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    11400 Garvey Ave El Monte, CA 91732

    Sponsored
    For Sale
    $3,240,000

    El Monte, CA: Net lease auto shop investment.

    Property size:
    1,170 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    392
    This exceptional investment opportunity presents a single-tenant, net-leased auto shop in El Monte, California. The property, located at 11400 Garvey Ave, boasts 1,170 square feet on a 0.51-acre lot and is currently 100% occupied by an established car dealership under a three-year NNN lease. The asking price is $3,240,000, representing a 5.00% cap rate with a current NOI of $162,000. The building, constructed in 1997, sits on a hard corner lot at the intersection of Garvey Ave and Dee Ave, benefiting from high visibility and traffic counts exceeding 45,161 vehicles daily. The property's M/Mu zoning allows for potential future redevelopment into a residential project upon lease expiration. The lease includes annual rent increases of 3%, ensuring a growing income stream. The property's location within the densely populated San Gabriel Valley offers strong demographics, with over 197,943 residents within a three-mile radius and an average household income exceeding $97,936. This presents a compelling opportunity for investors seeking a low-management, high-return investment with significant long-term potential. The NNN lease structure ensures minimal owner responsibilities, making this an ideal 1031 exchange candidate. The property's location and zoning create high barriers to entry for future competition.

    Property Features for 11400 Garvey Ave

    General Information

    Property type
    Automotive properties
    Square Feet
    1,170 SF
    Lot Size
    22,216 SF

    Building Details

    Year Renovated
    1997
    Buildings
    1
    Stories
    1
    Units
    1

    HighLights

    • Ideal 1031 exchange opportunity: Prime San Gabriel Valley single‑tenant, net‑leased (STNL) property requiring minimal owner management.
    • Significant residential redevelopment potential: MMU/R3 zoning allows for future residential conversion after lease expiration, with potential cash flow during the entitlement process.
    • Triple‑net (NNN) lease structure: Apollo Auto is responsible for all property expenses, offering a hands‑off investment.
    • Strong rental growth: 3% annual rent increases provide a growing income stream.
    • High‑visibility location: Hard corner lot at Garvey Ave and Dee Ave, with daily traffic exceeding 45,161 vehicles.
    • Excellent demographics: Over 197,943 residents within a three‑mile radius, boasting an average household income exceeding $97,936.
    Property Profile Location Intelligence

    Current Use by Public Records

    Apollo Auto Used Car Dealer

    Suggested Use

    Realty agency Law Firm Restaurant Spa & Massage Dental Office Hair Salon Nail Salon Clothing Store Building Supply Gym & Fitness

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    El Monte
    County
    Los Angeles
    State
    California
    Longitude
    -118.0290757
    Latitude
    34.0621307

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    FAQs

    What type of property is this?
    Automotive property - El Monte, CA: Net lease auto shop investment.
    Where is this automotive property located?
    The property is located at 11400 Garvey Ave El Monte, CA.
    What is the asking price?
    The asking price for this property is $3,240,000.
    What are key features of this property?
    This property features: Ideal 1031 exchange opportunity: Prime San Gabriel Valley single-tenant, net-leased (STNL) property requiring minimal owner management.; Significant residential redevelopment potential: MMU/R3 zoning allows for future residential conversion after lease expiration, with potential cash flow during the entitlement process.; Triple-net (NNN) lease structure: Apollo Auto is responsible for all property expenses, offering a hands-off investment.
    (909) 418-2216
    Request Owner's contact information
    11400 Garvey Ave El Monte, CA 91732
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    El Monte, CA 91732
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    11400 Garvey Ave El Monte, CA 91732
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