Orange, Commercial for Sale – 15496 Magnolia St, Westminster, CA 92683, USA -001-11-30T00:00:00-08:00
* The subject property is located within the center of “Little Saigon” tourist and trade area. * Good mix and long term tenants. 2 restaurants, Liquor Store, laundry, T Mobile, Venus Spa / Medical, OC Community Service Centers, etc. * Land Area: 87,120 sq.ft
15496 Magnolia St, Westminster, CA 92683, USA
$10,995,000 USD
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Address15496 Magnolia Street, Westminster
Property SubtypeRetail
Price$10,995,000
Price Changed1.83% (-$205,000, 53 days ago)
Property TypeCommercial Sale
Year Built1968
Bedrooms Total0
Living Area26,900 ft2
Listing IDOC17003803
StatusActive
Parcel Number14306106
Special ConditionsStandard
Days on Market168

Detailed Description: * The subject property is located within the center of “Little Saigon” tourist and trade area. * Good mix and long term tenants. 2 restaurants, Liquor Store, laundry, T Mobile, Venus Spa / Medical, OC Community Service Centers, etc. * Land Area: 87,120 sq.ft * Total sq. Ft. For 2 buildings: 26,900 * CAP Rate: 5.30% * Actual income approx. $783,624 – Expenses including new property tax value $165,867 * Pro Forma CAP Rate: 5.75% * Conveniently located both Fwy 402 and 22 * Over 50,000 cars per day at the intersection of Magnolia St. And McFadden Ave. * APN: 143-06-106,143-06-107,143-06-108,143-06-111 Corner of Magnolia St. And McFadden Ave.


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Address Information
Address15496 Magnolia Street, Westminster
Street SuffixStreet
CityWestminster
Location (MLS Area)67 – S of Bolsa, E of Beach
County Or ParishOrange
State or ProvinceCA
Postal Code92683
Postal Code Plus46407
CountryUS
Financial Information
Price Changed-1.8304%
Previous Price$11,200,000
Price per Square Foot$408.74
Special ConditionsStandard
Tax Year2000
Full Descriptions
Parcel Number14306106
Detailed Description* The subject property is located within the center of “Little Saigon” tourist and trade area. * Good mix and long term tenants. 2 restaurants, Liquor Store, laundry, T Mobile, Venus Spa / Medical, OC Community Service Centers, etc. * Land Area: 87,120 sq.ft * Total sq. Ft. For 2 buildings: 26,900 * CAP Rate: 5.30% * Actual income approx. $783,624 – Expenses including new property tax value $165,867 * Pro Forma CAP Rate: 5.75% * Conveniently located both Fwy 402 and 22 * Over 50,000 cars per day at the intersection of Magnolia St. And McFadden Ave. * APN: 143-06-106,143-06-107,143-06-108,143-06-111 Corner of Magnolia St. And McFadden Ave.
Water SourcePublic
Property parameters
Year Built1968
Living Area (Sq.Ft.)26,900 ft2
Lot Size SourceAssessor
Number of Buildings2
Water SourcePublic
Land Usage DescriptionRetail
Property SubtypeRetail
Building StatusExisting
Listed withSteven Doan (Realty One Group Inc)