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160 Olinda Place, Brea, CA 92823
$4,600,000 Sale Pending
160 Olinda Place, Brea, CA 92823View this property at 160 Olinda Place, Brea, CA 92823
160 Olinda PlaceBreaCA92823
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Property Description
Presenting a remarkable investment opportunity, this prime retail shopping center is now available for acquisition. Situated in a highly sought-after location, this property offers investors a strategic asset with a strong track record of performance and promising growth prospects. Strategically located in a high-traffic area with excellent visibility and accessibility, this shopping center is a cornerstone of the community and enjoys a consistent influx of potential customers. This shopping center boasts a total of +/-12,000 square feet on a spacious 3.68 acre lot. The center's diverse tenant mix includes a wide range of retail, dining, and service businesses. The shopping center offers ample parking with approximately 150 parking spaces, ensuring convenience for customers and tenants. The deferred maintenance presents an opportunity for the buyer to renovate and modernize the property, potentially increasing its leasing appeal and rental income. This could involve upgrading the façade, parking lot, enhancing landscaping, or improving common areas. Opportunities for expansion or redevelopment are available, allowing for additional revenue streams. Please note, expenses to follow.
Full Property Details
Full Property Details for 160 Olinda Pl
General
- Price: $4,600,000
- Status: Pending
- Type: Retail
- MLS ID: CV23200708
- Updated: 3/22/2024
- Days on Market: 180 days
- Added to Site: 180 day(s) ago
Business
- Business Type: Food & Beverage, Multi-Tenant, Paints, Professional S
Rooms
Other Rooms
- Laundry: None
Additional Information
- Security/Safety: Carbon Monoxide Detector(s), Smoke Detector(s)
Parking
- Uncovered Spaces: 150
Location
- County: Orange
- Driving Directions: Take Carbon Canyon East From Lambert Road to the Intersection of Olinda Dr & Carbon Canyon Rd.
Utilities
- Utility Description: Electricity Connected, Natural Gas Connected, Sewer Connected, Water Connected
Structural Information
- # Buildings: 2
- Construction: Frame, Stucco
- Roof: Spanish Tile
- Entry Floor Number: 1
- Stories/Levels: 1
- Building Size: 12000
- Square Feet: 12,000
- Year Built: 1966
- Year Built Source: Assessor
Lot Features
- Lot Size (Acres): 3.6826
- Useable Acres: 3.6826
- Lot Size (Sq. Ft.): 160,413
- Lot Size Source: Assessor
- Fence: Yes
- Lot Features: Gentle Sloping, Lot Over 40000 Sqft, Irregular Lot, Paved, Value In Land
- Lot Description: Gentle Sloping, Lot Over 40000 Sqft, Irregular Lot, Paved, Value In Land
- Fencing (Description): Chain Link
Financial Considerations
- Price Per Sq. Ft.: $383
Disclosures and Reports
- Buyer’s Brokerage Compensation: 2.5%
- Investment: Yes
- Property ID: 31505204
Listed by Re/Max Masters Realty, EricEide
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Schools
Schools serving 160 Olinda Pl
School District:Brea-Olinda Unified School District
Rating | Name | Grades | Distance |
---|---|---|---|
3145 E Birch St, Brea, CA 92821 | K-6 | 3 mi | |
400 N Brea Blvd, Brea, CA 92821 | 7-8 | 5.2 mi | |
789 Wildcat Way, Brea, CA 92821 | 9-12 | 4.2 mi |
Disclaimer: School ratings provided by
GreatSchools. Ratings are on a scale of 1-10.
Learn more about GreatSchools ratings.
School attendance boundaries provided by Pitney Bowes and are for reference only. Contact the school directly to verify enrollment eligibility.
Price & Sales History for 160 Olinda Pl
Date
Details
Price
Change
Source
11/01/2023
Listed
$4,600,000
—
MLS
Disclaimer: Historical sales information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.
Tax History
Tax History for 160 Olinda Pl
Year
Property Taxes
Change
Tax Assessment
Change
2023
$13,198
1%
$1,023,822
2%
2022
$13,045
2%
$1,003,748
2%
2021
$12,807
1%
$984,067
1%
2020
$12,716
2%
$973,977
2%
2019
$12,411
1%
$954,880
2%
2018
$12,228
2%
$936,157
2%
2017
$11,942
2%
$917,801
2%
2016
$11,715
1%
$899,805
2%
2015
$11,552
3%
$886,290
2%
2014
$11,232
1%
$868,929
—
2013
$11,140
—
$865,002
—
Disclaimer: Historical tax information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.
Estimate the Cost
Estimate the Cost for 160 Olinda Pl
160 Olinda Place, Brea, CA 92823 (MLS# CV23200708) is a Retail property. 160 Olinda Place is currently listed for $4,600,000 and was received on November 01, 2023. Want to learn more about 160 Olinda Place? Do you have questions about finding other Retail real estate for sale in Brea? You can browse all Brea real estate or contact a Coldwell Banker agent to request more information.