1743 W La Palma Avenue, Anaheim, CA 92801

About this commercial property

VALUE ADD OPPORTUNITY or BUSINESS OWNER DREAM! Two below-market rent tenants lease expired, next to each other, and one more will expire by end of 2024. Increase to market rent, or combine all 3 units to open your dream business. 1741- 1749 W La Palma Introducing a prime commercial property opportunity: a meticulously maintained strip center spanning 4,500 square feet on a generous 13,032 square foot lot. Comprising five fully leased units, this property stands as a lucrative investment on a bustling high-traffic street, promising exceptional visibility and accessibility. Situated in a prime location, this strip center offers a remarkable value-add potential. With most tenant leases transitioning to a month-to-month basis, there is a unique opportunity to optimize returns by adjusting rental rates. Projected to achieve a potential yield of 5.3%, this property is poised for increased profitability. The strategic positioning of this commercial gem not only ensures immediate returns but also holds promising prospects for long-term appreciation. Boasting a new roof and scheduled parking lot repairs in April, the property is poised for enhanced durability and reduced maintenance costs. The property features 14 parking spaces in the front and an additional 10 at the rear, ensuring ample convenience for both tenants and customers. Whether you are an astute investor seeking a steady income stream or someone keen on capitalizing on the potential appreciation of a prime location, this commercial property offers a well-rounded investment opportunity. Don't miss out on the chance to be part of a thriving community with this turnkey strip center that combines immediate stability with future growth potential.

Listing description from the August 2024 sale, as reported to CRMLS.

Sale history

$1,600,000

Sold August 2024 · listed $1,890,000, orig. $2,099,000, on market March 2024 · MLS #OC24045104 · Source: CRMLS

Listing Agent: Robert Tran · Listing Office: HPT Realty · Contact: 7147023127 · Bought with: Robert Tran · HPT Realty

Explore Anaheim