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10952 Main StreetEl Monte, CA 91731Price: $980,000

  • Price: $980,000
  • 110 Days on Market
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Federal 30-year interest rate: 2.96% last updated on Jun 10, 2021
* All Figures are estimates. Check with your bank or proposed mortgage company for actual interest rates.
This product uses the FRED® API but is not endorsed or certified by the Federal Reserve Bank of St. Louis.
  • $980,000List Price
  • 0.19Acreage

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Listed by FRANKLIN SHEN of REALTY ADVISORS INTL, INC.
Excellent opportunity for an owner-user or investor. An attractive store building located amidst the hustle and bustle of Valley Mall, the historical commercial corridor in downtown El Monte. The building sits on a large lot adjoining the free public parking lot. Almost fifty-feet of glass store front along the Main Street presents great curb appeal. The storefront has two entrances and can be easily divided into two units. Renovated interior features open high ceiling, upgraded lighting, and laminated floor. Very convenient location with heavy foot traffic and dense residential population in the immediate trade area. The building's C2 zoning allows a wide variety of uses. Valley Mall has been undergoing a multi-year urban revitalization under the city's Downtown Main Street Transit-Oriented Development Specific Plan. The ultimate goal is to transform the Downtown into a central shopping and entertainment district that contains retail stores, neighborhood services, office spaces, and restaurants with outdoor dining; complemented by broad sidewalks, plazas and parks designed with music and performance areas. Up to 2,200 residential units and 500,000 square feet of commercial space will be developed by the year 2035. With historically low interest rate, it is the perfect time to own a piece of the gentrifying area below replacement costs.

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 "Based on information submitted to CA_CRMLS as of June 14, 2021 3:57 PM EDT . All data is deemed reliable but is not guaranteed accurate by the MLS. All information should be independently reviewed and verified for accuracy. IDX information is provided exclusively for consumers’ personal, noncommercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing."

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