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Page 1: All materials and information received or derived from KW ...€¦ · developer, Sherman Oaks-based Grapevine Development, has proposed the construction of a 12-story, 157-foot-highbuilding
Page 2: All materials and information received or derived from KW ...€¦ · developer, Sherman Oaks-based Grapevine Development, has proposed the construction of a 12-story, 157-foot-highbuilding

BROKER OF RECORD251 S. Lake Avenue, Suite 320Pasadena, CA 91101DRE: 01444805

All materials and information received or derived from KW Commercial & Harvest Realty itsdirectors, officers, agents, advisors, affiliates and/or any third party sources are provided withoutrepresentation or warranty as to completeness , veracity, or accuracy, condition of the property,compliance or lack of compliance with applicable governmental requirements, developability orsuitability, financial performance of the property, projected financial performance of the propertyfor any party’s intended use or any and all other matters.

Neither KW Commercial & Harvest Realty its directors, officers, agents, advisors, or affiliates makesany representation or warranty, express or implied, as to accuracy or completeness of the materialsor information provided, derived, or received. Materials and information from any source, whetherwritten or verbal, that may be furnished for review are not a substitute for a party’s active conductof its own due diligence to determine these and other matters of significance to such party. KWCommercial & Harvest Realty will not investigate or verify any such matters or conduct duediligence for a party unless otherwise agreed in writing.

EACH PARTY SALL CONDUCT ITS OWN INDEPENDENT INVESTIGATION AND DUE DILIGENCE.

Any party contemplating or under contract or in escrow for a transaction is urged to verify allinformation and to conduct their own inspections and investigations including through appropriatethird party independent professionals selected by such party.

All financial data should be verified by the party including by obtaining and reading applicabledocuments and reports and consulting appropriate independent professionals. KW Commercial &Harvest Realty makes no warranties and/or representations regarding the veracity, completeness,or relevance of any financial data or assumptions. KW Commercial & Harvest Realty does not serveas a financial advisor to any party regarding any proposed transaction.

All data and assumptions regarding financial performance, including that used for financialmodeling purposes, may differ from actual data or performance. Any estimates of market rentsand/or projected rents that may be provided to a party do not necessarily mean that rents can beestablished at or increased to that level. Parties must evaluate any applicable contractual andgovernmental limitations as well as market conditions, vacancy factors and other issues in order todetermine rents from or for the property. Legal questions should be discussed by the party with anattorney. Tax questions should be discussed by the party with a certified public accountant or taxattorney. Title questions should be discussed by the party with a title officer or attorney. Questionsregarding the condition of the property and whether the property complies with applicablegovernmental requirements should be discussed by the party with appropriate engineers,architects, contractors, other consultants and governmental agencies. All properties and servicesare marketed by KW Commercial & Harvest Realty in compliance with all applicable fair housingand equal opportunity laws.

LIE JUAN YANG

PO Box 245

Rosemead, CA 91770

2

STEVE CHANG Senior Partner

626.381.9885 Direct

626.491.2668 Mobile

[email protected]

DRE # 02028509

Page 3: All materials and information received or derived from KW ...€¦ · developer, Sherman Oaks-based Grapevine Development, has proposed the construction of a 12-story, 157-foot-highbuilding
Page 4: All materials and information received or derived from KW ...€¦ · developer, Sherman Oaks-based Grapevine Development, has proposed the construction of a 12-story, 157-foot-highbuilding

4342 Peck Road

El Monte, CA 91732

8548-001-012

1948

2,600

14,504

EMC3*

4

LIST PRICE: $968,000 ($372.31/SF)

1948/2014YEAR BUILT/RENOVATED

Page 5: All materials and information received or derived from KW ...€¦ · developer, Sherman Oaks-based Grapevine Development, has proposed the construction of a 12-story, 157-foot-highbuilding

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Page 6: All materials and information received or derived from KW ...€¦ · developer, Sherman Oaks-based Grapevine Development, has proposed the construction of a 12-story, 157-foot-highbuilding

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Page 7: All materials and information received or derived from KW ...€¦ · developer, Sherman Oaks-based Grapevine Development, has proposed the construction of a 12-story, 157-foot-highbuilding

