223 E Garvey Avenue 108 Monterey Park, CA ^$ 4,199,000

223 E Garvey Avenue 108

^$ 4,199,000

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223 E Garvey Avenue 108

Monterey Park, CA, 91755

^$ 4,199,000

Studio Baths0.0 Sq 8,685

Monthly Estimate*

^$ 29,331

Listed by MARK III PROPERTIES

223 E Garvey Avenue 108, Monterey Park, CA 91755 - Image 1

223 E Garvey Avenue 108, Monterey Park, CA 91755 - Image 2

223 E Garvey Avenue 108, Monterey Park, CA 91755 - Image 3

223 E Garvey Avenue 108, Monterey Park, CA 91755 - Image 4

223 E Garvey Avenue 108, Monterey Park, CA 91755 - Image 5

223 E Garvey Avenue 108, Monterey Park, CA 91755 - Image 6

223 E Garvey Avenue 108, Monterey Park, CA 91755 - Image 7

223 E Garvey Avenue 108, Monterey Park, CA 91755 - Image 8

Studio

Commercial Property for sale in Monterey Park, CA

for $4,199,000. This 8,685 square foot building was built in 1940 on a lot size of 0.4535.

INVESTMENT HIGHLIGHT : Prime location heart of Monterey park gated commercial building with 14 units property has been subdivide into 14 parcels can be sold separately parking lot back of the building also included in the sale. Easy access to freeways and walking distance to all amenities. Don't miss this.

Commercial Active

Price

^$ 4,199,000

Bedrooms

Studio

Property Type

Commercial

Taxes

^$ 0

Style

MixedUse

Lot Size

0.4535

Year Built

1940

Town/City

Monterey Park

County/Region

Los Angeles

MLS | Web ID

WS23138861

Days on Market

284

Features

General

Zoning npc2

Year Built 1940

Unit Number 108

Property SubType MixedUse

County Los Angeles

Net Operating Income 120235.0

New Construction N

Property Type CommercialSale

HOA / Comm Assn N

Attached Garage N

Garage Y/N N

Special Listing Conditions Standard

Status Active

Directions Garvey/ Garfield

City Monterey Park

View Y/N N

Senior Community Y/N N

MLS Area 641 - Monterey Park

Lot Size Square Feet 19754.0

Private Pool N

Waterfront Y/N N

Carport Y/N N

Number of Units Leased 13

Street Name Garvey

Listing Terms Cash CashtoNewLoan Item1031Exchange

Property Attached Y/N N

Land Lease Y/N N

Electric Expense 3175.0

Home Warranty Y/N N

Current Financing None

Trash Expense 2613.0

Lease Renewal Y/N N

Additional Parcels Y/N N

Lease Considered Y/N N

Rent Control Y/N N

Days on Market 172

Building Area Units SquareFeet

Standard Status Active

Occupancy Description Owner

Property Sub Type Additional MixedUse

Expected Active Date 2023-07-29

Exterior

Water Source Public

Lot Size Area 19754.0

Number of Buildings 1

Spa N

Building Area Total 8685.0

Lot Size Acres 0.4535

Lot Size Units SquareFeet

Lot Size Source Assessor

Crops Included Y/N N

Open Parking Y/N N

Horse Y/N N

Irrigation Water Rights Y/N N

Interior

Total Stories 2

Basement (Y/N) N

Air Conditioning Y/N N

Heating Y/N N

Fireplace Y/N N

Street Suffix Avenue

Laundry Features None

Entry Level 1

Electric On Property Y/N N

Internal Only

Street Number 1 223

* Excluded Features

List By

Mark Iii Properties

Broker

(626) 675-7288

Phone

Affordability Calculator

$29,331

Per Month

Monthly Principal & Interest: $29,331
Monthly Property Taxes: --
Monthly Home Insurance: --

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Yearly Home Insurance

Default based on a 30-year fixed rate of 7.49% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.

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Nearby

Trends
Schools

Commerical listings in Monterey Park, CA

Average List Price ^$2,595,989

Percent of Sale Price 38%

About Monterey Park, CA

61,934 Population

3% Since 2002

^$56,710 Median Income

43.9 Median Age

26% Households with Children

View more area information

Trends Information provided by ATTOM Data Solutions.

273443 Elementary School

272636 Middle School

Unknown High School High School

See complete school information

Pricing History

Date	Price	Price Change	Description
7/29/2023	$4,199,000		Listed Price

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223 E Garvey Avenue 108, Monterey Park, CA, 91755 is a Commercial Property for sale at $4,199,000 with 8,685 sqft and a lot size of 0.4535. 223 E Garvey Avenue 108 is a studio with 0.0 baths and was built in 1940. The property's zip code is 91755 which is in Monterey Park, CA

*Information deemed reliable but not guaranteed.

Financial calculator disclaimer: Default based on a 30-year fixed rate of 7.49% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.

Listing data provided courtesy of the Internet Data Exchange Program of the California Regional Multiple Listing Service, Inc..

Based on information from California Regional Multiple Listing Service, Inc. as of 5/6/2024. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent.

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223 E Garvey Avenue 108

Commercial Property for sale in Monterey Park, CA

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