1014 & 1018 Mooney DriveMonterey Park, CAO�ering Memorandum

Andrew WilkeyInvestment AssociateDRE: 01998185Andrew@KennyStevensTeam.Com(949) 355-3384

Presented By:

Neighborhood Overview

Neighborhood Description

Nearby Developments

Local Hotspots

Property Summary

Property Description

Property Details

Photography

Financials

Rental Comps

Sales Comps

We sweat the details,so you don’t have to.

1014 & 1018Mooney Drive Marketing Package

NeighborhoodOverview

Introducing:

Monterey ParkThe First Surburban Chinatown

Located less than 10 miles east of Downtown Los Angeles, Monterey Park is a quaint and

family-friendly suburb in the San Gabriel Valley. The first U.S. city with an Asian population

majority, Monterey Park, has been referred to as “the Chinese Beverly Hills” and “the first

suburban Chinatown”.Monterey Park is adjacent to other premier neighborhoods including

Alhambra, Arcadia, Temple City, Rosemead, San Gabriel and San Marino. Additionally,

residents are connected to the Greater Los Angeles area via the 10, 60 and 710 Freeways

and o�ers easy metro access to additional hotspots. Ranked as the third-best suburb in

California, according to Money Magazine, Monterey Park continues to provide its residents

with a wide selection of community-friendly amenities, highly-desired job opportunities,

high-ranking education systems and world-class dining options.

Bustling shopping plazas filled with critically-reviewed restaurants, mom-and-pop

boutiques and a wide variety of service-oriented businesses are one of the cities defining

features. Additionally, new developments and the renovation of established shopping plazas

are attracting major tourism from international travelers. Large hotel developments by

Courtyard and Hyatt are establishing Monterey Park as a clear tourism destination for years

to come.

With a safe and family-friendly environment, ease of access to major freeways and an

emerging tourism scene, Monterey Park is a suburban market attracting high-income families

who enjoy a close-knit community.

NearbyDevelopments Courtyard Marriott

Located just south of the 10 Freeway, this newly

constructed hotel spans across a 2.14-acre lot and features

a six-story 210,000 SF building consisting of 288 guest

rooms, retail space and 165 parking spaces in two

subterranean levels.

127 N. Garfield Ave.

Currently under construction, the project features a six-

and seven-story buildings, linked by open-air bridges,

featuring 116 for-sale condominiums above 60,000 SF of

ground-floor commercial space and basement parking.

The Villages at The Alhambra

The proposed development calls for a series of five-story

buildings comprised of 545 rental apartments, 516 of for-

sale housing and 2,876 new parking spaces. If approved,

construction is estimated to be completed by 2028.

Hyatt Place

With construction nearly completed, this six-story Hyatt

Place hotel features 222 guest rooms, 87 residential

condominiums and 55,000 SF of retail and restaurant

space above two levels of basement parking.

4252-4272 Crenshaw Blvd.

Kaiser Pemenente

Courtyard Marriott

The Villages

127 N. Garfield Ave. Hyatt Place

1346 N. Laurel

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Proposed development calls for 545 rental apartments and 516 for-sale housing

Notes

Six-story Courtyard hotel consisting of 288 gyest rooms, retail space and 165 parking spaces

Six-story Hypatt Place featuring 222 guest rooms, 87 residential condominiums and 55,000 SF of retail space

Six- and seven-story buildings feature 116 for=sale condominiums above 60,000 SF of commercial space

3) The Villages at The Alhambra

Address

1) Courtyard Marriott

4) Hyatt Place

2) 127 N. Garfield Ave.

Nearby Developments MapSubject Property: 1014 & 1818 Mooney Dr.

3 1014 & 1018 Mooney Dr.

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The Shops at Montebello

Located right o� the 60 Freeway, The Shops at Montebello

is a modernized indoor super-regional shopping center

o�ering over 160 specialty retailers and several popular

restaurant chains.

