1761 W La Palma Avenue
Anaheim, CA 92801
MLS #PW17003095

Commercial
  • 6,600sq ft
$2,630,000
Est. P&I payment: $10044.82/mo
1761 W La Palma Avenue, Anaheim, CA 92801
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Description for 1761 W La Palma Avenue, Anaheim, CA 92801
Great location in the heart of Orange County “City of Anaheim”. Property is located between the 91 and 5 FWY’s and sits on one of the busiest arteries with high traffic volume. Population of 200,000 people within 3 miles of the location. The property consists of 6.600 square feet of store front retail space divided within 5 units on a 16,117 square foot lot. The newer asphalt pavement with 20 painted parking spaces is compliant with ADA regulations. Property has separate electric and gas meters for each unit and one master water meter. The tenants have been long term tenants, 9 to 15 years, and are currently on modified gross leases. The leases are below market and have a yearly average rent escalation of 3.60% with options to extend the lease at the end of their term in 2018’ to 2021’. The tenants consist of an Insurance agency, Bakery store, Liquor store, and a Western Wear store. The property requires low maintenance! Please do not disturb tenant.
MLS #PW17003095
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My Notes for MLS #PW17003095

General Features

  • Building Name: La Palma Groceries
  • Building Status: Existing
  • Condo Area Units: Square Feet
  • Entry Level: 1
  • Land Use: Retail
  • Max Total Area Units: Square Feet
  • Min Total Area Units: Square Feet
  • Number Of Buildings: 1
  • Number Of Units Leased: 4
  • Number Of Units Total: 5
  • Property SubType: Retail
  • Property Type: Commercial Sale
  • Year Built: 1957
  • Year Built Source: Assessor

Exterior Features

  • Construction Materials: Drywall Walls,​Stucco
  • Fence YN: 1
  • Parking Ratio: 4
  • Parking Total: 20
  • Roof: Flat
  • Sign On Property YN: 1
  • Signage: Sign Freestanding
  • Stories Total: 1
  • Topography: Flat
  • Uncovered Spaces: 20

Interior Features

  • Retail SqFt: 6,600
  • Total Building NRA: 6,600

Utility Features

  • Electric: Electricity - On Property,​Standard
  • Heating YN: 1
  • Heating: Forced Air
  • Cooling YN: 1
  • Laundry Features: None
  • Utilities: Natural Gas Available,​Phone Connected,​Water Connected
  • Water Source: Public

Financial Features

  • Accounting Type: Actual
  • AssetClass: Retail
  • CapRate: 4.75
  • Effective Gross: 142,920
  • Expense Year: 2017
  • Gross Scheduled Income: 142,920
  • Insurance Expense: 1,644
  • Investment Property YN: 1
  • Maintenance Expense: 1,563
  • Net Operating Income: 124,900
  • Operating Expense: 18,020
  • Other Expense: 2,400
  • Price Per SqFt: 398.48
  • Real Estate Tax Expense: 9,106
  • Tax Annual Amount: 9,106
  • Tax Rate: 1.12
  • Tax Year: 2015
  • Total Expenses: 18,020
  • Total Monthly Rent: 11,490
  • Water Sewer Expense: 3,306

Miscellaneous Features

  • Building Area Total: 6,600
  • Building Area Units: Square Feet
  • Days On Market: 167
  • Lot Size Source: Assessor
  • Special Listing Conditions: Standard

Location

 
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Directions to 1761 W La Palma Avenue, Anaheim, CA 92801
West of Euclid, East of Brookhurst, South of 91 Fwy Cross Streets: Euclid and La Palma
Listing information for 1761 W La Palma Avenue, Anaheim, CA 92801 was graciously provided by our friends at the listing brokerage, Keller Williams Pacific Estate and by listing agent Byrne Marvin DRE# 01430606

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Please Note: All information in this site is deemed reliable but not guaranteed. The property information provided on EXIT Alliance Realty's websites is for personal, non-commercial use only and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Property information is gathered from third-party resources including the seller and public records. EXIT Alliance Realty, Onjax, LLC, its affiliates, owners, subsidiaries and subscribers disclaim any and all representations or warranties as to the accuracy or reliability of the information provided. You should verify all claims through personal inspection and/or contact with the appropriate real estate professionals.
Last Updated 12/18/2017 at 4:47am
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