La Habra, CA 90631,121 S Beach BLVD
La Habra, CA 90631,121 S Beach BLVD
La Habra, CA 90631,121 S Beach BLVD
12
$15,699,000
$16,900,000
7.1%
Est.Price: ?

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58,613 SqFt

121 S Beach BLVD La Habra, CA 90631

Est. payment /mo
SOLD DATE : 04/08/2022

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Key Details

Sold Price $15,699,000

Property Type Commercial

Sub Type Retail

Listing Status Sold

Purchase Type For Sale

Square Footage 58,613 sqft

Price per Sqft $267

MLS Listing ID PW22000987

Sold Date 04/08/22

HOA Y/N No

Lot Size 3.930 Acres

Acres 3.9304

Property Sub-Type Retail

Property Description

The subject property is situated on the South West corner of Beach Boulevard & La Habra Boulevard in the City of La Habra. The property is surrounded by other Commercial/Retail, Apartments and residential properties. Property includes ample parking and had a faade enhancement in 2007. Located across from Costco, near La Habra City Hall, Community Center, U.S. Post Office, La Habra Police Department and other Retail Shopping Centers.
2 legal parcels - potential to divide and resell, Potential for mixed use redevelopment
34% of income from credit tenants, 79% of income is internet resistant, 58% of tenants in place over 15 years
Scheduled rent increases provide income growth
Inflation Hedge- Below market Rents are easily replaceable with increased income likely
No deferred maintenance, Well maintained and easy to manage
Tenants include: 7-Eleven, Dollar Tree, Bank of America, Subway, Kumon Learning Center, Best Deal Appliances, Taco Nazo, Dance Studio, Cleaners, Dentist, Womens Center, Sushi, Acupuncture, Dog Groomer, Barber, Donuts, Farmers Insurance and More
Stable Tenant Mix of National, Regional and Local Companies
Substantial Parking & Abundant Street Frontage
Located on High Traffic Point Corner with 57,985 Cars Per Day

Sale is Combined With Additional Parcel 018-201-20

Location

State CA

County Orange

Area 87 - La Habra

Interior

Laundry None

Building

Lot Description 2-5 Units/Acre, Landscaped, Rectangular Lot, Near Public Transit, Park Nearby, Paved

Water Public

Others

Special Listing Condition Standard

Lease Land No

Confidential INFO

BAC 2.0

LIST AGRMT Exclusive Right To Sell

LIST SERVICE Full Service

SHOW CONTACT TYPE Agent

SHOW INSTRUCTIONS For more information contact Greg Jones at 714-267-1207 or via email at Greg@JonesRE.net

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Listed by Jones Real Estate
Bought with NONMEMBER MRML
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agent

Mark Witte

Agent | License ID: 02102425

+1(949) 269-7270

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