19115 Colima RdRowland Heights, CA 91748

Property Details for 19115 Colima Rd

Year built

1975

Lot size

0.53 AC

Property size (Sq ft)

13,425 SF

Zone code

LCC2*

Property type

Retail properties

Property subtype

Retail space

APN

8761-015-010

APU

8761015010

Description

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.

• CAP approach

  CAP return

  Valuation

  6%

  $5,562,662

  6.5%

  $5,134,765

  7%

  $4,767,996

• Comparable approach

  Method

  Valuation

  Relative Method

  $6,468,595

  Geo Method

  $6,569,642

• Alternative Use

  Use

  Valuation

  Residential

  $4,331,366

  Hospitality

  $3,967,508

  Educational

  $3,300,920

  Medical

  $3,414,444

  Retail

  $5,134,765

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

Property Tax & Assessments

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