Under Contract

160 Olinda Place

Brea CA, 92823

$4,600,000


$383.33 per sqft

Under Contract

12,000 sqft

Commercial

Built in 1966

Listed by Eric Eide with RE/MAX MASTERS REALTY 909-364-8380

Presenting a remarkable investment opportunity, this prime retail shopping center is now available for acquisition. Situated in a highly sought-after location, this property offers investors a strategic asset with a strong track record of performance and promising growth prospects. Strategically located in a high-traffic area with excellent visibility and accessibility, this shopping center is a cornerstone of the community and enjoys a consistent influx of potential customers. This shopping center boasts a total of +/-12,000 square feet on a spacious 3.68 acre lot. The center's diverse tenant mix includes a wide range of retail, dining, and service businesses. The shopping center offers ample parking with approximately 150 parking spaces, ensuring convenience for customers and tenants. The deferred maintenance presents an opportunity for the buyer to renovate and modernize the property, potentially increasing its leasing appeal and rental income. This could involve upgrading the facade, parking lot, enhancing landscaping, or improving common areas. Opportunities for expansion or redevelopment are available, allowing for additional revenue streams. Please note, expenses to follow.

CV23200708

MLS ID

November 1, 2023

Listed

February 21, 2024

Updated

Map

160 Olinda Place
Brea CA, 92823

Interior Features

Total Stories

1


Laundry Description

None


Fireplace

No


Cooling

No


Heating

No

Exterior/Building Features

Lot Size

3.68 Acres


Lot Features

Gentle Sloping, Irregular Lot, Lot Over 40000 Sqft, Paved, Value In Land


Roof

Spanish Tile

Other Property Details

Area Name

86 - Brea


Days on Market

112


Garage

No


Parking Total

150


View

No


County

Orange


Water Source

Public


Pool

No


Buyer Agency Compensation

2.5%

Listing History

Date

Event

Price

2/21/2024

Under Contract

Listing Contact: 909-364-8380 

Based on information from the California Regional Multiple Listing Service (CRMLS) as of 2/21/2024. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, the Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent. Property locations as displayed on any map are best approximations only and exact locations should be independently verified. Any offer of compensation is made only to participants of the MLS where the listing is filed.

©2024 California Regional Multiple Listing Service (CRMLS) all rights reserved.

Data last updated on 2/21/2024 at 11:38 PM UTC

 

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