1950 S Atlantic Boulevard

  • Monterey Park

  • $2,999,000
  • Acres
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Commercial Sale Details

Description & Essential
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
Essential
MLS #AR18116595
Price Per SqFt$537.17
Sub-TypeRetail
CountyLos Angeles
StateCA
Area641 - Monterey Park
StatusActive
Sale TypeStandard
Number Of Buildings1
Building StatusExisting
Land UseRetail
Listing BrokerageMan Investment Group
Listing AgentJohn Man
Listing Agent BRE #01388408

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Based on information from California Regional Multiple Listing Service, Inc. as of Friday, July 13, 2018. 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 usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent.