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308 N New Avenue

Monterey Park, CA 91755
  • $3,680,000
  • STATUS: Active
  • ON SITE: 243 Days
  • ID#: WS21072804
UPDATED: 56 min ago
$3,680,000
  • 0
    BEDS
  • 0.09
    ACRES
  • 0
    BATHS
  • 0
    1/2 BATHS
  • 1,125
    SQFT
  • $3,271
    $/SQFT
Neighborhood:
Type:
Commercial
Built:
1942
County:

School Ratings & Info

Listing Agent: William Wei of Pinnacle Real Estate Group and Elaine Tran of


Description

Investment Highlight:Ideal for owner operatorLocated in the heart of highly desired areaHighly profitable businessSpecial zoning useRedevelopment opportunitySeller retiring after 30 years in businessExecutive Summary:Rare R3 zoned single story property. 1 corner lot (APN 5286-016-046) plus 2 adjacent lots (APN 5258-007-068, 5258-007-067) across the street. Seller is retiring after running this successful pre-school at this location for 30 years. Seller is selling the business personal properties and the real estate together. This portfolio of properties has a lot of potential with current business or redevelopment. This is truly a great opportunity not to miss.

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Based on information from California Regional Multiple Listing Service, Inc. as of 2021-12-06T23:25:24.58. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is deemed reliable but is not guaranteed accurate by the MLS or Twiss Realty. Licensed in the State of California, USA.
www.twissrealty.com/homes/115854611
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308 N New Avenue Monterey Park, CA 91755

  • Price: $3,680,000
  • Status: Active
  • On Site: 243 Days
  • Updated: 56 min ago
  • ID#: WS21072804
0
Beds
0
Baths
0
½ Baths
0.09
Acres
1,125
SQFT
$3,271
$/SQFT
1942
Built
Neighborhood:
641 - Monterey Park
County:
Los Angeles
Area:
641 - Monterey Park
Property Description
Investment Highlight:Ideal for owner operatorLocated in the heart of highly desired areaHighly profitable businessSpecial zoning useRedevelopment opportunitySeller retiring after 30 years in businessExecutive Summary:Rare R3 zoned single story property. 1 corner lot (APN 5286-016-046) plus 2 adjacent lots (APN 5258-007-068, 5258-007-067) across the street. Seller is retiring after running this successful pre-school at this location for 30 years. Seller is selling the business personal properties and the real estate together. This portfolio of properties has a lot of potential with current business or redevelopment. This is truly a great opportunity not to miss.
Exterior Features

Lot Features 2-5 Units/AcreRectangular Lot Sign On Property YN No

Property Features

Additional Parcels YN Yes Business Type Child CareVariety Common Interest None Current Financing None Laundry Features None Lease Considered YN No Listing Agreement Exclusive Right To Sell Listing Service Full Service Listing Terms CashCash To New Loan1031 Exchange Property Sub Type Multi Family Special Listing Conditions Standard Water Source Public



Based on information from California Regional Multiple Listing Service, Inc. as of 2021-12-06T23:25:24.58. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is deemed reliable but is not guaranteed accurate by the MLS or Twiss Realty. Licensed in the State of California, USA.
 
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Twiss Realty
5071-A Cole Road
Mariposa CA, 95338
Listing Agent: William Wei of Pinnacle Real Estate Group and Elaine Tran of