Rare Commercial Building in Atlantic Blvd. | 751-755 S Atlantic Blvd
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Rare Commercial Building in Atlantic Blvd. 751-755 S Atlantic Blvd
2,500 SF 100% Leased Retail Building Monterey Park, CA 91754 $1,100,000 ($440/SF)
Investment Highlights
- Rare Commercial Building in Atlantic Boulevard
- This is a great owner-user opportunity
- The property is ideally located on a main artery close to both the 10 and 60 freeways with many surrounding retail amenities.
Executive Summary
For sale is a commercial building located on Atlantic Blvd just south of Garvey Ave. This is a rare opportunity to own a 2,500 square-foot
building on a parcel of 6,014 square feet per the county assessor in Monterey Park. Currently, the building is split into three units. The
property is ideally located on a main artery close to both the 10 and 60 freeways with many surrounding retail amenities.
This is a great owner-user opportunity. An owner can occupy the current vacant space or even the entire building as all tenants are on
month-to-month leases. The property is in the C-P (commercial –professional) zoning which allows for a variety of uses. This is perfect
for a professional service firm such as insurance, law office, real estate or CPA firm. It is also good for medical or dental use depending upon how much space is occupied for that use.
This is also a great investment opportunity. An investor could add value to their property by raising rents with the current tenants and/or
re-tenanting the property and raising rents. The roof was recently re-done and one of the HVAC units was replaced.
building on a parcel of 6,014 square feet per the county assessor in Monterey Park. Currently, the building is split into three units. The
property is ideally located on a main artery close to both the 10 and 60 freeways with many surrounding retail amenities.
This is a great owner-user opportunity. An owner can occupy the current vacant space or even the entire building as all tenants are on
month-to-month leases. The property is in the C-P (commercial –professional) zoning which allows for a variety of uses. This is perfect
for a professional service firm such as insurance, law office, real estate or CPA firm. It is also good for medical or dental use depending upon how much space is occupied for that use.
This is also a great investment opportunity. An investor could add value to their property by raising rents with the current tenants and/or
re-tenanting the property and raising rents. The roof was recently re-done and one of the HVAC units was replaced.
Property Facts
Sale Type
Investment or Owner User
Property Type
Retail
Property Subtype
Storefront Retail/Office
Building Size
2,500 SF
Building Class
C
Year Built
1964
Price
$1,100,000
Price Per SF
$440
Percent Leased
100%
Tenancy
Multiple
Building Height
1 Story
Building FAR
0.41
Lot Size
0.14 AC
Zoning
C4, Monterey Park - Commerical
Parking
30 Spaces (12 Spaces per 1,000 SF Leased)
Frontage
50 FT on S Atlantic
Amenities
- Bus Line
MAJOR TENANTS
- Tenant
- Industry
- SF OCCUPIED
- RENT/SF
- Lease Type
- Lease End
- All Phone World
- -
- -
- -
- Modified Gross
- -
- Lao Association
- -
- -
- -
- Modified Gross
- -
| Tenant | Industry | SF OCCUPIED | RENT/SF | Lease Type | Lease End | |
| All Phone World | - | - | - | Modified Gross | - | |
| Lao Association | - | - | - | Modified Gross | - |
Walk Score ®
Very Walkable (70)
Nearby Major Retailers
PROPERTY TAXES
| Parcel Number | 5253-002-024 | Improvements Assessment | $262,473 |
| Land Assessment | $393,711 | Total Assessment | $656,184 |
PROPERTY TAXES
Parcel Number
5253-002-024
Land Assessment
$393,711
Improvements Assessment
$262,473
Total Assessment
$656,184
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Rare Commercial Building in Atlantic Blvd. | 751-755 S Atlantic Blvd
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