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Christina Lam & Billy Lam Acquire Retail Property In El Monte, CA For $1.6M

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SOLD
$1,600,000

California

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Retail4,034 SF
Sold 09/23/2022
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Property Image
SOLD

Christina Lam & Billy Lam Acquire Retail Property In El Monte, CA For $1.6M

10733 Lower Azusa Road

See Similar Deals
Retail4,034 SF
Sold 09/23/2022
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Summary

CALIFORNIA
Asset Type:Retail
Price Per Square Foot:$396
Total Square Footage:4,034 SF
Transaction Type:Sale

The retail property located at 10733 Lower Azusa Rd in El Monte, CA has been sold in a recent transaction. The property spans a total of 4,034 square feet and was sold for a price of $1,600,000, resulting in a price per square foot of $397. The property is situated in the El Monte market, offering potential for retail business opportunities.

Summary of transaction details

The transaction was facilitated by brokers Brandon Michaels, Matthew Luchs, and Andy Kawatra from Marcus & Millichap. They represented the buyer Christina Lam & Billy Lam and worked with the seller, Eddy Cheung. With their expertise, the deal successfully closed, providing a valuable opportunity for both the buyer and the seller.

Players

Brandon Michaels
138 deals$747.9M volume(818) 292-3175
BROKER

Andy Kawatra
Marcus & Millichap
27 deals$83M volume
BROKER

Matthew Luchs
Zacuto Group
90 deals$494.5M volume(818) 519-1429
BROKER

Details

SOLD
IMAGE: Brandon Michaels, Matthew Luchs & Andy Kawatra DATE: 09/23/2022 ADDRESS: 10733 Lower Azusa Rd MARKET: El Monte, CA ASSET TYPE: Retail BUYER: Christina Lam & Billy Lam SELLER: Eddy Cheung BROKERS: Brandon Michaels (@BrandonMichaelsGroup), Matthew Luchs (@MatthewLuchs) & Andy Kawatra (@Gettinswiggywitit) - Marcus & Millichap SALE PRICE: $1,600,000 SF: 4,034 ~ PPSF: $397

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Deal Type
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)

$85,333.32

Debt Service Coverage Ratio (DSCR)

0.94x

Cap Rate

5.33%

Cash Flow (Annual)-$5,684.48
Cash-on-Cash Return-1.27%
Monthly Debt Service$7,584.82
Annual Debt Service$91,017.80