1470 Monterey Pass Road

    Monterey Park, CA 91754
    • $1,880,000
    • STATUS: Active
    • ON SITE: 6 days
    • ID#: WS19241130
    New On Site 6 Days Ago
    UPDATED: 63 min ago
    $1,880,000
    • 0
      BEDS
    • 0.48
      ACRES
    • 0
      BATHS
    • 0
      1/2 BATHS
    • 8,482
      SQFT
    • $222
      $/SQFT
    Neighborhood:
    Type:
    Commercial
    Built:
    1964
    County:

    School Ratings & Info

    Description

    Priced almost for land value! Great for future development for owner user. Value-added opportunity! Rent is way below the market, some of the rent is lower than the warehouse rent. Great upside potential. Good Monterey Park location, lots of the development nearby. The city code indicated FAR is 65%. The title shows zoning is C-4. Only 5 units, easy to management. Newly paved parking lot. Please check with the City for develop into mix office and retails for partially owner uses. Easy access to 1-710, Atlantic Blvd and Garvey. Just by L.A. Corporate Center. One of the lowest entry-level investment in the area. Drive-by only, do not disturb business or tenants.

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    Based on information from California Regional Multiple Listing Service, Inc. as of 2019-10-18T18:39:28.257. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is deemed reliable but is not guaranteed accurate by the MLS or Crudo & Associates | Willis Allen Real EstateLa Jolla. Licensed in the State of California, USA.
    www.sdluxe.com/homes/99876415

    1470 Monterey Pass Road Monterey Park, CA 91754

    • Price: $1,880,000
    • Status: Active
    • Updated: 63 min ago
    • ID#: WS19241130
    0
    Beds
    0
    Baths
    0
    ½ Baths
    0.48
    Acres
    8,482
    SQFT
    $222
    $/SQFT
    1964
    Built
    Neighborhood:
    641 - Monterey Park
    County:
    Los Angeles
    Area:
    641 - Monterey Park
    Property Description
    Priced almost for land value! Great for future development for owner user. Value-added opportunity! Rent is way below the market, some of the rent is lower than the warehouse rent. Great upside potential. Good Monterey Park location, lots of the development nearby. The city code indicated FAR is 65%. The title shows zoning is C-4. Only 5 units, easy to management. Newly paved parking lot. Please check with the City for develop into mix office and retails for partially owner uses. Easy access to 1-710, Atlantic Blvd and Garvey. Just by L.A. Corporate Center. One of the lowest entry-level investment in the area. Drive-by only, do not disturb business or tenants.
    Exterior Features

    Construction Materials Stucco Lot Features Lot 20000-39999 SqftRectangular LotUtilities - OverheadValue In Land Lot Size Source Assessor Lot Size Units Square Feet

    Interior Features

    Condo Area Units Square Feet Heating Forced Air Heating YN Yes Laundry Features None

    Property Features

    Accounting Type Actual Additional Parcels YN No Asset Class Retail Building Area Units Square Feet Building Status Existing Business Type Food & BeverageLaundromatLiquor Store Country Us Gross Scheduled Income 53370.00 Investment Property YN Yes Land Use Retail Laundry YN No Leasable Area Units Square Feet Lease Considered YN No Lot Dimensions Source Assessor Max Total Area Units Square Feet Min Total Area Units Square Feet Net Operating Income 22820.00 Number Of Units Leased 5 Occupancy Occupied Operating Expense 30500.00 Property Sub Type Retail Retail Center Type Community/Specialty Special Listing Conditions Standard Water Source Public Year Built Source Assessor Zoning C-4

    Listing provided courtesy of Ellen Fu of Coldwell Banker George Realty and Steve Hayashi of Coldwell Banker George Realty


    Based on information from California Regional Multiple Listing Service, Inc. as of 2019-10-18T18:39:28.257. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is deemed reliable but is not guaranteed accurate by the MLS or Crudo & Associates | Willis Allen Real EstateLa Jolla. Licensed in the State of California, USA.
     
    Crudo & Associates | Willis Allen Real EstateLa Jolla
    1131 Wall St.
    La Jolla CA, 92037