Office
11747 Valley Blvd
11747 Valley Blvd, El Monte, CA 91732
Listing Price: $4,100,000
Investment Overview
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.
Exclusively Listed By
Listing Price: $4,100,000
Investment Highlights
- Prime Redevelopment; Value-Added Opportunity with 27% Vacancy, and Improved Management
- Commercial Zoning; C-3, El Monte; Various Commercial & Residential Uses
- Covered Land Play; Approx $106,680 Income per Year
Investment Overview
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.
Exclusively Listed By
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