 and 200): ceramic and composite tile flooring; wooden and smooth finished concrete ceilings.
• Level 200: zinc roofing.
• Walls and finishes: masonry walls, finished concrete blocks and drywall painted on both sides; wooden and aluminum/glass windows; iron, wooden, and wooden/glass doors.
• Occupancy and profitability: estimated 70% Airbnb occupancy rate.
• Income and financing:
  • Estimated gross income: $11,000.
  • Sale price: $2,600,000
  • Mortgage/financing: 8% interest rate, approximate amount $1,400,000.

Competitive Advantages

• Prime location on Central Avenue with high visibility and demand for both commercial and residential uses.
• Mixed-use design that promotes income diversification (commercial spaces and studio residences).
• Potential for income optimization through traditional rentals, Airbnb, or other platforms.
• Well-distributed spaces with opportunities for improvements and reconfiguration to increase profitability.

Contact us to schedule a visit!