Santa Ana CA Real Estate & Land for Sale

Rare Investor/developer opportunity! This huge lot with an existing small single family residence and an ADU built onto the rear of the detached garage (which contains bath #2,) offers a unique opportunity to create a multiple unit property. The house and detached garage are situated at the front of the lot creating a very large, flat, buildable lot in the rear. The 4 neighboring, almost identical, lots directly to the west of the subject are all two-on-a-lot with ADUs. The way it is currently zoned, the city will most likely allow two separate detached homes with an ADU and a junior ADU for each home, making a total of 6 houses... check with the Santa Ana Planning Department to confirm. There is also a possibility of more than 6 houses with a variance. All buyers are encouraged to complete their due diligence before making an offer. This property will be part of an auction process with all bids due by the deadline of April 30, 2024.PLEASE NOTE: The list price on the MLS is the minimum bid price for the auction. This is not an absolute auction- there is a seller reserve that must be met. The buyer will be required to pay a 4% buyer's premium. The value is mainly in the land. Listing broker does not guarantee the information provided in the MLS is correct as to the improvements on the property. All prospective buyers are encouraged to complete their own diligence on the property before submitting an offer.

This is a fully permitted, shovel-ready 8 townhouses project in an OPPORTUNITY ZONE. Investor please note the opportunity to defer gains from other investments, and the chance to pay zero capital gain tax on this development! Located in the up-and-coming Harbor Mixed-Use Transit Corridor Zone in the city of Santa Ana. Building and grading permits are fully issued and all associated fees have been paid (school fee, public works fees, impact fees, etc.). Buy today and start construction tomorrow! The required affordable unit requirement has been paid off, that means all 8 units will be fully market rate upon completion. Easy to build 2-story, type V-B construction with large units and smart layout. Opportunity is calling!