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For Sale 825, 835, 849 E Garvey Ave
Monterey Park, CA 91755
Exclusively Listed By: John Man Group
John Man, President DRE No. 01388408
Office: 626.872.6622 xt.1001
Direct: 626.236.2911
Email: [email protected]
Jonathan Hua, Manager
DRE No. 01485938 Office: 626.872.6622 xt.1005 Direct: 626.378.3316 Email: [email protected]
119 S. Atlantic Blvd. Monterey Park, CA 91754
www.ManInvestmentGroup.com
FOR SALE 825, 835, & 849 E Garvey Ave
Monterey Park, CA 91755
Investment Offering
Price: Undisclosed
No. of Buildings 3 (825, 835, 849)
825-835 E Garvey
849 E Garvey
8,399 SF
952 SF
Lot Size: 34,387 SF
APN: 5258-005-058 5258-005-059
Zoning: MPCM
Traffic Count 28,000 VPD
No warranty, express or implied, is made as to the accuracy of the information contained herein. This information is submitted subject to errors, omissions, change of price, rental or other conditions, withdrawal without notice, and is subject to any special listing conditions imposed by our principals.
Cooperating brokers, buyers, tenants and other parties who receive this document should not rely on it, but should use it as a starting point of analysis, and should independently confirm the accuracy of the information contained herein through a due diligence review of the books, records, files and
documents that constitute reliable sources of the information described herein.
Jonathan Hua, General Manager
DRE No. 01485938
Direct: 626-378-3316
Email: [email protected]
John Man, President
DRE No. 01388408
Direct: 626.236.2911
Email: [email protected]
Property Description Fantastic mixed-use property located at a prime location in Monterey Park, CA. Sale includes 2 parcels, APN: 5258-005-058 & 059 with 3 physical addresses: 825 (Ted’s Liquor currently vacant with liquor license worth $100k, market rent $5,000), 835 (9-unit Apartment 100% occupied with below market rents total rents approximately $11,000), and 849 (Jim’s VW Auto will be vacant at close of escrow market rent $5,000). Tax record shows property building square footage is approximately 9,351sf. To-tal lot area for both parcels is 34,387sf. Ideal for mix-used development with Floor area ratio up to 2.5 percent. Buyer to verify with the city. Daily vehicle traffic around 28,000 vpd.
City of Monterey Park Voted #3 in the U.S. by Time Inc’s Money Magazine “Best Places to Live 2017”!!! A suburb 8 miles east
of Downtown LA, Monterey Park is a transportation hub between the 10, 60, and 710 freeways; an educational hub with a great
school district and higher learning institutions like USC, Caltech, and Cal State LA nearby; a cultural hub with a diverse commu-
nity; and a “foodie haven”.
825
835
849
Rent Roll 825, 835, 849 E Garvey Ave
Monterey Park, CA 91755
Unit Income Proforma Lease Type Term
APT 1 $1,100 $1,200 Gross MTM
APT 2 $1,100 $1,200 Gross MTM
APT 3 $1,100 $1,200 Gross MTM
APT 4 $1,100 $1,200 Gross MTM
APT 5 $1,100 $1,200 Gross MTM
APT 6 $1,100 $1,200 Gross MTM
APT A $1,100 $1,200 Gross MTM
APT B $1,100 $1,200 Gross MTM
APT C $1,150 $1,200 Gross MTM
TED’S LIQUOR VACANT $7,000 Gross MTM
JIM’S VW N/A $7,000 Gross MTM
Monthly $9,950.00 $24,800
Annual Total $119,400 $297,600
This information has been secured from sources we believe to be reliable, but we make no representations or warranties, expressed or implied as to the accuracy of the information.