Almansor Park

One of the largest parks in the San Gabriel Valley provides

visitors a family-friendly environment that includes a gym,

jogging trail, picnic tables, playground and tennis courts.

Local HotspotsAtlantic Times Square

The first of its kind in the San Gabriel Valley, Atlantic Times

Square is a mixed-use building featuring countless on-site

restaurants, over 200,000 SF of prime retail shops, an AMC

theatre and 24-Hour Fitness.

Valley Blvd.

A vital and growing professional and business sector that

includes a variety of supermarkets, eateries and other

service-oriented businesses.

Whittier Narrows Golf Course

Surrounded by 260 acres of Resemead’s Whittier Park, the

Whittier Narrows Golf Course o�ers 27 holes of enjoyable

golf featuring mature, tree-lined fairways and breathtaking

views of the San Gabriel Mountains.

Whittier Narrows Golf CourseAtlantic Times Square

Valley Blvd.

The Shops at MontebelloAlmansor Park

1346 N. Laurel

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27 holes of enjoyable golf featuring mature, tree-lined fairways and breathtaking SGV mountain views

Notes

Mixed-use building featuring countless on-site restaurants, 200,000 SF of retail space, an AMC Theatre and 24-Hour Fitness

Bustling strip of Monterey Park with a variety of supermarkets, eateries and service-oriented businesses

3) Whittier Narrows Golf Course

Modernized indoor super-regional shopping center o�ering over 160 specialty retailers4) The Shops at Montebello

One of the largest parks in the San Gabriel Valley5) Almansor Park

Address

1) Atlantic Times Square

2) Valley Blvd.

Local Hotspots MapSubject Property: 1014 & 1818 Mooney Dr.

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1014 & 1018 Mooney Dr.1

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PropertyOverview

Property Description

Kenny Stevens Team is pleased to present 1014 and 1018 Mooney Drive,

(2) beautiful Spanish Cottage homes in a PRIME location perched in the

hills of Monterey Park. Each home is 1,050 SF and is comprised of 3

bedrooms and 2 baths with 180 degree panoramic views of the San

Gabriel Valley. A combined lot size of 15,012 SF allows for the potential to

build (2) Accessory Dwelling Units (one on each ADU, buyer to verify). The

property sits only a block away from Monterey Vista Elementary School

(9/10 rating according to School Digger) and the spacious front/back

yards make this property a perfect location to raise a family. Additionally,

the subject properties can be purchased together or separately.

Property Highlights:- Prime Monterey Park location - Hillside with 180 degree views

- One block from Monterey Vista Elementary School (9/10 rating)

- (2) Beautiful Spanish Cottage homes delivered VACANT

- Both parcels combined measure 15,012 SF of MPR1YY land

- Each home is 3 Bdrm. & 2 Baths - 1050 SF each

- Spacious front/back yards with multiple driveway parking spaces

- Potential to build 2 accessory dwelling units (one ADU on each parcel,

buyer to verify)

Existing Improvements

2 VACANT Single-Family

Homes

Year Built - 1953

Building Size(s)

1,050 SF & 1,050 SF

Lot Size - 15,012 SF

Lot Dimensions - 150’ X 100’

Zoning Type

MPR1YY

Submarket - Monterey Park

Major Intersection

Graves Ave. & New Ave.

APN

5260-009-010

5260-009-011

Price - $1,498,000

Price Per SF - $713 per SF

Price Per Home - $749,000

Property Overview | Parcel Map

Downtown Los Angeles

Banc of California Stadium

USC LA Memorial Coliseum

Property Overview | Drone Photography

1014 & 1018 Mooney Dr.

Property Overview | Drone Photography

Downtown Los Angeles

Banc of California Stadium

USC LA Memorial Coliseum

1014 & 1018 Mooney Dr.

