Two-Story Multi-Tenant Medical
1150 E Orangethorpe Ave Placentia, CA 92870
For Sale
$5,850,000
Renovated two-story multi-tenant office building with high-efficiency HVAC, upgraded elevator, silicone roof, and covered parking.
Property Size16,761 SF
Lot Size0.90 Acres
Price / SF$349.02
Days on Market505
Property Features for 1150 E Orangethorpe Ave
General Information
- Standard status
- Active
- Size
- 16,761 SF
- Lot size
- 0.90 Acres
Listing Agency:
Economos Dewolf, Inc.
(949) 576-2751
Listed By:
Geoffrey Dewolf · License #01319312
(949) 576-2751
Source:
Exprealty
Added: Mar 6, 2025
Changed: Jul 23
Last Checked: Jul 23 at 2:05PM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Economos Dewolf, Inc.
Investment Insights
Based on property information with market context.
This two-story, multi-tenant office building offers extensive recent renovations completed in 2018, including high-class finishes throughout. Building improvements include a new silicone roof, an upgraded elevator, and high-efficiency HVAC units, supporting a turn-key look for professional tenants. The property also features expansive covered parking exclusively for the building.
For sale in Placentia, the building is positioned for medical conversion given the C-O zoning. Ownership flexibility is available, with the ability for a buyer to occupy a portion of the building in the near term and the entire building by 8/31/2026. Restaurants and amenities are noted in the immediate vicinity.
With its renovation timeline, dedicated parking, and zoning alignment for medical conversion, the property is designed to accommodate office and medical-use conversion requirements for an owner-occupant or tenant-led strategy.
For sale in Placentia, the building is positioned for medical conversion given the C-O zoning. Ownership flexibility is available, with the ability for a buyer to occupy a portion of the building in the near term and the entire building by 8/31/2026. Restaurants and amenities are noted in the immediate vicinity.
With its renovation timeline, dedicated parking, and zoning alignment for medical conversion, the property is designed to accommodate office and medical-use conversion requirements for an owner-occupant or tenant-led strategy.
Key Highlights
- Renovated two‑story, 16,761‑SF multi‑tenant office building on 0.90 acres (no association)
- 2018 renovations with high‑class finishes, including new silicone roof, upgraded elevator, and high‑efficiency HVAC units
- C‑O zoning allows medical conversion (per provided remarks)
Financial Insights For Office B
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 | $500.8k | $29.88 |
| − Vacancy | −$61.4k | −$3.66 |
| EGI | $439.5k | $26.22 |
| − OpEx | −$109.9k | −$6.55 |
| NOI | $329.6k | $19.66 |
16,761 SF · lease $29.88/SF/yr · vacancy 12.25% · expense 25.00%
Alternative Uses
Best Use
Office B
$4.71M
$4.12M – $5.49M
NOI $329,601 @ 7.0% cap · market cap 5.63%
Second Best
Healthcare Medical
$4.56M
$3.99M – $5.32M
NOI $319,323 @ 7.0% cap · market cap 5.46%
Theoretical Best
Office A
$5.63M
$4.93M – $6.57M
NOI $394,078 @ 7.0% cap · market cap 6.74%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Access Lending Solutions ...
Loan Service
Camarena & Plese
Law Firm
Coy Porta Potty ...
Waste Management Facility
Behnam George
Architect
Polly's Pies Corporate ...
Corporate Office
FAQs
What type of property is this?
Office building - Renovated two-story multi-tenant office building with high-efficiency HVAC, upgraded elevator, silicone roof, and covered parking.
Where is this office building located?
The property is located at 1150 E Orangethorpe Ave Placentia, CA.
What is the asking price?
The asking price for this property is $5,850,000.
What are key features of this property?
This property features: Renovated two‑story, 16,761‑SF multi‑tenant office building on 0.90 acres (no association); 2018 renovations with high‑class finishes, including new silicone roof, upgraded elevator, and high‑efficiency HVAC units; C‑O zoning allows medical conversion (per provided remarks)
