Off Market
Off Market

540 E Garvey Avenue

Monterey Park, CA 91755
Courtesy of Apex Properties
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Description

The subject property consists of 3 retail units in the front building and 1 automotive unit in the rear building. The 4 total units are occupied by 3 tenants (the trophy tenant occupies 2 units). All tenants have been there longer than 10 years. All leases are NNN. All tenants are established and pay rent in a timely manner. Tenants have separate meters and the property is very easy to manage. Although there has been no vacancy at this location for over a decade, because of the small unit sizes (420 sf for the retail) the units are easy to keep rented.The property is well located on a corner in the desirable neighborhood of Monterey Park, CA. One of the tenants has a 8.5% rental increase coming up later this year. The property could also be a good fit for an owner user because 65% of the building will be on a month to month term by the end of 2018. Parking in the rear of the lot as well.
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  • Property Details
    • Property
      • Lot description:StreetLevel
    • Measurements
      • Acres:0.1391
  • Construction Details
    • Type & Style
      • Property type:Purchase
    • Condition
      • Year built:1945
  • Utilities / Energy Details
    • Utility
      • Utility source:Public
  • Community and Neighborhood Details
    • Location
      • County:Los Angeles
  • Financial Details
    • Pricing Details
      • Original list_price:$1, 025, 000
      • Selling office_commission:2.500
  • Other
    • Source
      • MLS #:DW18071387

Location

Carrie DavisReal Estate Group
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