18331 Gridley RdCerritos, CA 90703

This exceptional investment opportunity presents a two-story, multi-tenant office complex ideally situated in Cerritos, California. Boasting 21,706 square feet of leasable space across 11 units, this Class B property sits on a substantial 75,102 square foot lot and offers 110 parking spaces. Built in 1981, the property is zoned CR and features a diverse tenant base with primarily month-to-month or short-term leases, presenting significant upside potential for an owner-user, investor, or developer. The property's prime location directly adjacent to the Los Cerritos Center (Cerritos Mall), a major shopping destination, and minutes from the Cerritos Auto Square, ensures high visibility and accessibility. Convenient freeway access via the 5, 605, and 91 freeways further enhances its appeal. The asking price is $11,250,000, translating to $518.29 per square foot. This is a rare opportunity, as the property hasn't been on the market since 1998. The property's location offers unparalleled access to a thriving retail and commercial environment, making it an attractive proposition for a wide range of potential buyers. The substantial lot size also presents exciting possibilities for future development. The existing building provides immediate income generation, while the land offers long-term growth potential. This is a truly unique opportunity to acquire a well-located, income-producing asset with significant upside potential. The property's APN is 7038-014-002.