Address
540 E Garvey Avenue Monterey Park, CA
Price
$ 995,000
Property Attributes
  • MLS#DW18071387
  • TypeContingent
  • CountyLOS ANGELES
  • CityMonterey Park
  • AreaMonterey Park
  • Zip91755
  • StyleRetail
  • Price$ 995,000
  • Bedrooms0
  • Full Bathrooms0
  • Half Bathrooms0
  • Lot Size6,060 SqFt
Listing Provided Courtesy Of:
Chris Comfort with Apex Properties - 818-917-6558
Data Source:
California Regional MLS (CRMLS) - 25 - CA
Property 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.

Price History
3/29/2018 Listed $1,025,000
4/3/2018 3% - $995,000

General Features

Listing Agent Chris Comfort - BRE#01407997
Listing Agent State License 01407997
Lot Size Square Feet 6060
MLS Area 641 - Monterey Park
Property Sub Type Additional Retail
Property SubType Retail
Property Type Commercial Sale
Special Listing Conditions Standard
Status Active Under Contract
Total Units 4
Water Sewer Expense 750

Interior Features

Laundry Features None

Exterior Features

Lot Features Street Level
Lot Size Acres 0.14
Lot Size Area 6060
Lot Size Source Assessor
Lot Size Units Square Feet
Number of Buildings 1
Water Source Public

Amenities

  • Foreclosure
  • Views
  • Short Sale
  • New Construction
  • Adult 55+
  • Lease To Own
  • No HOA Fees
  • Furnished
  • Primary On Main
  • Air Conditioning
  • Seller Finance
  • Green
  • Fixer Upper
  • Horse
  • Golf
  • Fireplace
  • Deck
  • Garage
  • Basement
  • Pool

Property vs Contingent Average in 91755

Price
AVG $1.48M
$1,000K
Visits
AVG 56
311
Year Built
AVG 1976
1945
Walkscore
AVG 68
82
Data Provided by Walkscore ® not using MLS data

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