13932 Hewes Ave, North Tustin, CA 92705 | 13932 Hewes Ave
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13932 Hewes Ave, North Tustin, CA 92705 13932 Hewes Ave
3 Unit Block of Flats £2,186,948 (£728,983/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 | £2,186,948 | Building Class | B |
| Price Per Unit | £728,983 | Lot Size | 0.80 AC |
| Sale Type | Investment | Building Size | 4,814 SF |
| No. Units | 3 | Average Occupancy | 50% |
| Property Type | Residential | Number of Floors | 1 |
| Property Subtype | Apartment | Year Built | 1953 |
| Apartment Style | Low Rise | Parking Ratio | 2.08/1,000 SF |
| Price | £2,186,948 |
| Price Per Unit | £728,983 |
| Sale Type | Investment |
| No. Units | 3 |
| Property Type | Residential |
| Property Subtype | Apartment |
| Apartment Style | Low Rise |
| Building Class | B |
| Lot Size | 0.80 AC |
| Building Size | 4,814 SF |
| Average Occupancy | 50% |
| Number of Floors | 1 |
| Year Built | 1953 |
| Parking Ratio | 2.08/1,000 SF |
Unit Amenities
- Kitchen
- Range
- Tub/Shower
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PROPERTY TAXES
| Parcel Number | 395-571-02 | Improvements Assessment | £144,252 |
| Land Assessment | £46,055 | Total Assessment | £190,307 |
PROPERTY TAXES
Parcel Number
395-571-02
Land Assessment
£46,055
Improvements Assessment
£144,252
Total Assessment
£190,307
zoning
| Zoning Code | R1 |
| R1 |
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13932 Hewes Ave, North Tustin, CA 92705 | 13932 Hewes Ave
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