Multi-Family
616 N New Ave
616 N New Ave, Monterey Park, CA 91755
Listing Price: Request For Offer
Investment Overview
Marcus & Millichap is pleased to present the opportunity to purchase 616 N New Avenue & 1110 E Hellman Avenue, a 0.71-acre in?ll development site located in Monterey Park, California, on a compelling location on the southeast corner of New Avenue and Hellman Avenue. The offering provides the opportunity to build commercial property by-right or multifamily through Assembly Bill 2011 with the potential to maximize the number of units through the State Density Bonus. The Site is ideally located in Monterey Park, the gateway to the San Gabriel Valley, and is adjacent to the cities of Alhambra, San Gabriel, and Rosemead. The property offers easy access to the 10, 60, and 710 freeways, providing ease of access to neighboring cities with easy access to Downtown Los Angeles, located less than 8 miles away. 616 N New Avenue is within walking distance of a major bus stop within a half mile away, providing easy access to major employment centers.
616 N New Ave
Investment Highlights
- Less than 0.5 Miles to the Metro Bus Line 70 - Connecting El Monte to Downtown Los Angeles.
- Excellent Proximity to Alhambra, San Gabriel, Rosemead, Pasadena, and Downtown Los Angeles.
- Potential to Develop Mixed-Income or 100% Affordable Housing Community with AB 2011.
- Located within High Resource Area along a Desirable Commercial Corridor.
- Adjacent to L.A. Downtown Medical Center – Ingleside Campus.
- Easy Access to the 10 Freeway.
- Less than 4 Miles to East Los Angeles College.
Exclusively Listed By
Financing By
Listing Price: Request For Offer
Investment Highlights
- Less than 0.5 Miles to the Metro Bus Line 70 - Connecting El Monte to Downtown Los Angeles.
- Excellent Proximity to Alhambra, San Gabriel, Rosemead, Pasadena, and Downtown Los Angeles.
- Potential to Develop Mixed-Income or 100% Affordable Housing Community with AB 2011.
- Located within High Resource Area along a Desirable Commercial Corridor.
- Adjacent to L.A. Downtown Medical Center – Ingleside Campus.
- Easy Access to the 10 Freeway.
- Less than 4 Miles to East Los Angeles College.
Investment Overview
Marcus & Millichap is pleased to present the opportunity to purchase 616 N New Avenue & 1110 E Hellman Avenue, a 0.71-acre in?ll development site located in Monterey Park, California, on a compelling location on the southeast corner of New Avenue and Hellman Avenue. The offering provides the opportunity to build commercial property by-right or multifamily through Assembly Bill 2011 with the potential to maximize the number of units through the State Density Bonus. The Site is ideally located in Monterey Park, the gateway to the San Gabriel Valley, and is adjacent to the cities of Alhambra, San Gabriel, and Rosemead. The property offers easy access to the 10, 60, and 710 freeways, providing ease of access to neighboring cities with easy access to Downtown Los Angeles, located less than 8 miles away. 616 N New Avenue is within walking distance of a major bus stop within a half mile away, providing easy access to major employment centers.
Exclusively Listed By
Financing By
