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18713 Tiffeni Dr 21,604 SF 100% Leased Office Building Twain Harte, CA 95383 $2,400,000 ($111.09/SF)
Investment Highlights
- Highly visible location within Twain Harte Village, a hub for shopping, dining, and recreation.
Executive Summary
Redevelopment project for 20 unit multifamily building.The shopping center was divided into 3 new legal parcels. Previously the entire Center's address was 18711 Tiffeni Drive, Twain Harte. The County renamed this Parcel A , approx. 3.8 Ac.to 19031 Michele Lane, Twain Harte. The building can continue to be commercial. It previously was rented to a gym, a mailbox company, medical office, and general offices. However, we had Erik Smith, architect convert and redesign the building to 20 apartments as there appears to be a demand for apartments. See apartment plans. In addition, with this parcel there is additional land. Subject to County approval, Erik Smith on the additional land also designed 18 townhouses and an approx. 5,000 sq. ft. retail/ restaurant building.
I9031 Michele Lane is a 2 story building , approx. 23,040 sq.ft., First Floor Approx.11,520 sq.ft., Second Floor 11,520 sq.ft. Sale price for this Parcel A is $2,400,000.00
Adjacent to the above Parcel A is Parcel C, approx. 2.13 Ac. It was previously rented to a pharmacy, liquor store, Mexican restaurant, coffee shop, beauty salon, Curves and bookstore. Erik Smith, architect, designed 17 apartment units to convert the building from vacant retail to residential apartment units. However, it still can be leased as retail units.
18711 Tiffeni Drive, Twain Harte, a one story building, approx.32,128 sq.ft. This Parcel recently sold on August 15, 2025 for $6,450,000.00
18713 Tiffeni Drive, Twain Harte, a one story building, approx. 21,604 sq.ft. Sale price for this Parcel C is $2,400,000.00
Adjacent to the above Parcel C is Parcel B, Approx. 3.12 Ac. Currently occupied by Twain Harte Market, approx. 20,160 sq.ft., the Pizza Factory 2 stores, 2,880 and 1,920 sq.ft. and 2 vacant stores 2,880 and 4,288 sq.ft.
The asking price of $2,400,000 for Parcel A ,19031 Michele Lane and $2,400,000 for Parcel C, 18713 Tiffeni Drive is almost 1/2 the price of the sold price of $6,450,000 for Parcel B, 18711 Tiffeni Drive on a per sq. ft. basis
I9031 Michele Lane is a 2 story building , approx. 23,040 sq.ft., First Floor Approx.11,520 sq.ft., Second Floor 11,520 sq.ft. Sale price for this Parcel A is $2,400,000.00
Adjacent to the above Parcel A is Parcel C, approx. 2.13 Ac. It was previously rented to a pharmacy, liquor store, Mexican restaurant, coffee shop, beauty salon, Curves and bookstore. Erik Smith, architect, designed 17 apartment units to convert the building from vacant retail to residential apartment units. However, it still can be leased as retail units.
18711 Tiffeni Drive, Twain Harte, a one story building, approx.32,128 sq.ft. This Parcel recently sold on August 15, 2025 for $6,450,000.00
18713 Tiffeni Drive, Twain Harte, a one story building, approx. 21,604 sq.ft. Sale price for this Parcel C is $2,400,000.00
Adjacent to the above Parcel C is Parcel B, Approx. 3.12 Ac. Currently occupied by Twain Harte Market, approx. 20,160 sq.ft., the Pizza Factory 2 stores, 2,880 and 1,920 sq.ft. and 2 vacant stores 2,880 and 4,288 sq.ft.
The asking price of $2,400,000 for Parcel A ,19031 Michele Lane and $2,400,000 for Parcel C, 18713 Tiffeni Drive is almost 1/2 the price of the sold price of $6,450,000 for Parcel B, 18711 Tiffeni Drive on a per sq. ft. basis
Property Facts
Sale Type
Investment
Sale Condition
Redevelopment Project
Property Type
Building Size
21,604 SF
Building Class
C
Year Built
1981
Price
$2,400,000
Price Per SF
$111.09
Percent Leased
100%
Tenancy
Multiple
Building Height
1 Story
Typical Floor Size
21,604 SF
Building FAR
0.23
Lot Size
2.13 AC
Zoning
Mixed Use - Commercial mixed use
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Fairly walkable
40/100
Very drivable
80/100
Somewhat bikeable
30/100
Property Taxes
| Parcel Number | 048-680-046-000 | Improvements Assessment | $5,441,126 |
| Land Assessment | $2,355,973 | Total Assessment | $7,797,099 |
Property Taxes
Parcel Number
048-680-046-000
Land Assessment
$2,355,973
Improvements Assessment
$5,441,126
Total Assessment
$7,797,099
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18713 Tiffeni Dr