Monterey Park, CA 91755,849 E Garvey AVE
Monterey Park, CA 91755,849 E Garvey AVE
Monterey Park, CA 91755,849 E Garvey AVE
Monterey Park, CA 91755,849 E Garvey AVE
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$1,500,000

$1,600,000

6.3%
Est.Price: ?

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Est. payment /mo

0.29 Acres Lot


SOLD DATE : 11/29/2018

Key Details

Sold Price $1,500,000

Property Type Commercial

Sub Type Mixed Use

Listing Status Sold

Purchase Type For Sale

MLS Listing ID AR18052060

Sold Date 11/29/18

HOA Y/N No

Year Built 1959

Lot Size 0.287 Acres

Property Description

First time on markets. Fantastic mixed-use property located at a prime location in Monterey Park, CA. 849 E Garvey AVe consists of Jim’s VW Auto (May be able to go with SBA-loan. Seller winding down business). Property will be vacated at close of escrow. This property can may also be redeveloped as mixed use. Buyer to verify all details. Phase I and Phase II completed (all cleared). Tax records show building size 952sf, lot area 12,514sf. Daily vehicles per day 28,000 vpd. Also ideal for small use card dealerships.

May be sold together with 825 E Garvey Ave (Ted’s Liquor and 9-unit apartment), currently for sale at $3.2 million.

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.

Location

State CA

County Los Angeles

Area 641 - Monterey Park

Zoning C-S

Interior

Fireplace No

Laundry None

Building

Lot Description Corners Marked, Level, Walkstreet

Water Public

Others

Tax ID 5258008058

Acceptable Financing Cash, Cash to New Loan, Submit

Listing Terms Cash, Cash to New Loan, Submit

Financing Other

Special Listing Condition Standard

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California Regional MLS (CRMLS)
Listed by John Man • Man Investment Group
Bought with QUAN TRUONG • C-21 INVERNESS
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