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540 W La Habra BLVD La Habra, CA 90631
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Key Details
Sold Price $1,850,000
Property Type Commercial
Sub Type Retail
Listing Status Sold
Purchase Type For Sale
MLS Listing ID PW23007180
Year Built 1954
Annual Tax Amount $25,761
Lot Size 0.624 Acres
Property Sub-Type Retail
Property Description
The subject property is located at main street (La Habra Boulevard) of the City of La Habra, near the only California CVS Pharmacy Distribution center, one of the area's largest employers. The subject property is in close proximity to major Imperial Highway, Harbor Boulevard and 57 Freeway.
The subject property, built in 1954, consists of (6) six suites totaling about 8,672 sqft of building and sits at 27,166 sqft Lot size.
And it is part of a larger, 51,241 sqft retail strip center known as La Habra Plaza. Due to the current below market rents, the subject property provides an investor a tremendous value add opportunity that can be realized in a short period of time. In short, an astute investor can increase the properties cash flow and value by converting the existing tenants to NNN Lease.
Location
State CA
County Orange
Area 87 - La Habra
Zoning C
Interior
Laundry Common Area
Building
Lot Description 2-5 Units/Acre, Paved, Walkstreet
Story 1
Water Public
Others
Acceptable Financing Cash to New Loan
Listing Terms Cash to New Loan
Special Listing Condition Standard
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Bought with Hyun Soo Oh • New Star Realty & Investment