10962 Main St
26,762 SF 100% Leased Office Building El Monte, CA 91731 $5,800,000 ($216.73/SF) 8.38% Cap Rate
INVESTMENT HIGHLIGHTS
- 3 Parcels
- Corner Lot
- Renovated 2020
- Near City Public Parking
- Media, Office, Retail and Restaurant Use
EXECUTIVE SUMMARY
Remax 2000 Commercial is offering a office property located in the Downtown El Monte District. The property was built in 1951 and
renovated in 2020 with building permits to accommodate the current tenant. The current tenant has different businesses within the building. The lease will end, and the tenant would like to renew their lease. Owner has left it so that a new owner can decided the what they would like to do. Resign or use the property. The property has its own parking lots and there is City Public Parking to allow for
additional parking. Near the property is Chase Bank, County Court House and regional and local name brand businesses to serve the community. Bus and Metro Station within walking distance.
renovated in 2020 with building permits to accommodate the current tenant. The current tenant has different businesses within the building. The lease will end, and the tenant would like to renew their lease. Owner has left it so that a new owner can decided the what they would like to do. Resign or use the property. The property has its own parking lots and there is City Public Parking to allow for
additional parking. Near the property is Chase Bank, County Court House and regional and local name brand businesses to serve the community. Bus and Metro Station within walking distance.
FINANCIAL SUMMARY (ACTUAL - 2024) |
ANNUAL | ANNUAL PER SF |
|---|---|---|
| Gross Rental Income |
$562,911
|
$21.03
|
| Other Income |
-
|
-
|
| Vacancy Loss |
-
|
-
|
| Effective Gross Income |
$562,911
|
$21.03
|
| Taxes |
-
|
-
|
| Operating Expenses |
-
|
-
|
| Total Expenses |
$77,000
|
$2.88
|
| Net Operating Income |
$485,911
|
$18.16
|
PROPERTY FACTS
Sale Type
Investment or Owner User
Property Type
Building Size
26,762 SF
Building Class
B
Year Built/Renovated
1951/2020
Price
$5,800,000
Price Per SF
$216.73
Cap Rate
8.38%
NOI
$485,911
Percent Leased
100%
Tenancy
Multiple
Building Height
2 Stories
Typical Floor Size
13,381 SF
Building FAR
0.93
Lot Size
0.66 AC
Zoning
EMC2 - Specific Plan 4 -Downtown Main Street Specific Plan
Parking
34 Spaces (1.27 Spaces per 1,000 SF Leased)
1 of 1
Walk Score®
Very Walkable (89)
Transit Score®
Excellent Transit (70)
Bike Score®
Very Bikeable (78)
PROPERTY TAXES
| Parcel Numbers | Improvements Assessment | $1,214,252 | |
| Land Assessment | $2,231,030 | Total Assessment | $3,445,282 |
