First time on Market. Fantastic mixed-use property located at a prime location in Monterey Park, CA. Sale includes 2 parcels, APN: 5258-005-058 & 059 with 3 physical addresses: 825 (Ted’s Liquor currently vacant with liquor license worth $100k, market rent $7,000), 835 (9-unit Apartment 100%
occupied with below-market rents total rents approximately $11,000), and 849 (Jim’s VW Auto will be vacant at close of escrow market rent
$7,000). Tax record shows property building square footage is approximately 9,351sf. Total lot area for both parcels is 34,387sf. Property can also be sold separately. You can own an entire block of commercial space in this affluent neighborhood. Ideal for mix-used development
with Floor area ratio up to 2.5 percent. Buyer to verify with the city. Daily vehicle traffic around 28,000 vpd. Gross Market Rent Approximately $300,000 annually.
The City of Monterey Park Voted #3 in the U.S. by Time Inc’s Money Magazine “Best Places to Live 2017”!!! A suburb 8 miles east of Downtown
LA, Monterey Park is a transportation hub between the 10, 60, and 710 freeways; an educational hub with a great school district and
higher learning institutions like USC, Caltech, and Cal State LA nearby; a cultural hub with a diverse community; and a “foodie haven”.
Total population of , which has changed by % since 1990.
The median age of the population is , while the median
age of dwellings is .
Out of households, are families.