128-130 N Garfield Ave
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128-130 N Garfield Ave
7,240 SF 100% Leased Retail Building Monterey Park, CA 91754 $6,500,000 ($898/SF) 3.64% Cap Rate
Executive Summary
Introducing an exceptional commercial property nestled in the vibrant heart of Monterey Park, presenting a lucrative investment opportunity:
• Prime Location: Located on a busy street in the heart of Monterey Park, this property offers high visibility and significant foot traffic, ideal for businesses looking for maximum exposure. The front building features the well-known Northern Cafe and a retail shop, while the rear consists of four warehouse facilities, making it a valuable investment opportunity.
• Stable Income: The property generates substantial revenue, ensuring a consistent and reliable income stream for investors.
• Diverse Offerings: The front building houses the popular Northern Cafe restaurant and a retail shop, creating a vibrant commercial atmosphere.
• Versatile Rear Facilities: The rear part of the property includes four warehouse facilities, suitable for storage, distribution, or leasing purposes.
• Investment Potential: With its prime location, solid income generation, and diverse tenant mix, this property represents an excellent investment opportunity in a thriving commercial area.
• Prime Location: Located on a busy street in the heart of Monterey Park, this property offers high visibility and significant foot traffic, ideal for businesses looking for maximum exposure. The front building features the well-known Northern Cafe and a retail shop, while the rear consists of four warehouse facilities, making it a valuable investment opportunity.
• Stable Income: The property generates substantial revenue, ensuring a consistent and reliable income stream for investors.
• Diverse Offerings: The front building houses the popular Northern Cafe restaurant and a retail shop, creating a vibrant commercial atmosphere.
• Versatile Rear Facilities: The rear part of the property includes four warehouse facilities, suitable for storage, distribution, or leasing purposes.
• Investment Potential: With its prime location, solid income generation, and diverse tenant mix, this property represents an excellent investment opportunity in a thriving commercial area.
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Property Facts
Sale Type
Investment
Sale Condition
1031 Exchange
Property Type
Retail
Property Subtype
Building Size
7,240 SF
Building Class
B
Year Built
1950
Price
$6,500,000
Price Per SF
$898
Cap Rate
3.64%
NOI
$236,540
Percent Leased
100%
Tenancy
Multiple
Building Height
1 Story
Building FAR
0.50
Land Acres
0.34 AC
Zoning
C3 - MPC3*
Parking
15 Spaces (2.07 Spaces per 1,000 SF Leased)
Frontage
65 FT on N. Garfield
Walk Score ®
Walker's Paradise (90)
Nearby Major Retailers
PROPERTY TAXES
| Parcel Number | 5255-008-014 | Improvements Assessment | $880,084 |
| Land Assessment | $1,233,432 | Total Assessment | $2,113,516 |
PROPERTY TAXES
Parcel Number
5255-008-014
Land Assessment
$1,233,432
Improvements Assessment
$880,084
Total Assessment
$2,113,516
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Chenwei Yeh - CHT Realty
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128-130 N Garfield Ave
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