1530 Whittier Blvd La Habra, CA 90631-3673
- Showrooms
- 11,848 SF
- 0.72 lot acres
Aug 27, 2024
Current Use by Public Records
- Acrisure La Habra, CA (The Summer Group Insurance Agency) / Insurance Agency
- Ashland Educational Services / Training Center
- Pacific Mercantile Bank / Bank / Loan Service
- Nova Portable Toilet Rentals / Building Supply
- Laurel Insurance Agency - Mercury Authorized Agent / Insurance Agency
Property Details for 1530 Whittier Blvd
- Year built
- 1976
- Lot size
- 0.72 lot acres
- Property size
- 11,848 SF
- Property type
- Showrooms
- APN
- 018-031-28
- APU
- 1803128
Description
This exceptional 12,000 square foot retail and mixed-use property, situated on a 31,491 square foot lot in La Habra, California (90631), presents a compelling investment opportunity. Located at 1530 W Whittier Blvd, this free-standing, two-tenant building boasts a desirable 5.00% cap rate and an asking price of $4,175,000. One tenant, a long-established insurance agency operating since 1940, occupies Suite A, providing stable income. Bank of California's vacancy in May 2023 presents a perfect owner-user opportunity or the potential to secure a new high-quality tenant. The property is well-maintained and easy to manage, featuring abundant street frontage on a high-traffic location. Its strategic position benefits from proximity to numerous national and regional tenants, including Northgate Market, CVS Drugs, Chase Bank, AutoZone, Starbucks, In-N-Out Burger, Albertsons, Rite Aid, Big 5 Sporting Goods, Sherwin-Williams, and others. The property includes 24 parking spaces and a large, free-standing pylon sign for excellent visibility. This is a rare chance to acquire a well-positioned retail asset with significant upside potential in a thriving Orange County market.
Value Estimations
-
CAP approach
- CAP Return
- Estimation
- 6%
- $3,330,000
- 6.5%
- $3,075,000
- 7%
- $2,855,000
-
Comparable approach
- Method
- Estimation
- Statistic Estimate
- $2,289,000
Market price range: $2.29M - $6.82M -
Alternative Use
- Use
- Estimation
- COMMERCIAL (GENERAL)
- $3,770,000 Current use
- NEIGHBORHOOD: SHOPPING CENTER
- $5,560,000 Change: +47% Conversion: Difficult
- RETAIL STORES
- $5,435,000 Change: +44% Conversion: Easy
- AUTO REPAIR, GARAGE
- $5,285,000 Change: +40% Conversion: Difficult
- OFFICE BUILDING
- $5,085,000 Change: +35% Conversion: Easy
- INDUSTRIAL (GENERAL)
- $3,915,000 Change: +4% Conversion: Moderate
- WAREHOUSE, STORAGE
- $3,135,000 Change: -17% Conversion: Difficult
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Location Insight
- Map
- Local Demand
- City
- La Habra
- County
- Orange
- State
- California
- Longitude
- -117.963
- Latitude
- 33.9391
- CBSA code
- 31080
- CBSA name
- LOS ANGELES-LONG BEACH-ANAHEIM, CA METROPOLITAN STATISTICAL AREA