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$ 7,500,000
Est. payment | /mo
25,285 SqFt
$ 7,500,000
Est. payment | /mo
25,285 SqFt
Key Details
Property Type Commercial
Sub Type Other
Listing Status Pending
Purchase Type For Sale
Square Footage 25,285 sqft
Price per Sqft $296
MLS Listing ID CL24421277
HOA Y/N No
Year Built 1979
Lot Size 1.043 Acres
Acres 1.04
Property Sub-Type Other
Property Description
The 25,285 square foot buildings house 28 units, of which 26 contain two bedrooms. Because El Monte is not subject to more restrictive local rent control laws, an owner can benefit from higher allowable annual rent increases under California AB 1482. The spacious lot totals more than one acre in size, offering a new owner the potential opportunity to add ADUs for a substantial increase in income (Buyer to verify). Located near the intersection of Ramona Boulevard and Peck Road, the property offers tenants access to several nearby shopping and dining destinations, including The Shops at Santa Anita, The Shops at Montebello, and Plaza West Covina. The neighboring San Gabriel Valley cities of Arcadia, Pasadena, Alhambra, Montebello, and West Covina each boast numerous employment and retail centers, which residents can easily access via the nearby 10 and 605 Freeways as well as the El Monte Metrolink Station.
Location
State CA
County Los Angeles
Zoning EMR3
Interior
Fireplace No
Building
New Construction No
Others
Tax ID 8567003043
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Listed by Roderick 'Rick' Raymundo • Marcus & Millichap
"My job is to find and attract mastery-based agents to the office, protect the culture, and make sure everyone is happy! "