751 Atlantic Blvd Monterey Park, CA 91754-3864
- Office buildings
- 2,500 SF
- 0.14 lot acres
Nov 12, 2024
Current Use by Public Records
- SmarterHome.ai - Spectrum Authorized Retailer / Internet Service Provider / Cable Company
- All Phone World / Cell Phone Store
Property Details for 751 Atlantic Blvd
- Year built
- 1964
- Construction
- TILT-UP CONCRETE
- Lot size
- 0.14 lot acres
- Property size
- 2,500 SF
- Zone code
- MPC4*
- Property type
- Office buildings
- APN
- 5253-002-024
- APU
- 5253002024
Description
This exceptional commercial property, located at 751 S Atlantic Blvd in Monterey Park, CA 91754, presents a compelling investment opportunity. The 2,500 square foot building sits on a 6,014 square foot lot (APN 5253-002-024) and is zoned C4, offering versatility for various uses. Currently configured as three retail units with 67% occupancy and month-to-month leases, this presents an owner-user opportunity to occupy vacant space or the entire building. The property benefits from its prime location on a major thoroughfare, close to the 10 and 60 freeways, and surrounded by numerous retail establishments. Recent improvements include a new roof and a replaced HVAC unit. The asking price is $1,100,000 ($440/sq ft). Built in 1964, this Class C property offers significant potential for value appreciation through rent increases with existing tenants or by re-tenanting. Its strategic location and flexible zoning (C4, Monterey Park) make it suitable for a range of professional services (insurance, law, real estate, CPA), medical, or dental practices. This is a rare chance to acquire a well-situated commercial property in a thriving Los Angeles County market.
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
- -118.137
- Latitude
- 34.053
- CBSA code
- 31080
- CBSA name
- LOS ANGELES-LONG BEACH-ANAHEIM, CA METROPOLITAN STATISTICAL AREA
