Under Contract
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Property Details
Address
438 El Mercado Ave, Monterey Park, CA 91745
Price
$3,250,000
# of Units
13
Status
Under Contract
Building Size
4,768 SF
Price/Unit
$250,000
CAP Rate
N/A
Year Built
1948
GRM
N/A
Type
Motel
Lot Size
9,355 SF
Price/SF
$682
Property Information
Welcome to 438 El Mercado Ave a rare 13-unit Motel in the city of Monterey Park, CA. PRIME location -walking distance to Monterey Park Mall, Monterey Park Hospital, Barnes Park, Sequoia Park, and Cascades Park. Less than 1 mile away from AMC Theatre, 99 Ranch Market, NBC Seafood, LA Fitness and Atlantic Times Square. Many developments and improvements nearby including Celadon Project, Whitmore Villas Condominium Project, Holiday Inn Suites, South Garfield Village with integration with Metro Gold Line extension. Centrally located with easy access to 10 FWY and 60 FWY.
