10803 Garvey Avenue,  El Monte CA, 91733 (Commercial)

Status: Sold
MLS#: AR17211603
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Last Updated: 12/11/2017 3:09 PM
Description for 10803 Garvey Avenue El Monte, CA 91733
Excellent 5 unit mixed-use property located on the corner of Garvey Avenue and Lexinton Avenue. This offering is for 3 commercial unit located on Garvey Avenue, including a liquor store, a video rental store, and a dental office. Behind the 3 commercial unit is a two story-two unit residential income property. Total gross leaseable area of 5 units is approximately 5,960 square feet of building on an approximately 14,661 square feet of land. This offering is ideal for a savy investor who can invest and hold for short term and also provide for an opportunity to develop the site in the future. Currently, rent are below market rate with an average rental rate of $1.14 per square feet, providing investor an opportunity to increase rent in the future. The corner location of the site along with the wide frontage on Garvey Avenue is ideal for future development.
Price
Sold Price:
$1,200,000
Sold Date:11/22/2017
Los Angeles
AR17211603
Closed
Description
Excellent 5 unit mixed-use property located on the corner of Garvey Avenue and Lexinton Avenue. This offering is for 3 commercial unit located on Garvey Avenue, including a liquor store, a video rental store, and a dental office. Behind the 3 commercial unit is a two story-two unit residential income property. Total gross leaseable area of 5 units is approximately 5,960 square feet of building on an approximately 14,661 square feet of land. This offering is ideal for a savy investor who can invest and hold for short term and also provide for an opportunity to develop the site in the future. Currently, rent are below market rate with an average rental rate of $1.14 per square feet, providing investor an opportunity to increase rent in the future. The corner location of the site along with the wide frontage on Garvey Avenue is ideal for future development.
Listing Information
Property Type: General Commercial, Other
1938
Neighborhood
Room Information
Exterior / Lot Features
None
C3
Driving Directions
North Side of Garvey Avenue. West of Peck Road & East of Santa Anita Avenue
Financial Considerations
8580026027
Listing Price History

El Monte Real Estate

El Monte is located in California. El Monte, California 91733 has a population of 116,732.

The median household income in El Monte, California 91733 is $38,906. The median household income for the surrounding county is $55,870 compared to the national median of $53,482. The median age of people living in El Monte 91733 is 34.7 years.

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Courtesy: Thomas Theung - Coldwell Banker New Century
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