Auto Dealership For Sale | 3015 Sastre Ave
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Auto Dealership For Sale 3015 Sastre Ave
4,433 SF 100% Leased Retail Building El Monte, CA 91733 $1,999,000 ($451/SF) 3.48% Cap Rate
Investment Highlights
- Large lot has one of the last conditional use permits for automotive use grandfathered in, no CUP required
- Located in an in an up-and-coming section of Garvey Avenue primed for re-gentrification. High traffic count exceeds 40,000 cars a day
- Back portion of property constructed in the last 15 years
- Property has multi use zoning adaptable to a variety of uses
- Property currently has three income generating tenants in place, all on short term month-to-month leases.
- Highly visible corner lot has exposed egress and ingress with multiple access points. Excellent long-term investment opportunity
Executive Summary
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 grandfather
ed 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 primed for re-gentrification.
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.
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 grandfather
ed 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 primed for re-gentrification.
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.
Property Facts
Sale Type
Investment
Property Type
Retail
Property Subtype
Auto Dealership
Building Size
4,433 SF
Building Class
C
Year Built
1936
Price
$1,999,000
Price Per SF
$451
Cap Rate
3.48%
NOI
$69,565
Percent Leased
100%
Tenancy
Multiple
Building Height
1 Story
Building FAR
0.36
Lot Size
0.28 AC
Zoning
MMU - Mixed/Multiuse
Parking
22 Spaces (4.96 Spaces per 1,000 SF Leased)
Amenities
- 24 Hour Access
- Bus Line
Walk Score®
Very Walkable (77)
Nearby Major Retailers
PROPERTY TAXES
| Parcel Number | 8581-017-001 | Improvements Assessment | $405,756 |
| Land Assessment | $1,050,804 | Total Assessment | $1,456,560 |
PROPERTY TAXES
Parcel Number
8581-017-001
Land Assessment
$1,050,804
Improvements Assessment
$405,756
Total Assessment
$1,456,560
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Auto Dealership For Sale | 3015 Sastre Ave
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