Garvey 168 Plaza | 8479 Garvey Ave
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Garvey 168 Plaza 8479 Garvey Ave
30 Unit Apartment Building $29,000,000 ($966,667/Unit) Rosemead, CA 91770
Investment Highlights
- Corner location with Garvey Frontage, prime location at the heart of West San Gabriel Valley.
- The front building is located at 8479 Garvey, and the back building is at 3015 Willard Ave.
- No NNN, Low Common Area Maintenance (CAM) cost.
- This property consists of two separate buildings zoned for commercial/residential mixed-use.
- Income potential, 100% leased, established tenants for commercial and residential units. Total 5,576 SF for Commercial rentable spaces.
- Rent Roll and Financials are available upon request with NDA signed
Executive Summary
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.
Property Facts
Price | $29,000,000 | Apartment Style | Mid Rise |
Price Per Unit | $966,667 | Building Class | B |
Sale Type | Investment | Lot Size | 0.66 AC |
Sale Conditions | 1031 Exchange | Building Size | 36,076 SF |
No. Units | 30 | Average Occupancy | 100% |
Property Type | Multifamily | No. Stories | 4 |
Property Subtype | Apartment | Year Built | 2018 |
Price | $29,000,000 |
Price Per Unit | $966,667 |
Sale Type | Investment |
Sale Conditions | 1031 Exchange |
No. Units | 30 |
Property Type | Multifamily |
Property Subtype | Apartment |
Apartment Style | Mid Rise |
Building Class | B |
Lot Size | 0.66 AC |
Building Size | 36,076 SF |
Average Occupancy | 100% |
No. Stories | 4 |
Year Built | 2018 |
Unit Amenities
- Washer/Dryer
Site Amenities
- 24 Hour Access
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Walk Score ®
Very Walkable (74)
zoning
Zoning Code | RMM1-CM* (Commericial Residential Mixed Used) |
RMM1-CM* (Commericial Residential Mixed Used) |
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We Trust Realty
Garvey 168 Plaza | 8479 Garvey Ave
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