4547 Peck Road

    El Monte, CA 91732
    • $5,500,000
    • STATUS: Active
    • ON SITE: 21 days
    • ID#: AR19226621
    UPDATED: 16 min ago
    $5,500,000
    • 0
      BEDS
    • 1.42
      ACRES
    • 0
      BATHS
    • 0
      1/2 BATHS
    • 22,971
      SQFT
    • $239
      $/SQFT
    Neighborhood:
    Type:
    Commercial
    Built:
    1981
    County:

    School Ratings & Info

    Description

    This fully leased investment property has many value-add opportunities. An investor could instantly realize a higher return by converting current month-to-month tenants to longer term leases. Also converting certain modified gross leases to traditional retail triple net leases will allow for additional opportunity for higher returns. In the longer term, there is tremendous upside to bring the tenants to market rates. On a longer-term basis, this property is also a potential development site. By right, with an FAR of 1:1, a mixed use building of up to 55 units can be built and developed on this site.

    Monthly Payment Calculator



    Based on information from California Regional Multiple Listing Service, Inc. as of 2019-10-15T19:38:08.77. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is deemed reliable but is not guaranteed accurate by the MLS or California Realty Experts. Licensed in the State of California, USA.
    www.californiarealtyexperts.com/homes/99246558

    4547 Peck Road El Monte, CA 91732

    • Price: $5,500,000
    • Status: Active
    • Updated: 16 min ago
    • ID#: AR19226621
    0
    Beds
    0
    Baths
    0
    ½ Baths
    1.42
    Acres
    22,971
    SQFT
    $239
    $/SQFT
    1981
    Built
    Neighborhood:
    619 - El Monte
    County:
    Los Angeles
    Area:
    619 - El Monte
    Property Description
    This fully leased investment property has many value-add opportunities. An investor could instantly realize a higher return by converting current month-to-month tenants to longer term leases. Also converting certain modified gross leases to traditional retail triple net leases will allow for additional opportunity for higher returns. In the longer term, there is tremendous upside to bring the tenants to market rates. On a longer-term basis, this property is also a potential development site. By right, with an FAR of 1:1, a mixed use building of up to 55 units can be built and developed on this site.
    Exterior Features

    Lot Features 36-40 Units/AcreCorner LotLot Over 40000 Sqft Lot Size Source Assessor Lot Size Units Square Feet

    Interior Features

    Condo Area Units Square Feet Heating Forced Air Heating YN Yes Laundry Features None

    Property Features

    Additional Parcels YN No Building Area Units Square Feet Building Status Existing Country Us Land Use Multi-FamilyRetail Laundry YN No Leasable Area Units Square Feet Max Total Area Units Square Feet Min Total Area Units Square Feet Property Sub Type Retail Special Listing Conditions Standard Water Source Public

    Listing provided courtesy of Robert Ip of Coldwell Banker Pasadena


    Based on information from California Regional Multiple Listing Service, Inc. as of 2019-10-15T19:38:08.77. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is deemed reliable but is not guaranteed accurate by the MLS or California Realty Experts. Licensed in the State of California, USA.
     
    California Realty Experts
    28693 Old Town Front St. Suite300-G
    Temecula CA, 92590