825 E Garvey Avenue, Monterey Park, CA 91755

About this commercial property

First time on market. Fantastic mixed-use property located at a prime location in Monterey Park, CA. 825-835 consists of 9-unit apartment (100% occupied, month-to-month leases with below-market rents, proforma income $10,800) and a liquor store (Ted’s Liquor, currently with liquor license worth $100k, market rent $6,000/month). For Ted’s liquor, we have a line of tenants ready to go in at $6k +NNN. Tax records show building size 8,399sf and lot area 21,873sf. May be sold together with 849 E Garvey Ave (Jim’s VW, AR18052060), currently for sale at $1.6 million. Daily vehicles per day 28,000vpd.
 
 City of Monterey Park Voted #3 in the U.S. by Time Inc' s Money Magazine Best Places to Live 2017 !!! A suburb 8 miles east of Downtown LA, Monterey Park is a transportation hub between the 10, 60, and 710 freeways; an educational hub with a great school district and higher learning institutions like USC, Caltech, and Cal State LA nearby; a cultural hub with a diverse community.

Listing description from the October 2018 sale, as reported to CRMLS.

Sale history

$3,000,000

Sold October 2018 · listed $3,200,000, on market March 2018 · MLS #AR18051791 · Source: CRMLS

Listing Agent: John Man · Listing Office: Man Investment Group · Contact: 626-872-6622 · Bought with: QUAN TRUONG · C-21 INVERNESS

$3,000,000

Sold October 2018 · listed $3,200,000, on market June 2018 · MLS #AR18145366 · Source: CRMLS

Listing Agent: John Man · Listing Office: Man Investment Group · Contact: 626-872-6622 · Bought with: QUAN TRUONG · C-21 INVERNESS

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