19811 Colima RdWalnut, CA 91789

  • Mixed-use properties
  • 33,246 SF
For Lease
$24/SF/YR View listing

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
19811 Colima Rd, Walnut, California

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

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
$96,934
$2,198,093
$4,458,999
$6,657,092
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