Retail Shopping Center with
160 Olinda Place Brea, CA 92823
160 Olinda Place, Brea, CA, 92823
$2,995,000
For Sale
$2,995,000
SINGLE_FAMILY - Brea, CA
Property Size12,000 SF
Lot Size3.68 Acres
Price / SF$249.58
Days on Market995
Property Features for 160 Olinda Place
General Information
- Property type
- Residential
- Property subtype
- Retail
- Fencing
- Chain Link
- Standard status
- Active
- APN
- 31505204
- Lot size
- 3.68 Acres
Building Details
- Year built
- 1966
Listing agency
RE/MAX MASTERS REALTY
(909) 364-8380
Listed by
Eric Eide · License #01207980
(714) 785-2557
Added: Nov 1, 2023 Updated: Jul 6 at 3:44PM Checked: Jul 22 at 7:06AM
MLS# CV23200708
Copyright © 2026 California Regional Multiple Listing Service, Inc. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
This retail shopping center totals approximately +/-12,000 square feet on a 3.68-acre site and is improved with a mix of retail, dining, and service businesses. The property includes approximately 150 parking spaces to support customer and tenant access. The offering notes deferred maintenance, creating an opportunity for a buyer to renovate and modernize building and common areas, including items such as the facade, parking lot, landscaping, or other exterior and shared improvements.
The center is described as being located in a high-traffic area with excellent visibility and accessibility. The current zoning is Neighborhood Commercial (C-N), and the remarks indicate that a senior living facility is permitted with approval of a conditional use permit (CUP). The development review process would involve City review for site and compatibility, and buyers are advised to confirm all development possibilities with the City.
For tenants, operators, or investors evaluating positioning and hold-versus-improvement strategies, the property’s existing retail use and parking supply may support continued neighborhood retail needs while renovations address the noted deferred maintenance. For buyers considering a different end use, the remarks discuss potential rezoning toward a Single Family (R-1) designation, which is described as the most intensive residential density the City may support, with a stated maximum of 6 dwelling units per acre in R-1. A rezone would require a general plan amendment and would also require an initial study to determine what environmental review is warranted, subject to City requirements.
The center is described as being located in a high-traffic area with excellent visibility and accessibility. The current zoning is Neighborhood Commercial (C-N), and the remarks indicate that a senior living facility is permitted with approval of a conditional use permit (CUP). The development review process would involve City review for site and compatibility, and buyers are advised to confirm all development possibilities with the City.
For tenants, operators, or investors evaluating positioning and hold-versus-improvement strategies, the property’s existing retail use and parking supply may support continued neighborhood retail needs while renovations address the noted deferred maintenance. For buyers considering a different end use, the remarks discuss potential rezoning toward a Single Family (R-1) designation, which is described as the most intensive residential density the City may support, with a stated maximum of 6 dwelling units per acre in R-1. A rezone would require a general plan amendment and would also require an initial study to determine what environmental review is warranted, subject to City requirements.
Key Highlights
- Retail shopping center with +/-12,000 SF total on a 3.68‑acre lot
- Approximately 150 parking spaces for customer and tenant convenience
- Built in 1966; chain link fencing on the property
Local Financial Insights For Retail
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $403.2k | $33.60 |
| − Vacancy | −$13.7k | −$1.14 |
| EGI | $389.5k | $32.46 |
| − OpEx | −$116.8k | −$9.74 |
| NOI | $272.6k | $22.72 |
12,000 SF · lease $33.60/SF/yr · vacancy 3.40% · expense 30.00%
Alternative Uses
Best Use
Retail
$3.89M
$3.41M – $4.54M
NOI $272,644 @ 7.0% cap · market cap 9.10%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$4.03M
$3.53M – $4.70M
NOI $282,139 @ 7.0% cap · market cap 9.42%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Pedal Barn Bike ...
(Bike/Boat/Book/etc) Store
Similar For Sale Nearby
Similar Off Market Nearby
- Olinda Village Retail Center — 120 Olinda Pl, Brea, CA 92823
FAQs
What type of property is this?
Shopping center - Shopping center with approximately 150 parking spaces and deferred maintenance, offering a redevelopment-minded buyer leasing and zoning options.
Where is this shopping center located?
The property is located at 160 Olinda Place Brea, CA.
What is the asking price?
The asking price for this property is $2,995,000.
What are key features of this property?
This property features: Retail shopping center with +/-12,000 SF total on a 3.68‑acre lot; Approximately 150 parking spaces for customer and tenant convenience; Built in 1966; chain link fencing on the property
