Industrial Building with Karaoke
For Sale
$1,450,000
2112 Lee, South El Monte, CA 91733
1985 industrial property with a finished karaoke sound room, plus sales and display space for entertainment use.
Property Size4,116 SF
Days on Market196
Property Features for 2112 Lee
General Information
Standard status
Active
Size
4,116 SF
Property subtype
Industrial
Additional Details
Highway Access
Yes
Building Details
Building Size
4,116 SF
Year Built
1985
Listing Agency:
Markowitz Commercial Real Estate, Inc.
Listed By:
Joshua Markowitz · License #01978248
(818) 337-9066
Source:
Archetyperealty
Added: Apr 11
Changed: Oct 8
Last Checked: Oct 23 at 1:12PM
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 Markowitz Commercial Real Estate, Inc.
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Investment Insights
Based on property information with market context.
Built in 1985, this industrial property includes a large, finished interior space built for a high-end karaoke sound room, along with sales and display areas. Current tenant rent is noted as $4,500 per month through August 2021. Please contact the listing agent or office for showing and additional information.
The property is in a South El Monte industrial area, located west of Rosemead Blvd and north of Rush St, with easy access to major freeways.
The property is in a South El Monte industrial area, located west of Rosemead Blvd and north of Rush St, with easy access to major freeways.
Key Highlights
- 1985 industrial property with a large finished interior for a karaoke sound room
- Additional finished sales and display area for entertainment use
- Current tenant rent is $4,500 per month through August 2021
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$97,569
Cap Rate
6.73%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,951,380
$2.0M
Cap Rate 7%
$1,393,843
$1.4M
Cap Rate 9%
$1,084,100
$1.1M
Market Conditions
NOI Build-Up for 4,116 SF
Gross rent
$139.3K $33.84/SF
− Vacancy
−$9.2K −$2.23/SF
EGI
$130.1K $31.61/SF
− OpEx
−$32.5K −$7.90/SF
NOI
$97.6K $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%
$1,951,380
Cap Rate 7%
$1,393,843
Cap Rate 9%
$1,084,100
Alternative Uses
Best Use
Specialty Retail
$1.39M
$1.22M – $1.63M
NOI $97,569 @ 7.0% cap · market cap 6.73%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$2.20M
$1.93M – $2.57M
NOI $154,258 @ 7.0% cap · market cap 10.64%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Who owns this building?
See the owner, sales and loan history
Open Analytics
Current Use
Lease Details
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
1,263
Businesses Nearby
Balanced
Demand for This Use
Explore this area
Business Placement
Demographics for 91733, CA
41,990
Population
11,172
Households
3.8
Avg Household Size
36
Median Age
11%
College-Educated
56%
High-School Grad
6.7 sq mi
ZIP Area
6,267
Density / Sq Mi
$67,245
Median Household Income
$32,486
Median Earnings
$1,658
Median Rent
$601,600
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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Similar Off Market Nearby
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Frequently Asked Questions
What type of property is this?
Night club - 1985 industrial property with a finished karaoke sound room, plus sales and display space for entertainment use.
Where is this night club located?
The property is located at 2112 Lee South El Monte, CA.
What is the asking price?
The asking price for this property is $1,450,000.
What are key features of this property?
This property features: 1985 industrial property with a large finished interior for a karaoke sound room; Additional finished sales and display area for entertainment use; Current tenant rent is $4,500 per month through August 2021
