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    18331 Gridley Rd Cerritos, CA 90703

    Sponsored
    For Sale
    $11,250,000

    Multi-tenant office building, high-growth area.

    Property size:
    21,706 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    392
    This exceptional investment opportunity presents a two-story, multi-tenant office complex ideally situated in Cerritos, California. Boasting 21,706 square feet of leasable space across 11 units, this Class B property sits on a substantial 75,102 square foot lot and offers 110 parking spaces. Built in 1981, the property is zoned CR and features a diverse tenant base with primarily month-to-month or short-term leases, presenting significant upside potential for an owner-user, investor, or developer. The property's prime location directly adjacent to the Los Cerritos Center (Cerritos Mall), a major shopping destination, and minutes from the Cerritos Auto Square, ensures high visibility and accessibility. Convenient freeway access via the 5, 605, and 91 freeways further enhances its appeal. The asking price is $11,250,000, translating to $518.29 per square foot. This is a rare opportunity, as the property hasn't been on the market since 1998. The property's location offers unparalleled access to a thriving retail and commercial environment, making it an attractive proposition for a wide range of potential buyers. The substantial lot size also presents exciting possibilities for future development. The existing building provides immediate income generation, while the land offers long-term growth potential. This is a truly unique opportunity to acquire a well-located, income-producing asset with significant upside potential. The property's APN is 7038-014-002.

    Property Features for 18331 Gridley Rd

    General Information

    Property type
    Office Properties & Spaces
    Square Feet
    21,706 SF
    Class
    B

    Building Details

    Year Built
    1981

    HighLights

    • Great owner‑user, investor, or development opportunity.
    • Diverse mix of medical and service‑based tenants.
    • Centrally located in Cerritos, CA.
    • Excellent freeway access (5, 605, and 91 freeways).
    • Adjacent to Cerritos Mall.
    • 110 on‑site parking spaces.
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Suggested Use

    Realty agency Law Firm Restaurant Spa & Massage Dental Office Hair Salon Nail Salon Building Supply Auto Repair Shop Gym & Fitness

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Cerritos
    County
    Los Angeles
    State
    California
    Longitude
    -118.0922872
    Latitude
    33.864987

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      Great Owner User, Investor, or Development Opportunity!

      Great Owner User, Investor, or Development Opportunity!
      18331-18327 Gridley Rd., Cerritos, CA 90807
      View Details

    FAQs

    What type of property is this?
    Office Property / Space - Multi-tenant office building, high-growth area.
    Where is this office property / space located?
    The property is located at 18331 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: Great owner-user, investor, or development opportunity.; Diverse mix of medical and service-based tenants.; Centrally located in Cerritos, CA.
    (562) 495-6070
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    18331 Gridley Rd Cerritos, CA 90703
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