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

PROPERTY FACTS

Property Type
Retail
Property Subtype
Auto Repair
Building Size
45,697 SF
Building Class
C
Year Built
1972
Percent Leased
95%
Tenancy
Multiple
Building Height
1 Story
Building FAR
0.37
Lot Size
2.80 AC
Zoning
IP-Industrial - Industrial Park
Parking
40 Spaces (0.87 Spaces per 1,000 SF Leased)
Frontage
385’ on Orange Ave

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

PROPERTY TAXES

Parcel Number
613-371-01
Land Assessment
$12,155,713
Improvements Assessment
$2,240,634
Total Assessment
$14,396,347
  • Listing ID: 19212989

  • Date on Market: 4/13/2020

  • Last Updated:

  • Address: 23121-23141 Orange Ave, Lake Forest, CA 92630

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