Commercial for Sale -001-11-30T00:00:00-08:00
Vanguard Commercial Real Estate and Financial Advocates Inc, in one of fastest transitioning submarkets of Orange County. Additionally, this property is located in an “Opportunity Zone” creating a favorable investment for years to come. This building provides outstanding visibility and is situated adjacent to a multi-story, city owned, parking structure providing sufficient parking for a nominal fee. The Ramona Building is ideally located in the Heart of Downtown Santa Ana and located on 5th Street (8,000 vehicles per day) and near the intersections of Main Street (31,000 vehicles per day) and 1st Street (43,000 vehicles per day) for a total of over 82,000 vehicles passing nearby during the day. The Ramona Building will be marketed free and clear of any existing financing, creating an opportunity to place creative financing tailored to an investors desired hold period and risk profile coupled with our current marketplace financing to further enhance returns.[x]120 W 5th St, Santa Ana, CA 92701, USA[x]https://intre-california.com/rets/images/2/362264991/362264991-1.jpg|
For Sale – The Ramona Building which is located in the Heart of Downtown Santa Ana. The Ramona Building is approximately 33,817 sq.ft and is a fully stabilized multi-tenant investment property which is currently registered as a “Mills Act” property providing
120 W 5th St, Santa Ana, CA 92701, USA
$9,999,999 USD
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Address120 West 5th Street, Santa Ana
Property SubtypeOffice
Price$9,999,999
Property TypeCommercial Sale
Year Built1922
Bedrooms Total0
Living Area33,817 ft2
Listing IDPW19056018
StatusActive
Parcel Number39825801
ZoningDT
Special ConditionsStandard
Days on Market73

Detailed Description: For Sale – The Ramona Building which is located in the Heart of Downtown Santa Ana. The Ramona Building is approximately 33,817 sq.ft and is a fully stabilized multi-tenant investment property which is currently registered as a “Mills Act” property providing tax savings and limited exposure to property tax increases. The building offers recent renovations bringing a historic building to almost new on the interior and is occupied by a diverse mix of tenants, including Esports Arena (Orange County), SVN | Vanguard Commercial Real Estate and Financial Advocates Inc, in one of fastest transitioning submarkets of Orange County. Additionally, this property is located in an “Opportunity Zone” creating a favorable investment for years to come. This building provides outstanding visibility and is situated adjacent to a multi-story, city owned, parking structure providing sufficient parking for a nominal fee. The Ramona Building is ideally located in the Heart of Downtown Santa Ana and located on 5th Street (8,000 vehicles per day) and near the intersections of Main Street (31,000 vehicles per day) and 1st Street (43,000 vehicles per day) for a total of over 82,000 vehicles passing nearby during the day. The Ramona Building will be marketed free and clear of any existing financing, creating an opportunity to place creative financing tailored to an investors desired hold period and risk profile coupled with our current marketplace financing to further enhance returns.

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Address Information
Address120 West 5th Street, Santa Ana
Street PrefixWest
Street SuffixStreet
CitySanta Ana
Location (MLS Area)70 – Santa Ana North of First
County Or ParishOrange
State or ProvinceCA
Postal Code92701
Postal Code Plus44641
CountryUS
Financial Information
Price per Square Foot$295.71
Total Monthly Rent$56,983
Special ConditionsStandard
Total Expenses$155,690
Professional Management Expense$28,215
Operating Expense$155,690
Insurance Expense$4,749
Electric Expense$35,753
Water Sewer Expense$2,068
Trash Expense$7,912
Maintenance Expense$5,500
Other Expense$4,278
Gross Scheduled Income$683,799
Net Operating Income$531,858
Vacancy Allowance$20,514
Other Income 1$24,263
Real Estate Tax Expense$45,365
Tax Annual Amount$45,365
Tax Year2019
Full Descriptions
Parcel Number39825801
Detailed DescriptionFor Sale – The Ramona Building which is located in the Heart of Downtown Santa Ana. The Ramona Building is approximately 33,817 sq.ft and is a fully stabilized multi-tenant investment property which is currently registered as a “Mills Act” property providing tax savings and limited exposure to property tax increases. The building offers recent renovations bringing a historic building to almost new on the interior and is occupied by a diverse mix of tenants, including Esports Arena (Orange County), SVN | Vanguard Commercial Real Estate and Financial Advocates Inc, in one of fastest transitioning submarkets of Orange County. Additionally, this property is located in an “Opportunity Zone” creating a favorable investment for years to come. This building provides outstanding visibility and is situated adjacent to a multi-story, city owned, parking structure providing sufficient parking for a nominal fee. The Ramona Building is ideally located in the Heart of Downtown Santa Ana and located on 5th Street (8,000 vehicles per day) and near the intersections of Main Street (31,000 vehicles per day) and 1st Street (43,000 vehicles per day) for a total of over 82,000 vehicles passing nearby during the day. The Ramona Building will be marketed free and clear of any existing financing, creating an opportunity to place creative financing tailored to an investors desired hold period and risk profile coupled with our current marketplace financing to further enhance returns.
Builder NameThe Ramona Building
Water SourcePublic
Construction MaterialsBrick, Concrete, Drywall Walls, Steel
Security FeaturesCard / Code Access, Fire Sprinklers
Laundry FeaturesNone
Heating DescriptionCentral Furnace
Building FeaturesElevators
Property parameters
Year Built1922
Living Area (Sq.Ft.)33,817 ft2
Lot Size SourceAssessor
Number of Buildings1
Number of Units Leased6
Number of Units Total6
Office ClassA
ZoningDT
Entry Level1
Stories Total4
Asset ClassOffice, Retail
Water SourcePublic
Land Usage DescriptionOffice, Retail
Property SubtypeOffice
Building StatusExisting
Units Total6
Year Built SourceAssessor
Vacancy Allowance Rate3%
Accounting TypeActual
Cap Rate (For Cash Payment Only)5.35
Listed withCameron Irons (SVN / Vanguard)