1661 Hanover RdCity of Industry, CA 91748

Property Details for 1661 Hanover Rd

Year built

1978

Construction

WOOD

Lot size

2.29 AC

Property size (Sq ft)

35,010 SF

Zone code

IDC*

Property type

Office properties

Property subtype

Office buildings

APN

8265-062-027

APU

8265062027

Description

This exceptional commercial property, located at 1661 Hanover Road, Units 211/215, City of Industry, CA 91748, offers a versatile 3,546 square foot space ideal for a variety of businesses. Situated in Los Angeles County, this office and land property presents a unique opportunity. The interior boasts an inviting reception area and ample main floor space, including several private offices, creating a functional and professional environment. The property's convenient location provides easy access to a variety of amenities and businesses, including the nearby Puente Hills Mall, Costco, Marie Calender's Restaurant, and Applebee's Grill and Bar. This prime location offers excellent visibility and accessibility, making it an attractive option for businesses seeking a prominent presence in the City of Industry. The asking price for this property is $7,092. The property is zoned for commercial use and offers significant potential for growth and development. Serious inquiries are encouraged to explore the possibilities this exceptional property presents. Further details are available upon request.

• CAP approach

  CAP return

  Valuation

  6%

  $9,868,318

  6.5%

  $9,109,217

  7%

  $8,458,559

• Comparable approach

  Method

  Valuation

  Relative Method

  $6,694,024

  Geo Method

  $6,657,502

• Alternative Use

  Use

  Valuation

  Residential

  $11,295,429

  Hospitality

  $10,346,552

  Educational

  $8,608,210

  Medical

  $8,904,260

  Retail

  $13,390,549

Location Insight

City

City Of Industry

County

Los Angeles

State

California

Latitude

33.9917

Longitude

-117.921

CBSA code

31080

CBSA name

LOS ANGELES-LONG BEACH-ANAHEIM, CA METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

FAQs

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