464 Bonita AveSan Dimas, CA 91773

  • Office properties
  • 5,000 SF
For Sale
$2,000,000 View listing

Property Details for 464 Bonita Ave

Year built
1980
Construction
WOOD
Lot size
0.36 AC
Property size (Sq ft)
5,000 SF
Zone code
SDAP*
Property type
Office properties
Property subtype
Office buildings
APN
8390-014-025
APU
8390014025

Description

This exceptional 5,343-square-foot executive office building, located at 464 E Bonita Ave in San Dimas, California, presents a compelling investment opportunity. Built in 1980, this two-story building sits on a 0.36-acre lot and boasts a prominent Bonita Avenue frontage, ideal for signage and branding. The property is zoned AP and offers ample parking with 24 spaces, including covered options. The asking price is $2,000,000, translating to $374.32 per square foot. The entire building is available as a single tenancy, providing a unique opportunity for a single occupant or a company seeking to consolidate operations. Its strategic location offers excellent access to major freeways, including the 10, 57, and 210, ensuring convenient commutes for employees and clients. The property's proximity to downtown San Dimas provides easy access to local amenities and services. The building's 5,343 square feet of net rentable space offers flexibility for various office configurations. The property's APN is 8390014025. This is a rare opportunity to acquire a well-located, substantial executive office building in the desirable San Dimas market. The property is currently owned by Formica Craig T and Formica Deanna M.

Valuation
by Paperhouses methods

Valuation date:
Dec 11, 2024
  • CAP approach

    CAP return
    Valuation
    6%
    $1,245,321
    6.5%
    $1,149,527
    7%
    $1,067,418
  • Comparable approach

    Method
    Valuation
    Relative Method
    $847,753
    Geo Method
    $950,800
  • Alternative Use

    Use
    Valuation
    Residential
    $1,425,414
    Hospitality
    $1,305,671
    Educational
    $1,086,303
    Medical
    $1,123,663
    Retail
    $1,689,805
464 Bonita Ave, San Dimas, California

Location Insight

City
San Dimas
County
Los Angeles
State
California
Latitude
34.1063
Longitude
-117.799
CBSA code
31080
CBSA name
LOS ANGELES-LONG BEACH-ANAHEIM, CA METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

Tax date
Tax Amount
Assessed Land Value
Assessed Improvement Value
Total Assessed Value
Applied Tax Rate
Land Market Value
Improvement Market Value
Total Market Value
2024
$16,017
$744,208
$502,417
$1,246,625
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