Brea, CA 92823 160 Olinda Place

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Presented By: Eric Eide with RE/MAX MASTERS REALTY; 714-785-2557
  • MLS# CV23200708
  • 11/01/2023
  • Request Tour
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  • FootageSQFT • 12,000

Home Details

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.
Presented By: Eric Eide with RE/MAX MASTERS REALTY; 714-785-2557

Interior Features for 160 Olinda Place

Other Interior Features

Air Conditioning Y/NNo
Basement (Y/N)No
Electric On Property Y/NNo
Fireplace Y/NNo
Heating Y/NNo
Laundry FeaturesNone
Street SuffixPlace
Total Stories1

Other Rooms

Entry Level1

General for 160 Olinda Place

Additional Parcels Y/NNo
Attached Garage No
Building Area UnitsSquareFeet
Business TypeFoodBeverage, MultiTenant, ProfessionalOffice, ProfessionalService, Paints, Restaurant, Retail
Carport Y/NNo
CityBrea
Construction MaterialsFrame, Stucco
CountyOrange
Current FinancingNone
Days on Market112
DirectionsTake Carbon Canyon East From Lambert Road to the Intersection of Olinda Dr & Carbon Canyon Rd.
ElectricStandard
Garage Y/NNo
HOA / Comm AssnNo
Home Warranty Y/NNo
Land Lease Y/NNo
Lease Considered Y/NNo
Lease Renewal Y/NNo
Listing TermsCash, CashtoNewLoan, Conventional, Contract, Item1031Exchange
Lot Size Square Feet160413.0
MLS Area86 - Brea
MobileHomeRemainsYNNo
New ConstructionNo
Number of Units Leased8
Occupancy DescriptionTenant
Open Parking Spaces150.0
Private PoolNo
Property Attached Y/NNo
Property Sub Type AdditionalRetail
Property SubTypeRetail
Property TypeCommercialSale
Rent Control Y/NNo
RoofSpanishTile
Security FeaturesCarbonMonoxideDetectors, SmokeDetectors
Senior Community Y/NNo
Special Listing ConditionsTrust
Standard StatusActiveUnderContract
StatusActiveUnderContract
Street NameOlinda
UtilitiesElectricityConnected, NaturalGasConnected, SewerConnected, WaterConnected
View Y/NNo
Waterfront Y/NNo
Year Built1966
Year Built SourceAssessor

Exterior for 160 Olinda Place

Building Area Total12000.0
Crops Included Y/NNo
FencingChainLink
Horse Y/NNo
Irrigation Water Rights Y/NNo
Lot FeaturesGentleSloping, IrregularLot, LotOver40000Sqft, Paved, ValueInLand
Lot Size Acres3.6826
Lot Size Area160413.0
Lot Size SourceAssessor
Lot Size UnitsSquareFeet
Number of Buildings2
Open Parking Y/NNo
SpaNo
Total Parking150.0
Water SourcePublic

Additional Details

Price History

1527188455

First Team Client Services

Price $4,600,000
MLS#CV23200708
List Date 11/01/2023
Property Type Commercial
Phone 714.964.3311
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