2,460 SqFt

Bldg Size

6,098 SqFt

Lot

Description

The subject property consists of 3 retail units in the front building and 1 automotive unit in the rear building.   The 4 total units are occupied by 3 tenants (the trophy tenant occupies 2 units).   All tenants have been there longer than 10 years.   All leases are NNN.  All tenants are established and pay rent in a timely manner.   Tenants have separate meters and the property is very easy to manage.   Although there has been no vacancy at this location for over a decade, because of the small unit sizes (420 sf for the retail) the units are easy to keep rented.  The property is well located on a corner in the desirable neighborhood of Monterey Park, CA.   One of the tenants has a 8.5% rental increase coming up later this year.  The property could also be a good fit for an owner user because 65% of the building will be on a month to month term by the end of 2018.  Parking in the rear of the lot as well.

 

 

Presented by:

Chris Comfort
President

424-293-8085 x 101
Email: [email protected]

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Address

Address: 540 E. Garvey Ave., Monterey Park, CA
  • Country: United States
  • Province / State: California
  • City / Town: Monterey Park
  • Postal code / ZIP: 91755
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  • Property ID 3113
  • Price $960,000
  • Property Type Retail
  • Property status Sold
  • Size 2460 SqFt
  • Land area 6098 SqFt

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