218-236 E Anaheim St
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218-236 E Anaheim St
8,104 SF 100% Leased Retail Building Wilmington, CA 90744 $2,350,000 ($290/SF)
Investment Highlights
- Heavy foot Traffic
- Newly renovated roof
- Heavy Car Traffic
- Newly renovated parking lot
Executive Summary
Presenting a prime value-add investment opportunity at 218-236 E Anaheim St, Wilmington—a fully leased strip center with under-market rents and short-term leases, ideal for strategic repositioning. Situated near the Port of Los Angeles, the nation’s busiest container port, this property benefits from significant economic activity and infrastructure investments in the area.
Recent developments include the opening of the $77.3 million Wilmington Waterfront Promenade, enhancing public access and community engagement (Port of Los Angeles). Additionally, the Port has been awarded a $412 million grant from the U.S. Environmental Protection Agency to support zero-emission initiatives, reflecting a commitment to sustainable growth (Port of Los Angeles).
The property’s strategic location offers tenants seamless connectivity to major transportation routes, aligning with the dynamic commercial real estate landscape of Greater Los Angeles. This investment presents a compelling opportunity to capitalize on the area’s ongoing transformation and economic vitality.
Recent developments include the opening of the $77.3 million Wilmington Waterfront Promenade, enhancing public access and community engagement (Port of Los Angeles). Additionally, the Port has been awarded a $412 million grant from the U.S. Environmental Protection Agency to support zero-emission initiatives, reflecting a commitment to sustainable growth (Port of Los Angeles).
The property’s strategic location offers tenants seamless connectivity to major transportation routes, aligning with the dynamic commercial real estate landscape of Greater Los Angeles. This investment presents a compelling opportunity to capitalize on the area’s ongoing transformation and economic vitality.
Property Facts
Sale Type
Investment or Owner User
Property Type
Retail
Property Subtype
Building Size
8,104 SF
Building Class
C
Year Built
1924
Price
$2,350,000
Price Per SF
$290
Percent Leased
100%
Tenancy
Multiple
Building Height
1 Story
Building FAR
0.43
Lot Size
0.43 AC
Opportunity Zone
Yes
Zoning
C2, Los Angeles
Parking
31 Spaces (3.83 Spaces per 1,000 SF Leased)
Amenities
- Bus Line
Walk Score ®
Very Walkable (86)
Bike Score ®
Very Bikeable (89)
Nearby Major Retailers
PROPERTY TAXES
| Parcel Number | 7423-012-004 | Improvements Assessment | $27,866 |
| Land Assessment | $515,739 | Total Assessment | $543,605 |
PROPERTY TAXES
Parcel Number
7423-012-004
Land Assessment
$515,739
Improvements Assessment
$27,866
Total Assessment
$543,605
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218-236 E Anaheim St
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