19811 Colima RdWalnut, CA 91789
- Mixed-use properties
- 33,246 SF
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
- Mixed-use properties
- Property subtype
- Other investment 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.
Valuation
by Paperhouses methods
- Valuation date:
- Dec 11, 2024
-
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
Comparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
FAQs
- How do I add a non-forward facing team member such as a broker coordinator or broker aide to a listing in order to ensure they get notifications on the property?
- Please email our support team at [email protected] and they will add the team member.
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