T & T Plaza | 112 N Chandler Ave
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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)
Nearby Major Retailers
PROPERTY TAXES
Parcel Number | 5256-006-110 | Total Assessment | £1,667,761 (2024) |
Land Assessment | £917,269 (2024) | Annual Taxes | £23,347 (£3.17/sf) |
Improvements Assessment | £750,493 (2024) | Tax Year | 2023 |
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
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T & T Plaza | 112 N Chandler Ave
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