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424 S Lemon Ave - U-HAUL 0.96 Acres of Commercial Land Offered at $4,279,000 in Walnut, CA 91789
Investment Highlights
- Ideal for logistics, storage, or specialized uses such as EV or autonomous vehicle charging stations.
- Adjacent to the future Walnut Business Park, a 25-acre development with over 400,000 square feet of office and industrial space.
- Current use as a U-Haul rental and vehicle storage yard with a long-term tenant on a month-to-month lease.
- Located just south of Valley Boulevard and close to the 60 Freeway for excellent regional access.
- Nearly one-acre parcel with significant frontage along S. Lemon Avenue.
- Flexible redevelopment potential in a high-demand industrial corridor.
Executive Summary
Currently generating stable interim income from a long-standing U-Haul operation, the site offers flexibility for investors, developers, or owner-users. Its size and positioning make it suitable for a variety of uses, including logistics, storage, or specialized applications such as EV or autonomous vehicle charging facilities. With limited land availability in this high-demand submarket and strong regional growth drivers, this property represents a compelling investment opportunity.
Financial Summary (Actual - 2023) |
Annual | Annual Per AC |
|---|---|---|
| Gross Rental Income |
$54,000
|
$56,250.00
|
| Other Income |
-
|
-
|
| Vacancy Loss |
-
|
-
|
| Effective Gross Income |
$54,000
|
$56,250.00
|
| Net Operating Income |
-
|
-
|
Financial Summary (Actual - 2023)
| Gross Rental Income | |
|---|---|
| Annual | $54,000 |
| Annual Per AC | $56,250.00 |
| Other Income | |
|---|---|
| Annual | - |
| Annual Per AC | - |
| Vacancy Loss | |
|---|---|
| Annual | - |
| Annual Per AC | - |
| Effective Gross Income | |
|---|---|
| Annual | $54,000 |
| Annual Per AC | $56,250.00 |
| Net Operating Income | |
|---|---|
| Annual | - |
| Annual Per AC | - |
Property Facts
| Price | $4,279,000 | Property Type | Land |
| Sale Type | Investment | Property Subtype | Commercial |
| Sale Conditions | Proposed Use | ||
| No. Lots | 1 | Total Lot Size | 0.96 AC |
| Zoning | LCM11/2* - Industrial | ||
| Price | $4,279,000 |
| Sale Type | Investment |
| Sale Conditions | |
| No. Lots | 1 |
| Property Type | Land |
| Property Subtype | Commercial |
| Proposed Use | |
| Total Lot Size | 0.96 AC |
| Zoning | LCM11/2* - Industrial |
1 Lot Available
Lot 1
| Price | $4,279,000 | Lot Size | 0.96 AC |
| Price Per AC | $4,457,291.67 |
| Price | $4,279,000 |
| Price Per AC | $4,457,291.67 |
| Lot Size | 0.96 AC |
This address is a 41,698 square foot or 0.96 gross and net acre, rectangular-shaped lot positioned along the east side of Lemon Avenue, 250 feet south of Valley Boulevard in the City of Industry, California.
Description
This 0.96-acre parcel is located along the east side of S. Lemon Avenue, approximately 250 feet south of Valley Boulevard in the City of Industry, California, with a City of Walnut postal address. The site is rectangular in shape and offers significant frontage on S. Lemon Avenue. It is currently improved with two single-story, wood-framed structures totaling approximately 2,100 square feet: a 960-square-foot office/retail building in average condition and a 1,144-square-foot storage structure in below-average condition. The lot is partially asphalt and concrete paved and is in average condition overall. The property is currently leased on a month-to-month basis and has been operated as a U-Haul rental and vehicle storage yard for more than 20 years. Water service is public, and the property is situated in a highly accessible location near the 60 Freeway, providing excellent regional connectivity.
Property Taxes
| Parcel Number | 8760-023-020 | Improvements Assessment | $8,936 (2025) |
| Land Assessment | $87,020 (2025) | Total Assessment | $95,956 (2025) |
Property Taxes
Presented by
424 S Lemon Ave - U-HAUL
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