505 Grand AveWalnut, CA 91789

Property Details for 505 Grand Ave

Year built

2003

Construction

WOOD

Lot size

0.76 AC

Property size (Sq ft)

9,122 SF

Zone code

WAC3

Property type

Retail space

APN

8709-105-010

APU

8709105010

Description

This exceptional retail investment opportunity presents a 9,122 square foot shopping center situated on a generous 18.6-acre lot in the thriving city of Walnut, California. Built in 2003, the property boasts a convenient location at 505 N Grand Ave, 91789, benefiting from high visibility and accessibility. Currently, there is 2,380 square feet of vacant space available, presenting a unique chance for expansion or new tenancy. The center offers ample parking with a ratio of 5.06 stalls per 1,000 square feet. Its strategic location at the intersection of Grand Avenue and Valley Boulevard places it at the heart of the retail trade area, enjoying excellent access to the Pomona (60) Freeway and signalized entrances. Furthermore, its proximity to Mt. San Antonio College, with its substantial student population of over 40,000, provides a significant and consistent customer base. This property is an ideal investment for those seeking a well-established retail center with significant growth potential in a high-demand area of Los Angeles County. The property is classified as a multi-tenant retail shopping center.

• CAP approach

  CAP return

  Valuation

  6%

  $3,779,710

  6.5%

  $3,488,963

  7%

  $3,239,751

• Comparable approach

  Method

  Valuation

  Relative Method

  $4,395,272

  Geo Method

  $4,389,706

• Alternative Use

  Use

  Valuation

  Residential

  $2,943,071

  Hospitality

  $2,695,837

  Educational

  $2,242,905

  Medical

  $2,320,042

  Retail

  $3,488,963

Location Insight

City

Walnut

County

Los Angeles

State

California

Latitude

34.0275

Longitude

-117.836

CBSA code

31080

CBSA name

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

Property Tax & Assessments

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