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1950 S Atlantic Blvd

5,583 SF Retail Building Monterey Park, CA $2,980,000 ($534/SF) 6.14% Cap Rate

Investment Highlights

  • Fee Simple
  • FAR 50%
  • Situated near ELAC with convenient freeway access

Executive Summary

Ideal for owner/user. Property is in a prime location close to college and shopping centers. The subject property has a daily traffic count of 29,000+ vehicles located near the 60 & 710 freeways, and only 7 miles away from Los Angeles. The subject property was previously a large restaurant for many years and now has the ability to be divided into 2 units. .

Property Facts

Sale Type
Sale Condition
Property Type
Property Subtype
Building Size
Sale Type
Sale Condition
Property Type
Property Subtype
Building Size
Building Class
Year Built
Price
Sale Type
Sale Condition
Property Type
Property Subtype
Building Size
Building Class
Year Built
Price
Price Per SF
Cap Rate
Year-1 NOI
Tenancy
Building Height
Building FAR
Land Acres
Investment or Owner User
1031 Exchange
Retail
Freestanding
5,583 SF
Investment or Owner User
1031 Exchange
Retail
Freestanding
5,583 SF
C
1977
$2,980,000
Investment or Owner User
1031 Exchange
Retail
Freestanding
5,583 SF
C
1977
$2,980,000
$534
6.14%
$182,972
Single
1 Story
0.40
0.32 AC
Building Class
Year Built
Price
Price Per SF
Cap Rate
Price Per SF
Cap Rate
Year-1 NOI
Tenancy
Building Height
Building FAR
Land Acres
C
1977
$2,980,000
$534
6.14%
$534
6.14%
$182,972
Single
1 Story
0.40
0.32 AC
Year-1 NOI
Tenancy
Building Height
Building FAR
Land Acres
$182,972
Single
1 Story
0.40
0.32 AC
Zoning
Parking
Opportunity Zone
(S-C)
22 Spaces (3.94 Spaces per 1,000 SF Leased)
No

Amenities

  • Tenant Controlled HVAC
  • Drive Thru
  • Air Conditioning
  • Listing ID: 18670606
  • Date Created: 5/8/2018
  • Last Updated:

zoning

Zoning Code (S-C)

About 1950 S Atlantic Blvd , Monterey Park, CA 91754

Located near the prestigious community of Brightwood Hills and the largest commercial district in Monterey Park. Many national brands nearby including Starbucks, McDonald's, Bank of America, Chipotle, Ralphs, CVS, Boston Market, Baskin Robbins, FedEx, and Walgreens. Regional brand favorites nearby include The Hat and Cook’s Tortas. Property is within walking distance to East LA College. Easy access to 60 and 710 Freeways. Daily traffic count of 29,200 vpd. Freestanding retail building constructed in 1977. Convenient access to 60 and 710 freeway. Owner-User may qualify for an SBA loan.

Attachments

Flyer
Walk Score ®
Very Walkable (80)
What is a Walk Score®, Transit Score® & Bike Score®?
Walk Score® measures the walkability of any address.
Transit Score® measures access to public transit.
Bike Score® measures bikeability of a location.
What is a Walk Score®
, Transit Score® & Bike Score?
Walk Score® measures the walkability
of any address. Transit Score®
measures access to public transit. Bike Score®
measures bikeability of a location.®

Nearby Major Retailers

Traffic

Collection Street Cross Street Traffic Volume Year Distance
S Atlantic Blvd Brightwood St, SW 28,588 2018 0.09 mi
Brightwood St Sunrise Dr, E 4,692 2018 0.18 mi
W Riggin St Bradshawe Ave, E 9,457 2018 0.34 mi
S Atlantic Blvd W Riggin St, NE 36,178 2018 0.40 mi
W el Repetto Dr Piedra Way, E 1,978 2018 0.40 mi
Findlay Ave W Markland Dr, N 4,871 2018 0.47 mi
W Riggin St Ferdinand Ave, E 9,573 2018 0.47 mi
S Atlantic Blvd 1st St, SW 34,663 2018 0.48 mi
Ave Cesar Chavez Schoolside Ave, E 13,961 2018 0.54 mi
Pomona Fwy Gerhart Ave, E 261,984 2018 0.61 mi

Transportation

Transit/Subway

Atlantic Transit Stop
Los Angeles County Metropolitan Transportation Authority
Gold Line
20 min walk 1.0 mi

Commuter Rail

Montebello/Commerce Commuter Rail (Riverside Line)
Southern California Regional Rail Authority (Metrolink)
Riverside Line
8 min drive 3.4 mi

airplane iconAirport

Long Beach-Daugherty Field Airport
30 min drive 19.3 mi
Los Angeles International Airport
32 min drive 21.4 mi
Bob Hope Airport
32 min drive 22.8 mi

PROPERTY TAXES

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