Bought with General NONMEMBER • NONMEMBER MRML
$15,699,000
$16,900,000
7.1%For more information regarding the value of a property, please contact us for a free consultation.
121 S Beach Boulevard La Habra, CA 90631
58,613 SqFt
Key Details
Sold Price $15,699,000
Property Type Commercial
Sub Type Retail
Listing Status Sold
Purchase Type For Sale
Square Footage 58,613 sqft
Price per Sqft $267
MLS Listing ID CRPW22000987
Sold Date 04/08/22
HOA Y/N No
Lot Size 3.930 Acres
Property Sub-Type Retail
Source Datashare California Regional
Property Description
The subject property is situated on the South West corner of Beach Boulevard & La Habra Boulevard in the City of La Habra. The property is surrounded by other Commercial/Retail, Apartments and residential properties. Property includes ample parking and had a façade enhancement in 2007. Located across from Costco, near La Habra City Hall, Community Center, U.S. Post Office, La Habra Police Department and other Retail Shopping Centers. 2 legal parcels - potential to divide and resell, Potential for mixed use redevelopment 34% of income from credit tenants, 79% of income is internet resistant, 58% of tenants in place over 15 years Scheduled rent increases provide income growth Inflation Hedge- Below market Rents are easily replaceable – with increased income likely No deferred maintenance, Well maintained and easy to manage Tenants include: 7-Eleven, Dollar Tree, Bank of America, Subway, Kumon Learning Center, Best Deal Appliances, Taco Nazo, Dance Studio, Cleaners, Dentist, Women’s Center, Sushi, Acupuncture, Dog Groomer, Barber, Donuts, Farmers Insurance and More Stable Tenant Mix of National, Regional and Local Companies Substantial Parking & Abundant Street Frontage Located on High Traffic Point Corner with 57,985 Cars Per Day Sale is Combined With Additional Parcel 018-201
Location
State CA
County Orange
Interior
Fireplace No
Building
Water Public
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