3440 Wilshire Blvd. Ste #490, Los Angeles, CA 90010 Tel: 213-263-2514, Fax: 213-263-2615 Marketing Package for Garfield and Property Location: 888 N Garfield Ave, Montebello, CA 90640 Price: $2,000,000 including Property and Business Square Feet: Lot Size: 5,241 SF Property Type: Commercial Building Style: Owner Occupied Building Property Usage: Service Shop Contact Point: Kenny Yoo 213-379-2221, Kenny.yoo2013@gmail.com
Property Summary Report 888 N Garfield Ave - Montebello, CA 90640 - Southeast Los Angeles Submarket BUILDING Type: Retail Subtype: Storefront Tenancy: Single Year Built: 1953 GLA: Floors: 1 Typical Floor: Construction: Reinforced Concrete LAND Land Area: 0.12 AC Zoning: C2, Montebello Parcel 5268-001-012 EXPENSES PER SF Taxes: $3.68 (2017) KEY TENANTS Garfield 4,964 SF LEASING Available Spaces: 500-4,900 SF Available in 2 Spaces Availability: 100% Available; 100% Vacant AVAILABLE SPACES Floor Suite Use Type SF Avail Flr Contig Bldg Contig Rent Occupancy Term P 1st A Retail Relet 4,900 4,900 4,900 $1.75/NNN Vacant Negotiable P 1st B Retail Relet 500 500 500 $5.00/MG Vacant Negotiable SALE Last Sale: Sold on May 15, 2015 for $1,250,000 ($231.48/SF) TRAFFIC & FRONTAGE Traffic Volume: 14,246 on Via Campo & N Garfield Ave (2017) 34,116 on N Garfield Ave & Via Daviso (2017) Frontage: 51' on Garfield Ave Made with TrafficMetrix Products Page 1
Property Summary Report 888 N Garfield Ave - Montebello, CA 90640 - Southeast Los Angeles Submarket TRANSPORTATION Parking: 4 Surface Spaces are available; Ratio of 0.81/1,000 SF Commuter Rail: 7 minute drive to Montebello/Commerce Commuter Rail (Riverside Line) Airport: 25 minute drive to Long Beach-Daugherty Field Airport Walk Score : Very Walkable (76) Transit Score : Some Transit (35) PROPERTY CONTACTS True Owner: Amirian-Stephanian Family Trust Recorded Owner: Amirian-Stephanian Family Trust Prior True Owner: W & H Chois, Inc. MARKET CONDITIONS Vacancy Rates Current YOY Current Building 100% 100% Submarket 1-3 Star 3.4% -0.2% Market Overall 3.8% -0.1% NNN Asking Rents Per SF Current YOY Current Building $1.75 Submarket 1-3 Star $2.09 0.8% Market Overall $2.69 0.9% Submarket Leasing Activity Current YOY 12 Mo. Leased SF 522,691 8.5% Months On Market 10.7 0.3 mo Submarket Sales Activity Current YOY 12 Mo. Sales Volume (Mil.) $290.6 184.4% 12 Mo. Price Per SF $331 2.6% Page 2
Aerial / Map Report 888 N Garfield Ave - Montebello, CA 90640 Page 3
Aerial / Map Report 888 N Garfield Ave - Montebello, CA 90640 Page 4
Demographic Summary Report Building Type: Secondary: GLA: Year Built: General Retail Storefront 1953 888 N Garfield Ave, Montebello, CA 90640 Total Available: % Leased: Rent/SF/Mo: 0% $2.05 Radius 1 Mile 3 Mile 5 Mile Population 2023 Projection 25,607 257,511 730,662 2018 Estimate 25,234 254,145 722,159 2010 Census 24,750 251,303 719,767 Growth 2018-2023 1.48% 1.32% 1.18% Growth 2010-2018 1.96% 1.13% 0.33% 2018 Population by Hispanic Origin 17,174 169,766 520,002 2018 Population 25,234 254,145 722,159 White 17,568 69.62% 170,448 67.07% 521,029 72.15% Black 232 0.92% 2,505 0.99% 9,873 1.37% Am. Indian & Alaskan 416 1.65% 4,108 1.62% 13,180 1.83% Asian 6,483 25.69% 72,430 28.50% 164,824 22.82% Hawaiian & Pacific Island 44 0.17% 447 0.18% 1,370 0.19% Other 490 1.94% 4,207 1.66% 11,883 1.65% U.S. Armed Forces 12 145 191 Households 2023 Projection 8,193 74,810 203,162 2018 Estimate 8,075 73,826 200,758 2010 Census 7,921 72,968 199,930 Growth 2018-2023 1.46% 1.33% 1.20% Growth 2010-2018 1.94% 1.18% 0.41% Owner Occupied 4,840 59.94% 35,627 48.26% 89,477 44.57% Renter Occupied 3,235 40.06% 38,199 51.74% 111,281 55.43% 2018 Households by HH Income 8,074 73,826 200,757 Income: <$25,000 1,497 18.54% 18,786 25.45% 51,678 25.74% Income: $25,000 - $50,000 1,889 23.40% 17,790 24.10% 49,486 24.65% Income: $50,000 - $75,000 1,376 17.04% 12,560 17.01% 35,570 17.72% Income: $75,000 - $100,000 1,028 12.73% 8,816 11.94% 24,083 12.00% Income: $100,000 - $125,000 695 8.61% 5,476 7.42% 15,752 7.85% Income: $125,000 - $150,000 684 8.47% 3,788 5.13% 9,306 4.64% Income: $150,000 - $200,000 570 7.06% 3,684 4.99% 8,368 4.17% Income: $200,000+ 335 4.15% 2,926 3.96% 6,514 3.24% 2018 Avg Household Income $80,111 $70,196 $66,911 2018 Med Household Income $62,876 $50,650 $49,507 Page 5
Traffic Count Report Building Type: Secondary: GLA: Year Built: Total Available: % Leased: Rent/SF/Mo: General Retail Storefront 1953 0% $2.05 888 N Garfield Ave, Montebello, CA 90640 Count Avg Daily Volume Miles from Street Cross Street Cross Str Dist Year Volume Type Subject Prop 1 Via Campo N Garfield Ave 0.14 W 2017 14,246 MPSI.11 2 N Garfield Ave Via Daviso 0.02 S 2017 34,116 MPSI.15 3 Via Campo St Via Campo 0.03 E 2017 10,828 MPSI.19 4 S Garfield Ave W Fernfield Dr 0.05 S 2017 24,500 MPSI.20 5 N Wilcox Ave Via Paseo 0.11 S 2017 25,505 MPSI.26 6 Via Campo St Via Campo 0.12 E 2011 11,341 ADT.29 7 Wilcox Ave E Gleason St 0.02 N 2017 8,500 MPSI.31 8 E Pomona Blvd Fulton Ave 0.06 E 2017 20,150 MPSI.33 9 N Garfield Ave Via Altamira 0.04 NE 2017 27,240 MPSI.38 10 E Markland Dr Bluffdale St 0.01 E 2017 5,400 MPSI.41 Page 6