Freestanding Convenience
For Sale
$1,598,888
419 S 1st Avenue, Arcadia, CA 91006
Existing occupancy and potential retail or service applications support continued commercial use, subject to city review.
Property Size1,982 SF
Days on Market777
Property Features for 419 S 1st Avenue
General Information
Standard status
Active
Size
1,982 SF
Property subtype
Retail
Building Details
Building Size
1,982 SF
Year Built
1976
Buildings
1
Listing Agency:
CA Flat Fee Listings, Inc 626-790-2250 Overview Additional information MLS R ID AR24184099 Interior features Exterior features Lot Size 0.18 Acres Other property details Hopeway Realty Group | CA DRE# 02065724 Request a tour Contact agent Request a tour Contact agent Listed by Jonathan Rodriguez CA DRE# 02060068 with CA Flat Fee Listings, Inc 626-790-2250
Listed By:
Jonathan Rodriguez CA DRE# 02060068 · License #02060068
(626) 623-7957
Source:
Hopewayrealtygroup
Added: Sep 4, 2024
Changed: Oct 14
Last Checked: Oct 19 at 1:23PM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of CA Flat Fee Listings, Inc 626-790-2250 Overview Additional information MLS R ID AR24184099 Interior features Exterior features Lot Size 0.18 Acres Other property details Hopeway Realty Group | CA DRE# 02065724 Request a tour Contact agent Request a tour Contact agent Listed by Jonathan Rodriguez CA DRE# 02060068 with CA Flat Fee Listings, Inc 626-790-2250
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Investment Insights
Based on property information with market context.
This freestanding commercial building was constructed in 1976 and currently has a tenant in place. The property is classified as a grocery and convenience store asset, with potential for a range of retail and service applications subject to City of Arcadia review of zoning, permitted uses, and parking requirements.
The property is located at 419 S 1st Ave in Arcadia, less than one mile from Santa Anita Avenue and USC Keck Medical Center. Additional surrounding destinations include The Shops at Santa Anita Regional Shopping Center, Santa Anita Racetrack, and Restaurant Row on Huntington Drive.
The property is located at 419 S 1st Ave in Arcadia, less than one mile from Santa Anita Avenue and USC Keck Medical Center. Additional surrounding destinations include The Shops at Santa Anita Regional Shopping Center, Santa Anita Racetrack, and Restaurant Row on Huntington Drive.
Key Highlights
- Freestanding building with tenant in place
- Grocery and convenience store classification
- Retail and service use potential subject to City of Arcadia review
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$46,983
Cap Rate
2.94%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$939,660
$939.7K
Cap Rate 7%
$671,186
$671.2K
Cap Rate 9%
$522,033
$522.0K
Market Conditions
NOI Build-Up for 1,982 SF
Gross rent
$67.1K $33.84/SF
− Vacancy
−$4.4K −$2.23/SF
EGI
$62.6K $31.61/SF
− OpEx
−$15.7K −$7.90/SF
NOI
$47.0K $23.70/SF
Area
Los Angeles County, CA
Vacancy
6.60%
Lease Rate
$33.84 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$939,660
Cap Rate 7%
$671,186
Cap Rate 9%
$522,033
Alternative Uses
Best Use
Specialty Retail
$671.2K
$587.3K – $783.1K
NOI $46,983 @ 7.0% cap · market cap 2.94%
Second Best
Retail
$626.4K
$548.1K – $730.9K
NOI $43,851 @ 7.0% cap · market cap 2.74%
Theoretical Best
Office A
$1.06M
$928.5K – $1.24M
NOI $74,281 @ 7.0% cap · market cap 4.65%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
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Open Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
2,709
Businesses Nearby
89k
Monthly Visits Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Dining 65%
Shops & Services 34%
Beauty & Spa 2%
BJ's Restaurant and Brewhouse
Dining
27,830 visits/mo
0.4 miles
Olive Garden
Dining
21,249 visits/mo
0.4 miles
Dollar Tree
Shops & Services
20,175 visits/mo
0.4 miles
Carl's Jr.
Dining
6,834 visits/mo
0.3 miles
Wells Fargo
Shops & Services
3,478 visits/mo
0.5 miles
Demographics for 91006, CA
31,949
Population
11,291
Households
2.8
Avg Household Size
44
Median Age
56%
College-Educated
92%
High-School Grad
6.4 sq mi
ZIP Area
4,992
Density / Sq Mi
$127,511
Median Household Income
$58,188
Median Earnings
$2,141
Median Rent
$1,187,600
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Retail in West region
Similar Off Market Nearby
- Hong Kong Supermarket — w 91016, 933 W Duarte Rd, Monrovia, CA 91016
Frequently Asked Questions
What type of property is this?
Grocery and convenience store - Existing occupancy and potential retail or service applications support continued commercial use, subject to city review.
Where is this grocery and convenience store located?
The property is located at 419 S 1st Avenue Arcadia, CA.
What is the asking price?
The asking price for this property is $1,598,888.
What are key features of this property?
This property features: Freestanding building with tenant in place; Grocery and convenience store classification; Retail and service use potential subject to City of Arcadia review
