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$1,999,000
Est. payment /mo
0.28 Acres Lot
UPDATED:
09/30/2024 06:51 PM
Key Details
Property Type Commercial
Sub Type Mixed Use
Listing Status Active
Purchase Type For Sale
MLS Listing ID AR24142125
HOA Y/N No
Year Built 1935
Lot Size 0.278 Acres
Property Description
Presenting a rare opportunity to acquire a prime El Monte property featuring multi use zoning adaptable to a variety of uses. Conveniently Located in the Park El Monte neighborhood, this large, highly visible corner lot is perfect for use as an automobile dealership and has one of the last city of El Monte conditional use permits for automotive use grandfathered into the sale. The property is situated on a 12,115 Sq Foot lot and features a 3,576 Sq Foot 3 Bedroom, I Bathroom home (built in 1935) as well as two concrete block repair bays currently being leased by an auto repair business and a smog station. The back portion of the property was constructed less than twenty years ago. The property currently has three income generating tenants in place, all on short term month-to-month leases. Property features exposed egress and ingress with multiple access points.
This is an excellent long-term investment opportunity located in an up-and-coming section of Garvey Avenue. High traffic count exceeds 40,000 cars a day. High Walk and transit scores with public transportation, restaurants located nearby. Easy Freeway access. The information provided is deemed reliable but not guaranteed. Prospective buyer is responsible for all diligence and property investigations. Please do not walk property or disturb tenants.
This is an excellent long-term investment opportunity located in an up-and-coming section of Garvey Avenue. High traffic count exceeds 40,000 cars a day. High Walk and transit scores with public transportation, restaurants located nearby. Easy Freeway access. The information provided is deemed reliable but not guaranteed. Prospective buyer is responsible for all diligence and property investigations. Please do not walk property or disturb tenants.
Location
State CA
County Los Angeles
Area 619 - El Monte
Interior
Fireplace No
Laundry None
Building
Lot Description 2-5 Units/Acre
Story 1
Water Public
Others
Tax ID 8581017001
Special Listing Condition Standard
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Listed by Nicholas Borrelli • Coldwell Banker George Realty • 626-484-7975
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