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.
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Listing information last updated on November 26th, 2020 at 2:30am PST.
Based on information from California Regional Multiple Listing Service, Inc. as of November 26th, 2020 at 2:31am PST. 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.