11143 Garvey AveEl Monte, CA 91733

Property Details for 11143 Garvey Ave

Year built

1949

Construction

WOOD

Lot size

0.12 AC

Property size (Sq ft)

2,440 SF

Zone code

EMC3*

Property type

Retail space

APN

8566-008-007

APU

8566008007

Description

This exceptional 3,440-square-foot retail building, situated on a 5,406-square-foot lot at the highly desirable intersection of Garvey Avenue and Peck Road in El Monte, California (zip code 91733), presents a compelling investment opportunity. The two-story structure boasts high ceilings, excellent signage visibility, and two individual entrances, enhancing its appeal and functionality. Ample parking is provided with 8+ spaces, and the property is fully gated for added security. The building is currently divided into two sections. The front retail storefront encompasses 2,440 square feet, including a large showroom, two offices, and a restroom. The rear section is a 1,000-square-foot, two-story building with its own separate entrance, offering versatility for various uses. Currently occupied by Mike's Printing Company under a lease expiring April 30, 2025, with a monthly rent of $3,300, this property is ideal for retail, professional, or medical office uses. The City of El Monte is experiencing significant economic growth, with billion-dollar projects underway on Garvey Boulevard, creating a promising environment for future development. Nearby planned developments include new plazas, shopping centers, professional office buildings, and restaurants. Furthermore, the planned expansion of the Metro Gold Line will include four stations in El Monte, further enhancing the area's accessibility and desirability. The asking price is $1,100,000, translating to $319.77 per square foot.

• CAP approach

  CAP return

  Valuation

  6%

  $1,140,560

  6.5%

  $1,052,824

  7%

  $977,623

• Comparable approach

  Method

  Valuation

  Relative Method

  $1,413,000

  Geo Method

  $1,169,256

• Alternative Use

  Use

  Valuation

  Residential

  $888,097

  Hospitality

  $813,492

  Educational

  $676,816

  Medical

  $700,092

  Retail

  $1,052,824

Location Insight

City

El Monte

County

Los Angeles

State

California

Latitude

34.0631

Longitude

-118.032

CBSA code

31080

CBSA name

LOS ANGELES-LONG BEACH-ANAHEIM, CA METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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