Address
1060 W La Palma Avenue Anaheim, CA
Price
$ 2,795,000
Property Attributes
  • MLS#PW20195001
  • TypeCommercial
  • CountyORANGE
  • CityAnaheim
  • AreaAnaheim West of Harbor
  • Zip92801
  • StyleRetail
  • Price$ 2,795,000
  • Bedrooms0
  • Full Bathrooms0
  • Half Bathrooms0
  • Sqr Footage5205
Listing Provided Courtesy Of:
Michael Sacks with Coldwell Banker Realty.
Property Description

1060-1080 West La Palma Avenue in Anaheim is a Retail Property ideally located adjacent to the Anaheim Regional Medical Center (Hospital & Emergency Center). The investment is a stabilized, tangible asset in great condition; with good quality tenants in place. This is a rare opportunity in Orange County as the existing tenants are ideal in today's ever-changing economic landscape. Both John's Liquor Market & Launderland are seemingly stable during the pandemic. The liquor market's lease is through 2027, and the Laundromat exercised a 5 year option on August 1st. Both leases include 3% rent increase every year.NET LEASES / Very light landlord responsibility: Tax, Insurance, Roof and HVAC paid by landlord and reimbursed accordingly. Located kitty-corner to the Anaheim Regional Hospital and Emergency Center. Medical offices stand on both side of the property as well. *The Seller sends letters twice a year for property taxes and one letter for insurance for reimbursement. Also, the gardener charges the owner $80.00 per month which bill's the tenants biannually December/June. Rent increase letters go out January(1060) and October(1080). 1060 pays 52% and 1080 pays 48% of expenses.

Price History
9/18/2020 Listed $2,795,000

General Features

Directions East of Euclid on La Palma Ave.
Listagentaor Pacific West
Listing Agent Michael Sacks - BRE#01945984
Listing Agent State License 01945984
MLS Area 79 - Anaheim West of Harbor
Number of Units Leased 2
Price Per Square Foot 536.98
Property SubType Retail
Property Type Commercial Sale
Source System CRMLS
Special Listing Conditions Standard
Total Units 2

Interior Features

Condo Area Unit Type Square Feet
Laundry Features None

Exterior Features

Building Area Total 5205.00
Number of Buildings 1
Water Source Public

Amenities

  • Foreclosure
  • Views
  • Short Sale
  • New Construction
  • Adult 55+
  • Lease To Own
  • No HOA Fees
  • Furnished
  • Master On Main
  • Air Conditioning
  • Seller Finance
  • Green
  • Fixer Upper
  • Horse
  • Golf
  • Fireplace
  • Deck
  • Garage
  • Basement
  • Pool

Property vs Zip Code Average in 92801

Price
AVG $580K
$2.8M
Visits
AVG 131
53
Year Built
AVG 1976
1980

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