Pending
1540 E Edinger Avenue
Santa Ana CA, 92705
$1,860,000
$76.97 per sqft
Pending
0.55 Acres
Land
Listed by Matthew Wenzel with Marcus & Millichap 562-257-1200
The subject property is a +-25,165 SF (Gross) parcel of industrial land located at 1540 E. Edinger Avenue in the city of Santa Ana. Part of a
larger office/industrial development, the property is located on the south side of Edinger Avenue just east of Grand Avenue and is situated less than a mile to the west of the 55 freeway.
Previously, there had been an office building located on this property although several years ago the building burned down. There is currently a recorded office condominium map in place along with a full set of CCRs that would allow for the construction of a two-story 16-unit office condominium project of approximately 7,840 SF.
Zoning on this site is M-1 Light Industrial and the General Plan Land Use Designation is Industrial. The purpose of the Industrial designation is to provide space for activities such as light/heavy manufacturing, warehousing, processing and distribution as well as commercial uses ancillary to industrial activities. Industrial designations typically allow for buildings with a Floor Area Ratio of up to 0.45 with typical height limits of 35'.
This property is flat and rectangular in shape with gross dimensions of 105.1' of frontage along Edinger Avenue and a depth of 230'. The northerly 30' of the parcel and the easterly 13' of the parcel are covered by ingress/egress easements to the benefit of the other buildings in this complex and these two shared drive aisles compose approximately 5,733 square feet of the site.
The site also includes 47 open parking spaces situated around the perimeter of the parcel. There are cross parking easements in place that allow other tenants to utilize these spaces while also allowing the owner of this property to utilize the other parking areas of the neighboring buildings.
The industrial land market in Santa Ana is extremely supply-restricted. Additionally, this site benefits from great frontage along Edinger Avenue and a location that is less than a mile to the 55 freeway.
PW23050744
MLSⓇ ID
March 28, 2023
Listed
April 17, 2024
Updated
Map
1540 E Edinger Avenue
Santa Ana CA, 92705
Exterior/Building Features
Lot Size
0.55 Acres
Lot Features
Level, Rectangular Lot, Value In Land
Other Property Details
Area Name
699 - Not Defined
Days on Market
275
Association Fee
Not Listed
Garage
No
View
No
View Description
None
County
Orange
Water Source
Public
Pool
No
Zoning
M-1 Light Industrial
Buyer Agency Compensation
2%
Listing History
Date | Event | Price |
---|---|---|
3/15/2024 | Pending | — |
12/29/2023 | Under Contract | — |
5/2/2023 | Price Change | $1,860,000 -3% |
Listing Contact: 562-257-1200
Based on information from the California Regional Multiple Listing Service (CRMLS) as of 4/17/2024. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, the Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent. Property locations as displayed on any map are best approximations only and exact locations should be independently verified. Any offer of compensation is made only to participants of the MLS where the listing is filed.
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Data last updated on 4/17/2024 at 6:13 PM UTC