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Sale Land - Retail / Commercial No. 4 <br />Property Name Commercial Land <br />Address 2202 East 1st Street <br />Santa Ana, CA 92705 <br />County Orange <br />Govt./Tax ID 402-181-04 <br />Area Measurement(NRA) <br />Land Area Net 1.300 ac/ 56,628 sf <br />Land Area Gross 1.300 ac/ 56,628 sf <br />Site Development Status Finished <br />Utilities At site <br />Maximum FAR N/A <br />Max Allow Bldg Units/Density 188 / 144.62 <br />Min Land Bldg Ratio N/A <br />Shape Irregular <br />Primary Frontage 140 ft on First <br />Secondary Frontage N/A <br />Topography Level, At Street Grade <br />Flood Zone Class Zone X (Unshaded) <br />Flood Panel No./ Date 06059C0277J/ Dec 2009 <br />Zoning Commercial (C-2) <br />Entitlement Status EIR Complete <br />Proposed Use or Development Senior Housing & Care <br />Transaction Details <br />Type Sale Primary Verification Deed/CoStar <br />Interest Transferred Fee Simple Transaction Date 01/30/2024 <br />Condition of Sale None Recording Date 01/24/2024 <br />Recorded Buyer AMG & Associates, LLC Sale Price $3,345,500 <br />Buyer Type Developer Financing Cash to Seller <br />Recorded Seller Executive Car Leasing Company Cash Equivalent $3,345,500 <br />Marketing Time N/A Capital Adjustment $0 <br />Listing Broker N.A.% Interest Purchased 100% <br />Doc #24-21264 Adjusted Price $3,345,500 <br />Adjusted Price / ac and <br />/ sf <br />$2,573,462 / $59.08 <br />Adjusted Price/ FAR N/A <br />Adjusted Price/ Unit $17,795 <br />Comments <br />This is a 1.3-acre commercial site located along 1st Street in Santa Ana. The site is a deep and narrow lot, formerly used as a a car leasing lot, <br />adjacent to a recently constructed senior housing development. The site is zoned C2 - Commercial and has direct access from East 1st Street. On <br />January 22, 2024, the property sold for $3,345,500 or $59/site sf to a developer. Per public records, the planned development of the site is a <br />senior living facility. No special conditions were noted. <br />  <br />  <br />City Council 17 – 51 2/17/2026