$4,800,000

825 E Garvey Avenue Monterey Park, CA 91755

Beds: 0
Baths: 0.00
Sq Ft: 0
Type: Commercial Sale
MLS#: AR17223076
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Estimated Monthly Payment

$5,051
Interest Rate %
Down Payment
5 year
15 year
30 year

First time on Market. Fantastic mixed-use property located at a prime location in Monterey Park, CA. Sale includes 2 parcels, APN: 5258-005-058 & 059 with 3 physical addresses: 825 (Teds Liquor currently vacant with liquor license worth $100k, market rent $7, 000), 835 (9-unit Apartment 100%occupied with below-market rents total rents approximately $11, 000), and 849 (Jims VW Auto will be vacant at close of escrow market rent$7, 000). Tax record shows property building square footage is approximately 9, 351sf. Total lot area for both parcels is 34, 387sf. Property can also be sold separately. You can own an entire block of commercial space in this affluent neighborhood. Ideal for mix-used developmentwith Floor area ratio up to 2.5 percent. Buyer to verify with the city. Daily vehicle traffic around 28, 000 vpd. Gross Market Rent Approximately $300, 000 annually. The City of Monterey Park Voted #3 in the U.S. by Time Incs Money Magazine ";Best Places to Live 2017";!!! A suburb 8 miles east of DowntownLA, Monterey Park is a transportation hub between the 10, 60, and 710 freeways; an educational hub with a great school district andhigher learning institutions like USC, Caltech, and Cal State LA nearby; a cultural hub with a diverse community; and a ";foodie haven";., Directions between Florence and Gladys

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DescriptionInterior & Exterior Features

Interior Features Include:

No Information Available.

Exterior Features Include:

Acreage: 0.7900 Acres

Lot:
Description Lot 20000-39999 Sqft, Yard
Square Feet 0

Other Features Include:

Water: Public

This Listing is Presented By
A38566

Penny Jeffery

Work: (951) 317-5045

Email: jefferyregroup@gmail.com

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