564 Monterey Pass Rd Monterey Park, CA 91754
- Industrial properties
- 15,360 SF
- 1.28 lot acres
Current Use by Public Records
- Industrial properties
Property Details for 564 Monterey Pass Rd
- Year built
- 1953
- Lot size
- 1.28 lot acres
- Property size
- 15,360 SF
- Property type
- Industrial properties
- Property subtype
- Manufacturing properties
Description
This exceptional investment opportunity presents a 15,360-square-foot food manufacturing facility situated on a 1.28-acre lot in Monterey Park, California. The property consists of two single-story buildings, totaling 15,360 net rentable square feet, built in 1953 and zoned M. Currently occupied by a single tenant under a gross lease with a remaining term of 2.5 years, plus a one-year lease option, offering a stable income stream. The property boasts a strong net operating income (NOI) of $140,888, resulting in a compelling 3.52% capitalization rate. The asking price is $4,000,000, translating to $260.42 per square foot and $2,000,000 per unit. The property features one loading dock and ample private parking. Its convenient location provides easy access to freeways 10, 710, and 5, enhancing its logistical appeal. The property's address is 564 Monterey Pass Rd, Monterey Park, CA 91754, with APN 5261001051. This is a rare chance to acquire a well-located, income-producing industrial property in a thriving market. The property offers significant potential for long-term growth and return on investment.
Value Estimation
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CAP approach
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Alternative Use
Location Insight
- Map
- Local Demand
- City
- Monterey Park
- County
- Los Angeles
- State
- California
- Longitude
- -118.146
- Latitude
- 34.0571
