2402 Seaman Avenue
South El Monte, CA, 91733 $ 5,490,000
Baths0.0 Sq 20,866 Monthly Estimate*
$ 36,488
Listed by GIG Real Estate Inc.
Studio
for $5,490,000. This 20,866 square foot building was built in 1956 on a lot size of 0.8197.
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.
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FeaturesGeneralHeating Central
Cooling CentralAir
Utilities CableAvailable ElectricityConnected NaturalGasConnected PhoneAvailable SewerConnected WaterConnected
Roof Flat
Zoning SEM
Construction Materials Drywall Concrete
Year Built 1956
Electric Standard
Property SubType Industrial
Business Type Commercial Industrial
County Los Angeles
New Construction N
Property Type CommercialSale
HOA / Comm Assn N
Attached Garage N
Garage Y/N N
Special Listing Conditions Standard
Status ActiveUnderContract
Directions about 2 blocks south of Garvey Ave and 3 blocks west of Rosemead Blvd
City South El Monte
View Y/N N
Senior Community Y/N N
Open Parking Spaces 29.0
NumberOfUnitsTotal 3
MLS Area 657 - So. El Monte
Lot Size Units SquareFeet
Lot Size Square Feet 35706.0
Private Pool N
Waterfront Y/N N
Carport Spaces 0.0
Carport Y/N N
Number of Units Leased 2
Street Name Seaman
Listing Terms Cash CashtoNewLoan
Property Attached Y/N N
Land Lease Y/N N
Home Warranty Y/N N
Current Financing Conventional
Lease Renewal Y/N N
Additional Parcels Y/N N
Lease Considered Y/N N
Rent Control Y/N N
Days on Market 342
Building Area Units SquareFeet
Standard Status ActiveUnderContract
Occupancy Type Tenant
Year Built Source Assessor
Virtual Tour http://growthinvestmentgroup.com/listingdetail.aspx?pid=10382
Property Sub Type Additional Industrial
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ExteriorLot Features CornerLot Level NearPublicTransit RectangularLot StreetLevel
Water Source Public
Total Parking 29.0
Lot Size Area 35706.0
Number of Buildings 3
Spa N
Building Area Total 20866.0
Street Suffix Avenue
Lot Size Acres 0.8197
Lot Size Source Assessor
Crops Included Y/N N
Open Parking Y/N N
Horse Y/N N
Irrigation Water Rights Y/N N
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InteriorBasement (Y/N) N
Air Conditioning Y/N Y
Heating Y/N Y
Fireplace Y/N N
Laundry Features None
Electric On Property Y/N N
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* Excluded FeaturesList ByGig Real Estate Inc.Broker
Affordability Calculator
- Monthly Principal & Interest
- $36,488
- Monthly Property Taxes
- --
- Monthly Home Insurance
- --
Default based on a 30-year fixed rate of 6.99% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.
Learn more about how to save NearbyCommerical listings in South El Monte, CA
Average List Price $3,364,889
Percent of Sale Price 39%
About South El Monte, CA 21,986 Population
1% Since 2002
$ 42,999 Median Income
33.46 Median Age
35% Households with Children
Trends Information provided by ATTOM Data Solutions.
273443 Elementary School
272636 Middle School
Unknown High School High School
Pricing HistoryDate | Price | Price Change | Description |
---|
11/2/2022 | $5,490,000 | | Listed Price |