Property Overview | Drone Photography

Downtown Los Angeles

Banc of California Stadium

USC LA Memorial Coliseum

Please Note:

New home under construction

Property Overview | Property Photography

Property Overview | Property Photography

Property Overview | Property Photography

Comparables

Comparables | Sales Comps

Address

City

SalesPrice

# ofBdrms.

# ofBaths

Bldg. SF

Lot SF

Price PerBldg. SF

Year Built

Price PerLot SF

Views

512 Ackley St.

Monterey Park

$790,000

3 Bdrms.

2 Baths

1,618 SF

12,447 SF

$466.63

1959

$63

No

635 S. Lincoln Ave.

Monterey Park

$780,000

3 Bdrms.

2 Baths

1,512 SF

7,794 SF

$495.97

1951

$100

No

Monterey Park

$768,888

3 Bdrms.

2 Baths

1,552 SF

8,668 SF

$495.92

1585 Fulton Ave.

1953

$88

No

671 Cecil St.

Monterey Park

$725,000

3 Bdrms.

2 Baths

1,854 SF

8,478 SF

$391.05

1951

$85

No

$729,000

1265 Arroyo Dr.

Monterey Park

3 Bdrms.

2 Baths

1,352 SF

5,490 SF

$539.20

$134

1960

No

1014 & 1018 Mooney Dr.

Monterey Park

$712

1953

$99

Yes

$749,000$749,000

$1,498,000

3 Bdrms.3 Bdrms.

6 Total Bdrms.

2 Baths2 Baths

4 Total Baths

1,050 SF1,050 SF

2,100 SF

7,487 SF7,525 SF

15,012 SF

# 0fBdrms.

SalesPrice

CityAddress

3 Bdrms.$790,000Monterey Park4) 512 Ackley St.

3 Bdrms.$725,000Monterey Park5) 671 Cecil St.

3 Bdrms.$768,888Monterey Park3) 1585 Fulton Ave.

3 Bdrms.$780,000Monterey Park2) 635 S. Lincoln Ave.

3 Bdrms.$740,000

# ofBaths

2 Baths

2 Baths

2 Baths

2 Baths

2 BathsMonterey Park

Bldg. SF

1,618 SF

1,854 SF

1,552 SF

1,512 SF

1,352 SF

Lot SF

12,447 SF

8,478 SF

8,668 SF

7,794 SF

5,490 SF

LotPer SF

$63

$85

$88

$100

$134

PricePer SF

$466.63

$391.05

$495.92

$495.97

$539.201) 1265 Arroyo Dr.

Sales Comparables MapSubject Property: 1014 & 1018 Mooney Drive

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4186-4190 S. Western Ave.

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1014 & 1018 Mooney Dr.

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Comparables | Rental Comps

Subject Property(s)

1014 & 1018Mooney Drive.

Market Rent: $2,450 - $2,900per month

Bed/Bath: (2) 3 Bdrm & 2 Bath

1) 809 E. Mabel Ave. #A

3) 1801 Tyler Dr.

Rent: $2,450

Unit Type: 3 Bdrm. + 2 Bath

Rent: $2,795

Unit Type: 3 Bdrm. + 2 Bath

2) 1745 Holly Oak Dr.Rent: $2,550

Unit Type: 3 Bdrm. + 2 Bath

4) 333 Mooney Dr.Rent: $2,900

Unit Type: 3 Bdrm. + 2 Bath

# 0fBdrms.

3 Bdrms.

3 Bdrms.

3 Bdrms.

3 Bdrms.

Rent

$2,900

$2,795

$2,550

$2,450

# ofBaths

2 Baths

2 Baths

2 Baths

2 Baths

City

Monterey Park

Monterey Park

Monterey Park

Monterey Park

Address

4) 333 Mooney Dr.

3) 1801 Tyler Dr.

2) 1745 Holly Oak Dr.

1) 809 E. Mabel Ave. #A

Rental Comparables MapSubject Property: 1014 & 1018 Mooney Drive

1014 & 1018 Mooney Dr.

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We sweat the details,

so you don’t have to.We Sweat the Details,So You Don’t Have To.

If you have additional questions, please contact:

Andrew Wilkey

DRE: 01998185

Andrew@KennyStevensTeam.Com

(949) 355-3384