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121 S Beach BLVD La Habra, CA 90631
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Key Details
Sold Price $15,699,000
Property Type Commercial
Sub Type Retail
Listing Status Sold
Purchase Type For Sale
MLS Listing ID PW22000987
Sold Date 04/08/22
HOA Y/N No
Lot Size 3.930 Acres
Property Sub-Type Retail
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 018-201-20
Location
State CA
County Orange
Area 87 - La Habra
Interior
Fireplace No
Laundry None
Exterior
Community Features Park
Building
Lot Description 2-5 Units/Acre, Landscaped, Near Park, Near Public Transit, Paved, Rectangular Lot
Water Public
Others
Tax ID 01820121
Financing Cash to New Loan
Special Listing Condition Standard
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Bought with General NONMEMBER • NONMEMBER MRML