13932 Hewes Ave - Apartments FOR SALE


Santa Ana, CA 92705
$2,795,000 USD
310-382-1063
13932 Hewes Ave, Santa Ana, CA for Sale
$2,795,000 USD
Apartments - FOR SALE
1/29
null | Request Cap Rate

13932 Hewes Ave
Santa Ana, CA 92705


HIGHLIGHTS

  • Massive 34,693 sq. ft. or .8 acre lot size
  • Potential to subdivide and substantially increase value
  • Very rare opportunity in a highly desirable area

OVERVIEW

Located at 13932 Hewes Avenue in the highly desirable, unincorporated North Tustin area just outside Santa Ana, this rare development opportunity is being offered primarily for its substantial land value. The property sits on an expansive 34,693 sq. ft. lot (~0.8 acres) and includes 4,814 sq. ft. of rentable space, with a list price of $2,795,000. This translates to approximately $580 per square foot of building space and $81 per land square foot, making it an attractive proposition for investors or developers seeking large parcels in the area. Originally built in 1953, the existing structure is a triplex currently configured as seven units, offering flexibility for redevelopment. The potential of this property is immense—whether subdividing the lot into four separate parcels to develop and sell as luxury condos, constructing a high-end estate, or legalizing the existing configuration for a multifamily investment with the potential to add even more units. With its combination of prime location, large lot size, and redevelopment potential, 13932 Hewes Avenue represents a compelling investment opportunity in a thriving residential market.

FOR SALE DETAILS

PRICE

$2,795,000 USD

PRICE/SF

$581 USD /SF

# OF UNITS

3

PRICE/UNIT

$931,667

CAP RATE

Request Cap Rate

% LEASED

50%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

13932 Hewes Ave, North Tustin, CA 92705

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1953

PARKING SPACES

10

LAND DETAILS

LAND ACRES

0.8 AC

LAND SF

34,693 SF

ZONING

R1

APN/PARCEL ID

395-571-02

ASK ABOUT THIS PROPERTY

Jack MccannLyon Stahl Investment Real EstateMore Info
310-382-1063

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Jack MccannLyon Stahl Investment Real EstateMore Info
310-382-1063

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.