Mixed-Use Property with
For Sale
$1,080,000
3108 Adelia Ave, El Monte, CA 91733
Existing convenience-store and residential occupancy is complemented by adjacent R3 land with additional development potential.
Property Size1,872 SF
Days on Market163
Property Features for 3108 Adelia Ave
General Information
Standard status
Active
Size
1,872 SF
Property subtype
Duplex
Zoning
R3
Occupancy
100%
Additional Details
Average Monthly Rent
$1,500
Multifamily Units
1
Building Details
Building Size
1,872 SF
Year Built
1950
Tenancy
Multi
Listing Agency:
HARVEST REALTY DEVELOPMENT
Listed By:
HSIU CHEN · License #02148908
Source:
Archetyperealty
Added: May 7
Changed: Oct 7
Last Checked: Oct 15 at 7:56AM
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 HARVEST REALTY DEVELOPMENT
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Investment Insights
Based on property information with market context.
Built in 1950, this mixed-use property combines a convenience-store storefront with a residential unit, creating two established occupancy components within one asset. The commercial storefront is intended to remain in its current form, while the residential portion may be expanded. Long-term tenants currently occupy both units.
Adjacent to the existing improvements is approximately 7,000 square feet of R3 land. The stated development concept includes 2,800 square feet for residential use and an 800-square-foot ADU. A designer has been engaged, and preliminary plans are available. The property is also near schools and shopping malls, and daycare use is allowed by the city in this area.
Adjacent to the existing improvements is approximately 7,000 square feet of R3 land. The stated development concept includes 2,800 square feet for residential use and an 800-square-foot ADU. A designer has been engaged, and preliminary plans are available. The property is also near schools and shopping malls, and daycare use is allowed by the city in this area.
Key Highlights
- Mixed‑use property with convenience‑store storefront and residential unit
- Built in 1950 with two existing occupancy components
- Approximately 7000 sq ft of adjacent R3 land
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$47,318
Cap Rate
4.38%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$946,360
$946.4K
Cap Rate 7%
$675,971
$676.0K
Cap Rate 9%
$525,756
$525.8K
Market Conditions
NOI Build-Up for 1,872 SF
Gross rent
$69.2K $36.96/SF
− Vacancy
−$1.6K −$0.85/SF
EGI
$67.6K $36.11/SF
− OpEx
−$20.3K −$10.83/SF
NOI
$47.3K $25.28/SF
Area
El Monte, CA
Vacancy
2.30%
Lease Rate
$36.96 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$946,360
Cap Rate 7%
$675,971
Cap Rate 9%
$525,756
Alternative Uses
Best Use
Apartment 5plus
$33.10M
$28.96M – $38.61M
NOI $2,316,701 @ 7.0% cap · market cap 214.51%
Second Best
Retail
$676.0K
$591.5K – $788.6K
NOI $47,318 @ 7.0% cap · market cap 4.38%
Theoretical Best
Multifamily LT 5
$35.57M
$31.12M – $41.50M
NOI $2,489,990 @ 7.0% cap · market cap 230.55%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Current Use
Lease Details
1
Residential units
100%
Occupancy
Multi-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
1,877
Businesses Nearby
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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Market
Vacancy Rate% for Retail in West region
Frequently Asked Questions
What type of property is this?
Mixed-use property - Existing convenience-store and residential occupancy is complemented by adjacent R3 land with additional development potential.
Where is this mixed-use property located?
The property is located at 3108 Adelia Ave El Monte, CA.
What is the asking price?
The asking price for this property is $1,080,000.
What are key features of this property?
This property features: Mixed‑use property with convenience‑store storefront and residential unit; Built in 1950 with two existing occupancy components; Approximately 7000 sq ft of adjacent R3 land
