160 Olinda Place Brea, CA $ 4,600,000
160 Olinda Place
$ 4,600,000
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160 Olinda Place

Brea, CA, 92823
$ 4,600,000
Baths0.0 Sq 12,000

Monthly Estimate*

$ 30,573

Listed by RE/MAX MASTERS REALTY
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Studio

Commercial Property for sale in Brea, CA

for $4,600,000. This 12,000 square foot building was built in 1966 on a lot size of 3.6826.

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.

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Commercial Active

Price

$ 4,600,000

Bedrooms

Studio

Property Type

Commercial

Taxes

$ 0

Style

Retail

Lot Size

3.6826

Year Built

1966

Town/City

Brea

County/Region

Orange

MLS | Web ID

CV23200708

Days on Market

209

Features
General
Utilities ElectricityConnected NaturalGasConnected SewerConnected WaterConnected
Roof SpanishTile
Security Features CarbonMonoxideDetectors SmokeDetectors
Construction Materials Frame Stucco
Year Built 1966
Electric Standard
Property SubType Retail
Business Type FoodBeverage MultiTenant ProfessionalOffice ProfessionalService Paints Restaurant Retail
County Orange
New Construction N
Property Type CommercialSale
HOA / Comm Assn N
Attached Garage N
Garage Y/N N
Special Listing Conditions Trust
Status ActiveUnderContract
Directions Take Carbon Canyon East From Lambert Road to the Intersection of Olinda Dr & Carbon Canyon Rd.
City Brea
View Y/N N
Senior Community Y/N N
Open Parking Spaces 150.0
MLS Area 86 - Brea
Lot Size Square Feet 160413.0
Private Pool N
Waterfront Y/N N
Carport Y/N N
Number of Units Leased 8
Street Name Olinda
Listing Terms Cash CashtoNewLoan Conventional Contract Item1031Exchange
Property Attached Y/N N
Land Lease Y/N N
Home Warranty Y/N N
Current Financing None
Lease Renewal Y/N N
Additional Parcels Y/N N
Lease Considered Y/N N
Rent Control Y/N N
Days on Market 112
Building Area Units SquareFeet
Standard Status ActiveUnderContract
Occupancy Type Tenant
Year Built Source Assessor
Property Sub Type Additional Retail
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Exterior
Fencing ChainLink
Lot Features GentleSloping IrregularLot LotOver40000Sqft Paved ValueInLand
Water Source Public
Total Parking 150.0
Lot Size Area 160413.0
Number of Buildings 2
Spa N
Building Area Total 12000.0
Lot Size Acres 3.6826
Lot Size Units SquareFeet
Lot Size Source Assessor
Crops Included Y/N N
Open Parking Y/N N
Horse Y/N N
Irrigation Water Rights Y/N N
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Interior
Total Stories 1
Basement (Y/N) N
Air Conditioning Y/N N
Heating Y/N N
Fireplace Y/N N
Street Suffix Place
Laundry Features None
Entry Level 1
Electric On Property Y/N N
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Internal Only
Street Number 1 160
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* Excluded Features
List By
Re/Max Masters Realty

Broker

(909) 364-8380

Phone

Affordability Calculator

$30,573
Per Month
100%
0%
0%
Monthly Principal & Interest
$30,573
Monthly Property Taxes
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Monthly Home Insurance
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Default based on a 30-year fixed rate of 6.99% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.
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THE TIME TO SELL IS NOW!
Nearby
273443 Elementary School
272636 Middle School
Unknown High School High School
Pricing History
DatePricePrice ChangeDescription
11/2/2023$4,600,000 Listed Price

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160 Olinda Place, Brea, CA, 92823 is a Commercial Property for sale at $4,600,000 with 12,000 sqft and a lot size of 3.6826. 160 Olinda Place is a studio with 0.0 baths and was built in 1966. The property's zip code is 92823 which is in Brea, CA