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540 E Garvey Avenue, Monterey Park, CA 91755

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Listing Type
commercial/industrial
Listing Status
active
8
Overview
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Transportation
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$995,000

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Home Details for 540 E Garvey Avenue

Price
$995,000
Type
commercial/industrial
Year Build
1945
Sq. Ft.
2,460
Lot Size
0.14
County
Los Angeles
MLS Listing#
DW18071387
On exitrealty.com
1300 days

Property 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.
EXIT CASTILLO REALTY
418 W. 3rd St., Oxnard, CA 93030
Licensed in the state of California.
$995,000

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EXIT CASTILLO REALTY
418 W. 3rd St., Oxnard, CA 93030
Licensed in the state of California.
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