Active

8479 Garvey Avenue

Rosemead CA, 91770

$29,000,000


$803.86 per sqft

Active

36,076 sqft

Commercial

Built in 2018

Listed by Kai Kyi with Wetrust Realty 626-210-9686

We are proud to present the Garvey168 Plaza, on the market for the first time! This property consists of two separate buildings zoned for commercial/residential mixed-use (Zone RMM1-CM) in the city of Rosemead, CA, located in the heart of the West San Gabriel Valley. The front building is located at 8479 Garvey, and the back building is at 3015 Willard Ave. Both properties fall under APN 5288-004-067.The lot size is 28,576 SF with a total rentable building area of 36,076 SF. Built in 2018 and situated at the corner of Garvey and Willard, this property boasts high visibility and accessibility, making it ideal for both businesses and residents.Garvey168 Plaza comprises a total of 42 units, 100% leased out, each unit with its own designated underground parking space, and additional common area parking for guests. This corner lot, with Garvey Frontage, is in close proximity to numerous restaurants, shopping malls, supermarkets, banks, schools, post office, and a golf course. The property offers excellent income potential and is fully occupied by well-established, stable tenants in both its commercial and residential units. The significant monthly rent roll collections present an excellent opportunity for growth in rental incomes. Detailed rent roll and lease terms are available upon request. Both buildings are secure, with a single main entrance for enhanced maintenance and safety. This mixed-use property includes a restaurant, a beauty salon, lofts, and multiple 1-2 bedroom units for residential leases. The location offers transportation and accessibility advantages, with close proximity to major freeways and numerous public transportation options. The buildings, constructed in 2018, feature contemporary architecture and up-to-date amenities that comply with current building standards. With stable, well-established tenants, ideal locations, and low CAM costs, this property is an attractive opportunity for multi-generational investment.

AR24111558

MLS ID

June 2, 2024

Listed

July 14, 2024

Updated

Map

8479 Garvey Avenue
Rosemead CA, 91770

Interior Features

Total Stories

5


Laundry Description

Inside


Fireplace

No


Cooling

No


Heating

No

Exterior/Building Features

Lot Size

0.66 Acres


Lot Features

Corner Lot

Other Property Details

Area Name

651 - Rosemead/S. San Gabriel


Days on Market

2


Garage

No


View

No


County

Los Angeles


Water Source

Public


Pool

No

Listing Contact: 626-210-9686 

Based on information from the California Regional Multiple Listing Service (CRMLS) as of 7/14/2024. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, the Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent. Property locations as displayed on any map are best approximations only and exact locations should be independently verified. Any offer of compensation is made only to participants of the MLS where the listing is filed.

©2024 California Regional Multiple Listing Service (CRMLS) all rights reserved.

Data last updated on 7/14/2024 at 6:31 AM UTC

 

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