333 Cerritos Ave Anaheim, CA 92805
- Commercial real estate
- 1.13 lot acres
Current Use by Public Records
- Commercial real estate
Property Details for 333 Cerritos Ave
- Year built
- 1962
- Lot size
- 1.13 lot acres
- Property type
- Commercial real estate
- APN
- 082-130-31
- APU
- 8213031
Description
This exceptional 20,600-square-foot single-tenant retail and office space presents a unique investment opportunity in the burgeoning Warner Center. Completely renovated in 2023, this property offers a blank canvas for a discerning tenant seeking a high-visibility location. Situated on a 0.91-acre lot, the building is a single-story structure built in 1978 and benefits from the LAWC zoning designation. Its prime location within the Warner Center 2035 Plan's Downtown District ensures significant exposure and future growth potential. The property enjoys unparalleled access to amenities, including the Westfield Village shopping center. Furthermore, its proximity to the upcoming Los Angeles Rams mixed-use development, featuring new practice facilities, promises increased foot traffic and enhanced visibility. This is an exceptional chance to establish a presence in a rapidly evolving and highly desirable area of Los Angeles County. The entire 20,600 square feet is currently vacant, providing immediate occupancy for a new tenant. This property is ideally suited for a variety of uses, given its size and location within a thriving commercial district. The recent renovation ensures modern, efficient space ready for immediate use. Don't miss this opportunity to secure a prominent position in the heart of Warner Center's exciting future.
Value Estimation
-
AI approach
- CAP return
- Estimation
- Estimation
- $3,250,000
-
CAP approach
- CAP return
- Estimation
- 6%
- $3,670,000
- 6.5%
- $3,785,000
- 7%
- $3,455,000
-
Comparable approach
- Method
- Estimation
- Relative Method
- $3,475,000
- Geo Method
- $3,200,000
-
Alternative Use
- Use
- Estimation
- Distribution
- $3,960,000
- Retail
- $2,960,000
- Mixed-Use
- $3,840,000
- Hospitality
- $3,345,000
- Educational
- $3,430,000
- Residential Income
- $3,755,000
- Energy
- $3,035,000
- Income-Based Land
- $3,105,000
- Food Service
- $3,005,000
Location Insight
- Map
- Local Demand
- City
- Anaheim
- County
- Orange
- State
- California
- Longitude
- -117.903
- Latitude
- 33.812
- CBSA code
- 31080
- CBSA name
- LOS ANGELES-LONG BEACH-ANAHEIM, CA METROPOLITAN STATISTICAL AREA
