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MOUNTAIN VIEW PLACE 2357 Durfee Ave 8,225 SF 100% Leased Retail Building El Monte, CA 91732 $4,800,000 ($583.59/SF) 6.04% Cap Rate
Investment Highlights
- 28,749 Sqft Lot - Mixed-Use Project - Ready to build 4-story development with 26 units and 4 units of commercial
Executive Summary
Prime Developer & Investor Opportunity – Fully Approved Mixed-Use Project
Exceptional corner lot in a highly desirable El Monte location, ideal for owner-user, investment, or immediate development. This securely gated property includes one free-standing warehouse and two residential homes, all remodeled in 2017 with newer A/C systems and fresh interior/exterior paint. Current Improvements & Income:
2349 Durfee Ave. – Free-standing warehouse suitable for retail or office use
2357 Durfee Ave. – Updated 2-story home, fully rented month-to-month by two tenants
12242 Klingerman St. – 2 bed / 1 bath SFR with attached 2-car garage, All tenants are long-term, month-to-month, pay on time
Development Highlights:
Fully Approved Mixed-Use Project. Ready to Build. Approved for a 4-story development featuring 26 residential units and 4 commercial units
(Paid plans included) Fantastic opportunity to secure a turn-key development site with existing income in a strong, centralized El Monte location. Call Listing Agent 626-321-1410 for full plans and details.
Exceptional corner lot in a highly desirable El Monte location, ideal for owner-user, investment, or immediate development. This securely gated property includes one free-standing warehouse and two residential homes, all remodeled in 2017 with newer A/C systems and fresh interior/exterior paint. Current Improvements & Income:
2349 Durfee Ave. – Free-standing warehouse suitable for retail or office use
2357 Durfee Ave. – Updated 2-story home, fully rented month-to-month by two tenants
12242 Klingerman St. – 2 bed / 1 bath SFR with attached 2-car garage, All tenants are long-term, month-to-month, pay on time
Development Highlights:
Fully Approved Mixed-Use Project. Ready to Build. Approved for a 4-story development featuring 26 residential units and 4 commercial units
(Paid plans included) Fantastic opportunity to secure a turn-key development site with existing income in a strong, centralized El Monte location. Call Listing Agent 626-321-1410 for full plans and details.
Data Room Click Here to Access
- Offering Memorandum
Property Facts
Sale Type
Investment
Sale Conditions
Property Type
Retail
Property Subtype
Storefront Retail/Residential
Building Size
8,225 SF
Building Class
B
Year Built
1952
Price
$4,800,000
Price Per SF
$583.59
Cap Rate
6.04%
NOI
$290,000
Percent Leased
100%
Tenancy
Multiple
Building Height
1 Story
Building FAR
0.29
Lot Size
0.66 AC
Zoning
MMU - Mixed/Multi-use
Parking
8 Spaces (0.97 Spaces per 1,000 SF Leased)
Frontage
Amenities
- Corner Lot
- Fenced Lot
- Air Conditioning
Walk Score®
Very Walkable (74)
Nearby Major Retailers
Property Taxes
| Parcel Number | 8107-017-002 | Improvements Assessment | $227,563 |
| Land Assessment | $1,592,958 | Total Assessment | $1,820,521 |
Property Taxes
Parcel Number
8107-017-002
Land Assessment
$1,592,958
Improvements Assessment
$227,563
Total Assessment
$1,820,521
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MOUNTAIN VIEW PLACE | 2357 Durfee Ave
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