160 Olinda Place
160 Olinda Place
160 Olinda Place
160 Olinda Place
160 Olinda Place
160 Olinda Place
160 Olinda Place
160 Olinda Place
160 Olinda Place
160 Olinda Place
160 Olinda Place
160 Olinda Place
160 Olinda Place
160 Olinda Place
160 Olinda Place
160 Olinda Place
160 Olinda Place
160 Olinda Place
160 Olinda Place
160 Olinda Place
160 Olinda Place
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160 Olinda Place
160 Olinda Place
160 Olinda Place
160 Olinda Place
160 Olinda Place
160 Olinda Place
160 Olinda Place
160 Olinda Place
160 Olinda Place
160 Olinda Place
160 Olinda Place
160 Olinda Place
160 Olinda Place
160 Olinda Place
160 Olinda Place
160 Olinda Place
160 Olinda Place
160 Olinda Place
160 Olinda Place
160 Olinda Place
160 Olinda Place
For Sale

160 Olinda Place

160 Olinda Place, Brea, CA 92823

$4,200,000
Presenting a remarkable investment opportunity, this prime retail shopping center is now available for acquisition. Situated in a highly sought-after location, this property offers investors a strategic asset with a strong track record of performance and promising growth prospects. Strategically located in a high-traffic area with excellent visibility and accessibility, this shopping center is a cornerstone of the community and enjoys a consistent influx of potential customers. This shopping center boasts a total of +/-12,000 square feet on a spacious 3.68 acre lot. The center's diverse tenant mix includes a wide range of retail, dining, and service businesses. The shopping center offers ample parking with approximately 150 parking spaces, ensuring convenience for customers and tenants. The deferred maintenance presents an opportunity for the buyer to renovate and modernize the property, potentially increasing its leasing appeal and rental income. This could involve upgrading the facade, parking lot, enhancing landscaping, or improving common areas. Opportunities for expansion or redevelopment are available, allowing for additional revenue streams. Within the existing Neighborhood Commercial (C-N) zone, a senior living facility is permitted with the approval of a conditional use permit (CUP). Upon full or preliminary application submittal, the City's development review team would consider this potential project's compatibility with the site and surrounding neighborhood. A consideration for a facility provider may be proximity to a hospital or medical facility from the property. With regard to the potential of rezoning to a residential zone. A rezone to Single Family (R-1) is the most intensive residential density the City may be supportive of. Currently, the maximum density in the R-1 zone is 6 dwelling units per acre. A zone change would also require a general plan amendment, which is a legislative request that requires city council approval. At a minimum, this type of project application would require the preparation of an initial study by one of our environmental consultants to assess what type of environmental review is warranted. Buyers are advised to check with the City for all development possibilities!

12,000 Sq.Ft. LIVING AREA

3.68 Acres lot

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Schedule a Showing

I would love to show you my beautiful property. Please select your preferred date and time below. I will be in touch shortly to confirm your appointment.
Thank you for your interest in 160 Olinda Place, Brea, CA 92823. We are reviewing your request and will be in touch shortly!
Eric Eide

Eric Eide

Features & Amenities

Interior

  • Laundry room None

Area & Lot

  • Status For Sale
  • Living Area12,000 Sq.Ft.
  • Lot Area3.68 Acres
  • MLS® IDCV23200708
  • TypeCommercial
  • YEAR BUILT1966

Exterior

  • STORIES1
  • water SourcePublic
  • utilitiesElectricity Connected, Natural Gas Connected, Sewer Connected, Water Connected
  • roofSpanish Tile
  • lot featuresGentle Sloping, Irregular Lot, Lot Over 40000 Sqft, Paved, Value In Land
  • security FeaturesCarbon Monoxide Detector(s), Smoke Detector(s)

Financial

  • Sales Price$4,200,000

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Work With Eric

As your real estate agent, Eric Eide is committed to making the home buying and selling process as smooth as possible. He will listen to your needs and criteria in finding you your “Dream House” and will be dedicated to keeping you informed throughout each step.

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