160 Olinda Pl, Brea, CA 92823
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160 Olinda Pl Brea, CA 92823

$4,600,000
  • -- Beds
  • -- Baths
  • 12,000 Sq.Ft.
Back Up Offer
$4,600,000 Get Pre-Qualified

Map preview of 160 Olinda Pl, Brea, CA 92823

Property Overview: 160 Olinda Pl Brea, CA has -- bedrooms, -- bathrooms, 12,000 living square feet and 160,413 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: 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 façade, parking lot, enhancing landscaping, or improving common areas. Opportunities for expansion or redevelopment are available, allowing for additional revenue streams. Please note, expenses to follow.

Listed by Eric Eide | BRE #01207980 | RE/MAX MASTERS REALTY
Last checked: 3 minutes ago | Last updated: February 21st, 2024 | Source CRMLS | DOM: 142
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Home details

Lot Sq. Ft
160,413
HOA Dues
$0/mo
Year built
1966
Garage
--
Property Type:
Retail
Status
Back Up Offer
MLS#
CV23200708
City
Brea
County
Orange
Time on Site
148 days
Property Unit Breakdown
Unit Mix Summary
  • Total # of Units: --
  • Total # of Buildings: 2
  • # of Leased Units: 8
Unit Breakdown 1
  • # of Units: 1
  • # of Beds: --
  • # of Baths: --
  • Actual Rent: $2,450
  • Total Rent: --
Unit Breakdown 2
  • # of Units: 2
  • # of Beds: --
  • # of Baths: --
  • Actual Rent: $2,450
  • Total Rent: --
Unit Breakdown 3
  • # of Units: 3
  • # of Beds: --
  • # of Baths: --
  • Actual Rent: $2,450
  • Total Rent: --
Unit Breakdown 4
  • # of Units: 4
  • # of Beds: --
  • # of Baths: --
  • Actual Rent: $1,500
  • Total Rent: --
Unit Breakdown 5
  • # of Units: 5
  • # of Beds: --
  • # of Baths: --
  • Actual Rent: $1,200
  • Total Rent: --
Unit Breakdown 6
  • # of Units: 6
  • # of Beds: --
  • # of Baths: --
  • Actual Rent: $1,500
  • Total Rent: --
Unit Breakdown 7
  • # of Units: 7
  • # of Beds: --
  • # of Baths: --
  • Actual Rent: $300
  • Total Rent: --
Unit Breakdown 8
  • # of Units: 8
  • # of Beds: --
  • # of Baths: --
  • Actual Rent: $500
  • Total Rent: --
Property Income/Expense Information
Property Income and Analysis
  • Gross Rent Multiplier: --
  • Gross Scheduled Income: --
  • Net Operating Income: --
  • Gross Operating Income: --
Annual Expense Breakdown
  • Total Operating Expense: --

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Property Details for 160 Olinda Pl

Interior Features
Laundry Information
  • None
Interior Features
  • Security Features: Carbon Monoxide Detector(s), Smoke Detector(s)
Exterior Features
Exterior Information
  • Roof: Spanish Tile
  • Has Fence
  • Chain Link
Lot Details / Garage and Parking
Parking/Garage Information
  • # of Parking Spaces: 150
Lot Information
  • Lot Features: Gentle Sloping, Lot Over 40000 Sqft, Irregular Lot, Paved, Value In Land
  • Lot Size Source: Assessor
  • Common Interest: None
Property Information
  • Parcel Number: 31505204
  • Year Built Source: Assessor
  • Entry Level: 1
Homeowners Association, Utilities, Taxes / Assessments
Utilities Information
  • Water Source: Public
  • Utilities: Electricity Connected, Natural Gas Connected, Sewer Connected, Water Connected
Location / Neighborhood
Location Information
  • Directions: Take Carbon Canyon East From Lambert Road to the Intersection of Olinda Dr & Carbon Canyon Rd.
View more facts & features

Local Brea Agent

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Sale History for 160 Olinda Pl

