610 Garvey AveMonterey Park, CA 91755

Property Details for 610 Garvey Ave

Year built

1981

Construction

TILT-UP CONCRETE

Lot size

0.14 AC

Property size (Sq ft)

1,260 SF

Zone code

MPCM*

Property type

Retail properties

Property subtype

Turn key restaurants

APN

5259-016-052

APU

5259016052

Description

This 1,260 square foot freestanding restaurant, built in 1981, is located at 610 E Garvey Ave, Monterey Park, CA 91755, in Los Angeles County. Priced at $1,250,000 ($992.06/sq ft), it sits on a 5,948 sq ft lot and offers an owner/user investment opportunity with an occupancy date of February 1, 2025. The property features a fully equipped kitchen with a hood system, a permitted patio area, ample on-site parking, and excellent visibility from a high-traffic location. A large building sign enhances visibility, and the property includes an existing Type 41 liquor license (beer and wine). This turnkey operation is ideal for an established restaurant seeking expansion in the San Gabriel Valley, benefiting from a busy trade area and significant potential for growth. The single-story building provides a spacious and functional layout for restaurant operations.

• CAP approach

  CAP return

  Valuation

  6%

  $496,313

  6.5%

  $458,135

  7%

  $425,411

• Comparable approach

  Method

  Valuation

  Relative Method

  $601,282

  Geo Method

  $603,796

• Alternative Use

  Use

  Valuation

  Residential

  $386,454

  Hospitality

  $353,990

  Educational

  $294,516

  Medical

  $304,644

  Retail

  $458,135

Location Insight

City

Monterey Park

County

Los Angeles

State

California

Latitude

34.0623

Longitude

-118.114

CBSA code

31080

CBSA name

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

Property Tax & Assessments

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