3007 Sastre AveEl Monte, CA 91733

Property Details for 3007 Sastre Ave

Year built

1935

Construction

WOOD

Lot size

0.28 AC

Property size (Sq ft)

3,576 SF

Zone code

EMM1*

Property type

Retail properties

Property subtype

Other automotive properties

APN

8581-017-001

APU

8581017001

Description

This exceptional investment opportunity presents a 3,576 sq ft mixed-use property situated on a large 12,115 sq ft corner lot in El Monte, CA (91733), at 3007 Sastre Ave. The property boasts a 3-bedroom, 1-bathroom home (built in 1935), two concrete block repair bays, and a smog station, all currently leased on short-term month-to-month agreements, generating consistent income. The rear portion of the property is less than twenty years old. This location offers significant advantages, including a high traffic count exceeding 40,000 vehicles daily, excellent walkability and transit scores with nearby amenities, and easy freeway access. The property benefits from multi-use zoning, adaptable to various uses, and importantly, includes one of the last grandfathered conditional use permits for automotive use in El Monte, eliminating the need for a new CUP. The property features exposed egress and ingress with multiple access points, enhancing its operational flexibility. Located in a revitalizing area of Garvey Avenue, this presents a strong long-term investment prospect with a 6.00% cap rate and an asking price of $1,999,000. All information is deemed reliable but not guaranteed.

• CAP approach

  CAP return

  Valuation

  6%

  $1,408,584

  6.5%

  $1,300,232

  7%

  $1,207,358

• Comparable approach

  Method

  Valuation

  Relative Method

  $1,706,496

  Geo Method

  $1,713,631

• Alternative Use

  Use

  Valuation

  Residential

  $1,096,794

  Hospitality

  $1,004,658

  Educational

  $835,863

  Medical

  $864,610

  Retail

  $1,300,232

Location Insight

City

El Monte

County

Los Angeles

State

California

Latitude

34.0631

Longitude

-118.055

CBSA code

31080

CBSA name

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

Property Tax & Assessments

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