160 Olinda Pl Brea, CA 92823

This retail shopping center presents a remarkable investment opportunity in a highly sought-after Brea location. The property, situated on a spacious 3.68 acre lot, features +/-12,000 square feet of space. The center benefits from excellent visibility and accessibility, making it a cornerstone of the community with a consistent influx of potential customers. The diverse tenant mix includes a wide range of retail, dining, and service businesses. Ample parking is available, with approximately 150 parking spaces. Deferred maintenance offers the buyer an opportunity to renovate and modernize the property, potentially increasing its leasing appeal and rental income through upgrades to the façade, parking lot, landscaping, or common areas. Opportunities for expansion or redevelopment are also available, allowing for additional revenue streams. The existing Neighborhood Commercial (C-N) zone permits a senior living facility with the approval of a conditional use permit (CUP). The City’s development review team would consider the potential project’s compatibility with the site and surrounding neighborhood upon full or preliminary application submittal, with consideration given to proximity to a hospital or medical facility. Rezoning to Single Family (R-1) is the most intensive residential density the City may support, with a maximum density of 6 dwelling units per acre. A zone change would require a general plan amendment and an initial study by environmental consultants to assess the type of environmental review warranted. Buyers are advised to check with the City for all development possibilities.