$1,500,000
$1,600,000
6.3%For more information regarding the value of a property, please contact us for a free consultation.
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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