$2,900,000
SOLD MAY 29, 2025
0.85 Acre
$3,411,765 Price per Acre
37,026 Sq Ft Lot

Recently Sold

35% Below List Price

271 Days on Market

About This Lot

As of May 2025

A premier redevelopment opportunity located close to Disneyland, Disney Resort District, Anaheim Convention Center, numerous hotels, restaurants/night life, attractions, and the 5 Freeway. The aggregate total square footage of the two buildings is approximately 3,851 with the lot size 37,026-square feet. This offering represents an excellent opportunity for a retail, medical, developer, owner/user/investor to purchase a highly visible property situated at the four-way signalized intersection of Anaheim Boulevard and Cerritos Avenue.The property is located across from the Anaheim Marketplace, Bravo Night Club, and surrounded by newly developed luxury condos to the south, brand-new luxury apartment buildings to the north, and very short distance to The Viv Hotel and 5 Freeway (0.2 miles). The seller has received offers over the past few years from national retailers to lease the site, however, they wanted to continue operating the liquor store business, leasing the property to the existing tenants, and collecting parking fees from the sports arena located across the street. Three tenants occupy the premises which include Stadium Liquor, George’s Best Burgers, and a recycling company which occupies 250 square feet of land located behind the liquor store. The longest lease on the premises expires in roughly 3.5 years (potentially shorter), sufficient time for a developer to plan for redevelopment of the property. Please contact Brett Cervantes for an Offering Memorandum/rent roll.Originally built in 1930, the buildings are constructed of wood frame and stucco, offers restrooms in each building, and is zoned “T” (Transitional), which allows for many uses including medical office, retail, general commercial, multi-family/residential, etc. Please contact city of Anaheim Planning Department for permitted uses. The traffic counts are approximately 29,507 vehicles per day (2018). By freeway, the property can be accessed by taking the 5 Freeway exiting on Ball Road or Katella Avenue.

Last Agent to Sell the Property

Brett Cervantes

Kott & Company, Inc. Brokerage Email: brettcervantesrealtor@gmail.com License #01499474 Listed on: 08/03/2024

Last Buyer's Agent

Brett Cervantes

Kott & Company, Inc. Brokerage Email: brettcervantesrealtor@gmail.com License #01499474 Listed on: 08/03/2024

Property Details

Property Type

  • Land

Est. Annual Taxes

  • $12,796

Lot Details

  • 0.85 Acre Lot
  • Density is 11-15 Units/Acre
  • Property is zoned “T” Transitional Zoning A

Community Details

  • No Home Owners Association

Listing and Financial Details

  • Assessor Parcel Number 08218546
  • $2,982 per year additional tax assessments

Property Details

Property Type

Land

Est. Annual Taxes

$12,796

Lot Details

0

Listing Details

  • Subdivision Name Other: Unknown
  • View: No
  • Zoning: “T” Transitional Zoning A
  • Property Type: Land
  • Parcel Number: 08218546
  • Special Features: None
  • Property Sub Type: LotsLands

Interior Features

  • Price Per Square Foot: 78.32

Utilities

  • Water Source: Public

Condo/Co-op/Association

  • Association: No
  • Senior Community: No
  • Community Features: Curbs, Sidewalks, Storm Drains

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: 11-15 Units/Acre, 16-20 Units/Acre, 21-25 Units/Acre, 26-30 Units/Acre
  • Lot Size Sq Ft: 37026.00
  • Lot Size Acres: 0.8500

Multi Family

  • Lot Size Area: 37026.0000 Square Feet

Tax Info

  • Tax Census Tract: 874.03
  • TaxOtherAnnualAssessmentAmount: 2982.00

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Jan 17, 2025
Sold by
Masoumeh Moussavi Nejad Revocable Trust and Nejad Masoumeh Moussavi
Bought by
Lbco Usa Llc
Current Estimated Value
$2,335,414

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$2,300,000
Outstanding Balance
$2,285,820
Interest Rate
6.72%
Mortgage Type
New Conventional
Estimated Equity
$49,594

Purchase Details

Closed on
Oct 16, 2020
Sold by
Moussavi Masoumeh and Nejad Masoumeh Moussavi
Bought by
Masoumeh Moussavi Nejad Revocable Trust and Nejad

Purchase Details

Closed on
Sep 9, 2011
Sold by
Moussavi Ahmad and Moussavi Masoumeh
Bought by
Moussavi Ahmad and Moussavi Masoumeh

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$100,000
Interest Rate
4.37%
Mortgage Type
Commercial

Purchase Details

Closed on
Nov 11, 2010
Sold by
Moussavi Ahmad and Jafari Masoumeh
Bought by
Moussavi Ahmad and Jafari Masoumeh

Purchase Details

Closed on
May 27, 2009
Sold by
Moussavi Ahmad and Jafari Masoumeh
Bought by
Moussavi Ahmad and Jafari Masoumeh

Purchase Details

Closed on
Jun 1, 2001
Sold by
Spencer Thomas L and Spencer Thomas
Bought by
Spencer Investment Lc

Purchase Details

Closed on
May 10, 2001
Sold by
Spencer Thelma
Bought by
Spencer Thelma and Cannon Sandra Dee

Purchase Details

Closed on
Aug 28, 2000
Sold by
Bannister Faye P
Bought by
Moussavi Ahmad and Jafari Masoumeh

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$400,000
Interest Rate
7.26%
Mortgage Type
Commercial
Source: Public Records

Range of Values:

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List Price
Sold Price
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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Purchase History

Date Type Sale Price Title Company
Grant Deed $2,900,000 Fidelity National Title
Trustee Deed -- None Listed On Document
Interfamily Deed Transfer -- Civic Center Title Services
Interfamily Deed Transfer -- None Available
Interfamily Deed Transfer -- None Available
Grant Deed -- First American Title Co
Interfamily Deed Transfer -- First American Title Co
Grant Deed $600,000 First American Title Co
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Open $2,300,000 New Conventional
Previous Owner $100,000 Commercial
Previous Owner $400,000 Commercial
Previous Owner $41,308 Commercial
Previous Owner $400,000 Commercial
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
05/29/2025 05/29/25 Sold $2,900,000 -34.7% --
08/03/2024 08/03/24 For Sale $4,444,000 -- --
Source: California Regional Multiple Listing Service (CRMLS)

Tax History Compared to Growth

Source: Public Records

Tax History

Year Tax Paid Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. Land Improvement
2025 $12,796 $900,732 $824,341 $76,391
2024 $12,796 $883,071 $808,177 $74,894
2023 $12,495 $865,756 $792,330 $73,426
2022 $12,296 $848,781 $776,794 $71,987
2021 $12,289 $832,139 $761,563 $70,576
2020 $12,222 $823,607 $753,754 $69,853
2019 $11,921 $807,458 $738,974 $68,484
2018 $11,695 $791,626 $724,484 $67,142
2017 $11,292 $776,104 $710,278 $65,826
2016 $11,241 $760,887 $696,351 $64,536
2015 $11,129 $749,458 $685,891 $63,567
2014 $10,529 $734,778 $672,456 $62,322
Source: Public Records

Agents Affiliated with this Home

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: PW24160179

California Regional Multiple Listing Service (CRMLS)

APN: 082-185-46