19112 Gridley Rd Cerritos, CA 90703-6613
Property profile & analytics
19112 Gridley Rd Cerritos, CA 90703-6613
- Office buildings
- 14,442 SF
- 0.97 lot acres
Property ID
US09-6412766
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
- Office buildings
Property Details for 19112 Gridley Rd
- Year built
- 2013
- Construction
- TILT-UP CONCRETE
- Lot size
- 0.97 lot acres
- Property size
- 14,442 SF
- Zone code
- CECR
- Property type
- Office buildings
- APN
- 7039-021-037
- APU
- 7039021037
Description
This exceptional investment opportunity presents a 14,720 square foot modern office building situated on a nearly one-acre lot in Cerritos, CA's vibrant commercial district. Completed in 2014, the property enjoys a highly desirable location, within walking distance of the Los Cerritos Shopping Center, Starbucks, Target, and numerous other popular retail establishments. Its convenient plaza location also offers immediate proximity to 85В°C Bakery CafГ©, Gen Korean BBQ, Jollibee, and a variety of other restaurants and shops, ensuring high foot traffic and visibility. The building features ample parking and provides 24-hour access for maximum tenant and client convenience. Low management and maintenance costs have contributed to consistently high occupancy rates since its completion, resulting in a strong return on investment exceeding 7.5%. Approximately 3,500 square feet on the ground floor is currently utilized by the seller, offering immediate use for a new buyer or the possibility of a lease-back arrangement post-closing. This presents a rare chance to acquire a thriving commercial property with significant potential for growth and income generation in a prime Cerritos location. The property's strong performance history and strategic location make it an attractive investment for discerning buyers seeking a stable and profitable asset.
Value Estimations
based on Realmo’s proprietary methodology
-
CAP approach
- CAP Return
- Estimation
- 6%
- $5,610,000
- 6.5%
- $5,180,000
- 7%
- $4,810,000
-
Comparable approach
- Method
- Estimation
- Statistic Estimate
- $5,356,000
Market price range: $3.46M - $10.7M -
Alternative Use
- Use
- Estimation
- OFFICE BUILDING
- $6,480,000 Current use
- RESTAURANT
- $9,405,000 Change: +45% Conversion: Moderate
- NEIGHBORHOOD: SHOPPING CENTER
- $8,790,000 Change: +36% Conversion: Difficult
- AUTO REPAIR, GARAGE
- $6,680,000 Change: +3% Conversion: Difficult
- MEDICAL BUILDING
- $6,565,000 Change: +1% Conversion: Easy
- RETAIL STORES
- $5,535,000 Change: -15% Conversion: Moderate
Get a detailed, property-specific estimation — fast and free
Location Insight
- Map
- Local Demand
- City
- Cerritos
- County
- Los Angeles
- State
- California
- Longitude
- -118.09
- Latitude
- 33.857
- 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
$55,512
$1,871,520
$2,556,619
$4,428,139
-
$0.00
$0.00
$0.00
