11747 Valley Blvd 4,750 SF Office Building El Monte, CA 91732 $4,100,000 ($863.16/SF) 2.60% Cap Rate

Marcus & Millichap Real Estate Investment Services is pleased to present an extremely unique opportunity to acquire a redevelopment/value-added investment with existing cashflow. This asset has significant upside through leasing the vacant spaces (27%) & improved management. This El Monte redevelopment opportunity consists of approximately ±1.17 acres consisting of two parcels. The property is rectangular and offer approximately 155 feet of frontage on Valley Boulevard. To either side of the property are commercial properties and to rear of the property is residential. The property is currently being utilized for commercial vehicle parking/storage and has a 3,900 square office building with three tenants. All the existing tenants are on a monthly basis. This opportunity is an ideal covered land play as the property produces income while a developer goes through the entitlement process. The zoning of the property is C-3, Commercial, El Monte which will allow for various commercial developments and possibly mixed-use/residential developments. Please see enclosed El Monte municipal Code Title for zoning applications. Also, the property could be an owner/user opportunity for various applications.
The City of El Monte is located approximately 12 miles east of downtown Los Angeles. El Monte is considered the hub of the San Gabriel Valley where two major freeways, Interstates 10 and 605 intersect. The City is the 9th largest city out of 88 in Los Angeles County with a population of approximately 120,000. The land uses within its 10 square mile area are 58% residential, 11% retail, 10% industrial, 7% office/retail, and 14% other amenities.
El Monte has maintained a reputation for a “business friendly attitude” by attracting commercial and retail businesses as well as international corporations through it Foreign Trade Zone. El Monte is also home to Longo Toyota, the number one auto dealer in the United States by sales and volume. Other major retail businesses include Home Depot, Sam’s Club, and Sears Essentials. Major industries include the Von’s Distribution Warehouse, Wells Fargo Operations Center, and regional offices for East West and Cathay Banks.