Two-Story Flex
New
For Sale
$1,590,000
4887 East La Palma Avenue, Anaheim, CA 92807
Office improvements include private work areas, a conference room, reception, and a kitchenette, alongside warehouse space.
Property Size4,356 SF
Price / SF$365.01
Days on Market3
Property Features for 4887 East La Palma Avenue
General Information
Standard status
Active
Size
4,356 SF
Property subtype
IND, OFC
Zoning
SP2015-1 DA1
Warehouse & Industrial
Warehouse Space
500 SF
Office Build-Out
3,800 SF
Drive-In Doors
1
Power
200 amps
Sprinkler System
Yes
Additional Details
Asking Price
$1,590,000
Highway Access
Yes
Property Use
Creative Industrial
Amenities
conference room
kitchenette
alarm system
Building Details
Building Size
4,356 SF
Year Built
1988
Year Renovated
2014
Stories
2
Units
1
Listing Agency:
Keller Willliams Pacific Estates
Listed By:
Lauren J. Coombs · License #01460830
(310) 439-8052
Source:
Realnex
Added: Oct 29
Changed: Oct 30
Last Checked: Oct 30 at 3:15PM
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 Keller Willliams Pacific Estates
Ask AI about this property
Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
This two-story flex condominium contains approximately 4,356 SF, with a current layout of about 3,800 SF of office area and 500 SF of warehouse. Office features include reception, a conference room, private offices, a kitchenette, and three restrooms. The warehouse has one ground-level loading door measuring 8.5' x 10'. The layout may be changed to provide more warehouse area. Central air conditioning, fire sprinklers, and an alarm system serve the unit. Built in 1988 and renovated in 2014, it is zoned SP2015-1 DA1.
The property is in Anaheim Canyon, with access to the 91, 57, and 55 freeways. Parking is listed at 3.03 spaces per 1,000 SF, and the unit has 200-amp power, subject to buyer verification.
The property is in Anaheim Canyon, with access to the 91, 57, and 55 freeways. Parking is listed at 3.03 spaces per 1,000 SF, and the unit has 200-amp power, subject to buyer verification.
Key Highlights
- Approximately 4,356 SF two‑story flex condominium
- Current configuration includes approximately 3,800 SF of office and 500 SF of warehouse
- One ground‑level loading door, 8.5' x 10'
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$85,171
Cap Rate
5.36%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,703,420
$1.7M
Cap Rate 7%
$1,216,729
$1.2M
Cap Rate 9%
$946,344
$946.3K
Market Conditions
NOI Build-Up for 4,356 SF
Gross rent
$143.7K $33.00/SF
− Vacancy
−$30.2K −$6.93/SF
EGI
$113.6K $26.07/SF
− OpEx
−$28.4K −$6.52/SF
NOI
$85.2K $19.55/SF
Area
Anaheim, CA
Vacancy
21.00%
Lease Rate
$33.00 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,703,420
Cap Rate 7%
$1,216,729
Cap Rate 9%
$946,344
Alternative Uses
Best Use
Office B
$1.22M
$1.06M – $1.42M
NOI $85,171 @ 7.0% cap · market cap 5.36%
Second Best
Warehouse
$977.0K
$854.8K – $1.14M
NOI $68,387 @ 7.0% cap · market cap 4.30%
Theoretical Best
Office A
$1.58M
$1.38M – $1.85M
NOI $110,764 @ 7.0% cap · market cap 6.97%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Current Use
Lease Details
1
Drive-in doors
Yes
Sprinkler system
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
2,197
Businesses Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Demographics for 92807, CA
37,627
Population
12,985
Households
2.9
Avg Household Size
44
Median Age
47%
College-Educated
92%
High-School Grad
11.0 sq mi
ZIP Area
3,421
Density / Sq Mi
$136,089
Median Household Income
$62,020
Median Earnings
$2,959
Median Rent
$918,000
Median Home Value
Market
Vacancy Rate% for Office in West region
Similar Off Market Nearby
- Sally Ann Catering — 801 Lakeview Ave B, Placentia, CA 92870
Frequently Asked Questions
What type of property is this?
Flex space - Office improvements include private work areas, a conference room, reception, and a kitchenette, alongside warehouse space.
Where is this flex space located?
The property is located at 4887 East La Palma Avenue Anaheim, CA.
What is the asking price?
The asking price for this property is $1,590,000.
What are key features of this property?
This property features: Approximately 4,356 SF two‑story flex condominium; Current configuration includes approximately 3,800 SF of office and 500 SF of warehouse; One ground‑level loading door, 8.5' x 10'
