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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.

Attachments

Garvey 168 Plaza

Property Facts

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
Walk Score ®
Very Walkable (74)
What is a Walk Score®, Transit Score® & Bike Score®?
Walk Score® measures the walkability of any address.
Transit Score® measures access to public transit.
Bike Score® measures bikeability of a location.
What is a Walk Score®
, Transit Score® & Bike Score?
Walk Score® measures the walkability
of any address. Transit Score®
measures access to public transit. Bike Score®
measures bikeability of a location.®

zoning

Zoning Code RMM1-CM* (Commericial Residential Mixed Used)
RMM1-CM* (Commericial Residential Mixed Used)
  • Listing ID: 32007117

  • Date on Market: 6/4/2024

  • Last Updated:

  • Address: 8479 Garvey Ave, Rosemead, CA 91770

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