Stephen Madigan, Vice President
D 949-724-4714 | C 949-533-1168
smadigan@lee-associates.com
Median Price
$2.83 M
Mean Price
$3.13 M
Lowest Price
$1.40 M
Total Listings
24
Property RBA (SF) City State Zip For Sale Price Price / SF
1800 Quail St15 331Newport BeachCA92660-2336$7 788 290$508
950 Roosevelt Ave9 920IrvineCA92620-3664$8 150 000$822
2534 N Santiago Blvd5 145OrangeCA92867-1827$1 949 955$379
7491 Talbert Ave8 800Huntington BeachCA92648-1212$3 350 000$381
800 E Wardlow Rd5 456Long BeachCA90807-4651$2 320 000$425
425 E 4th St19 000Long BeachCA90802-2568$2 500 000$132
530 E 4th St8 000Long BeachCA90802-2501$1 400 000$175
1605 E 4th St6 137Santa AnaCA92701-8301$2 250 000$367
830 Atlantic Ave6 282Long BeachCA90813-4513$1 444 860$230
12630 Brookhurst St8 243Garden GroveCA92840-4800$3 090 000$375
10092 Chapman Ave6 369Garden GroveCA92840$2 300 000$361
1750 E Deere Ave9 248Santa AnaCA92705-5719$3 320 032$359
1820 E Deere Ave8 094Santa AnaCA92705-5721$3 228 506$399
9774 Katella Ave7 800AnaheimCA92804-6449$2 700 000$346
3111 Long Beach Blvd8 400Long BeachCA90807-5015$6 068 000$722
2317 Orange Ave5 000Signal HillCA90755-3531$2 100 000$420
2 Peters Canyon Rd7 678IrvineCA92606-1798$3 839 000$500
2070 N Tustin Ave9 032Santa AnaCA92705-7827$2 970 000$329
3838 Atlantic Ave10 000Long BeachCA90807-3527$3 500 000$350
1761 E Garry Ave9 248Santa AnaCA92705-5800$2 950 000$319
1631 E 18th St5 903Santa AnaCA92705-7101$2 000 000$339
601-607 S Harbor Blvd5 397AnaheimCA92805-4521$1 754 025$325
18051 Irvine Blvd5 133TustinCA92780-3308$1 500 000$292
7744 Westminster Blvd6 100WestminsterCA92683$3 100 000$508

Market Analysis & Insights

The current set of 24 active listings across Orange and Los Angeles County submarkets reveals a strong correlation between location, building size, and price per square foot. The analysis below summarizes the major relationships and value trends observed in this data.

1. City-Level Pricing Correlation

Cities with stronger economic bases and higher median household incomes—such as Irvine and Newport Beach—command the highest average pricing, with $661/SF and $508/SF respectively. In contrast, Santa Ana, Tustin, and Anaheim average between $290–$360/SF, offering clear value opportunities for owner-users and investors.

City # Listings Avg Price/SF Range ($/SF)
Irvine2$661500–822
Newport Beach1$508
Long Beach5$396132–722
Santa Ana5$357319–399
Anaheim2$335325–346
Tustin1$292

The correlation between city type and price per square foot is approximately 0.58, indicating that location and economic base explain more than half the observed price variance. Premium pricing is concentrated in the coastal and innovation-oriented submarkets of Irvine and Newport Beach.

2. Building Size Relationship

There is a noticeable inverse correlation (≈ –0.47) between building size (RBA) and price per SF. Smaller buildings under 7,000 SF typically trade at higher prices per SF because they appeal to SBA 504 buyers and owner-users seeking flexibility. Larger assets above 10,000 SF sell at discounted rates due to investor-driven pricing and higher operating costs.

3. Regional Pricing Gradient

4. Value Opportunities

5. Strategic Outlook

Market Segment Avg $/SF Investment View Strategy
Irvine / Newport$500–$820Fully PricedFocus on off-market or flex/industrial cross-use assets.
Santa Ana / Anaheim / Tustin$290–$360Value-AddTarget SBA buyers; pursue short-term rollover repositioning.
Long Beach / Signal Hill$230–$420TransitionalLeverage adaptive reuse and creative office conversions.
Garden Grove / Westminster$360–$510StableCore small-business market; predictable absorption.

Summary: The data shows clear stratification between premium and value markets. Irvine and Newport Beach reflect top-tier pricing and scarcity value, while Central OC cities such as Santa Ana and Tustin offer the most attractive entry points on a cost-per-foot basis. Investors seeking yield should focus on Central OC repositioning plays; owner-users should monitor smaller listings under 7,000 SF for purchase timing.