For Sale
$300,000

6266 Rosemead BlvdTemple City, CA 91780

High-profit potential, established smoke shop

Property records and analytics

Overview

Added:
Dec 11, 2024
Days on market:
115
Prime Temple City location, this 2,600 sq ft smoke shop presents a lucrative investment opportunity. Currently generating $40,000 monthly gross revenue, projections indicate at least doubling within 12-18 months due to nearby apartment complex renovations nearing completion. The business, established in 2018, boasts a Class C building with a modified lease (3 years remaining) and includes all inventory. Located on a high-traffic corner (Rosemead Blvd & Longden Ave), it benefits from approximately 40,000 cars daily. The asking price is $300,000, with a 50% cap rate. Expenses include $3,852 monthly rent, $155 for internet/security, and $300 for electricity. The property features five units and is currently vacant, offering immediate occupancy. This is the only licensed smoke shop in Temple City, making it a unique and highly desirable business acquisition. The APN is 5384005001.

Highlights

  • Strong historical performance: Prior to nearby apartment complex renovations, the business generated $70,000 in monthly gross sales.
  • Current performance and upside: Current monthly gross sales are $40,000, poised for significant growth as the adjacent apartment complex nears completion and re-leasing.
  • Projected growth: Gross income is projected to double within the next 12-18 months.
  • Attractive lease terms: Monthly rent is $3,852.
  • Low operating costs: Monthly utilities total $455 (internet/security and electric); gas is not applicable.
  • Owner-operator business: The business is currently owner-operated.

Property Details for 6266 Rosemead Blvd

Property type
Square Feet
2,600 SF
Class
C
Year Built
2018
Units
5

Location Insight

City
Temple City
County
Los Angeles
State
California
Latitude
34.1132692
Longitude
-118.0731847
6266 Rosemead Blvd, Temple City, California

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Contacts

Matthew Hijazin
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6266 Rosemead Blvd, Temple City, California, 91780

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Disclaimer

The property value estimates provided on this website are automated calculations based on publicly available data, user-submitted information, and proprietary algorithms. These estimates are not appraisals and should not be used as a substitute for a professional valuation by a licensed appraiser.

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6266 Rosemead Blvd
  • Matthew Hijazin
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