1225 DURFEE AVENUE SOUTH EL MONTE, CA 91733 SOUTH EL MONTE HIGH SCHOOL THE GOLDWYN (116 newly developed homes) EL MONTE 1225 DURFEE PECK ROAD
EXECUTIVE SUMMARY Marcus & Millichap has been selected to exclusively market 1225 Durfee Avenue, located just off the northeast corner of Peck Road and Durfee Avenue in South El Monte. 1225 Durfee Avenue is a commercially zoned site consisting of 23,726 square-feet of land, situated immediately off of the Peck Road exit of the Pomona Freeway (60-Fwy). The property benefits from tremendous visibility from traffic moving both east and west along the 60-Fwy, along with additional traffic at the intersection of Peck Road and Durfee Avenue, which is estimated to be north of 250,000 vehicles-per-day. Additional exposure for the subject property is achievable from a 12 x27 double-faced illuminated sign on a 61 foot-high mono-pole. 1225 Durfee Avenue lends itself to numerous potential uses and 24 hour businesses, including restaurant, take-out/donut/coffee shop, office/ medical, 24-hour urgent care, automotive sales/rentals/parts/minor repairs/service/carwash/tires, multi-tenant or single tenant retail, fitness, government, pharmacy, etc. The subject property is located in a densely populated area that continues to grow, with nearby projects such as The Goldwyn developed by Warmington Homes, which consists of 116 new single family attached homes on 5.31 acres just 1 block west of the subject property. Further, 1225 Durfee Avenue is surrounded by a number of local attractions and businesses such as the Rio Hondo College (22,457 total enrollment), the Pico Rivera Sports Arena, Rose Hills Memorial, South El Monte High School, Whittier Narrows Nature Center/Legg Lake. Neighboring businesses & retailers include McDonalds, Mobil & Shell stations, Motel 6, and the Starlight Inn. Included in the sale of the property is a full, double-sided, freeway-facing billboard. The billboard is currently on a month-to-month basis, which leaves an investor or owner-user the ability to renegotiate terms and generate a substantial source of passive income. Call broker for more details. PROPERTY INFORMATION Address Asking Price: $2,450,000 Building Size: Land Size: Price/SF: $1,140 Price/SF Land: $103 Site Year Built 1973 1225 Durfee Avenue, South El Monte, CA 91733 ~2,150 Square Feet ~23,726 Square Feet One parcel east of the northeast corner of Peck Road and Durfee Avenue APN: 8119-008-040 Billboard: Freeway-Facing, Double- Sided / Month to Month- Contact Agent for details 2
23,726 SF 3 1225 Durfee Avenue, South El Monte, CA 91733
Double-Sided, Freeway-Facing Billboard on Month-to-Month Lease Offers Massive Upside CITY OF INDUSTRY 4
INVESTMENT HIGHLIGHTS 23,726 Square-Foot Commercially Zoned Lot Situated Immediately Off of the 60-Fwy Tremendous Visibility - Over 250,000 cars per day Increased Exposure with 61 Foot Double-Sided Signage Double-Sided, Freeway-Facing Billboard on Month-to-Month Lease Offers Massive Upside PECK ROAD Ideal for 24 Business, Restaurant, Medical, Office, Auto, Take-Out/Coffee, Etc. Easily Accessible via 60 Freeway & 605-Freeway 5 1225 Durfee Avenue, South El Monte, CA 91733
Over 250,000 vehicles per-day along combined between the Pomona Fwy and the intersection of Durfee Ave & Peck Rd. SOUTH EL MONTE HIGH SCHOOL THE GOLDWYN (116 newly developed homes) EL MONTE PECK ROAD 6
PROPERTY INFORMATION ADDRESS 1225 Durfee Avenue, South El Monte, CA 91733 SITE One parcel east of the northeast corner of Peck Road and Durfee Avenue SQUARE FOOTAGES The existing structure is approx. 2,150 square-feet. The total lot size is 23,726 square-feet. FRONTAGE AND ACCESS Located immediately off of the 60-Fwy with high visbility from both directions / 61-foot double-faced pole sign visible from Durfee Ave & Peck Rd. YEAR BUILT 1973 TRAFFIC COUNTS Over 250,000 vehicles per-day along combined between the Pomona Fwy and the intersection of Durfee Ave & Peck Rd ZONING Commercial Zone POPULATION Over 550,000 people within a 5-mile radius 7 1225 Durfee Avenue, South El Monte, CA 91733
SALES COMPARABLES # Address Price Sale Date Bldg Sq Ft Land Sq Ft Bldg $/SF Land $/SF Year Built 1 2060 Workman Mill Rd, Whittier, CA 90601 $1,300,000.00 2/1/2018 2,537 21,344 $512.42 $60.91 1986 2 9824 Flair Drive, El Monte, CA 91731 $3,150,000.00 6/15/2017 5,446 40,511 $578.41 $77.76 1968 3 9837 E Baldwin Pl, El Monte, CA 91731 $1,780,000.00 8/8/2018 7,767 17,424 $229.17 $102.16 1969 4 11400 Garvey Ave, El Monte, CA 91732 $1,300,000.00 5/18/2018 1,170 22,651 $1,111.11 $57.39 1997 5 1221 Peck Rd, South El Monte, CA 91733 $2,325,000.00 11/22/2017 8,184 44,867 $284.09 $51.82 1975 6 1955 Rosemead Blvd, El Monte, CA 91733 $2,730,000.00 3/30/2017 1,726 21,357 $1,581.69 $127.83 1965 Average $2,097,500.00-4,472 28,026 $716.15 $79.65-8
