First time on markets. Fantastic mixed-use property located at a prime location in Monterey Park, CA. 849 E Garvey Ave consists of Jim’s VW Auto (May be able to go with SBA-loan. Seller winding down business). Property will be vacated at close of escrow. This property can may also be redeveloped as mixed use. Buyer to verify all details. Phase I and Phase II completed (all cleared). Tax records show building size 952sf, lot area 12,514sf. Daily vehicles per day 28,000 vpd.
May be sold together with 825 E Garvey Ave (Ted’s Liquor and 9-unit apartment), currently for sale at $3.2 million.
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.