751 Atlantic BlvdMonterey Park, CA 91754

Property Details for 751 Atlantic Blvd

Year built

1964

Construction

TILT-UP CONCRETE

Lot size

0.14 AC

Property size (Sq ft)

2,500 SF

Zone code

MPC4*

Property type

Office properties

Property subtype

Office buildings

APN

5253-002-024

APU

5253002024

Description

This exceptional commercial property, located at 751 S Atlantic Blvd in Monterey Park, CA 91754, presents a compelling investment opportunity. The 2,500 square foot building sits on a 6,014 square foot lot (APN 5253-002-024) and is zoned C4, offering versatility for various uses. Currently configured as three retail units with 67% occupancy and month-to-month leases, this presents an owner-user opportunity to occupy vacant space or the entire building. The property benefits from its prime location on a major thoroughfare, close to the 10 and 60 freeways, and surrounded by numerous retail establishments. Recent improvements include a new roof and a replaced HVAC unit. The asking price is $1,100,000 ($440/sq ft). Built in 1964, this Class C property offers significant potential for value appreciation through rent increases with existing tenants or by re-tenanting. Its strategic location and flexible zoning (C4, Monterey Park) make it suitable for a range of professional services (insurance, law, real estate, CPA), medical, or dental practices. This is a rare chance to acquire a well-situated commercial property in a thriving Los Angeles County market.

• CAP approach

  CAP return

  Valuation

  6%

  $718,216

  6.5%

  $662,969

  7%

  $615,614

• Comparable approach

  Method

  Valuation

  Relative Method

  $475,400

  Geo Method

  $475,400

• Alternative Use

  Use

  Valuation

  Residential

  $822,081

  Hospitality

  $753,022

  Educational

  $626,506

  Medical

  $648,052

  Retail

  $974,564

Location Insight

City

Monterey Park

County

Los Angeles

State

California

Latitude

34.053

Longitude

-118.137

CBSA code

31080

CBSA name

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

Property Tax & Assessments

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