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1743 W La Palma Avenue

Anaheim, CA 92801
  • $1,890,000
  • STATUS: Active Under Contract
  • ON SITE: 103 Days
  • ID#: OC24045104
Under Contract
UPDATED: 32 min ago
$1,890,000
  • 0
    BEDS
  • 0.3
    ACRES
  • 0
    BATHS
  • 0
    1/2 BATHS
Type:
Commercial
Built:
1962
County:

School Ratings & Info

Listing Agent(s): Robert Tran of HPT Realty (714-775-7100)


Description

VALUE ADD OPPORTUNITY or BUSINESS OWNER DREAM!Two below-market rent tenants lease expired, next to each other, and one more will expire by end of 2024. Increase to market rent, or combine all 3 units to open your dream business.1741- 1749 W La Palma Introducing a prime commercial property opportunity: a meticulously maintained strip center spanning 4,500 square feet on a generous 13,032 square foot lot. Comprising five fully leased units, this property stands as a lucrative investment on a bustling high-traffic street, promising exceptional visibility and accessibility.Situated in a prime location, this strip center offers a remarkable value-add potential. With most tenant leases transitioning to a month-to-month basis, there is a unique opportunity to optimize returns by adjusting rental rates. Projected to achieve a potential yield of 5.3%, this property is poised for increased profitability.The strategic positioning of this commercial gem not only ensures immediate returns but also holds promising prospects for long-term appreciation. Boasting a new roof and scheduled parking lot repairs in April, the property is poised for enhanced durability and reduced maintenance costs.The property features 14 parking spaces in the front and an additional 10 at the rear, ensuring ample convenience for both tenants and customers. Whether you are an astute investor seeking a steady income stream or someone keen on capitalizing on the potential appreciation of a prime location, this commercial property offers a well-rounded investment opportunity. Don't miss out on the chance to be part of a thriving community with this turnkey strip center that combines immediate stability with future growth potential.

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Based on information from California Regional Multiple Listing Service, Inc. as of 2024-06-17T21:35:39.117. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is deemed reliable but is not guaranteed accurate by the MLS or Steele Canyon Realty. Licensed in the State of California, USA.
www.steelecanyonrealty.com/homes/148306013
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1743 W La Palma Avenue Anaheim, CA 92801

  • Price: $1,890,000
  • Status: Active Under Contract
  • On Site: 103 Days
  • Updated: 32 min ago
  • ID#: OC24045104
0
Beds
0
Baths
0
½ Baths
0.3
Acres
1962
Built
Neighborhood:
79 - Anaheim West of Harbor
County:
Orange
Area:
79 - Anaheim West of Harbor
Property Description
VALUE ADD OPPORTUNITY or BUSINESS OWNER DREAM!Two below-market rent tenants lease expired, next to each other, and one more will expire by end of 2024. Increase to market rent, or combine all 3 units to open your dream business.1741- 1749 W La Palma Introducing a prime commercial property opportunity: a meticulously maintained strip center spanning 4,500 square feet on a generous 13,032 square foot lot. Comprising five fully leased units, this property stands as a lucrative investment on a bustling high-traffic street, promising exceptional visibility and accessibility.Situated in a prime location, this strip center offers a remarkable value-add potential. With most tenant leases transitioning to a month-to-month basis, there is a unique opportunity to optimize returns by adjusting rental rates. Projected to achieve a potential yield of 5.3%, this property is poised for increased profitability.The strategic positioning of this commercial gem not only ensures immediate returns but also holds promising prospects for long-term appreciation. Boasting a new roof and scheduled parking lot repairs in April, the property is poised for enhanced durability and reduced maintenance costs.The property features 14 parking spaces in the front and an additional 10 at the rear, ensuring ample convenience for both tenants and customers. Whether you are an astute investor seeking a steady income stream or someone keen on capitalizing on the potential appreciation of a prime location, this commercial property offers a well-rounded investment opportunity. Don't miss out on the chance to be part of a thriving community with this turnkey strip center that combines immediate stability with future growth potential.
Exterior Features

Entry Level 1 Lot Features 2-5 Units/Acre Sign On Property YN Yes

Property Features

Additional Parcels YN No Common Interest None Contingency 45 days for loan and inspection Current Financing None Laundry Features None Listing Agreement Exclusive Right To Sell Listing Service Full Service Listing Terms 1031 Exchange Number Of Units Leased 5 Property Sub Type Retail Special Listing Conditions Standard Water Source Public



Based on information from California Regional Multiple Listing Service, Inc. as of 2024-06-17T21:35:39.117. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is deemed reliable but is not guaranteed accurate by the MLS or Steele Canyon Realty. Licensed in the State of California, USA.
 
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Steele Canyon Realty
5923 Severin Drive
La Mesa CA, 91942
Listing Agent(s): Robert Tran of HPT Realty (714-775-7100)