3560 Santa Anita Ave - Freestanding FOR SALE


El Monte, CA 91731- Downtown El Monte
$16,500,000 USD
626-394-2527
3560 Santa Anita Ave, El Monte, CA for Sale
$16,500,000 USD
Freestanding - FOR SALE
1/6
null | Request Cap Rate

3560 Santa Anita Ave
El Monte, CA 91731
Downtown El Monte


HIGHLIGHTS

  • ±45,304 SF neighborhood shopping center on ±3.85 acres
  • Excellent frontage (510’) along Santa Anita Avenue in a dense, walkable corridor (Walk Score: 86)
  • ±345 surface parking spaces (5.13/1,000 SF ratio)
  • Anchored by national and regional tenants providing daily foot traffic
  • Located minutes from El Monte Metro Station and major freeways (I-10, I-605)
  • Ideal for investors seeking stable returns with upside potential

OVERVIEW

Prime Retail Investment Opportunity in the Heart of El Monte Santa Fe Plaza is a premier ±45,304 SF community shopping center offering investors a rare opportunity to acquire a stable, income-producing asset in one of Los Angeles County’s most established suburban markets. Built in 1988 on ±3.85 acres and meticulously maintained, the property features broad 510-foot frontage along Santa Anita Avenue, generous ±345 surface parking spaces, and exceptional accessibility to major freeways including I-10 and I-605. Currently ±88% leased, Santa Fe Plaza is anchored by national and regional tenants providing a secure, diversified income stream with stable long-term leases complemented by immediate upside through the lease-up of ±5,850 SF of vacant space. The asset delivers steady income supported by strong regional demographics and high daily traffic counts exceeding 30,000 vehicles per day. Santa Fe Plaza combines enduring tenancy, a high-visibility location, and long-term appreciation potential. Value-Add Opportunity 3560 Santa Anita Avenue presents a multi-pronged value-add opportunity for an investor to reposition and enhance long-term returns through several strategic paths. Retail Lease-Up. With three vacant suites currently available, the property offers an immediate opportunity to backfill vacancy with a diversified retail tenant mix, including food and beverage concepts, fitness/wellness users, and other traditional retail tenants that complement the center's existing mix. Achieving market rents of $2.44/SF across the vacant space alone would increase in-place NOI and bring the property to a pro forma cap rate of approximately 6.59% at current pricing. Medical and Medical Services Expansion. The property already benefits from a strong base of medical and healthcare-related tenancy, including dental, physician, and health foundation uses. An investor could lean further into this strategy, targeting additional medical office and medical services users to capitalize on the center's established identity as a healthcare-anchored destination and the durable, often longer-term lease profile associated with this tenant class. Multifamily Residential Development. Given the property's size and configuration, a portion of the site may present an opportunity for multifamily residential development, subject to zoning and entitlement review. This path offers a longer-term, higher-basis strategy for an investor seeking to unlock additional density and diversify the property's income streams beyond retail and medical uses. Each of these strategies can be pursued independently or in combination, offering flexibility for an investor to tailor the property's repositioning to their investment objectives. Property Highlights: - ±45,304 SF neighborhood shopping center on ±3.85 acres - Excellent frontage (510’) along Santa Anita Avenue in a dense, walkable corridor (Walk Score: 86) - ±345 surface parking spaces (5.13/1,000 SF ratio) - Multiple ingress/egress points for easy access and circulation - Anchored by national and regional tenants providing daily foot traffic - Adjacent to Valley Mall and major cross-streets including Ramona Blvd and Valley Blvd (traffic counts exceeding 30,000 VPD) - Located minutes from El Monte Metro Station and major freeways (I-10, I-605) - Ideal for investors seeking stable returns with upside potential through lease-up of remaining ±2,600 SF

FOR SALE DETAILS

PRICE

$16,500,000 USD

PRICE/SF

$569 USD /SF

CAP RATE

Request Cap Rate

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Santa Fe Plaza

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Freestanding

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1988

SPRINKLERS

-

PARKING SPACES

345

LAND DETAILS

LAND ACRES

3.85 AC

LAND SF

167,656 SF

ZONING

SP-4

APN/PARCEL ID

8579-001-023

ASK ABOUT THIS PROPERTY

Robert IpColdwell Banker Commercial RealtyMore Info
626-394-2527

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Robert IpColdwell Banker Commercial RealtyMore Info
626-394-2527

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