Investment Overview
710 E. 4th Street, a ±25,700 SF (0.59 acre) infill redevelopment site in the heart of Santa Ana's Lacy District, one block from Downtown Santa Ana and the OC Streetcar corridor.
RARE BY-RIGHT MULTIFAMILY LAND IN AN INFILL LOCATION
The site is zoned SD-84/UN-2 with a General Plan designation of Urban Neighborhood (UN-30), supporting multifamily residential development by-right at 30 dwelling units per acre — approximately 17 units by-right, with meaningfully higher unit counts achievable through the State Density Bonus program. A 20–26+ unit, three-story project is a natural fit for the site's dimensions and the surrounding neighborhood fabric.
ACCELERATED ENTITLEMENT PATH UNDER AB 130
The property sits within Santa Ana's Adaptive Reuse Project Incentive Area and qualifies under AB 130, providing a statutory CEQA exemption (PRC §21080.66) for qualifying infill housing projects. This compresses the typical post-close entitlement timeline from 9–24 months down to approximately 2–4 months, with a 30-day mandatory agency decision shot clock — dramatically reducing carry cost, entitlement risk, and CEQA litigation exposure.
LOCATION
The Lacy District is one of Orange County's most active infill submarkets, directly adjacent to Downtown Santa Ana's restaurant, retail, and arts core. The site is within walking distance of the OC Streetcar (connecting Downtown Santa Ana to the Santa Ana Regional Transportation Center and Garden Grove), the 4th Street retail corridor, civic center employment, and multiple recently completed and under-construction multifamily projects.
Investment Highlights
- 3,840 SF building
- Built in 1979
- Zoned SD-84/UN-2
- Located in Santa Ana
- Ideal for industrial use
- Spacious interior
- Great investment opportunity
- Versatile zoning options
- Well-maintained property