Santa Ana Police said an officer observed a vehicle at 3500 Westminster Avenue with two individuals inside at about 4 a.m. Tuesday.
An investigation determined the two men had just committed a burglary at the Westminster Mini Mall on the 3400 block of Westminster.
A search of the vehicle revealed jewelry worth more than $200,000 and a surveillance system from the mall.
L.A. resident Jesus Garfias and Whittier resident Pedro Lugo were arrested and booked for commercial burglary.
A hole in the roof of the business was discovered during the subsequent investigation.