4802 W 1st Street, Santa Ana, CA 92703
List Price: $1.66M
Listing Status: Active
0Days on Market: 3
0 Bedrooms · 0 Bathrooms
Property Type: CommercialSale
Lot Size: 8,712 sq ft
MLS Number: PW26087885
About This Property
Unlock the full potential of 4802 W. 1st Street, an asset whose highest and best use is realized as the vital missing piece of a ±18,092 SF assemblage. By acquiring this property alongside the directly adjacent parcel at 4728 W. 1st Street—available concurrently and priced for a joint closing—investors can shift from a small-scale project into a high-yield residential community. At a combined 0.415 acres, the site scales into a 14–20 unit for-sale townhome development, mirroring the successful product types currently being approved just blocks away. Leveraging SB 6 guidelines and a 20–50% Density Bonus, the assemblage offers a path to a significant project scale that maximizes financial viability in a high-demand corridor. With local for-sale units moving between $750K and $950K, this combined site offers a projected gross sellout of $10.5M to $15.2M. Based on a combined land basis of approximately $1.7M, this represents a rare opportunity to capture an estimated developer profit of $2.5M to $5.0M. Secure both parcels to command this premier footprint in the heart of Santa Ana’s transformation.
Listing provided by: Karen Ngoc Lang Luu DRE #01426053 442-386-2495 kluu2495@gmail.com, Century Financial Group, Corp.
Source: CRMLS, MLS #: PW26087885
Belmont Brokerage Inc. (DRE #02431308) is not the listing office for this property. We provide buyer representation and consultation. Any “Schedule a Tour” or “Contact” form on this page contacts a Belmont Brokerage agent — not the listing agent above.