10962 Main St El Monte, CA 91731
- Office Properties & Spaces
- 26,762 SF
Current Use by Public Records
- Office Properties & Spaces
Property Details for 10962 Main St
- Year built
- 1951
- Property size
- 26,762 SF
- Property type
- Office Properties & Spaces
Description
This exceptional executive office building, located at 10962 Main St, El Monte, CA 91731, presents a compelling investment opportunity. Boasting 26,762 square feet on a 28,691 square foot lot, this property offers significant potential. Built in 1951 and extensively renovated in 2020, the building is zoned EMC2, allowing for diverse uses including media, office, retail, and restaurant. The asking price is $5,800,000, representing a compelling $216.73 per square foot and an attractive 8.38% cap rate. The land value alone is $255.83 per square foot. The property includes 34 parking spaces, supplemented by convenient city public parking. Currently occupied, the lease is expiring, providing the new owner with flexibility to renew or reposition the property. The property's prime location in the Downtown El Monte District offers easy access to Chase Bank, the County Courthouse, and numerous other established businesses. The annual gross income is $562,899. This three-parcel corner lot presents a rare opportunity to acquire a well-maintained, high-performing asset in a thriving location. APN: 8579-024-016, 8579-024-022, 8579-024-021.
Value Estimation
-
CAP approach
-
Comparable approach
-
Alternative Use
Location Insight
- Map
- Local Demand
- City
- El Monte
- County
- Los Angeles
- State
- California
- Longitude
- -118.036
- Latitude
- 34.0738
