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Land For Sale • 1.75 AC
This is an opportunity to purchase fully entitled residential land for sale. The investment property will include 130 units of condominiums/apartments and 14,456 square feet of retail space (10 units) on the ground floor, all of which is fully approved. You will not find another piece of land with such high density in the City of Santa Ana.
| Residential land primed to take advantage of the highest density zoning in Santa Ana at 5.0 FAR, 7.15% yield on cost, and 30.8% IRR (pro forma). |
| First Harbor Square will become Santa Ana's primary multifamily residence and shopping center upon its completion. |
| Fully entitled, with approval to develop 130-unit condo/apartments, and 14,456 square feet of retail on the ground floor. |
| At the corner of W 1st Street and N Harbor Boulevard, this mixed-use development is projected to see a total of 83,000 vehicles pass per day. |
| Located within a Los Angeles Opportunity Zone, this project offers prospective owners or developers capital gains tax benefits. |
| Southern California leads the US multifamily market, characterized by high demand, low supply, and strong rent growth. |
| Commuter Rail | Drive | Walk | Distance |
|---|---|---|---|
| Santa Ana (Inland Empire-Orange County Line - Southern California Regional Rail Authority (Metrolink), Orange County Line - Southern California Regional Rail Authority (Metrolink)) | 9 min | - | 4.3 mi |
| Anaheim-Artic Metrolink Station (Metrolink Orange County Line - Metrolink Trains) | 11 min | - | 6.4 mi |
| Airport | Drive | Walk | Distance |
| John Wayne/Orange County | 13 min | - | 7.6 mi |
| Long Beach (Daugherty Field) | 23 min | - | 18.2 mi |
| Ontario International | 49 min | - | 37.7 mi |
Johnney Zhang
Primior Asset Management
Johnney Zhang
Primior Asset Management
