7808 Garvey AveRosemead, CA 91770

Property Details for 7808 Garvey Ave

Year built

1954

Construction

WOOD

Lot size

0.65 AC

Property size (Sq ft)

4,126 SF

Zone code

RMC3*

Property type

Retail properties

Property subtype

Turn key restaurants

APN

5284-038-023

APU

5284038023

Description

This exceptional business opportunity presents the chance to acquire a well-established restaurant located at 7808 Garvey Avenue, Rosemead, CA. Boasting 4,126 square feet on a 0.65-acre lot, this property benefits from a highly visible corner location at the intersection of Garvey Avenue and Del Mar Avenue. The current owner has operated this successful restaurant for nearly 30 years, building a loyal customer base and a strong reputation within the community. The sale includes the established business, offering a turnkey operation ready for a new owner to step in and continue its success. Ample parking is available, enhanced by the proximity of a large Chinese supermarket. The property's strategic location is further strengthened by a planned multi-use development directly across the street and just a block away, promising increased foot traffic and future growth opportunities. The property also includes permitted outdoor dining areas, adding to its appeal and operational flexibility. Priced at $299,999, this is a rare opportunity to acquire a thriving restaurant in a rapidly developing area. The sale presents a unique chance to capitalize on an established business with significant growth potential.

• CAP approach

  CAP return

  Valuation

  6%

  $1,625,229

  6.5%

  $1,500,212

  7%

  $1,393,054

• Comparable approach

  Method

  Valuation

  Relative Method

  $1,968,960

  Geo Method

  $1,977,192

• Alternative Use

  Use

  Valuation

  Residential

  $1,265,484

  Hospitality

  $1,159,177

  Educational

  $964,422

  Medical

  $997,590

  Retail

  $1,500,212

Location Insight

City

Rosemead

County

Los Angeles

State

California

Latitude

34.0622

Longitude

-118.099

CBSA code

31080

CBSA name

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

Property Tax & Assessments

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