502 W 17th St, Santa Ana, CA 92706

Property Description

Welcome to an excellent investment and owner-user opportunity in Santa Ana’s established commercial district. This versatile property offers approximately 6,150 SF of building space on a 9,583 SF lot, with 16 dedicated parking spaces, private fencing, and gated access. The property offers excellent street visibility and convenient access to the 22 and 5 freeways. The property currently features two commercial tenants and one spacious upper-level unit, providing multiple income streams and additional upside potential. Unit 502A – Best Massage: Current rent $2,471/month. Unit 502B – Western Union: Current rent $2,471/month. Unit 504 – Approximately 1,700 SF: Currently rented at $2,700/month, with estimated market rent of approximately $3,400/month. This spacious 3-bedroom, 1-bathroom unit features new flooring, new A/C, and updated interior finishes. Unit 506 – Approximately 2,000 SF Commercial Space: Currently vacant, with estimated market rent of approximately $4,400/month. The previous tenant operated an import/export warehouse. This flexible commercial space offers an excellent opportunity for an owner-user to operate their own business, such as an architect’s office, builder/contractor office, or other permitted professional or business use, or to lease the space for additional rental income. Don’t miss this opportunity to own a versatile mixed-use property with existing income and significant potential for future growth.