4988-4990 Santa Anita Ave
Temple City, CA 91780

The complex located at 4988 Santa Anita Avenue is a mixed-use residential/retail property in El Monte, California directly adjacent to the southeast border of Temple City. El Monte is a residential, industrial and commercial City in the San Gabriel Valley of Los Angeles County and is roughly 13 miles east of the City of Los Angeles. Located at the corner of Santa Anita Ave and W Hondo Pkwy, the property has major street frontage and is comprised of four (4) buildings which include six (6) retail units, one (1) restaurant, ten (10) one-bedroom one-bath apartments, two (2) two-bedroom one-bath apartments, one (1) two-bedroom one-and a-half bath townhome and four (4) storage garages. The apartment units are fully occupied and there is one vacant retail unit. There is potential to repurpose retail space being used as storage into leasable retail units or into one larger retail space. The property is situated on a .79 acres (34,172 SF) single lot with roughly 18,631 SF of rentable space. The property has one point of ingress and egress located at the north-west side of the lot from Santa Anita Avenue and one point of ingress and egress located at the south-east side of the property from W Hondo Parkway. The road surfaces are asphalt and in good condition. The property has 55 marked spaces including 8 covered spaces, 55 open spaces and ample street parking. The tenants of the retail and residential units all have designated parking spots. There is minimal on-site landscaping and enclosed trash bins. The corner building has moderate signage facing both Santa Anita Avenue and W Hondo Drive. The complex has City Water and Sewer and the individual units are direct-metered for gas and electric. *Golden State Water Company services the property and all units are on the master meter. The seller pays for water and trash for all units and passes-through water to the existing restaurant and the additionally vacant retail space with two sub-meters according to the Seller. Sewer is paid for by the seller on the property tax bill. According to the Assessor’s Records, there are five buildings on the .7948 (34,621 Sqft) acre lot (APN: 8574-011-032). The square footage for each building is described as follows: Building #1 = 14,550 Sqft improvement. 3 Units, Zoning EMC3 (Stores, Residential, Built in 1960) Building #2 = 1,297 Sqft improvement (Stores, Residential, Built in 1960) Building #3 = 10,469 Sqft (Stores, Residential, Built in 1952). This Building was expanded to 14,550 SF in 1960. Building #4 = 1,080 Sqft, 2 bedrooms (Residential, Built in 1964) Building #5 = 1,704 Sqft – 2 units, 4 bedrooms (Residential, Built in 1954) The total square footage of improvements per the Assessor’s Records is 18,631 Sqft. The seller is measuring the interiors of each unit type; retail, residential, garage and storage to determine the actual rentable footage for each category. The actual Assessor’s documents are available on the due diligence portal by request. The overall condition of the retail/multi-family units and the infrastructure needs to be determined by an inspection. A potential investor can also investigate the ability to pass-through water, sewer and trash to the retail/multi-family tenants through a RUBS program or sub-metering.