201 Lakeview Ave 4, Placentia, CA 92870-6710

This two-story, 23,500 square foot office building in Placentia, CA presents a compelling investment or owner-user opportunity. Located on a 1.17-acre lot at 201 Lakeview Ave, 92870, this Class C property boasts 20 units with 82.32% occupancy. Currently generating a NOI of $118,696, a pro-forma NOI of $521,308 is projected, reflecting significant rental upside potential. Built in 1979, the building features ground-floor retail visibility and ample parking (77 spaces per 1,000 sq ft). The current asking price is $5,750,000 ($244.68/sq ft), representing the lowest price per square foot within a five-mile radius. All tenants are on month-to-month leases, offering immediate flexibility for rent increases and owner-user occupancy. The property benefits from convenient access to major freeways (91, 55, and 57) and is zoned C-1. SBA financing is available with a 10% down payment, resulting in a projected NNN mortgage payment of approximately $1.37 per square foot. This presents a rare opportunity for investors to acquire a highly desirable asset with substantial upside potential, or for an owner-user to leverage SBA financing for significant cost savings. The current below-market rents average $0.78 per square foot, offering a potential 237% upside with improvements. This fee-simple property offers a compelling combination of location, value, and potential for significant return on investment.