DRE #00338699
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16388 Colima $6,988,000


16388 Colima Hacienda Heights, CA 91745

  • 19,380 sq.ft.
  • 1.05 Acres
  • Commercial Sale
MLS# AR19097567 | Active
Days On Market: 158 3 Views
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Property Details

PLAZA DEL ESTE -> First time on market since it was built by its original developer. This hard corner property makes it extremely attractive for business owners and investors because of the exposure from ±26,101 cars passing by per day and traffic signals on both streets (Colima Rd and Punta Del Este Dr). The property is of a high-quality, newer construction built in 2004. It is a two-story office/retail building with a combined gross building size of ±19,380 square foot (including covered walkway, buyer to verify) situated on a large ±45,944 square foot lot. It is occupied by many stable and long-time tenants. The property offers ample parking with 68-spaces on-site and many off-site street parking available. Additional Highlights: First time for sale by the original developer! Proforma CAP Rate over 7%, Superb demographics (±$121,000 AHH within a-mile radius), Excellent location a major street (Colima Road) with an excellent visibility (±26,101 cars per day),High-quality newer construction building with New Roof and New HVAC systems (6 new HVAC units), Flexible unit configuration making a wide appeal to different type of tenants including medical office use, The building has great curb appeal with a sizable area for placement of a building monument sign, Large lot size with ample parking (68 spaces)

  • General Features
    • County Or Parish Los Angeles
    • Number Of Units Leased 38
    • Number Of Units Total 38
    • Year Built 2004
  • Building Features
    • Cooling Central Air
    • Heating Natural Gas
    • Laundry Features None
  • Property Features
    • Lot Features Lot Over 40000 Sqft
    • Lot Size Acres 1.05
    • Parking Total 68.00



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Market Last 30 Days

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Property History

Date Event Price Percent Change
-- Current Price Source New Value: $6,988,000
8/28/2019 8:47:44 PM Price Reduced Source New Value: $6,988,000 -0.14%
5/16/2019 12:19:00 PM New in Database Source New Value: $6,998,000

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Based on information from California Regional Multiple Listing Service, Inc. as of 10/22/2019 4:52:31 AM. 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.