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Listed by MAY M LAU • Pinnacle Real Estate Group
$998,000
Est. payment /mo
UPDATED:
Key Details
Property Type Commercial
Sub Type Mixed Use
Listing Status Active Under Contract
Purchase Type For Sale
MLS Listing ID WS-25106914
Year Built 1941
Property Sub-Type Mixed Use
Property Description
Welcome to 260 E. Garvey Ave. Exceptional 3-Unit Mixed-Use Opportunity in Monterey Park! Located in the heart of Monterey Park, this rare commercial and residential building offers a great investment opportunity. ***The property features: - A front store (commercial unit) with potential for retail, office, learning center use, live and work etc. - 2 residential apartments at the back and on the 2nd level, each with 2 bedrooms and 1 bathroom - Total of 4 bedrooms, 3 bathrooms and an extra separate shower stall - Each unit has its own separate entrance - Total area: 2150 sqft - Potential rental income: Approx. $6,000 per month. ***Key Highlights: - Recently renovated units in good condition - Prime location, just 3 blocks from Garfield Ave and minutes drive to DTLA - Easy access to major freeways - Long-term growth potential in one of LA County's most desirable cities ***Current Status: - Commercial unit leased until end of 2025 - Residential apartments currently vacant after recent renovations Don't miss this exceptional opportunity to own a multi-unit property with great rental income and long-term growth potential.
Location
State CA
County Los Angeles
Area 641 - Monterey Park
Interior
Heating See Remarks
Laundry Washer Hookup
Exterior
Utilities Available Sewer Connected, Electricity Connected, Natural Gas Connected
Building
Lot Description Walkstreet, Level with Street, Near Public Transit, Flag Lot, 2-5 Units/Acre
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John R Thompson
Broker/Owner | License ID: 01200900
Broker/Owner License ID: 01200900