260 E Garvey Avenue

Property Description

Welcome to 260 E. Garvey Ave. Exceptional 3-Unit Mixed-Use Opportunity in Monterey Park!
Located in the heart of Monterey Park, this rare commercial and residential building offers a great investment opportunity.
***The property features:
- A front store (commercial unit) with potential for retail, office, learning center use, live and work etc.
- 2 residential apartments at the back and on the 2nd level, each with 2 bedrooms and 1 bathroom
- Total of 4 bedrooms, 3 bathrooms and an extra separate shower stall
- Each unit has its own separate entrance
- Total area: 2150 sqft
- Potential rental income: Approx. $6,000 per month.

***Key Highlights:
- Recently renovated units in good condition
- Prime location, just 3 blocks from Garfield Ave and minutes drive to DTLA
- Easy access to major freeways
- Long-term growth potential in one of LA County's most desirable cities

***Current Status:
- Commercial unit leased until end of 2025
- Residential apartments currently vacant after recent renovations

Don't miss this exceptional opportunity to own a multi-unit property with great rental income and long-term growth potential.

Overview

Property Status

Active Under Contract

Lot Size

1,859 Sq.Ft.

MLS ID

WS25106914

Property Type

Commercial

Year Built

1941

Features & Amenities

Neighborhood

Monterey Park

Stories

Water Source

Public

Utilites

Electricity Connected, Natural Gas Connected, Sewer Connected, Water Connected

Roof

Shingle

Lot Features

2-5 Units/Acre, Flag Lot, Near Public Transit, Street Level, Walkstreet

Heat Type

See Remarks

Air Conditioning

Wall/Window Unit(s)

Security Features

Carbon Monoxide Detector(s), Smoke Detector(s)

Sales Price

$998,000

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