8479 Garvey AveRosemead, CA 91770

Property Details for 8479 Garvey Ave

Year built

2018

Construction

TILT-UP CONCRETE

Lot size

0.66 AC

Property size (Sq ft)

5,370 SF

Zone code

RMM1-CM*

Property type

Retail space

APN

5288-004-067

APU

5288004067

Description

This exceptional mixed-use investment opportunity presents the Garvey168 Plaza, a fully leased property located at 8479 Garvey Avenue, Rosemead, CA, and encompassing the address 3015 Willard Avenue. The property, built in 2018, sits on a 0.66-acre lot (28,576 square feet) and offers a substantial 36,076 square feet of rentable space. Zoned RMM1-CM, it comprises two buildings, strategically positioned at the corner of Garvey and Willard Avenues, ensuring high visibility and easy access. The plaza boasts 42 units, all currently leased, providing immediate and substantial income. Each unit includes its own designated underground parking space, supplemented by additional common area parking for guests. The property's prime location in the heart of the West San Gabriel Valley offers unparalleled convenience, with close proximity to a wide array of amenities including restaurants, shopping malls, supermarkets, banks, schools, a post office, and a golf course. The strong tenant base and significant monthly rent roll provide a stable and attractive investment opportunity with excellent potential for future rental income growth. Detailed financial information, including the rent roll and lease terms, is available upon request. The property's APN is 5288-004-067.

• CAP approach

  CAP return

  Valuation

  6%

  $2,115,240

  6.5%

  $1,952,529

  7%

  $1,813,063

• Comparable approach

  Method

  Valuation

  Relative Method

  $2,562,606

  Geo Method

  $2,573,321

• Alternative Use

  Use

  Valuation

  Residential

  $1,647,032

  Hospitality

  $1,508,672

  Educational

  $1,255,197

  Medical

  $1,298,366

  Retail

  $1,952,529

Location Insight

City

Rosemead

County

Los Angeles

State

California

Latitude

34.0632

Longitude

-118.084

CBSA code

31080

CBSA name

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

Property Tax & Assessments

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