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14808 Pipeline Ave, Chino Hills, CA 91709
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14808 Pipeline Ave Chino Hills, CA 91709

$3,875,000
  • -- Beds
  • -- Baths
  • 7,754 Sq.Ft.
For Sale
$3,875,000 Get Pre-Qualified
Map preview of 14808 Pipeline Ave, Chino Hills, CA 91709

Property Overview: 14808 Pipeline Ave Chino Hills, CA has -- bedrooms, -- bathrooms, 7,754 living square feet and 28,905 square feet lot size. Call an Ardent Real Estate Group agent to verify current availability of this home or with any questions you may have.

Agent Remarks: Investing in NNN bank building is perfect defensive commercial real estate investment strategy, after the Covid that make bank building become one of the defensive investment target in the US. Citi bank is a well-known and reputable financial institution that has been serving customers for over 200 years ;This is only branch in Chino Hills. This branch is unique in that it operates under a triple net lease (NNN), which means that the tenant (Citi bank) is responsible for all expenses related to the property, including taxes, insurance, and maintenance. Just signed first 5 year renewal terms with another three 5 years option to renew Close to restaurants, and department store nearby. Closely located to 60 and 71 Freeways. DO NOT DISTURB THE OCCUPANT; subject to inspection with an accepted Offer. Thank you for all your cooperation. Please copy website link from Business URL and paste to your web browser address bar to download the marketing package.

Listed by Solomon Lao | BRE #00997151 | Brighten Real Estate Advisors
Last checked: 2 minutes ago | Last updated: February 29th, 2024 | Source CRMLS | DOM: 51
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Home details

Lot Sq. Ft
28,905
HOA Dues
$0/mo
Year built
1983
Garage
--
Property Type:
Retail
Status
Active
MLS#
TR24040511
City
Chino Hills
County
San Bernardino
Time on Site
65 days
Property Unit Breakdown
Unit Mix Summary
  • Total # of Units: --
  • Total # of Buildings: --
Property Income/Expense Information
Property Income and Analysis
  • Gross Rent Multiplier: --
  • Gross Scheduled Income: $160,719
  • Net Operating Income: $160,719
  • Gross Operating Income: --
  • Vacancy Allowance: $0
Annual Expense Breakdown
  • Total Operating Expense: $0

Open Houses for 14808 Pipeline Ave

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Property Details for 14808 Pipeline Ave

Interior Features
Laundry Information
  • None
Lot Details / Garage and Parking
Lot Information
  • Lot Features: Lot 20000-39999 Sqft, Level
  • Lot Size Source: Assessor
  • Common Interest: None
Property Information
  • Parcel Number: 1025251170000
  • Year Built Source: Public Records
  • Entry Level: 1
Homeowners Association, Utilities, Taxes / Assessments
Utilities Information
  • Water Source: Public
Location / Neighborhood
Location Information
  • Directions: North of 142/West of Pipeline Ave
View more facts & features

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Sale History for 14808 Pipeline Ave

Last sold for $3,550,000 on February 9th, 2018

  • February, 2024

  • Feb 28, 2024

    Date

    Active

    CRMLS: TR24040511

    $3,785,000

    Price

  • February, 2018

  • Feb 10, 2018

    Date

    Sold

    CRMLS: PW17271365

    $3,550,000

    Price

  • Jan 23, 2018

    Date

    Pending

    CRMLS: PW17271365

    $3,670,000

    Price

  • Dec 7, 2017

    Date

    Active

    CRMLS: PW17271365

    $3,670,000

    Price

  • Listing provided courtesy of CRMLS

    Single Tenant Absolute NNN Citibank in prime southern california location with Drive-Thru and safe deposit box. Near signalized intersection with other banks: Bank of America, Wells Fargo Bank, Chase Bank and Union Bank. 10 year lease extension executed by Citibank in 2014. 1.5% annual increase. Strong deposit of $87 million. Current Net Income, $146,976, is pro forma as of Jan. 18, 2018. Net Income at Start of Option 1 $160,719. Net Income at End of Option 1 $170,581. Lease Term 10 Years. Rental Increases 1.5% Annually. Expiration January 30, 2024. Options Four, Five Year Renewal Options. NNN No Landlord Responsibilities.

  • February, 2018

  • Feb 9, 2018

    Date

    Sold (Public Records)

    Public Records

    $3,550,000

    Price

  • August, 2014

  • Aug 6, 2014

    Date

    Sold (Public Records)

    Public Records

    $3,110,000

    Price

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Tax History for 14808 Pipeline Ave

Assessed Value (2020): $3,693,420
Year Land Value Improved Value Assessed Value
2020 $511,237 $3,182,183 $3,693,420

Home Value Compared to the Market

This property vs the competition

14808 Pipeline Ave is listed 297.44% higher than the median list price for the city of Chino Hills which has a median list price of $975,000. The median price per/sqft for Chino Hills is $503 and this home is listed at $499.74 per/sqft which puts the price per square foot 0.65% lower than the median price per square foot for the city of Chino Hills.

About 14808 Pipeline Ave

Detailed summary of property

14808 Pipeline Ave is a retail located in Chino Hills, CA 91709 and is currently for sale. This retail property offers -- bedrooms, -- bathrooms, roughly 7,754 living square feet, and sits on an approximately 28,905 square foot lot. 14808 Pipeline Ave was first listed on ArdentRealEstateGroup.com on February 28, 2024. The homeowner is currently asking $3,875,000 and was originally asking $3,785,000. The median priced home in Chino Hills is $975,000 with a median price per square foot of $503. Based on Ardent Real Estate Group's Chino Hills Market Data, this home is listed 297.44% higher than the median priced home. Local competing homes currently for sale include 7172 Melrose Ave. While the average home in Chino Hills, CA is selling in 39 days, 14808 Pipeline Ave has a days on market of 51 days. There are currently 96 homes for sale in the Chino Hills real estate market and 80 of them are single family homes while 12 of them are condos and 4 are townhomes. For more information on this home for sale at 14808 Pipeline Ave Chino Hills, CA 91709 contact Ardent Real Estate Group and we will put you in touch with one of our Chino Hills agents.

Public Facts for 14808 Pipeline Ave

Public county record property details
Beds
--
Baths
--
Year built
1983
Sq. Ft.
8,903
Lot Size
28,905
Stories
1
Type
Financial Bldg (Bank, S&L; Mtge; Loan; Credit)
Pool
No
Spa
No
County
San Bernardino
Lot#
--
APN
1025-251-17-0000

The source for these homes facts are from public records.

91709 Real Estate Sale History (Last 30 days)

Last 30 days of sale history and trends
Median List Price
$975,000
Median List Price/Sq.Ft.
$503
Median Sold Price
$1,038,000
Median Sold Price/Sq.Ft.
$498
Total Inventory
96
Median Sale to List Price %
103.8%
Avg Days on Market
20
Loan Type
Conventional (58%), FHA (0%), VA (4%), Cash (28%), Other (10%)

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Based on information from California Regional Multiple Listing Service, Inc. as of 2019. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent.

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