Listed by 626-863-2200 - Kai Kyi - DRE #01986720 - Wetrust Realty 626-587-4866 Listing Courtesy of: DRE #01962375
$29,000,000 affordable loan icon Calculate Payment

8479 Garvey Avenue Rosemead, CA 91770

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Mixed Use Residence
Beds
Baths
36,076 Sq. Ft.
0.66 Acre Lot

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Last updated on 9/27/2024 8:08 PM
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. Continue reading
MLS#
AR24111558
Property Type
Mixed Use
Status
Year Built
2018
Square Feet
36,076 sq. ft
Lot Size
0.66

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Listed by 626-863-2200 - Kai Kyi - DRE #01986720 - Wetrust Realty 626-587-4866 Listing Courtesy of: DRE #01962375
Barbara Lynn Simmons, CALBRE 637579, Xome Inc., CALBRE 1932600, [email protected], 844-400-XOME (9663), 2945 Townsgate Road, Suite 200, Westlake Village, CA 91361

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This content last refreshed on 9/27/2024 8:08 PM. Some properties which appear for sale on this web site may subsequently have sold or may no longer be available.
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