Two Cerritos Office Buildings For
For Sale
$11,250,000
18331-18327 Gridley Rd., Cerritos, CA 90807
Two-story office buildings near Cerritos Mall with redevelopment potential.
Property Size21,706 SF
Price / SF$408.79
Days on Market331
Property Features for 18331-18327 Gridley Rd.
General Information
Standard status
Active
Size
21,706 SF
Total Parking Spaces
110
Property subtype
Office
Building Details
Building Size
21,706 SF
Year Built
1981
Stories
2
Listing Agency:
Coldwell Banker Commercial BLAIR
Listed By:
Sheva Hosseinzadeh · License #01922147
(562) 400-5949
Source:
Cbcworldwide
Added: Dec 3, 2025
Changed: Oct 26
Last Checked: Oct 30 at 10:29AM
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 Coldwell Banker Commercial BLAIR
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Investment Insights
Based on property information with market context.
Two two-story office buildings located at 18327 and 18331 Gridley Rd in Cerritos, CA, are available for sale for the first time since 1998. The properties include 14 units totaling approximately 27,520 square feet of improvements (inclusive of the exterior walkways), situated on approximately 75,102 square feet of land. The large on-site parking lot provides ample parking for businesses. All tenants are on month-to-month or short-term leases, making the property attractive for an owner/user, an investor looking for upside potential, or a developer interested in developing close to an acre and a half of land. The properties are located between Los Angeles and Orange County, directly adjacent to the Los Cerritos Center, commonly known as the Cerritos Mall. This 100-acre shopping mall includes high-end stores and dining establishments. The property also benefits from its proximity to the Cerritos Auto Square.
Key Highlights
- Prime location adjacent to the Los Cerritos Center (Cerritos Mall) with high‑end retail and dining.
- Significant upside potential due to month‑to‑month or short‑term tenant leases.
- Large 75,102 SF lot size offering potential for redevelopment.
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$601,565
Cap Rate
5.35%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$12,031,300
$12.0M
Cap Rate 7%
$8,593,786
$8.6M
Cap Rate 9%
$6,684,056
$6.7M
Market Conditions
NOI Build-Up for 27,520 SF
Gross rent
$1.06M $38.40/SF
− Vacancy
−$254.7K −$9.25/SF
EGI
$802.1K $29.15/SF
− OpEx
−$200.5K −$7.29/SF
NOI
$601.6K $21.86/SF
Area
Los Angeles County, CA
Vacancy
24.10%
Lease Rate
$38.40 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$12,031,300
Cap Rate 7%
$8,593,786
Cap Rate 9%
$6,684,056
Alternative Uses
Best Use
Office B
$8.59M
$7.52M – $10.03M
NOI $601,565 @ 7.0% cap · market cap 5.35%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$14.73M
$12.89M – $17.19M
NOI $1,031,387 @ 7.0% cap · market cap 9.17%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Who owns this building?
See the owner, sales and loan history
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Current Use
Location Intelligence
Trade Area within ½ mile
3,313
Businesses Nearby
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Business Placement
Demographics for 90807, CA
32,412
Population
13,345
Households
2.4
Avg Household Size
41
Median Age
45%
College-Educated
90%
High-School Grad
4.4 sq mi
ZIP Area
7,366
Density / Sq Mi
$95,079
Median Household Income
$56,392
Median Earnings
$1,892
Median Rent
$832,200
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Office in West region
Frequently Asked Questions
What type of property is this?
Office building - Two-story office buildings near Cerritos Mall with redevelopment potential.
Where is this office building located?
The property is located at 18331-18327 Gridley Rd. Cerritos, CA.
What is the asking price?
The asking price for this property is $11,250,000.
What are key features of this property?
This property features: Prime location adjacent to the Los Cerritos Center (Cerritos Mall) with high‑end retail and dining.; Significant upside potential due to month‑to‑month or short‑term tenant leases.; Large 75,102 SF lot size offering potential for redevelopment.
