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115 N Harbor Blvd - First Harbor Square 1.75 Acres of Residential Land Offered at $26,522,479 CAD in Santa Ana, CA 92703

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INVESTMENT HIGHLIGHTS

Residential land primed to take advantage of the highest density zoning in Santa Ana at 5.0 FAR, 7.15% yield on cost, and 30.8% IRR (pro forma).
Fully entitled, with approval to develop 130-unit condo/apartments, and 14,456 square feet of retail on the ground floor.
Located within a Los Angeles Opportunity Zone, this project offers prospective owners or developers capital gains tax benefits.

First Harbor Square will become Santa Ana's primary multifamily residence and shopping center upon its completion.
At the corner of W 1st Street and N Harbor Boulevard, this mixed-use development is projected to see a total of 83,000 vehicles pass per day.
Southern California leads the US multifamily market, characterized by high demand, low supply, and strong rent growth.

EXECUTIVE SUMMARY

Invest in this fully entitled residential land for sale within a qualified Opportunity Zone and approved development plans at 115 N Harbor Boulevard in Santa Ana, California. This mixed-use project, named First Harbor Square, is fully approved for 130 units of residential condominiums and 14,456 square feet of 10 retail storefronts, ready for construction in just six months. The September 2024 appraisal report valued the land at $22.6 million, representing a 16% discount based on an approved plan for 181 units.

Upon completion, First Harbor Square will become Santa Ana's primary multifamily residence and shopping. This significant new development will span an impressive 237,675 square feet. This innovative mixed-use center boasts a compelling blend of retail, dining, office spaces, and 130 residential condos. Skillfully designed with a focus on pedestrian-friendly experiences, this project hopes to actively engage the urban tapestry along the vibrant corridors of Harbor Boulevard and First Street.

Located at SoCal’s busiest intersection of five major throughfares of the 55,5,22, and 405 freeways, providing access to top Orange County attractions. Daily traffic volume in the properties position exceeds 83,000, ranking 22nd in the county. Santa Ana, situated in the highly desirable Orange County, California, has a population exceeding 350,000, ranking among the top three most populous cities in the county. First Harbor Square is a 10-minute drive from Disneyland, just 15 minutes from Irvine (the preferred residential area for Chinese Americans), and 15 minutes from South Coast Plaza. The surrounding amenities and services are well-developed. In addition, Orange County is the third-largest diversified hub for the high-tech industry in the United States.

Fully approved, this high-density land is a unique find in the City of Santa Ana. Ownership is open to a joint venture with a capital partner who can provide the majority of the required funding.

Offering Memorandum

FINANCIAL SUMMARY (PRO FORMA - 2026) Click Here to Access	ANNUAL (CAD)	ANNUAL PER AC (CAD)
Gross Rental Income	$99,999	$9.99
Other Income	-	-
Vacancy Loss	-	-
Effective Gross Income	$99,999	$9.99
Taxes	-	-
Operating Expenses	-	-
Total Expenses	$99,999	$9.99
Net Operating Income	$99,999	$9.99

FINANCIAL SUMMARY (PRO FORMA - 2026) Click Here to Access

Gross Rental Income (CAD)
Annual	$99,999
Annual Per AC	$9.99

Other Income (CAD)
Annual	-
Annual Per AC	-

Vacancy Loss (CAD)
Annual	-
Annual Per AC	-

Effective Gross Income (CAD)
Annual	$99,999
Annual Per AC	$9.99

Taxes (CAD)
Annual	-
Annual Per AC	-

Operating Expenses (CAD)
Annual	-
Annual Per AC	-

Total Expenses (CAD)
Annual	$99,999
Annual Per AC	$9.99

Net Operating Income (CAD)
Annual	$99,999
Annual Per AC	$9.99

PROPERTY FACTS

Price	$26,522,479 CAD	Property Subtype	Residential
Sale Type	Investment	Proposed Use	Commercial Retail Mixed Use Multifamily Apartment Units
No. Lots	1	Total Lot Size	1.75 AC
Property Type	Land	Opportunity Zone	Yes State officials designate a portion of qualified Census Tracts to be Opportunity Zones. Certain investments in Opportunity Zones may be eligible for preferential tax treatment.
Zoning	SP2 - Harbor Transite Specific, 5.0 AFR, highest density parcel in City of Santa Ana

Price	$26,522,479 CAD
Sale Type	Investment
No. Lots	1
Property Type	Land
Property Subtype	Residential
Proposed Use	Commercial Retail Mixed Use Multifamily Apartment Units
Total Lot Size	1.75 AC
Opportunity Zone	Yes State officials designate a portion of qualified Census Tracts to be Opportunity Zones. Certain investments in Opportunity Zones may be eligible for preferential tax treatment.
Zoning	SP2 - Harbor Transite Specific, 5.0 AFR, highest density parcel in City of Santa Ana

1 LOT AVAILABLE

Lot

Price	$26,522,479 CAD	Lot Size	1.75 AC
Price Per AC	$15,155,702.47 CAD

Price	$26,522,479 CAD
Price Per AC	$15,155,702.47 CAD
Lot Size	1.75 AC

This lot is located in an opportunity zone, which offers tax-free benefits.

DESCRIPTION

This is an opportunity to purchase fully entitled residential land for sale. The investment property will include 130 units of condominiums/apartments and 14,456 square feet of retail space (10 units) on the ground floor, all of which is fully approved. You will not find another piece of land with such high density in the City of Santa Ana.