View property's historical transactions
  • February, 2024

  • Feb 21, 2024

    Date

    Back Up Offer

    CRMLS: CV23200708

    $4,600,000

    Price

  • Nov 1, 2023

    Date

    Active

    CRMLS: CV23200708

    $4,600,000

    Price

  • May, 2021

  • May 10, 2021

    Date

    Active

    CRMLS: PW21039085

    $4,100,000

    Price

  • May 9, 2021

    Date

    Hold

    CRMLS: PW21039085

    $4,100,000

    Price

  • Feb 26, 2021

    Date

    Active

    CRMLS: PW21039085

    $4,100,000

    Price

  • Listing provided courtesy of CRMLS

    Fantastic Commercial opportunity. Perfect build site for a private school, church site, childcare center, car wash, wedding venue, large restaurant. Currently used for various retail businesses!

  • September, 2017

  • Sep 18, 2017

    Date

    Expired

    CRMLS: OC17142224

    $4,800,000

    Price

  • Jun 22, 2017

    Date

    Active

    CRMLS: OC17142224

    $4,800,000

    Price

  • Listing provided courtesy of CRMLS

    Olinda Place is a rare infill redevelopment opportunity that is within the city of Brea, and adjacent to Yorba Linda. The existing use is an older commercial center which could either be razed for new development, or perhaps could be rehabbed and updated with new tenants who would create more of a lifestyle-oriented center that appeals to today’s consumers. The zoning is commercial and allows for a residential care facility (with CUP). There is also potential for a zone change to do a market rate residential development.

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Tax History for 160 Olinda Pl

Assessed Value (2020): $944,223
Year Land Value Improved Value Assessed Value
2020 $406,016 $538,207 $944,223

Home Value Compared to the Market

This property vs the competition

160 Olinda Pl is listed 300% higher than the median list price for the city of Brea which has a median list price of $1,150,000. The median price per/sqft for Brea is $561 and this home is listed at $383.33 per/sqft which puts the price per square foot 31.67% lower than the median price per square foot for the city of Brea.

About 160 Olinda Pl

Detailed summary of property

160 Olinda Pl is a retail located in Brea, CA 92823 and is currently in escrow to be sold. This retail property offers -- bedrooms, -- bathrooms, roughly 12,000 living square feet, and sits on an approximately 160,413 square foot lot. 160 Olinda Pl was first listed on ArdentRealEstateGroup.com on November 1, 2023. The homeowner is currently asking $4,600,000. The median priced home in Brea is $1,150,000 with a median price per square foot of $561. Based on Ardent Real Estate Group's Brea Market Data, this home is listed 300% higher than the median priced home. Local competing homes currently for sale include 1541 S Central Ave, 5001 S Western Ave and 4101 Beverly Blvd. While the average home in Brea, CA is selling in 47 days, 160 Olinda Pl has a days on market of 142 days. There are currently 40 homes for sale in the Brea real estate market and 35 of them are single family homes while 4 of them are condos and 1 are townhomes. For more information on this home for sale at 160 Olinda Pl Brea, CA 92823 contact Ardent Real Estate Group and we will put you in touch with one of our Brea agents.

Public Facts for 160 Olinda Pl

Public county record property details
Beds
--
Baths
--
Year built
--
Sq. Ft.
--
Lot Size
160,387
Stories
--
Type
Commercial (General)
Pool
No
Spa
No
County
Orange
Lot#
--
APN
315-052-04

The source for these homes facts are from public records.

92823 Real Estate Sale History (Last 30 days)

Last 30 days of sale history and trends
Median List Price
$1,780,000
Median List Price/Sq.Ft.
$562
Median Sold Price
$1,058,000
Median Sold Price/Sq.Ft.
$509
Total Inventory
5
Median Sale to List Price %
97.24%
Avg Days on Market
67
Loan Type
Conventional (0%), FHA (0%), VA (0%), Cash (66.67%), Other (33.33%)

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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.