Rosemead, CA 91770,8479 Garvey AVE
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Rosemead, CA 91770,8479 Garvey AVE
Rosemead, CA 91770,8479 Garvey AVE
Rosemead, CA 91770,8479 Garvey AVE
Rosemead, CA 91770,8479 Garvey AVE
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8479 Garvey AVE Rosemead, CA 91770

0.66 Acres Lot


UPDATED:

12/05/2024 03:36 AM

Key Details

Property Type Commercial

Sub Type Mixed Use

Listing Status Active

Purchase Type For Sale

MLS Listing ID AR24111558

HOA Y/N No

Year Built 2018

Lot Size 0.656 Acres

Property Description

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.

Location

State CA

County Los Angeles

Area 651 - Rosemead/S. San Gabriel

Interior

Fireplace No

Laundry Inside

Exterior

Utilities Available Electricity Connected, Natural Gas Connected

Building

Lot Description Corner Lot

Story 5

Water Public

Others

Tax ID 5288004067

Acceptable Financing Cash, Conventional

Listing Terms Cash, Conventional

Special Listing Condition Standard


California Regional MLS (CRMLS)
Listed by Kai Kyi • Wetrust Realty • 626-863-2200

Michelle Butler

+1(310) 770-7330

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8479 Garvey AVE