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.

Location Insight

City

Monterey Park

County

Los Angeles

State

California

Longitude

-118.146

Latitude

34.0571