Log In/Sign Up
Your email has been sent.
160 Olinda Pl 12,000 SF 100% Leased Retail Building Brea, CA 92823 $2,995,000 ($249.58/SF) 3.46% Cap Rate
Investment Highlights
- Positioned in a high-traffic corridor with excellent visibility and easy access.
- Anchored by a diverse tenant mix, including retail, dining, and service businesses.
- Expansion or redevelopment potential under existing zoning or through rezoning approvals.
- Approximately 150 surface parking spaces provide abundant customer convenience.
- Value-add opportunity through renovations to façade, common areas, and parking lot.
- Potential senior living redevelopment permitted with conditional use authorization.
Executive Summary
This retail shopping center offers a compelling investment opportunity in a high-visibility, high-traffic location. Spanning approximately 12,000 square feet on a 3.68-acre parcel, the property features a diverse mix of retail, dining, and service tenants that generate consistent customer activity. The asset includes roughly 150 parking spaces, ensuring convenience and accessibility for visitors. Deferred maintenance presents a value-add opportunity for renovation and modernization, which can enhance tenant appeal and bolster rental income. Additionally, the site’s Neighborhood Commercial (C-N) zoning allows for creative redevelopment options, including possibilities for senior living facilities subject to a conditional use permit. Investors also have potential for rezoning, with R-1 zoning permitting up to six single-family dwellings per acre, contingent on City approvals. This property combines an established performance record with strong long-term growth potential, offering significant flexibility for investment strategies.
Property Facts
Sale Type
Investment
Sale Conditions
Property Type
Retail
Property Subtype
Storefront
Building Size
12,000 SF
Building Class
C
Year Built
1966
Price
$2,995,000
Price Per SF
$249.58
Cap Rate
3.46%
NOI
$103,740
Percent Leased
100%
Tenancy
Multiple
Building Height
1 Story
Building FAR
0.07
Lot Size
3.68 AC
Zoning
C-N - Neighborhood Commercial
Parking
150 Spaces (10 Spaces per 1,000 SF Leased)
Frontage
512’ on Carbon Canyon
Not walkable
10/100
Exceptionally drivable
100/100
Fairly bikeable
40/100
Property Taxes
| Parcel Number | 315-052-04 | Improvements Assessment | $612,265 |
| Land Assessment | $452,918 | Total Assessment | $1,065,183 |
Property Taxes
Parcel Number
315-052-04
Land Assessment
$452,918
Improvements Assessment
$612,265
Total Assessment
$1,065,183
1 of 9
Videos
Matterport 3D Exterior
Matterport 3D Tour
Photos
Street View
Street
Map
Presented by
160 Olinda Pl
Already a member? Log In
Hmm, there seems to have been an error sending your message. Please try again.
Thanks! Your message was sent.