
710-716 E Garvey Ave
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710-716 E Garvey Ave
4,369 SF 76% Leased Retail Building Monterey Park, CA 91755 $1,745,000 ($399.40/SF)



INVESTMENT HIGHLIGHTS
- Excellent investment property for investor or owner/user.
- Below market rent. Great potential for rent increases.
- Easy access to 10, 60 and 710 Freeways.
- Prime signalized corner location in the heart of the City of Monterey Park. Corner of Garvey Ave and Orange Ave.
- The property consists of four (4) units.
- Pro-Forma CAP rate is approximately 6.31%.
EXECUTIVE SUMMARY
Excellent investment property for investor or owner/user. Prime signalized corner location in the heart of the City of Monterey Park. Corner of Garvey Ave and Orange Ave.
Below market rent. Great potential for rent increases. The property consists of four (4) units. Easy access to 10, 60 and 710 Freeways. Pro-Forma CAP rate is approximately 6.31%.
Below market rent. Great potential for rent increases. The property consists of four (4) units. Easy access to 10, 60 and 710 Freeways. Pro-Forma CAP rate is approximately 6.31%.
PROPERTY FACTS
Sale Type
Investment or Owner User
Property Type
Retail
Property Subtype
Convenience Store
Building Size
4,369 SF
Building Class
C
Year Built
1955
Price
$1,745,000
Price Per SF
$399.40
Percent Leased
76%
Tenancy
Multiple
Building Height
1 Story
Building FAR
0.74
Lot Size
0.14 AC
Zoning
MPCM*
Parking
6 Spaces (1.37 Spaces per 1,000 SF Leased)
Frontage
60’ on Garvey Ave.
AMENITIES
- Signage
Walk Score®
Very Walkable (79)
NEARBY MAJOR RETAILERS




PROPERTY TAXES
Parcel Number | 5259-016-033 | Improvements Assessment | $154,680 |
Land Assessment | $426,552 | Total Assessment | $581,232 |
PROPERTY TAXES
Parcel Number
5259-016-033
Land Assessment
$426,552
Improvements Assessment
$154,680
Total Assessment
$581,232
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710-716 E Garvey Ave
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