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2843 Meeker Ave 3,065 SF 100% Leased Retail Building El Monte, CA 91732 $2,360,051 CAD ($770.00 CAD/SF)
Investment Highlights
- Prime Garvey Avenue frontage located at 11534 Garvey Ave with Hair Salon ($2250/month) and Religious Room/Music Shows($2200/month).
- Extra Income $$$$$$ - Large rear lot is currently leased to a nearby auto shop for parking $2200/month.
- Single-family residence at 2843 Meeker Ave, Monthly Rent $3500/month.
Executive Summary
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.
Property Facts
Sale Type
Investment
Property Type
Retail
Property Subtype
Freestanding
Building Size
3,065 SF
Building Class
C
Year Built
1934
Price
$2,360,051 CAD
Price Per SF
$770.00 CAD
Percent Leased
100%
Tenancy
Multiple
Building Height
1 Story
Building FAR
0.25
Lot Size
0.28 AC
Opportunity Zone
Yes
Zoning
MMU - Mixed/Multiuse
Parking
6 Spaces (3.14 Spaces per 1,000 SF Leased)
Frontage
80’ on Garvey Ave
Amenities
- Bus Line
- Signalized Intersection
Moderately walkable
60/100
Exceptionally drivable
100/100
Some public transit
50/100
Moderately bikeable
60/100
Nearby Major Retailers
Property Taxes
| Parcel Number | 8105-006-006 | Improvements Assessment | $487,036 CAD |
| Land Assessment | $718,178 CAD | Total Assessment | $1,205,214 CAD |
Property Taxes
Parcel Number
8105-006-006
Land Assessment
$718,178 CAD
Improvements Assessment
$487,036 CAD
Total Assessment
$1,205,214 CAD
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2843 Meeker Ave
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