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Page 8: All materials and information received or derived from KW ...€¦ · developer, Sherman Oaks-based Grapevine Development, has proposed the construction of a 12-story, 157-foot-highbuilding
Page 9: All materials and information received or derived from KW ...€¦ · developer, Sherman Oaks-based Grapevine Development, has proposed the construction of a 12-story, 157-foot-highbuilding

AGGREGATE INVESTMENT PARTNERS of KW Commercial is proud to

exclusively present the opportunity to purchase this commercial

property at 4342 Peck Road in El Monte, CA. The property is located in

prime north El Monte, just north of Ramona Blvd and the 10 freeway. To

be delivered vacant - perfect for an owner/user or an investor. The

property’s C3/MMU zoning provides a wide range of usage, such as retail

store, restaurant, professional office, and etc. The large private yard is

ideal for a contractor’s yard, or businesses that require a secured parking

lot. Furthermore, the property may offer potential for redevelopment

(buyer to verify with the city). Property sold “As-is”, seller will not make or

pay for any repairs/replacements.

4342 Peck Road has a total building size of ±2,600 SF, sitting on a huge

±14,504 SF lot. The 1st building is ±800 sq. ft., with a large office/retail

space and a restroom. The 2nd building is ±1,800 sq. ft., with 2 offices, a

garage/storage, small kitchen, and a restroom. The property was

completely renovated by the previous owner in 2015. The property

features: 75’ of street frontage (on Peck Road), street signage, 2 drive-in

gates on the front and side of the building, large private yard, and 8

parking spaces. Buyer to verify all information herein. Broker/Agent and

Seller does not guarantee its accuracy.

o COMMERCIAL PROPERTY IN NORTH EL MONTE

o LARGE PRIVATE YARD

o C3/MMU ZONING PROVIDES WIDE USAGE

o STREET SIGNAGE AND 75’ FRONTAGE ON PECK ROAD

o COMPLETELY RENOVATED IN 2015

o POTENTIAL FOR REDEVELOPMENT (BUYER TO VERIFY WITH CITY)

2 restrooms.

2014.

Page 10: All materials and information received or derived from KW ...€¦ · developer, Sherman Oaks-based Grapevine Development, has proposed the construction of a 12-story, 157-foot-highbuilding

MOOSE LODGE

NORWOOD LIBRARY

LAURA’S INCOME

TAX SERVICE

CEREZO BAKERY

SLAVES TO INK

TAEKWONDO

ACADEMY

CRESPO COMPUTER

CASA DEL PRADO

APARTMENTS

FLO’S COFFEE SHOP

CHUCK E CHEESE

DOMINO’S PIZZA

HINGLE FARM

LAMBERT PARK

XPRESS BURGERS

WES’S PETS & FEEDS

EL MONTE

AUTOMOTIVE

POST PIZZA

DORRIS DANN

KIDS CAMPUS

Page 11: All materials and information received or derived from KW ...€¦ · developer, Sherman Oaks-based Grapevine Development, has proposed the construction of a 12-story, 157-foot-highbuilding
Page 12: All materials and information received or derived from KW ...€¦ · developer, Sherman Oaks-based Grapevine Development, has proposed the construction of a 12-story, 157-foot-highbuilding

As the San Gabriel Valley continues to grow so does the City of El Monte through new businesses and quality

housing. Many public improvements are underway to provide an attractive and safe environment for its economic

growth. El Monte has maintained a reputation for a "business friendly attitude" by attracting commercial and retail

businesses as well as international corporations through its Foreign Trade Zone.

Located approximately 12 miles east of downtown Los Angeles, El Monte is the hub of the San Gabriel Valley, where

two major freeways - Interstates 605 and 10 - intersect and is the ninth largest city (out of 88) in Los Angeles County

with a population of approximately 120,000.

The land uses within its 10 square mile area are 58% residential, 11% retail, 10% industrial, 7% office/retail, and 14%

other of amenities. El Monte also has an ethnically diverse and dynamic population with 72% Hispanic, 18% Asian,

and 7% White.

Page 13: All materials and information received or derived from KW ...€¦ · developer, Sherman Oaks-based Grapevine Development, has proposed the construction of a 12-story, 157-foot-highbuilding

The property is conveniently located near Northgate Market, CVS, Sam’s Club, and Lambert Park. This location

provides easy access to the 10 and 605 freeways, and within minutes’ drive to neighboring cities Arcadia, Temple

City, and Rosemead.

