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PendingLuxury

$5,490,000

35,706 sqft$154/sqft1466 days on market

2402 Seaman Avenue

South El Monte, CA 91733

· 8% down, 7% APR, 30yr fixed

—

Beds

—

Baths

35,706

Square feet

1956

Built

Listing narrative

Description

2402 Seaman Ave is a single-story multi-tenant industrial property. It is priced to sell at much lower price per SF compared to competing properties in the El Monte/South El Monte industrial submarket. The property has been under the same family ownership since the1990s (±30 years ownership). Seaman Ave features a ±20,866 SF building and situated on a ±35,706 SF CORNER lot (M zoned – buyer to verify). This very well-located industrial property is in the City of South El Monte, a block from Garvey Ave, 2 blocks from FWY 19/ Rosemead Blvd, and offers excellent access to multiple freeways (FWY 10, FWY 60, and FWY 605). These freeways provide direct access to Downtown Los Angeles, the Port of Los Angeles & Port of Long Beach, City of Industry, and Inland Empire. 2402 Seaman Ave is a versatile industrial property with logistics, light manufacturing, and flex industrial opportunities. With 2 buildings it features a total of (3) units (2402 Seaman, 2408 Seaman, and 9919 Klingerman). These units are separately metered for electricity, have flexible office/showroom space, plumbed restrooms, kitchenettes, ample parking (29 total spaces), and paved and securely gated lots. 2402 & 2408 Seaman have 1 water meter. 2408 Seaman has ±8,800SF space with a bonus mezzanine (not included in building total – buyer to verify), and it is vacant, offering an opportunity for an owner-user to occupy the space, 3PL, or flex industrial. It has one (1) loading dock (access from alley), and two (2) grade loading doors with access to the street and interior gated lot. The space has small office areas; warehouse portion has ±15ft-17ft clear heights (buyer to verify). The (2) occupied units are (2402 Seaman and 9919 Klingerman) are leased by long-term tenants, each with lease terms ending in 2024. 9919 Klingerman has ±8,000SF of space with good distribution of warehouse space & a showroom/office. It has two (2) grade loading doors.

Listing agent (MLS): Handoko Chen · Listing brokerage (MLS): GIG Real Estate Inc.

Property Details

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Price

$5,490,000

Beds

Beds n/a

Type

Commercial

MLS subtype

Industrial

Home Size

35,706 sqft

Baths

Baths n/a

Lot Size

0.82 acres

Year

1956

Neighborhood

South El Monte

Status

Pending

Days on Market

1466

$ / Sqft

$154

· 8% down, 7% APR, 30yr fixed
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Courtesy of GIG Real Estate Inc.