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SALES COMPARABLES Address 2060 Workman Mill Rd, Whittier, CA 90601 Address 9824 Flair Drive, El Monte, CA 91731 Address 9837 E Baldwin Pl, El Monte, CA 91731 Sale Date 2/1/2018 Price $1,300,000.00 Bldg Sq Ft 2,537 Land Sq Ft 21,344 Bldg $/SF $512.42 Land $/SF $60.91 Year Built 1986 Sale Date 6/15/2017 Price $3,150,000.00 Bldg Sq Ft 5,446 Land Sq Ft 40,511 Bldg $/SF $578.41 Land $/SF $77.76 Year Built 1968 Sale Date 8/8/2018 Price $1,780,000.00 Bldg Sq Ft 7,767 Land Sq Ft 17,424 Bldg $/SF $229.17 Land $/SF $102.16 Year Built 1969 10
Address Sale Date 5/18/2018 11400 Garvey Ave, El Monte, CA 91732 Price $1,300,000.00 Bldg Sq Ft 1,170 Land Sq Ft 22,651 Bldg $/SF $1,111.11 Land $/SF $57.39 Year Built 1997 Address Sale Date 11/22/2017 1221 Peck Rd, South El Monte, CA 91733 Price $2,325,000.00 Bldg Sq Ft 8,184 Land Sq Ft 44,867 Bldg $/SF $284.09 Land $/SF $51.82 Year Built 1975 Address Sale Date 3/30/2017 1955 Rosemead Blvd, El Monte, CA 91733 Price $2,730,000.00 Bldg Sq Ft 1,726 Land Sq Ft 21,357 Bldg $/SF $1,581.69 Land $/SF $127.83 Year Built 1965 1225 Durfee Avenue, South El Monte, CA 91733 11
AREA OVERVIEW SAN GABRIEL VALLEY Located just east of Downtown Los Angeles, the San Gabriel Valley offers an outstanding quality of life and great business environment. The 31 cities and five large unincorporated communities of the San Gabriel Valley cover an area of 400 square miles with almost 1.8 million residents. This dynamic region offers a variety of lifestyles and business opportunities. From the smaller foothill communities and historic places such as the City of San Gabriel with its centuries old mission, to its bigger cities such as Pasadena, the San Gabriel Valley offers some of the best of Southern California. In a great example of L.A. County s diversity, unincorporated Altadena has wonderful ethnic diversity, with residents ranging from rocket scientists and entertainment industry professionals to trade workers and horse-riding enthusiasts. The San Gabriel Valley is home to leading educational institutions including the California Institute of Technology (Caltech) and California State Polytechnic University, Pomona (Cal Poly). The list also includes the University of La Verne, Azusa Pacific University, the Claremont Colleges, Art Center College of Design, and three outstanding community colleges. Leading research facilities include NASA s Jet Propulsion Laboratory and the City of Hope Medical Center. Cultural icons such as the Rose Bowl and its annual New Year s celebration in Pasadena, the Huntington Library and Gardens in San Marino, Arcadia s Arboretum, and La Cañada s Descanso Gardens are also located in the San Gabriel Valley. Many popular sports and entertainment complexes are found in the San Gabriel Valley including Arcadia s Santa Anita Park (horse racing), the Fairplex in Pomona, and the Speedway at Irwindale. LOCAL GOVERNMENT & BUSINESS International trade, particularly with the Pacific Rim, has become a vital aspect of the local economy. Substantial foreign investments in the area and a growing Asian population have spurred an influx of entrepreneurial spirit and working capital. With seven freeways and two major rail lines, the San Gabriel Valley is well connected to all of Southern California, including the ports of Los Angeles and Long Beach. Key interstate connections give it ready access to the entire Western U.S. and beyond. QUALITY OF LIFE Two Metrolink commuter rail lines connect the communities of the San Gabriel Valley with the rest of Southern California and have led to the creation of new transit-oriented developments that provide a vibrant lifestyle in compact, walkable communities. Housing choices in the San Gabriel Valley range from quaint bungalows and rustic cabins in the foothills and mountains to suburban subdivisions, palatial estates, and trendy townhomes. The area s ethnic diversity is a key strength with residents representing every aspect of a modern global community. It is a safe, high-quality environment in which to live, work, and raise a family. These outstanding assets have attracted top executives, dedicated professionals, adventurous entrepreneurs, and a strong workforce who are ready to contribute to the growth of the local economy. 12
EL MONTE El Monte is a residential, industrial, and commercial city in Los Angeles County, California, the United States. The city lies in the San Gabriel Valley east of the city of Los Angeles. El Monte's slogan is "Welcome to Friendly El Monte" and historically is known as "The End of the Santa Fe Trail." As of the 2010 census, the city had a total population of 113,475, down from 115,965 at the 2000 census. As of 2010, El Monte was the 51st largest city in California. 13 1225 Durfee Avenue, South El Monte, CA 91733
INVESTMENT ADVISOR ANDREW LEFF Senior Associate Tel: (818) 212-2815 Fax: (818) 212-2710 andrew.leff@marcusmillichap.com License: CA: 01865688 SOUTH EL MONTE HIGH SCHOOL THE GOLDWYN (116 newly developed homes) EL MONTE PECK ROAD 1225 DURFEE