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    1060 W La Palma Avenue

    Anaheim, CA 92801
    • $2,795,000
    • STATUS: Active
    • ON SITE: 66 days
    • ID#: PW20195001
    UPDATED: 53 min ago
    $2,795,000
    • 0
      BEDS
    • 0.45
      ACRES
    • 0
      BATHS
    • 0
      1/2 BATHS
    • 5,205
      SQFT
    • $537
      $/SQFT
    Type:
    Commercial
    Built:
    1980
    County:

    School Ratings & Info

    Description

    1060-1080 West La Palma Avenue in Anaheim is a Retail Property ideally located adjacent to the Anaheim Regional Medical Center (Hospital & Emergency Center). The investment is a stabilized, tangible asset in great condition; with good quality tenants in place. This is a rare opportunity in Orange County as the existing tenants are ideal in today's ever-changing economic landscape. Both John's Liquor Market & Launderland are seemingly stable during the pandemic. The liquor market's lease is through 2027, and the Laundromat exercised a 5 year option on August 1st. Both leases include 3% rent increase every year.NET LEASES / Very light landlord responsibility: Tax, Insurance, Roof and HVAC paid by landlord and reimbursed accordingly. Located kitty-corner to the Anaheim Regional Hospital and Emergency Center. Medical offices stand on both side of the property as well.*The Seller sends letters twice a year for property taxes and one letter for insurance for reimbursement. Also, the gardener charges the owner $80.00 per month which bill's the tenants biannually December/June. Rent increase letters go out January(1060) and October(1080). 1060 pays 52% and 1080 pays 48% of expenses.

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    Based on information from California Regional Multiple Listing Service, Inc. as of 2020-11-24T12:28:59.09. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is deemed reliable but is not guaranteed accurate by the MLS or The Alvarado Brothers | Ever Stewart Alvarado Broker. Licensed in the State of California, USA.

    www.thealvaradobrothers.com/homes/110136299
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    1060 W La Palma Avenue Anaheim, CA 92801

    • Price: $2,795,000
    • Status: Active
    • Updated: 53 min ago
    • ID#: PW20195001
    0
    Beds
    0
    Baths
    0
    ½ Baths
    0.45
    Acres
    5,205
    SQFT
    $537
    $/SQFT
    1980
    Built
    Neighborhood:
    79 - Anaheim West of Harbor
    County:
    Orange
    Area:
    79 - Anaheim West of Harbor
    Property Description
    1060-1080 West La Palma Avenue in Anaheim is a Retail Property ideally located adjacent to the Anaheim Regional Medical Center (Hospital & Emergency Center). The investment is a stabilized, tangible asset in great condition; with good quality tenants in place. This is a rare opportunity in Orange County as the existing tenants are ideal in today's ever-changing economic landscape. Both John's Liquor Market & Launderland are seemingly stable during the pandemic. The liquor market's lease is through 2027, and the Laundromat exercised a 5 year option on August 1st. Both leases include 3% rent increase every year.NET LEASES / Very light landlord responsibility: Tax, Insurance, Roof and HVAC paid by landlord and reimbursed accordingly. Located kitty-corner to the Anaheim Regional Hospital and Emergency Center. Medical offices stand on both side of the property as well.*The Seller sends letters twice a year for property taxes and one letter for insurance for reimbursement. Also, the gardener charges the owner $80.00 per month which bill's the tenants biannually December/June. Rent increase letters go out January(1060) and October(1080). 1060 pays 52% and 1080 pays 48% of expenses.
    Exterior Features

    Lot Features 2-5 Units/Acre Lot Size Units Square Feet

    Interior Features

    Condo Area Units Square Feet Laundry Features None

    Property Features

    Accounting Type Actual Additional Parcels YN No Building Area Units Square Feet Building Status Existing Cap Rate 4.40 Country Us Gross Scheduled Income 123594.00 Investment Property YN Yes Land Lease YN No Laundry YN No Leasable Area Units Square Feet Max Total Area Units Square Feet Min Total Area Units Square Feet Number Of Units Leased 2 Property Sub Type Retail Special Listing Conditions Standard Water Source Public Year Built Source Public Records

    Listing provided courtesy of Michael Sacks of Coldwell Banker Realty


    Based on information from California Regional Multiple Listing Service, Inc. as of 2020-11-24T12:28:59.09. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is deemed reliable but is not guaranteed accurate by the MLS or The Alvarado Brothers | Ever Stewart Alvarado Broker. Licensed in the State of California, USA.

     
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