4502 Rosemead Blvd Pico Rivera, CA 90660
- Retail space
- 11,040 SF
- 0.87 lot acres
Sep 13, 2021
Current Use by Public Records
- Retail space
Property Details for 4502 Rosemead Blvd
- Year built
- 1955
- Construction
- TILT-UP CONCRETE
- Lot size
- 0.87 lot acres
- Property size
- 11,040 SF
- Zone code
- PRCG*
- Property type
- Retail space
- APN
- 8121-025-017
- APU
- 8121025017
Description
This exceptional Pico Rivera retail space, unit #E, offers 1,300 square feet in a prime location at 4500 Rosemead Blvd. The property is part of a larger 11,613 square foot strip center situated on a 1.3-acre lot with excellent visibility and high traffic counts along Rosemead Blvd., near Beverly Blvd. Built in 1955, the property boasts a 251-foot frontage on Rosemead Blvd, ensuring significant exposure. The convenient freeway access and ample parking (43 spaces) enhance its desirability for both customers and employees. Zoned C-G, this single-tenant space is ideal for various uses, including salons, barber shops, vape stores, nail shops, boba shops, and cafes. The property's location provides easy access for customers and deliveries. This is a unique opportunity to establish a business in a high-traffic area with strong visibility and convenient amenities. The property is suitable for a variety of retail and restaurant uses.
Value Estimations
-
AI approach
- Method
- Estimation
- Statistic approach
- $4,265,000
- ML approach
- $4,430,000
-
CAP approach
- CAP Return
- Estimation
- 6%
- $4,070,000
- 6.5%
- $3,760,000
- 7%
- $3,490,000
-
Comparable approach
- Method
- Estimation
- Statistic Estimate
- $6,795,000
Market price range: $2.10M - $6.80M -
Alternative Use
- Use
- Estimation
- RETAIL STORES
- $4,230,000 Current use
- NEIGHBORHOOD: SHOPPING CENTER
- $6,720,000 Change: +59% Conversion: Moderate
- AUTO REPAIR, GARAGE
- $5,105,000 Change: +21% Conversion: Difficult
- MEDICAL BUILDING
- $5,020,000 Change: +19% Conversion: Difficult
- OFFICE BUILDING
- $4,950,000 Change: +17% Conversion: Easy
- COMMERCIAL (GENERAL)
- $3,410,000 Change: -19% Conversion: Easy
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Location Insight
- Map
- Local Demand
- City
- Pico Rivera
- County
- Los Angeles
- State
- California
- Longitude
- -118.081
- Latitude
- 34.0093
- CBSA code
- 31080
- CBSA name
- LOS ANGELES-LONG BEACH-ANAHEIM, CA METROPOLITAN STATISTICAL AREA