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Listed by Karen Ngoc Lang Luu • Century Financial Group, Corp.
$1,655,000
Est. payment /mo
8,712 Sqft Lot
UPDATED:
Key Details
Property Type Commercial
Sub Type Mixed Use
Listing Status Active
Purchase Type For Sale
MLS Listing ID PW-26087885
Lot Size 8,712 Sqft
Property Sub-Type Mixed Use
Source California Regional Multiple Listing Service (CRMLS)
Property Description
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.
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.
Location
State CA
County Orange
Area 68 - N Heil, S Bolsa, E Brookhurst, W Harbor
Interior
Laundry None
Exterior
Utilities Available Sewer Available, Electricity Available
Building
Lot Description 0-1 Unit/Acre
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John R Thompson
Broker/Owner | License ID: 01200900
Broker/Owner License ID: 01200900