$3,000,000
$3,200,000
6.3%For more information regarding the value of a property, please contact us for a free consultation.
0.5 Acres Lot
SOLD DATE : 10/31/2018
Key Details
Sold Price $3,000,000
Property Type Multi-Family
Listing Status Sold
Purchase Type For Sale
MLS Listing ID AR18145366
Sold Date 10/31/18
HOA Y/N No
Year Built 1959
Lot Size 0.502 Acres
Property Description
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), and a liquor store (Ted’s Liquor, currently with liquor license worth $100k, a prospect tenant at $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.
Location
State CA
County Los Angeles
Area 641 - Monterey Park
Zoning MPCM*
Interior
Fireplace No
Laundry None
Exterior
Pool None
Community Features Curbs, Street Lights, Sidewalks
Private Pool No
Building
Lot Description 6-10 Units/Acre
Story Two
Entry Level Two
Sewer Public Sewer
Water Public
Level or Stories Two
New Construction No
Others
Senior Community No
Tax ID 5258005059
Acceptable Financing Cash to New Loan, 1031 Exchange
Listing Terms Cash to New Loan, 1031 Exchange
Financing Other
Special Listing Condition Standard
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