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405 S State College Blvd, Brea, CA 92821
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405 S State College Blvd Brea, CA 92821

$3,840,000 Sold Price as of 08/12/2021
  • -- Beds
  • -- Baths
  • 15,000 Sq.Ft.
Sold
$3,840,000 Sold Price as of 08/12/2021 Refinance Your Mortgage
Map preview of 405 S State College Blvd, Brea, CA 92821

Property Overview: 405 S State College Blvd Brea, CA has -- bedrooms, -- bathrooms, 15,000 living square feet and 32,310 square feet lot size. Call an Ardent Real Estate Group agent with any questions you may have.

Agent Remarks: *New Price/5.7 CAP & 5.65% COC Scheduled Actual Rents/$266 CPSF* Brea Park Plaza boasts a dynamic, vibrant and irreplaceable commercial/retail location just south of the Brea Mall and approx. 1/8 of a mile from the 57 freeway on/off-ramp. With approx. 230 ft of frontage on State College Blvd, ample signage and high traffic counts, it offers tenants extremely high visibility. It is comprised of retail space (first 2 floors) and office space (3rd floor) - all of which is elevator served. There is ample parking with 41 onsite spaces and generous on-street parking. Brea Park Plaza enjoys a diverse, internet-resistant tenant mix of 16 tenants in the following trades: hair & beauty, chiropractic, pet groomers, financial/CPA and general office. The subject property has undergone numerous and extensive capital improvements including: new title 24 energy efficient foam roof (2020), new parking lot with complete excavation and replacement of asphalt, new exterior paint and numerous heating and AC upgrades and replacements. It offers the savvy operator significant rental upside upon renewal or re-leasing. The adjacent commercial property to the north is undergoing a major renovation with sites leased to strong regional/national tenants including: In & Out Burger, Fogo de Chao Steak House, Active, Bank of the West etc with lease rates around $4 per sq ft. Brea Park Plaza offers the experienced investor a stable, well-located investment with significant upside and an irreplaceable location.

Listed by Ed Diaz | BRE #01022469 | Vanguard Property Group
Last checked: 2 minutes ago | Last updated: March 22nd, 2022 | Source CRMLS | DOM: 165

Home details

Lot Sq. Ft
32,310
HOA Dues
$0/mo
Year built
1974
Garage
--
Property Type:
Mixed Use
Status
Sold
MLS#
PW20227092
City
Brea
County
Orange
Time on Site
1297 days
Property Unit Breakdown
Unit Mix Summary
  • Total # of Units: 16
  • Total # of Buildings: --
  • # of Leased Units: 16
Property Income/Expense Information
Property Income and Analysis
  • Cap Rate: 5.7%
  • Gross Rent Multiplier: --
  • Gross Scheduled Income: $325,006
  • Net Operating Income: $227,973
  • Gross Operating Income: --
  • Other Income 1: $41,750
Annual Expense Breakdown
  • Total Operating Expense: $142,176
  • Electric: $37,749
  • Trash: $3,123
  • Insurance: $3,343
  • Professional Management: $10,771
  • Water/Sewer: $5,131

Property Details for 405 S State College Blvd

Interior Features
Laundry Information
  • None
Lot Details / Garage and Parking
Parking/Garage Information
  • # of Parking Spaces: 41
Lot Information
  • Lot Features: 0-1 Unit/Acre
  • Lot Size Source: Appraiser
  • Common Interest: None
Property Information
  • Total # of Units: 16
  • Parcel Number: 02933102
  • Year Built Source: Appraiser
Homeowners Association, Utilities, Taxes / Assessments
Utilities Information
  • Water Source: Public
Location / Neighborhood
Location Information
  • Directions: Just south of State College & Imperial Hwy
View more facts & features

