2843 Meeker Ave - Freestanding FOR SALE


El Monte, CA 91732- Mountain View
$1,718,000 USD
626-822-1827
2843 Meeker Ave, El Monte, CA for Sale
$1,718,000 USD
Freestanding - FOR SALE
1/17
null | Request Cap Rate

2843 Meeker Ave
El Monte, CA 91732
Mountain View


HIGHLIGHTS

  • Prime Garvey Avenue frontage located at 11534 Garvey Ave with Hair Salon ($2250/month) and Religious Room/Music Shows($2200/month).
  • Single-family residence at 2843 Meeker Ave, Monthly Rent $3500/month.
  • Extra Income $$$$$$ - Large rear lot is currently leased to a nearby auto shop for parking $2200/month.

OVERVIEW

Hugh price reduction!!!! Seller is motivated, Original price was $1,798,000. Excellent investment opportunity with good CAP rate. This income-producing corner lot offers a rare combination of residential and commercial uses with strong, stable cash flow. The property features a commercial duplex with prime Garvey Avenue frontage located at 11534 Garvey Ave. One unit is occupied by a long-established hair salon that has successfully operated at this location for many years. Located behind the commercial building is a tenant-occupied single-family residence at 2843 Meeker Ave. Separate utility meters for the residential and the commercial units. In addition, a large rear lot is currently leased to a nearby auto shop for parking, providing supplemental rental income. Both the commercial duplex, the residential unit, and leased lot contribute to consistent monthly revenue. All tenants are on month-to-month leases, offering flexibility for future repositioning, redevelopment, or rent adjustments. This well-sized corner lot presents strong upside potential and multiple value-add opportunities, making it ideal for investors seeking both immediate income and long-term growth. All leases are month to month. Please contact listing agent for more images and details for monthly rental income information.

FOR SALE DETAILS

PRICE

$1,718,000 USD

PRICE/SF

$561 USD /SF

CAP RATE

Request Cap Rate

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Freestanding

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1934

SPRINKLERS

-

PARKING SPACES

6

LAND DETAILS

LAND ACRES

0.28 AC

LAND SF

12,403 SF

ZONING

MMU

APN/PARCEL ID

8105-006-006

ASK ABOUT THIS PROPERTY

Wen-Kai LiWeTrust Realty Commercial ServicesMore Info
626-822-1827

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Wen-Kai LiWeTrust Realty Commercial ServicesMore Info
626-822-1827

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.