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T & T Plaza 112 N Chandler Ave

7,376 SF 100% Leased Retail Building Monterey Park, CA 91754 £3,206,000 (£435/SF) 2.89% Net Initial Yield

Investment Highlights

  • Mixed-use commercial building & big lot is in the heart of Monterey Park.
  • Fresh paints and new roofs with no hassle of maintenance.
  • Easy access to 10 fwy, 60 fwy and 710 fwy.
  • 100% leased. Stable cashflow.

Executive Summary

Well kept 7 unit commercial building in very desirable area of Monterey Park. Building has recently been repainted and has a new roof installed. Long standing tenants and anchored by No. 1 Charcoal BBQ. Conveniently located near 10 fwy and 60 fwy. Lots of potential for growth.

Financial Summary (Actual - 2023)

Annual Annual Per SF
Gross Rental Income £123,303 £16.72
Other Income - -
Vacancy Loss - -
Effective Gross Income £123,303 £16.72
Taxes £23,347 £3.17
Operating Expenses £7,168 £0.97
Total Expenses £30,515 £4.14
Net Operating Income £92,788 £12.58

Financial Summary (Actual - 2023)

Gross Rental Income
Annual £123,303
Annual Per SF £16.72
Other Income
Annual -
Annual Per SF -
Vacancy Loss
Annual -
Annual Per SF -
Effective Gross Income
Annual £123,303
Annual Per SF £16.72
Taxes
Annual £23,347
Annual Per SF £3.17
Operating Expenses
Annual £7,168
Annual Per SF £0.97
Total Expenses
Annual £30,515
Annual Per SF £4.14
Net Operating Income
Annual £92,788
Annual Per SF £12.58

Property Facts

Sale Type
Investment or Owner User
Property Type
Retail
Property Subtype
Freestanding
Building Size
7,376 SF
Building Class
C
Year Built
1986
Price
£3,206,000
Price Per SF
£435
Net Initial Yield
2.89%
NOI
£92,788
Percent Leased
100%
Tenancy
Multiple
Number of Floors
1
Building FAR
0.37
Lot Size
0.46 AC
Zoning
MPR3* - Commercial Store Combination - Store & Office Comb
Parking
30 Spaces (4.07 Spaces per 1,000 SF Leased)
Frontage
52 ft on North Chandler Avenue

Amenities

  • 24 Hour Access
  • Courtyard
  • Signage
  • Tenant Controlled HVAC
  • Air Conditioning

MAJOR TENANTS

  • Tenant
  • Industry
  • SF OCCUPIED
  • RENT/SF
  • Lease Type
  • Lease End
  • #101 / #102
  • Accommodation and Food Services
  • 2,882 SF
  • £1.17
  • Plus All Utilities
  • Mar 2026
  • #103
  • Service type
  • 900 SF
  • £2.04
  • Plus All Utilities
  • Sep 2027
  • #104 / #105
  • Information
  • 1,800 SF
  • £1.59
  • Plus All Utilities
  • Dec 2025
  • #201
  • Finance and Insurance
  • 951 SF
  • £1.51
  • Plus All Utilities
  • Dec 2026
  • #202
  • Service type
  • 765 SF
  • £0.99
  • Plus All Utilities
  • Mar 2027
Tenant Industry SF OCCUPIED RENT/SF Lease Type Lease End
#101 / #102 Accommodation and Food Services 2,882 SF £1.17 Plus All Utilities Mar 2026
#103 Service type 900 SF £2.04 Plus All Utilities Sep 2027
#104 / #105 Information 1,800 SF £1.59 Plus All Utilities Dec 2025
#201 Finance and Insurance 951 SF £1.51 Plus All Utilities Dec 2026
#202 Service type 765 SF £0.99 Plus All Utilities Mar 2027
Walk Score ®
Walker's Paradise (90)
What is a Walk Score®, Transit Score® & Bike Score®?
Walk Score® measures the walkability of any address.
Transit Score® measures access to public transit.
Bike Score® measures bikeability of a location.
What is a Walk Score®
, Transit Score® & Bike Score?
Walk Score® measures the walkability
of any address. Transit Score®
measures access to public transit. Bike Score®
measures bikeability of a location.®

Nearby Major Retailers

Marie Callender's Restaurant & Bakery
Royal Business Bank
Starbucks
99 Ranch Market
Bank of America
Ralphs
East West Bank
Bank of Montreal
24 Hour Fitness
Chase Bank

PROPERTY TAXES

PROPERTY TAXES

Parcel Number
5256-006-110
Land Assessment
£917,269 (2024)
Improvements Assessment
£750,493 (2024)
Total Assessment
£1,667,761 (2024)
Annual Taxes
£23,347 (£3.17/sf)
Tax Year
2023
  • Listing ID: 31459911

  • Date on Market: 06/10/2023

  • Last Updated:

  • Address: 112 N Chandler Ave, Monterey Park, CA 91754

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