216 W Santa Fe Ave

Investment Highlights

Mixed Use Residential & Commercial Center of Old Town Placentia downtown in the heart of massive gentrification project including Old Town Streetscape, Metro Hub, entertainment district Opportunity Zone. Commercial Business included in the sale. Add value. Increase rents or build 2 more stories add housing.

Executive Summary

Mixed Use Building in the heart of Old Town Placentia downtown. Add Value & Opportunity Zone. Mass area gentrification. Live, Work, Play! 6 residential & 1 commercial unit. Commercial Business included in sale. Additional income from business ownership. Laundromat: $66,770/mo. & 6 Residential Units: $86,940/mo. Total Income: $153,710. A unique opportunity to get in front of & be a part of a massive revitalization project which will completely transform this area to a one-of-a kind destination. Help shape the area w/ your own vision. Property is located directly in "ground zero" of the City of Placentia's multi faceted revitalization. New approved Metrolink Station & new 246 space multi level parking structure directly in the rear of the subject property. New Packing House District Plan & the New Old Town Placentia Revitalization Plan & Streetscape approved & in place. Once in a lifetime opportunity. City of Placentia description video https://youtu.be/QaZnOg3YeJA

• Sale Type    Investment NNN
• Property Type    Retail
• Property Subtype    Restaurant
• Building Size    7,520
• Building Class    B
• Year Built    1998
• Price    4,503,937
• Price Per SF    599
• Cap Rate    6.35
• NOI    286,000
• Tenancy    Single
• Building Height    1 Story
• Building FAR    0.10
• Land Acres    1.72 AC