SoldJun 17, 2016

Listed by Markus Brown

519 E 5th St, Santa Ana, CA, 92701

$375,000

2
1
1478 sq. ft.
6250 sq. ft.

SingleFam

Sold: Jun 17, 2016

What's around 519 E 5th St

About this property

This is one of the few redevelopment opportunities in Downtown Santa Ana with street-to-street coverage by combining the parcels located at 519 E. 5th (MLS# PW16103278) and 520 E. 6th (MLS# PW16103280). These properties are priced separately but must be purchased concurrently by the same buyer. Located just a few blocks away from the 4th Street Market area, these properties are surrounded by recent redevelopment that is breathing new vibrancy into the area and they are poised to be at the heart of the city's transit zoning code vision. Per the city of Santa Ana, the "UN2 zoning" of these properties is "intended to accommodate a variety of housing types with some opportunities for live-work, neighborhood-serving retail, and dining establishments. Appropriate building types include single dwellings, duplexes, triplexes, and quadplexes, courtyard housing, rowhouses, and live-work." The parcels are both 50' x 125' and currently each has one early 1900's era home. Both are in dilapidated condition and, per the city, may be either renovated or scraped in favor of new construction. Interested parties must refer to city documentation and verify any details regarding the opportunities and restrictions within the city's zoning code as it applies to this project.

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