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Vacant-User

199 W Garvey Ave

199 W Garvey Ave, Monterey Park, CA 91754

Listing Price: $2,999,000

Cap Rate
5.05%
Gross SF
6,780
Rentable SF
6,780
Price/Gross SF
$442.33
Lot Size
0.11 acres
Year Built
1924

Investment Overview

Marcus and Millichap is pleased to present an incredible opportunity to purchase an investment or perhaps owner/user property in a highly desirable location in San Gabriel Valley. This property sits at a highly visible corner of Baltimore Ave. and Garvey Ave. The city of Monterey Park is one of the most diverse and community-oriented cities in the area. The city offers numerous cultural, educational, and festive programs. It is a city with a rich mix of people of many backgrounds. This building offers a total of 6780 square footage of space. Great for retail/office with a walk score of 93. 70% of the property is currently operating as a law office for the owner. Property can be delivered vacant for an owner/user, or a smart investor can re-tenant the building at reasonable market rents. The subject property benefits from locating in the heart of Monterey Park just south of the 10 freeway. Downtown Los Angeles is only about 8 miles away. Average population is about 274,330 at $90,166 income within the 3 miles of radius. The building is surrounded by medical offices, variety of restaurants, and small local businesses. This is an excellent opportunity for owners and investors to acquire a well position property for long-term appreciation within the high-growth community of Monterey Park.

Investment Highlights

  • High Pedestrian traffic with a "walkscore" of 93
  • 8 miles away from Downtown Los Angeles
  • Prime Location in the City of Monterey Park, CA
  • Deliverable Vacant if needed
  • Average household income of $90,166 within 3 miles of radius

Exclusively Listed By

Vacant-User

199 W Garvey Ave

Listing Price: $2,999,000

Cap Rate
5.05%
Gross SF
6,780
Rentable SF
6,780
Price/Gross SF
$442.33
Lot Size
0.11 acres
Year Built
1924

Investment Highlights

  • High Pedestrian traffic with a "walkscore" of 93
  • 8 miles away from Downtown Los Angeles
  • Prime Location in the City of Monterey Park, CA
  • Deliverable Vacant if needed
  • Average household income of $90,166 within 3 miles of radius

Investment Overview

Marcus and Millichap is pleased to present an incredible opportunity to purchase an investment or perhaps owner/user property in a highly desirable location in San Gabriel Valley. This property sits at a highly visible corner of Baltimore Ave. and Garvey Ave. The city of Monterey Park is one of the most diverse and community-oriented cities in the area. The city offers numerous cultural, educational, and festive programs. It is a city with a rich mix of people of many backgrounds. This building offers a total of 6780 square footage of space. Great for retail/office with a walk score of 93. 70% of the property is currently operating as a law office for the owner. Property can be delivered vacant for an owner/user, or a smart investor can re-tenant the building at reasonable market rents. The subject property benefits from locating in the heart of Monterey Park just south of the 10 freeway. Downtown Los Angeles is only about 8 miles away. Average population is about 274,330 at $90,166 income within the 3 miles of radius. The building is surrounded by medical offices, variety of restaurants, and small local businesses. This is an excellent opportunity for owners and investors to acquire a well position property for long-term appreciation within the high-growth community of Monterey Park.

Exclusively Listed By

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