Local Brea Agent

Sale History for 405 S State College Blvd

Last sold for $3,840,000 on August 12th, 2021

  • August, 2021

  • Aug 13, 2021

    Date

    Sold

    CRMLS: PW20227092

    $3,840,000

    Price

  • Aug 10, 2021

    Date

    Pending

    CRMLS: PW20227092

    $4,000,000

    Price

  • Jun 23, 2021

    Date

    Price Change

    CRMLS: PW20227092

    $4,000,000

    Price

  • May 17, 2021

    Date

    Active

    CRMLS: PW20227092

    $4,295,000

    Price

  • Jan 19, 2021

    Date

    Withdrawn

    CRMLS: PW20227092

    $4,295,000

    Price

  • Oct 28, 2020

    Date

    Active

    CRMLS: PW20227092

    $4,295,000

    Price

  • August, 2020

  • Aug 1, 2020

    Date

    Expired

    CRMLS: PW20021961

    $4,295,000

    Price

  • Jun 2, 2020

    Date

    Withdrawn

    CRMLS: PW20021961

    $4,295,000

    Price

  • Jan 31, 2020

    Date

    Active

    CRMLS: PW20021961

    $4,295,000

    Price

  • Listing provided courtesy of CRMLS

    Brea Park Plaza boasts a dynamic, vibrant and irreplaceable commercial/retail location just south of the Brea Mall and approximately 1/8 of a mile from the 57 freeway on/off-ramp. With approx 230 ft of frontage on State College Blvd, ample signage and high traffic counts, the subject property offers tenants extremely high visibility. It is comprised of retail space (1st two floors) and office space (3rd floor) - all of which is elevator served. There is ample parking with 41 onsite spaces and generous on-street parking. Brea Park Plaza enjoys a diverse, internet-resistant tenant mix comprised of 16 tenants in the following trades: hair & beauty, chiropractic, pet groomers, financial/CPA and general office. The subject property has undergone numerous capital improvements including: complete excavation and replacement of asphalt parking lot (4-5 in of new asphalt throughout), new exterior paint and numerous HVAC upgrades and replacements. The subject offers the savvy operator significant rental upside upon renewal or re-leasing but also offers a 4.7 CAP rate based on 2020 scheduled rents. The adjacent commercial property to the north is undergoing a major renovation with sites leased to strong regional/national tenants including: In & Out Burger, Fogo de Chao Steak House, Active, Bank of the West etc with lease rates around $4 per square foot. Brea Park Plaza offers the experienced investor a stable, well-located investment with significant upside and an irreplaceable location.

  • June, 2019

  • Jun 29, 2019

    Date

    Expired

    CRMLS: PW18281399

    --

    Price

  • Nov 28, 2018

    Date

    Active

    CRMLS: PW18281399

    --

    Price

  • Listing provided courtesy of CRMLS

    Let's make a deal! We're offering one month's free rent to qualified applicants. There are three office suites available ranging from 244-612 sf. Two of the suites are adjacent (#208 & 204) and can be combined for a total of 745 sf of contiguous office space. We have two price points available for renovated and non renovated spaces. Renovated $1.95 per sf or Non-renovated $1 per sf. All leases are offered at full service so their is no additional charges. Brea Park Plaza is ideally located in the City of Brea just across the street from the Brea Mall and within 800 feet of the 57 freeway on ramp. The subject property sits with parallel frontage on State College blvd near the intersection of Imperial Hwy for maximum exposure boasting an impressive 63,600 daily traffic count. The prime location offers tenants extremely quick freeway access and is surrounded by numerous restaurant & retail amenities.

  • January, 2018

  • Jan 1, 2018

    Date

    Expired

    CRMLS: PW17147217

    $200,000

    Price

  • Nov 17, 2017

    Date

    Withdrawn

    CRMLS: PW17147217

    $200,000

    Price

  • Jun 29, 2017

    Date

    Active

    CRMLS: PW17147217

    $200,000

    Price

  • Listing provided courtesy of CRMLS

    Hair Salon in City of Brea. Great location near downtown Brea across from the entrance of Craig Regional Park. There are 7 stations and 2 rooms. @ rooms can be used as Skin Care, Nail, Eye Lash Extension. You can rent out Stations and rooms.

  • July, 2017

  • Jul 14, 2017

    Date

    Sold (Public Records)

    Public Records

    $3,800,000

    Price

  • July, 2015

  • Jul 16, 2015

    Date

    Sold (Public Records)

    Public Records

    $3,500,000

    Price

Show More

Tax History for 405 S State College Blvd

Assessed Value (2020): $3,825,000
Year Land Value Improved Value Assessed Value
2020 $2,142,000 $1,683,000 $3,825,000

Home Value Compared to the Market

This property vs the competition

405 S State College Blvd sold on August 12, 2021 for 233.33% higher than the current median sold price for the city of Brea which is $1,200,000. The median sold price per/sqft for Brea is $601 and this home is sold at $266.67 per/sqft which puts the price per square foot 55.63% lower than the current median sale per square foot for the city of Brea.

About 405 S State College Blvd

Detailed summary of property

405 S State College Blvd is a mixed use that recently sold in Brea, CA 92821. This mixed use property offered -- bedrooms, -- bathrooms, roughly 15,000 living square feet, and sits on an approximately 32,310 square foot lot. 405 S State College Blvd was first listed on ArdentRealEstateGroup.com on October 28, 2020. The homeowner sold the property for $3,840,000. Home in Brea are selling for a median price of $1,200,000 and a median price per square foot of $601. Based on Ardent Real Estate Group's Brea Market Data, this home is sold 233.33% higher than the current median priced home. Local homes that are currently for sale include 1059 Pacific Ave, 2500-2514 E Cesar E Chavez Ave and 12120 6th St. While the average home in Brea, CA is selling in 39 days, 405 S State College Blvd has a days on market of 165 days. There are currently 44 homes for sale in the Brea real estate market and 40 of them are single family homes while 4 of them are condos and 0 are townhomes. For more information on this home for sale at 405 S State College Blvd Brea, CA 92821 contact Ardent Real Estate Group and we will put you in touch with one of our Brea agents.

Public Facts for 405 S State College Blvd

Public county record property details
Beds
--
Baths
--
Year built
1974
Sq. Ft.
10,185
Lot Size
32,310
Stories
2
Type
Commercial Building, Mail Order, Show Room (Non-Auto), Commercial Whse
Pool
No
Spa
No
County
Orange
Lot#
--
APN
029-331-02

The source for these homes facts are from public records.

92821 Real Estate Sale History (Last 30 days)

Last 30 days of sale history and trends
Median List Price
$1,095,000
Median List Price/Sq.Ft.
$567
Median Sold Price
$1,185,150
Median Sold Price/Sq.Ft.
$589
Total Inventory
36
Median Sale to List Price %
118.52%
Avg Days on Market
19
Loan Type
Conventional (59.09%), FHA (0%), VA (0%), Cash (22.73%), Other (18.18%)

Thinking of Selling?

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Thinking of Selling?
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(714) 706-1823

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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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