Page 14: All materials and information received or derived from KW ...€¦ · developer, Sherman Oaks-based Grapevine Development, has proposed the construction of a 12-story, 157-foot-highbuilding

# EMPLOYERS EMPLOYEES

1 El Monte City School District 731

2 El Monte Union High School 623

3 Mountain View Elementary School District 670

4 Longo Toyota-Lexus 475

5 City of El Monte 429

6 Driftwood Dairy 300

7 El Monte Adult School 300

8 San Gabriel Transit 300

9 M.C. Gill 250

Other business tools include business financing through Grow El

Monte, a pro-active Chamber of Commerce, and a Recycling Market

Development Zone. Several trade and professional colleges are also

located in the city, providing workforce education to support local

businesses.

El Monte is also home to Longo Toyota, the number one auto dealer

in the United States by sales and volume. Other major retail

businesses include Home Depot, Sam's Club, and Sears Essentials.

Major industries include the Von's Distribution Warehouse, Wells

Fargo Operations Center, and regional offices for East West and

Cathay Banks.

Page 15: All materials and information received or derived from KW ...€¦ · developer, Sherman Oaks-based Grapevine Development, has proposed the construction of a 12-story, 157-foot-highbuilding
Page 16: All materials and information received or derived from KW ...€¦ · developer, Sherman Oaks-based Grapevine Development, has proposed the construction of a 12-story, 157-foot-highbuilding

The El Monte Planning Commission signed off on a project which would replace a

surface parking lot just north of the 10 Freeway with a hulking mixed-use complex.

The project, slated for a 3.58-acre site at 3333-3335 Santa Anita Avenue, is the

signature component of the Gateway Specific Plan which surrounds Metro's El

Monte Station - the largest bust terminal west of the Mississippi River. Its

developer, Sherman Oaks-based Grapevine Development, has proposed the

construction of a 12-story, 157-foot-high building containing:

• a 175-room hotel

• approximately 235,000 square feet of retail and office space

• a 37,000-square-foot gym; and

• parking for 1,104 vehicles.

Renderings of the proposed development, called "The Vine at The Gateway," depict

a boxy mid-rise structure featuring a three-level retail concourse capped by a

Marriott Residence Inn hotel. AO, formerly known as Architects Orange, is

designing the building, which would employ a mix of materials including glass,

metal panels, stone, aluminum, and wood.

Parking for the Vine is to be located on eight levels, including two below-ground

and six above-grade. The garage would be largely blocked from view by decorative

screens and habitable spaces placed along street frontages. The City of El Monte

has granted the project an exemption from further review under the California

Environmental Quality Act. A listing for commercial space on the property lists the

completion date for the Vine as sometime in 2024.

Page 17: All materials and information received or derived from KW ...€¦ · developer, Sherman Oaks-based Grapevine Development, has proposed the construction of a 12-story, 157-foot-highbuilding

On a 2.3-acre parcel next to the El Monte Bus Station, concrete and rebar are now

rising for a mixed-use development known as The Paseo at the Gateway.

The project, which is being developed by Grapevine Advisors, will consist of a four-

story building on a featuring 208 market-rate apartments and 25,000 square feet of

ground-floor retail space. Plans call for a mix of studio, one-, and two-bedroom

apartments - each of which will come with a stainless steel appliance package and in-

unit washer-dryer sets.

SVA Architects is designing the project, which will sit atop two levels of parking - one

of which will be located underground - and feature a podium-level amenity deck.

Wide sidewalks will wrap around the low-rise structure, creating space for outdoor

dining and seating. The project will also connect to a nearby bike trail along the path

of the Rio Hondo.

The Paseo is budgeted at approximately $99 million.

The project is the second phase of a 60-acre planned development to the north of the

El Monte Bus Station, which rises on the former El Monte city yard. Construction is

already complete for a 132-unit affordable apartment building on an adjacent parcel.

Page 18: All materials and information received or derived from KW ...€¦ · developer, Sherman Oaks-based Grapevine Development, has proposed the construction of a 12-story, 157-foot-highbuilding

LIE JUAN YANG

PO Box 245

Rosemead, CA 91770

STEVE CHANG Senior Partner

Director

626.381.9885 Direct

626.491.2668 Mobile

[email protected]

DRE # 02028509