19811 Colima RdWalnut, CA 91789

Property Details for 19811 Colima Rd

Year built

1986

Lot size

1.33 AC

Property size (Sq ft)

33,246 SF

Zone code

LCC2BE*

Property type

Investment properties

Property subtype

Retail residential properties

APN

8762-021-027

APU

8762021027

Description

This exceptional commercial property, Hing Wa Lee Plaza II, presents a unique investment opportunity in the thriving city of Walnut, California. Located at 19811 Colima Rd, 91789, this Class B office building boasts a total of 64,846 square feet, offering multiple tenancy options. Currently, there is 4,035 square feet of vacant space available, perfect for a variety of businesses. The building was constructed in 1987 and provides 95 convenient parking spaces for tenants and their clients. The property's location in Los Angeles County makes it easily accessible to major transportation routes and a diverse range of businesses. The available space is particularly well-suited for sole proprietorships such as CPA, attorney, or insurance offices, as well as mortgage brokers or real estate agencies. However, the versatile layout also lends itself to educational services, tutoring centers, dance studios, and other similar businesses. The ample free parking is a significant advantage, ensuring convenient access for both employees and clients. This property offers a compelling combination of location, size, and amenities, making it an attractive option for businesses seeking a well-established and easily accessible office space in a vibrant community.

• CAP approach

  CAP return

  Valuation

  6%

  $11,620,161

  6.5%

  $10,726,302

  7%

  $9,960,138

• Comparable approach

  Method

  Valuation

  Relative Method

  $9,852,949

  Geo Method

  $10,006,863

• Alternative Use

  Use

  Valuation

  Residential

  $10,726,302

  Hospitality

  $9,825,235

  Educational

  $8,174,480

  Medical

  $8,455,613

  Retail

  $12,715,858

Location Insight

City

Walnut

County

Los Angeles

State

California

Latitude

33.9876

Longitude

-117.87

CBSA code

31080

CBSA name

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

Property Tax & Assessments

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