9661 Garvey AveSouth El Monte, CA 91733

Property Details for 9661 Garvey Ave

Year built

2006

Construction

TILT-UP CONCRETE

Lot size

1.52 AC

Property size (Sq ft)

34,320 SF

Zone code

SEC*

Property type

Mixed-use properties

Property subtype

Other investment properties

APN

8581-015-042

APU

8581015042

Description

This exceptional investment opportunity presents Victory Plaza, a two-story, 34,320 square foot shopping center in South El Monte, CA. Built in 2006, this Class C property boasts 39 tenants across a diverse range of uses including retail, banking, professional services, medical, and restaurants, creating a vibrant "one-stop shop" destination. Situated on a 66,211 square foot lot at 9661 Garvey Ave, 91733, the plaza benefits from excellent visibility and accessibility, featuring approximately 200 feet of frontage and ample parking (90 spaces, including 4 handicap spaces). An elevator provides convenient access to the upper level. The property offers a compelling net lease investment with a current cap rate of 4.60% and a pro-forma cap rate of 8.28%. The asking price is $10,000,000, translating to $291.38 per square foot. The property is zoned SEC and features a single building with a multi-tenant occupancy. No rent bumps are currently in place. This represents a rare opportunity to acquire a well-located, mixed-use retail asset in the densely populated San Gabriel Valley.

• CAP approach

  CAP return

  Valuation

  6%

  $11,403,469

  6.5%

  $10,526,279

  7%

  $9,774,402

• Comparable approach

  Method

  Valuation

  Relative Method

  $10,073,632

  Geo Method

  $10,115,751

• Alternative Use

  Use

  Valuation

  Residential

  $10,526,279

  Hospitality

  $9,642,015

  Educational

  $8,022,044

  Medical

  $8,297,934

  Retail

  $12,478,734

Location Insight

City

South El Monte

County

Los Angeles

State

California

Latitude

34.0633

Longitude

-118.058

CBSA code

31080

CBSA name

LOS ANGELES-LONG BEACH-ANAHEIM, CA METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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