7779 Hellman Avenue, Rosemead, California 91770

80% Seller financing possible for a qualified buyer! $300,000 down payment minimum. A signalized corner mixed-use property situated on the Del Mar Avenue off-ramp immediately south of the eastbound 10 Freeway, with both retail repositioning and mixed-use development potential. The asset is comprised of over 10,000 square feet of land and has C3, Medium Commercial, zoning in the Freeway Corridor Mixed-Use Overlay Zone. This zoning allows for a variety of retail, live-work, and mixed-use development. The Overlay Zone allows for as many as 40-60 residential dwelling units per acre, or the site can be developed as a mixed-use project with a minimum 35% retail component, and no front or side setback requirements and a maximum building height of 65 feet (Buyer to verify). Alternatively, an owner-user who occupies at least 51% of the existing building space with his or her business, can qualify for up to 90% financing from the SBA (Small Business Administration) at historically low interest rates. Due to its strategic corner location and decent lot size, the property is ideal for a variety of commercial uses and development opportunities. Over 232,000 vehicles pass by daily on the 10 Freeway and over 24,000 on Del Mar Ave., one of the area’s main north-south thoroughfares with ingress/egress to the 10 Freeway.