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13932 Hewes Ave, North Tustin, CA 92705 13932 Hewes Ave

3 Unit Apartment Building $2,795,000 ($931,667/Unit) Santa Ana, CA 92705

Investment Highlights

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

Executive Summary

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.

Property Facts

Price $2,795,000
Price Per Unit $931,667
Sale Type Investment
No. Units 3
Property Type Multifamily
Property Subtype Apartment
Apartment Style Low Rise
Building Class B
Lot Size 0.80 AC
Building Size 4,814 SF
Average Occupancy 50%
No. Stories 1
Year Built 1953
Parking Ratio 2.08/1,000 SF

Unit Amenities

  • Kitchen
  • Range
  • Tub/Shower

PROPERTY TAXES

PROPERTY TAXES

Parcel Number
395-571-02
Land Assessment
$58,860
Improvements Assessment
$184,360
Total Assessment
$243,220

zoning

Zoning Code R1
R1
  • Listing ID: 33286280

  • Date on Market: 9/24/2024

  • Last Updated:

  • Address: 13932 Hewes Ave, Santa Ana, CA 92705

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