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18888 Labin Ct
Rowland Heights, CA 91748
Pearl of the East Plaza · Retail Property For Sale
INVESTMENT HIGHLIGHTS
- Rare C3 zoning allows versatile future redevelopment
- Fee simple ownership of land and building
- One of the most popular locations in Rowland Heights
- Iconic large-scale asset in land-constrained Rowland Heights
- Lease includes 15% rent increases every 5 years for growing NOI
EXECUTIVE SUMMARY
Strategically located in the heart of Rowland Heights, Pearl Plaza is an iconic and irreplaceable asset offering over 600 combined surface and structured parking spaces. Given the scarcity of large-scale developable land in the area, a project of this scale, quality, and tenant mix would be nearly impossible to duplicate today.
The property boasts a strong, stable tenant base with many long-term occupants operating for over a decade—delivering consistent income.
The rare C3 zoning designation allows for the broadest range of commercial uses in the market, significantly beyond what C1 and C2 zoning permits. Approved uses include large-scale restaurants, entertainment venues, KTV, hotels, automotive services, allowing for a wide array of commercial activities. This flexibility enhances long-term value and redevelopment potential.
The property boasts a strong, stable tenant base with many long-term occupants operating for over a decade—delivering consistent income.
The rare C3 zoning designation allows for the broadest range of commercial uses in the market, significantly beyond what C1 and C2 zoning permits. Approved uses include large-scale restaurants, entertainment venues, KTV, hotels, automotive services, allowing for a wide array of commercial activities. This flexibility enhances long-term value and redevelopment potential.
PROPERTY FACTS
Sale Type
Investment
Property Type
Retail
Property Subtype
Building Size
136,087 SF
Building Class
A
LoopNet Rating
4 Star
Year Built
2012
Price
$75,000,000
Price Per SF
$551.12
Cap Rate
4.80%
NOI
$3,600,000
Tenancy
Multiple
Building Height
2 Stories
Building FAR
0.51
Lot Size
6.13 AC
Zoning
LCC3BE* - flexible commercial use
Parking
604 Spaces (6.27 Spaces per 1,000 SF Leased)
Frontage
644’ on Pomona Fwy
AMENITIES
- Freeway Visibility
- Pylon Sign
- Restaurant
- Monument Signage
PROPERTY TAXES
| Parcel Number | 8761-011-020 | Improvements Assessment | $27,145,039 |
| Land Assessment | $6,990,681 | Total Assessment | $34,135,720 |
PROPERTY TAXES
Parcel Number
8761-011-020
Land Assessment
$6,990,681
Improvements Assessment
$27,145,039
Total Assessment
$34,135,720
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