160 Olinda Pl Brea, CA 92823

This retail shopping center, situated in a sought-after location, presents an investment opportunity. The property is located in a high-traffic area with visibility and accessibility. The shopping center has +/-12,000 square feet of space on a 3.68 acre lot. The tenant mix includes retail, dining, and service businesses. There are approximately 150 parking spaces. Deferred maintenance offers the opportunity to renovate and modernize the property, potentially increasing its leasing appeal and rental income. This could involve upgrading the façade, parking lot, enhancing landscaping, or improving 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. At a minimum, this type of project application would require the preparation of an initial study by one of our environmental consultants to assess what type of environmental review is warranted. Buyers are advised to check with the City for all development possibilities!