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23266610
23266619

6901 Walker St, La Palma, CA 90623

SS
CA 01868195
Compass
Listed by Compass
$10,995,000
394 days on market
Updated 8 days ago

6901 Walker St.

Details
APN 276-072-08 and 276-072-15
Property Type Land, Retail (+1)
Sub Type Commercial, Residential (+1)
Square Footage 9,700
Net Rentable (SqFt) 9,700
Units 1
NOI $240,000
Occupancy 100%
Tenancy Single
Lease Options Current Tenant is Month to Month
Class B
Year Built 2004
Year Renovated 2004
Buildings 1
Stories 1
Acreage 1.670
Zoning B1 / Mixed Used / FO
Parking Spaces 102 spaces
Parking Per SqFt 10.52
Investment Type Redevelopment

1.2 Acre Redevelopment Site for Sale in La Palma CA

Marketing description

This freestanding commercial property offers a prime opportunity for redevelopment into a mixed-use residential community. The B-1 zoning allows for a combination of residential, office, and commercial uses, aligning with the city's vision for high-quality, high-density housing that caters to diverse income levels. It can also be utilized as it is currently a fully built-out restaurant. Tenant is month to month and, per the Seller, the property can be delivered 100% vacant. The B-1 Mixed-Use Business zoning district is designed to promote the development of high-quality, high-density housing that is affordable to households of all income ranges. This zoning flexibility allows for innovative land design and diversification, making it ideal for a mixed-use development comprising residential units, retail spaces, and possibly office components. Given the property's substantial lot size and strategic location, a redevelopment project could significantly contribute to the city's housing goals while providing modern amenities to the community.

Lot Size: Approximately 1.67 acres or two parcels totaling approximately 72,745 SF

Building Size: 9,700 SF (Single-story, built in 2004)

Zoning: B-1 (Mixed-Use Business) with Freeway Overlay (FO)

Parking: 102 spaces (approx. 10 spaces per 1,000 SF)

Frontage: 168 feet on Walker Street

Investment highlights

Lot Size: Approximately 1.2 acres

Building Size: 9,700 SF (Single-story, built in 2004)

Zoning: B-1 (Mixed-Use Business) with Freeway Overlay (FO)

Parking: 102 spaces (approx. 10 spaces per 1,000 SF)

Frontage: 168 feet on Walker Street

Listing Contacts

SS
CA 01868195
Compass
Listed by Compass

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Loan Amount
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Annual Debt Service
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Annual Cash Flow
$240,000.00
$20,000.00/mo

Valuation Metrics

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DSCR
2.18%
Cap Rate
2.18%
ROI

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