11919 Garfield AveSouth Gate, CA 90280

Property Details for 11919 Garfield Ave

Year built

1962

Construction

WOOD

Lot size

0.25 AC

Property size (Sq ft)

1,344 SF

Zone code

SGC3*

Property type

Retail properties

Property subtype

Turn key restaurants

APN

6243-009-037

APU

6243009037

Description

Exceptional investment opportunity: Birrieria Guadalajara, a thriving restaurant located at 11919 Garfield Ave, South Gate, CA 90280. This 1,344 square foot retail property sits on a 0.25-acre lot and is priced at $1,100,000 ($818.45/sq ft). Built in 1962, the building benefits from recent improvements including a renovated parking lot, upgraded lighting, and a reliable roof. Currently operating at 100% occupancy with a single tenant under a modified lease with 20 years remaining, this presents a stable income stream. The property is zoned SGC3*, allowing for versatile commercial use. Located in a high-traffic area of South Gate, within Los Angeles County, this property offers strong demographics and significant potential for future growth. The current tenant is willing to remain, ensuring continued revenue generation. This is a rare opportunity to acquire a well-maintained, income-producing restaurant in a desirable location. The property's strong financials and long-term lease make it an attractive investment for discerning buyers seeking a stable and profitable asset. This turnkey operation is ready for immediate income generation.

• CAP approach

  CAP return

  Valuation

  6%

  $567,586

  6.5%

  $523,926

  7%

  $486,502

• Comparable approach

  Method

  Valuation

  Relative Method

  $644,049

  Geo Method

  $644,049

• Alternative Use

  Use

  Valuation

  Residential

  $441,951

  Hospitality

  $404,825

  Educational

  $336,809

  Medical

  $348,393

  Retail

  $523,926

Location Insight

City

South Gate

County

Los Angeles

State

California

Latitude

33.9182

Longitude

-118.169

CBSA code

31080

CBSA name

LOS ANGELES-LONG BEACH-ANAHEIM, CA METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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