18331 Gridley RdCerritos, CA 90703

Property Details for 18331 Gridley Rd

Year built

1980

Construction

WOOD

Lot size

0.82 AC

Property size (Sq ft)

21,706 SF

Zone code

CECR

Property type

Office properties

Property subtype

Office buildings

APN

7038-015-009

APU

7038015009

Description

This exceptional office property, located in Cerritos, CA, offers 9,354 square feet of versatile space across two two-story buildings. Six individual office units are currently available, ranging from 734 to 1,979 square feet, perfect for a variety of businesses. The property boasts a Class B rating, was built in 1981, and features ample parking with 110 spaces on-site. Conveniently located near the intersection of major freeways (5, 605, and 91), this location provides easy access to both Los Angeles and Orange County. Its strategic placement directly adjacent to the expansive Cerritos Mall (Los Cerritos Center), a premier shopping destination with high-end retailers and diverse dining options, offers unparalleled visibility and convenience. The property is zoned CR (Regional Commercial), allowing for a wide range of permitted uses, including but not limited to medical clinics, retail stores, restaurants, and more. The building includes elevators for easy access to both floors. This is an excellent opportunity for businesses seeking a high-profile location with exceptional amenities and accessibility. Potential tenants are encouraged to verify zoning information with the City of Cerritos.

• CAP approach

  CAP return

  Valuation

  6%

  $5,348,330

  6.5%

  $4,936,920

  7%

  $4,584,282

• Comparable approach

  Method

  Valuation

  Relative Method

  $6,923,780

  Geo Method

  $6,923,780

• Alternative Use

  Use

  Valuation

  Residential

  $6,121,780

  Hospitality

  $5,607,518

  Educational

  $4,665,389

  Medical

  $4,825,839

  Retail

  $7,257,272

Location Insight

City

Cerritos

County

Los Angeles

State

California

Latitude

33.8649

Longitude

-118.092

CBSA code

31080

CBSA name

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

Property Tax & Assessments

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