El Monte, CA 91731,10029 Vally Blvd
El Monte, CA 91731,10029 Vally Blvd
El Monte, CA 91731,10029 Vally Blvd
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$205,000

$240,000

14.6%
Est.Price: ?

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Est. payment /mo

SOLD DATE : 11/05/2021

Key Details

Sold Price $205,000

Property Type Commercial

Listing Status Sold

Purchase Type For Sale

MLS Listing ID RS21105929

Sold Date 11/05/21

HOA Y/N No

Year Built 1936

Lot Dimensions Assessor

Property Description

The seller has been running a liquor store with the couple husband and wife for 32 years. The Liquor was first opened in 1964. The owner has a record of 32 years of sales and an accurate tax return record. The store features steady sales every month, and there are a lot of old regular customers. In addition, a facility with hundreds of low-income senior apartments managed by El Monte City will soon be completed. It is right in front of the store. Also, since there are no competing stores around, sales are always on sale. Satisfied. We have a private office, kitchen, toilet, and shower. There are 3 storage and a parking lot for convenient inventory loading. Current average sales are $49,000 Net income is $12,000 per month. The current owner wants to sell the store due to retirement. The owner has been running the business for 32 years without any accidents or violations. All equipment in the store is in excellent condition. If you are looking for a stable income, choose this store, it will be your best investment. It is on sale for $240000 including inventory. Inventory $30,000.The lease term is 3 years and option 3 years Sigle NNN-Net lease. A lease extension is no problem at all, This is because the building owner sincerely wants to continue the Liquor Store. Don't miss a good store. It is a store located in the three-way corner of the independent building. Store size 1,800sf
Lot size 5.449 sf.

Location

State CA

County Los Angeles

Area 619 - El Monte

Zoning EMC3

Interior

Fireplace No

Others

Tax ID 8577015020

Financing Cash

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California Regional MLS (CRMLS)
Listed by Edward Oh • Berkshire Hathaway HomeService
Bought with NONE NONE • None MRML
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