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23121-23141 Orange Ave
Lake Forest, CA 92630
El Toro Auto Repair Center · Retail Property For Sale

PROPERTY FACTS
- Auto Repair
- Industrial Service
AMENITIES
- Signage
ABOUT 23121-23141 ORANGE AVE , LAKE FOREST, CA 92630
El Toro Auto Repair Center stands out as one of the best real estate investment opportunities available in Southern California today. Sitting on 2.66 acres of prime South Orange County land, El Toro Auto Repair Center is one of the largest full-service auto repair centers in all of Orange County, California. The City of Lake Forest, the home of El Toro Auto Repair Center, is a densely populated, affluent, master-planned submarket of Orange County that is adjacent to the southern boarder of Irvine, the site of the densely populated Irvine Spectrum. This property - with its essential services, COVID-19 resistant tenancy - has a long history of strong occupancy in times of strong economic growth as well as during recessions. It is home to a variety of auto repair specialties, some of which offer unique services such as classic car and RV repairs. Of its fifteen tenants, its most notable, national tenants are Maaco Body Shop and AAMCO Transmissions. As is evidenced by online reviews, most of the local tenants have earned themselves a loyal customer base. El Toro Auto Repair Center has approximately 365 feet of frontage on El Toro Road, the most heavily trafficked thoroughfare in Lake Forest with a car count of between 36,000 and 38,000 cars per day. Access to the property is from Orange Avenue, a side street within an industrial park. Area demographics are a positive driver of local businesses including auto repair shops. According to Costar in February 2019, the average annual household income within a 5-mile radius is over $124,000. Within that same area surrounding El Toro Auto Repair Center, the population is in excess of 313,000. Costar also provides statistics on consumer spending. According to one of their recent reports, spending on “automotive repair and maintenance” within a 1-mile radius of El Toro Auto Repair Center is over $8,130,000 per year. Within a 5-mile radius the level of spending balloons to over $130,530,000.
PROPERTY TAXES
| Parcel Number | 613-371-01 | Improvements Assessment | $2,240,634 |
| Land Assessment | $12,155,713 | Total Assessment | $14,396,347 |
PROPERTY TAXES
Listing ID: 19212989
Date on Market: 4/13/2020
Last Updated:
Address: 23121-23141 Orange Ave, Lake Forest, CA 92630
The Retail Property at 23121-23141 Orange Ave, Lake Forest, CA 92630 is no longer being advertised on LoopNet.com. Contact the broker for information on availability.
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