160 Olinda Pl Brea, CA 92823

This retail shopping center presents a remarkable investment opportunity in a highly sought-after location. The property is strategically located in a high-traffic area with excellent visibility and accessibility, serving as a cornerstone of the community with a consistent influx of potential customers. The shopping center features approximately 12,000 square feet of space on a 3.68-acre lot. Its 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 an opportunity for renovation and modernization, potentially increasing leasing appeal and rental income through upgrades to the façade, parking lot, landscaping, or common areas. Opportunities for expansion or redevelopment are available, allowing for additional revenue streams. Within the existing Neighborhood Commercial (C-N) zone, a senior living facility is permitted with the approval of a conditional use permit (CUP). A rezone to Single Family (R-1) is the most intensive residential density the City may be supportive of. Currently, the maximum density in the R-1 zone is 6 dwelling units per acre. A zone change would also require a general plan amendment, which is a legislative request that requires city council approval.