First time on markets. Fantastic mixed-use property located at a prime location in Monterey Park, CA. 825-835 consists of 9-unit apartment (100% occupied, month-to-month leases with below-market rents, actual income $10,000) and a liquor store (Ted’s Liquor, currently vacant with liquor license worth $100k, market rent $6,000/month). For Ted’s liquor, we have a line of tenants ready to go in at $6k +NNN. Tax records show building size 8,399sf and lot area 21,873sf. May be sold together with 849 E Garvey Ave (Jim’s VW), currently for sale at $1.6 million. Daily vehicles per day 28,000vpd.
City of Monterey Park Voted #3 in the U.S. by Time Inc’ s Money Magazine Best Places to Live 2017 !!! A suburb 8 miles east of Downtown LA, Monterey Park is a transportation hub between the 10, 60, and 710 freeways; an educational hub with a great school district and higher learning institutions like USC, Caltech, and Cal State LA nearby; a cultural hub with a diverse community.