15831 Imperial Hwy La Mirada, CA 90638-2513
Property profile & analytics
15831 Imperial Hwy, La Mirada, CA 90638-2513
- Community centers
- 9,555 SF
- 1.38 lot acres
Property ID
US09-8256630
The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.
Location Intelligence
Current Use by Public Records
- Tom Gate Solutions / Accounting Firm
- Tom's Tailgate / Restaurant
Property Details for 15831 Imperial Hwy
- Year built
- 1961
- Construction
- WOOD
- Lot size
- 1.38 lot acres
- Zone code
- LMC4*
- Property type
- Community centers
- Property subtype
- Shopping centers
- APN
- 8035-018-027
- APU
- 8035018027
Description
This exceptional value-add opportunity presents a 9,547 square foot, multi-tenant shopping center in La Mirada, CA. Located at 15831 Imperial Hwy, this 100% occupied property boasts seven tenants, generating a current NOI of $150,360 and a projected NOI of $195,156, representing a 5.17% cap rate and a pro-forma cap rate of 6.71%. The property sits on a 1.38-acre lot (60,255 sq ft) in the heart of La Mirada Towne Center, shadow-anchored by Savers, and benefits from a high-traffic location at the signalized intersection of Imperial Highway and Santa Gertrudes Ave, with over 55,514 cars passing daily. Built in 1961, this single-story building features efficiently sized suites ideal for high occupancy and low tenant improvement costs. The strong tenant mix caters to the daily needs of the affluent surrounding community, with an average household income exceeding $137,442 within a three-mile radius, encompassing 193,000 residents. Current rents are significantly below market, offering substantial upside potential for increased cash flow. The property's net lease structure includes rent increases for all tenants. This presents a perfect opportunity for a 1031 exchange and potential future development, given the oversized lot and location within the Imperial Highway Specific Plan. The asking price is $2,910,000 ($304.81/sq ft).
Value Estimations
based on Realmo’s proprietary methodology
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AI approach
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CAP approach
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Comparable approach
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Alternative Use
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Location Insight
- Map
- Local Demand
- City
- La Mirada
- County
- Los Angeles
- State
- California
- Longitude
- -117.993
- Latitude
- 33.918
- CBSA code
- 31080
- CBSA name
- LOS ANGELES-LONG BEACH-ANAHEIM, CA METROPOLITAN STATISTICAL AREA
Property Tax & Assessments
Tax date
Tax Amount
Assessed Land Value
Assessed Improvement Value
Total Assessed Value
Applied Tax Rate
Land Market Value
Improvement Market Value
Total Market Value
2024
$17,731
$488,610
$465,588
$954,198
-
$0.00
$0.00
$0.00
