This exceptional investment opportunity presents a +/- 1,750 square foot commercial condo unit located at 19115 Colima Road #B06 in Rowland Heights, California, zip code 91748, within Los Angeles County. Currently undergoing an entitlement process for conversion to Medical Condos with separate Assessor's Parcel Numbers (APNs), this property is ideally suited for medical office use. The asking price is $966,000. Situated in the highly desirable Rowland Heights Medical Plaza, this unit boasts a prime location and infrastructure specifically designed for medical practices. The property is classified as both Office and Land, offering significant potential for customization and development. This is a blank canvas ready for your vision, allowing you to create the perfect medical office space. Don't miss this chance to own a piece of this thriving medical community. The property's location offers excellent accessibility and visibility, making it an attractive proposition for any medical professional seeking to establish or expand their practice. The current entitlement process ensures a streamlined path to ownership and immediate occupancy upon completion. This is a rare opportunity to acquire a well-located, versatile commercial condo in a high-demand area.
Valuation by Paperhouses methods
Valuation date:
Dec 11, 2024
CAP approach
CAP return
Valuation
6%
$4,255,120
6.5%
$3,927,810
7%
$3,647,250
Comparable approach
Method
Valuation
Relative Method
$2,669,580
Geo Method
$2,711,280
Alternative Use
Use
Valuation
Industrial / Distribution
$7,576,660
Mixed-Use / Specialty
$3,947,320
Hospitality / Lodging
$2,939,660
Office
$3,958,780
Institutional / Educational
$4,115,600
Residential Income
$4,815,250
Multifamily
$5,589,350
Automotive / Energy
$3,527,660
Parking / Income-Based Land
$1,184,240
Restaurant / Food Service
$2,124,560
Healthcare / Senior Housing
$4,013,530
Location Insight
City
La Puente
County
Los Angeles
State
California
Latitude
33.9878
Longitude
-117.886
CBSA code
31080
CBSA name
LOS ANGELES-LONG BEACH-ANAHEIM, CA METROPOLITAN STATISTICAL AREA
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Colima Rd Rowland Heights, CA 91748
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Colima Rd Rowland Heights, CA 91748
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Disclaimer
The property value estimates provided on this website are automated calculations based on publicly available data, user-submitted information, and proprietary algorithms. These estimates are not appraisals and should not be used as a substitute for a professional valuation by a licensed appraiser.
We do not guarantee the accuracy, reliability, or completeness of these estimates, as market conditions, property features, and other factors may affect actual property values. Users should conduct their own due diligence and consult with a real estate professional before making financial or investment decisions.
By using this service, you acknowledge and accept that all estimates are provided for informational purposes only and that this website assumes no liability for any reliance on the provided valuations.
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