Silva Babaian  Realtor, Real Estate Agent, Granada Hills, CA

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    8479 Garvey Avenue, Rosemead, CA 91770
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    8479 Garvey Avenue
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    • MLS#: AR24111558 ( Mixed Use )
    • Street Address: 8479 Garvey Avenue
    • Viewed: 21
    • Price: $29,000,000
    • Price sqft: $0
    • Waterfront: No
    • Year Built: 2018
    • Bldg sqft: 0
    • Days On Market: 250
    • Additional Information
    • County: LOS ANGELES
    • City: Rosemead
    • Zipcode: 91770
    • Provided by: Wetrust Realty
    • Contact: Kai Kai
    • DMCA Notice
    • 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.
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    Features
    Building Area Total
    1. 36076.00
    Commoninterest
    1. Condominium
    Country
    1. US
    Land Use
    1. Multi-Family
    2. Other
    3. Retail
    Laundry Features
    1. Inside
    Parcel Number
    1. 5288004067
    Postalcodeplus4
    1. 2612
    Property Type
    1. Mixed Use
    Totalbuildingnra
    1. 36076
    Utilities
    1. Electricity Connected
    2. Natural Gas Connected
    Views
    1. 21
    Water Source
    1. Public
    Year Built
    1. 2018
    Headshot for Associate Silva Babaian
    1. Silva Babaian / Realtor
    2. Coldwell Banker Exclusive
    3. CalBRE Lic # 01365805
    4. Mobile: 818.414.6744
    5. Fax: 818.338.5836