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$29,000,000
Est. payment /mo
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
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Listed by Kai Kyi • Wetrust Realty • 626-863-2200
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Tracy Thrower Conyers
Broker Associate, JD | License ID: 01712960
Broker Associate, JD License ID: 01712960