10652-10660 Magnolia Ave
Stanton, CA 90680
Value Add Retail Opportunity · Retail Property For Sale
Property Facts
Amenities
- Corner Lot
- Pylon Sign
- Restaurant
About 10652-10660 MAGNOLIA AVE , STANTON, CA 90680
Well located strip center at the signalized intersection of Magnolia and Pacific featuring 5 retail/restaurant suites. Constructed in 1986, the subject property is surrounded by a densely populated residential community. Leases have been allowed to expire in anticipation of adjacent redevelopment project. Great opportunity with upside. Additionally, Athenian Plaza is adjacent to the Tina/ Pacific Affordable Housing Project in the City of Stanton. The Housing Authority is currently negotiating an agreement with an affordable housing developer to complete the remaining acquisitions, relocation and redevelopment of the properties. Kickoff of the project is estimated to begin in 2020 (Phase I - 83 units.) Phase II is expected to begin shortly after completion of Phase I (78 units.)
Property Taxes
| Parcel Numbers | Improvements Assessment | $546,820 | |
| Land Assessment | $1,290,501 | Total Assessment | $1,837,321 |
Property Taxes
