128-130 N Garfield Ave

128-130 N Garfield Ave , Monterey Park, California, 91754 | 7,240 sq.f | $ 6,500,000

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About This Restaurant

Investment Highlights

High-performing intersection with excellent visibility Signage opportunities visible along a high-traffic street that is a hub for local and national chain restaurants such as Northern Cafe Stable cash flow with significant NOI growth Mix of national and local tenants 128 - 130 N Garfield Avenue, Monterey Park, Ca 91754 is being offered at $6,500,000.00 with a net operating income of $243,767 Fantastic Signage, Exposure and Visibility

Executive Summary

Prime Commercial Property in Monterey Park This exceptional commercial property is strategically located in the bustling heart of Monterey Park, facing a busy street that guarantees high visibility and foot traffic. The property boasts a very good income, making it a lucrative investment opportunity. The front building houses the famous Northern Cafe restaurant and a retail shop. Both establishments are well-known in the area, attracting a steady stream of customers and contributing to the property?s strong income. In addition to these, the property also includes four warehouse facilities in the rear building. These warehouses offer ample storage space and can be utilized for a variety of purposes, further enhancing the property?s value and potential for income generation. This is a great investment opportunity for those looking to expand their portfolio with a high-yield asset. The property?s prime location, established businesses, and versatile warehouse facilities make it a standout choice in Monterey Park?s commercial real estate market. Do not miss out on this chance to own a piece of this vibrant community!

Property Details

  • Sale Type    Investment or Owner User
  • Sale Condition    1031 Exchange
  • Property Type    Retail
  • Property Subtype    Restaurant Restaurant Industrial Warehouse Restaurant
  • Building Size    7,240
  • Building Class    B
  • Year Built    1950
  • Price    6,500,000
  • Price Per SF    898
  • Cap Rate    3.75
  • NOI    243,767
  • Percent Leased    100
  • Tenancy    Multiple
  • Building Height    1 Story
  • Building FAR    0.50
  • Land Acres    0.34 AC

Nearby Amenities & Transportation

Retail Bank of America
Retail East West Bank
Retail Marie Callender's Restaurant & Bakery
Retail Royal Business Bank
Retail Starbucks
Retail 99 Ranch Market
Retail Ralphs
Retail Bank of Montreal
Retail 24 Hour Fitness
Retail Chase Bank

Property Taxes

Parcel Number 5255-008-014 Improvements Assessment $1,209,248 (2023)
Land Assessment $862,828 (2023) Total Assessment $2,072,076 (2023)
Date Created: 2024-07-16 04:09:23 Last Updated: 2024-07-16 04:09:23
Address: 128-130 N Garfield Ave , Monterey Park, California, 91754