12207 12213 Valley BLVD new Save Request In-Person Tour Request Virtual Tour
El Monte,CA 91732
Key Details
Property Type Commercial
Sub Type Retail
Listing Status Active
Purchase Type For Sale
MLS Listing ID AR25250132
HOA Y/N No
Year Built 1946
Lot Size 1.306 Acres
Lot Dimensions Assessor
Property Sub-Type Retail
Property Description
12207-12213 Valley Blvd and 3122 Maxson Rd, a single tenant automotive dealership located along the well-known Valley Blvd in El Monte, CA. This is the first time these properties ever offered for sale since the owner bought the first one in 1979 (±45 years). This property offers a unique opportunity for savvy developers providing a clean slate redevelopment project. Situated on a large ±1.3-acre (±56,898 SF) corner lot, the site boasts approximately ±183 feet of prime street frontage along the highly sought-after Valley Blvd. This area is renowned for its rapid redevelopment, with many significant projects either completed or in progress. Recent residential condominiums' sales comparable show attractive sold condo prices ranging from $645,000 to $742,000 per condo (MLS sales comps from May 2024 - buyer to verify). The property is zoned C3 (Commercial Mixed-Use, buyer to verify), offering a variety of potential uses, including residential (R4) and commercial (refer to Development Guidelines for details). The site benefits from a daily traffic count of approximately ±23,380 vehicles on Valley Blvd and ±214,000 VPD on 10FWY, providing superb exposure. Valley Blvd serves as the primary retail corridor for several cities in the San Gabriel Valley, including Alhambra, San Gabriel, Rosemead, and El Monte. The flow of both foreign capital and local investments has fueled rapid growth and development in the region over the past decade.
Currently, the property houses a single-story car dealership and auto-body shop totaling ±9,389 SF, divided into several units. The anchor tenant, Lucy's Auto Dealership, occupies about 85% of the space (±8,000 SF), with the remaining area leased to an auto-body shop. The property includes expansive parking, adding further value to the investment.
The C3 zoning allows for a wide range of redevelopment options. Potential uses include mixed-use residential, retail and office spaces, community care facilities, assembly & entertainment venues, and more. A buyer may also consider subdividing the lot for residential development on one parcel while maintaining commercial use on another, or even redeveloping the site into a hotel. Buyers should conduct their own investigations with the city of El Monte to explore specific opportunities.
The property is strategically located along Valley Blvd, a major retail corridor in the west San Gabriel Valley, which is particularly popular among affluent Asian investors from China, Taiwan.
Location
State CA
County Los Angeles
Area 619 - El Monte
Zoning C3
Interior
Heating Wall Furnace
Cooling Wall/Window Unit(s)
Fireplace No
Laundry None
Exterior
Fence Wrought Iron
Utilities Available Cable Connected,Electricity Connected,Natural Gas Connected,Phone Available,Sewer Connected,Water Connected
Roof Type Flat
Present Use Commercial
Total Parking Spaces 100
Building
Lot Description Lot Over 40000 Sqft,Level,Near Public Transit,Rectangular Lot
Story 1
Water Public
Others
Tax ID 8565021006
Security Features Closed Circuit Camera(s),Carbon Monoxide Detector(s)
Acceptable Financing Cash,Cash to New Loan,Owner May Carry
Listing Terms Cash,Cash to New Loan,Owner May Carry
Special Listing Condition Standard
Lease Land No