1569 Fairway DrWalnut, CA 91789

Property Details for 1569 Fairway Dr

Year built

2004

Construction

WOOD

Lot size

0.62 AC

Property size (Sq ft)

19,295 SF

Zone code

LCA110000*

Property type

Retail properties

Property subtype

Retail space

APN

8762-018-016

APU

8762018016

Description

Hing Wa Lee Plaza, located at 1569 Fairway Dr in Walnut, CA 91789, presents a unique opportunity within the thriving Los Angeles County retail market. This two-story, 19,295 square foot shopping center, built in 2004, is zoned C2 and boasts 85 parking spaces. Currently, 3,200 square feet of retail space is available, ideal for a variety of businesses. The property enjoys excellent street visibility and is conveniently situated near the 60 freeway ramp, ensuring high traffic flow and accessibility. A pylon sign and signalized intersection further enhance visibility and attract customers. The center is known for its upscale atmosphere and caters to a high-end demographic. Individual tenant spaces feature tenant-controlled HVAC systems and accent lighting, providing a comfortable and stylish environment. This property offers a rare chance to establish a presence in a prestigious, well-maintained shopping center with a proven track record of success. The property's location in Walnut, Los Angeles County, provides access to a strong consumer base.

• CAP approach

  CAP return

  Valuation

  6%

  $7,994,902

  6.5%

  $7,379,910

  7%

  $6,852,774

• Comparable approach

  Method

  Valuation

  Relative Method

  $9,296,949

  Geo Method

  $9,442,178

• Alternative Use

  Use

  Valuation

  Residential

  $6,225,230

  Hospitality

  $5,702,278

  Educational

  $4,744,228

  Medical

  $4,907,389

  Retail

  $7,379,910

Location Insight

City

Walnut

County

Los Angeles

State

California

Latitude

33.9882

Longitude

-117.871

CBSA code

31080

CBSA name

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

Property Tax & Assessments

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