UPDATED:
Key Details
Property Type Commercial
Sub Type Retail
Listing Status Active
Purchase Type For Sale
MLS Listing ID AR25250132
HOA Y/N No
Year Built 1946
Lot Size 1.306 Acres
Lot Dimensions Assessor
Property Sub-Type Retail
Property Description
Currently, the property houses a single-story car dealership and auto-body shop totaling ±9,389 SF, divided into several units. The anchor tenant, Lucy's Auto Dealership, occupies about 85% of the space (±8,000 SF), with the remaining area leased to an auto-body shop. The property includes expansive parking, adding further value to the investment.
The C3 zoning allows for a wide range of redevelopment options. Potential uses include mixed-use residential, retail and office spaces, community care facilities, assembly & entertainment venues, and more. A buyer may also consider subdividing the lot for residential development on one parcel while maintaining commercial use on another, or even redeveloping the site into a hotel. Buyers should conduct their own investigations with the city of El Monte to explore specific opportunities.
The property is strategically located along Valley Blvd, a major retail corridor in the west San Gabriel Valley, which is particularly popular among affluent Asian investors from China, Taiwan.
Location
State CA
County Los Angeles
Area 619 - El Monte
Zoning C3
Interior
Heating Wall Furnace
Cooling Wall/Window Unit(s)
Fireplace No
Laundry None
Exterior
Fence Wrought Iron
Utilities Available Cable Connected, Electricity Connected, Natural Gas Connected, Phone Available, Sewer Connected, Water Connected
Roof Type Flat
Present Use Commercial
Total Parking Spaces 100
Building
Lot Description Lot Over 40000 Sqft, Level, Near Public Transit, Rectangular Lot
Story 1
Water Public
Others
Tax ID 8565021006
Security Features Closed Circuit Camera(s),Carbon Monoxide Detector(s)
Acceptable Financing Cash, Cash to New Loan, Owner May Carry
Listing Terms Cash, Cash to New Loan, Owner May Carry
Special Listing Condition Standard
Lease Land No
Get More Information