300 Atlantic Blvd Monterey Park, CA 91754
- Office buildings
- 8,284 SF
- 0.51 lot acres
Current Use by Public Records
- Fox Electric Technologies / Electrician
- Derma Plus Skin Care / Beauty Salon
- Uki Hair Studio / Hair Salon
- Wes L. Lai, Lac / Acupuncture Clinic
- TCM herbal Store 同濟堂中醫診所中藥店 / Acupuncture Clinic / Acupuncturist
Property Details for 300 Atlantic Blvd
- Year built
- 1976
- Construction
- WOOD
- Lot size
- 0.51 lot acres
- Property size
- 8,284 SF
- Zone code
- MPC2*
- Property type
- Office buildings
- APN
- 5257-002-052
- APU
- 5257002052
Description
This prime Monterey Park commercial property, located at 300 S Atlantic Blvd, presents a compelling investment opportunity. The 8,284 square foot building, constructed in 1976 and extensively renovated in 2023, is a two-story structure zoned MPC2. Currently operating as a multi-tenant retail space encompassing a convenience store, grocery store, and pharmacy/drug store, it enjoys an occupancy rate exceeding 85%. The property benefits from a highly visible corner location at the intersection of S. Atlantic Blvd. and W. Newmark Ave., ensuring significant foot and vehicle traffic. Ample parking is provided with 32 spaces in the rear lot, supplemented by four detached garages. The asking price is $4,200,000, representing a strong return on investment given the high occupancy and prime location. This owner/user opportunity offers significant upside potential for rental revenue growth. The property's convenient street-front access and substantial parking make it an attractive proposition for a variety of retail businesses and investors. The Los Angeles County property (APN 5257002052) is situated in the 91754 zip code.
Value Estimation
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CAP approach
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Comparable approach
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Alternative Use
Location Insight
- Map
- Local Demand
- City
- Monterey Park
- County
- Los Angeles
- State
- California
- Longitude
- -118.133
- Latitude
- 34.0595
- CBSA code
- 31080
- CBSA name
- LOS ANGELES-LONG BEACH-ANAHEIM, CA METROPOLITAN STATISTICAL AREA
