1950 S Atlantic Boulevard Monterey Park, CA 91754

$2,999,000
1950 S Atlantic Boulevard, Monterey Park, CA 91754
AR18116595

Commercial Property for sale in Monterey Park, CA

for $2,999,000. This building was built in 1977 on a lot size of 13763.00 Sqft..

Property Information

  • $2,999,000
  • Commercial
  • Retail
  • Active
  • Lot size of 13763.00 Sqft.
  • Built in 1977
  • Monterey Park, CA
  • Luminaria Hills Neighborhood
  • Los Angeles County
  • MLS/Web ID is AR18116595
  • Price Reduced

 Virtual Tour

Description

NNN lease, selling at 6.4% CAP rate in prime location of Monterey Park, $15, 535.25 net income monthly or $184, 239 Net income annually. Located near the prestigious community of Brightwood Hills and the largest commercial district in Monterey Park. Many national brands nearby including Starbucks, McDonalds, Bank of America, Chipotle, Ralphs, CVS, Boston Market, Baskin Robbins, Fedex, and Walgreens. Regional brand favorites nearby include The Hat and Cook's Tortas. Property is in walking distance to East LA College. Easy access to 60 and 710 Freeways. Daily traffic count 29, 200 vehicles. Subject property can be divided into 2 units, and also was one time a large restaurant for many years. Please do not disturb tenant. NNN lease selling at 6% CAP in prime location city of Monterey Park just 7 miles from downtown los angeles. Subject property can be divided into two units with plenty of parkings. Possible owner user qualify for SBA loan. Price reduced from $3, 200, 000 to $2, 999, 000 as of 7/6/18

Interior 3

Cooling System

  • Central Air
  • Other

Heating System

  • Central Heat
  • Other

Water Source

  • Public Water

Miscellaneous 1

Location

  • Walking Distance - Public Access

† Excluded Feature

Listed By

Broker: MAN INVESTMENT GROUP

1950 S Atlantic Boulevard, Monterey Park, CA, 91754 is a Commercial Property for sale at $2,999,000 with a lot size of 13763.00 Sqft.. 1950 S Atlantic Boulevard has 0.0 baths and was built in 1977. The property's zip code is 91754 which is in Monterey Park, CA

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Pricing History

Date Price Price Change Description
7/7/2018 $2,999,000 -6.28 % Price Change
5/17/2018 $3,200,000 Listed Price

Market Pricing

Average % of sale price Median % of sale price
All listings in Monterey Park $1,609,397 46 % below $685,000 77 % below
Commerical listings in Monterey Park $3,485,809 16 % above $399,999 87 % below

Get the facts about Monterey Park, CA!

Population 62,391
Population Growth (since 2000) 4 %
Median Income $58,874
Median Age 43.71
Households w/ Children 27 %

Residential Dwellings

  • Owned 11374
  • Vacant 820
  • Rented 9282

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Get an Immediate Callback from 9:00 AM - 10:30 PM EST
or Call us at 1-800-839-1363