128 N Garfield Avenue Monterey Park, CA $ 6,500,000
128 N Garfield Avenue
$ 6,500,000
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128 N Garfield Avenue

Monterey Park, CA, 91754
$ 6,500,000
Baths0.0 Sq 7,267

Monthly Estimate*

$ 45,404

Listed by CHT Realty
128 N Garfield Avenue, Monterey Park, CA 91754 - Image 1
128 N Garfield Avenue, Monterey Park, CA 91754 - Image 2
128 N Garfield Avenue, Monterey Park, CA 91754 - Image 3
128 N Garfield Avenue, Monterey Park, CA 91754 - Image 4
128 N Garfield Avenue, Monterey Park, CA 91754 - Image 5
128 N Garfield Avenue, Monterey Park, CA 91754 - Image 6
Studio

Commercial Property for sale in Monterey Park, CA

for $6,500,000. This 7,267 square foot building was built in 1950 on a lot size of 0.3405.

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!

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Commercial Active

Price

$ 6,500,000

Bedrooms

Studio

Property Type

Commercial

Taxes

$ 0

Style

Retail

Lot Size

0.3405

Year Built

1950

Town/City

Monterey Park

County/Region

Los Angeles

MLS | Web ID

WS24061861

Days on Market

30

Features
General
Heating Baseboard Electric
Zoning MPC3*
Year Built 1950
Property SubType Retail
Business Type Commercial Restaurant Warehouse
County Los Angeles
Net Operating Income 243767.0
Operating Expense 21925.0
Insurance Expense 6700.0
New Construction N
Property Type CommercialSale
HOA / Comm Assn N
Attached Garage N
Garage Y/N N
Special Listing Conditions Standard
Status Active
Directions Intersection of Avondale Ave and N. Garfield Ave
City Monterey Park
View Y/N N
Senior Community Y/N N
Total Units 6
MLS Area 641 - Monterey Park
Lot Size Square Feet 14832.0
Private Pool N
Waterfront Y/N N
Carport Y/N N
Street Name Garfield
Listing Terms Item1031Exchange
Property Attached Y/N N
Land Lease Y/N N
Home Warranty Y/N N
Lease Renewal Y/N N
Additional Parcels Y/N N
Lease Considered Y/N N
Rent Control Y/N N
Days on Market 19
Building Area Units SquareFeet
Standard Status Active
Occupancy Description Tenant
Property Sub Type Additional Retail
Expected Active Date 2024-03-28
Cap Rate 3.75
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Exterior
Lot Features Item610UnitsAcre
Water Source Public
Lot Size Area 14832.0
Number of Buildings 6
Spa N
Building Area Total 7267.0
Lot Size Acres 0.3405
Lot Size Units SquareFeet
Lot Size Source Assessor
Crops Included Y/N N
Open Parking Y/N N
Horse Y/N N
Irrigation Water Rights Y/N N
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Interior
Total Stories 1
Basement (Y/N) N
Air Conditioning Y/N N
Heating Y/N Y
Fireplace Y/N N
Street Suffix Avenue
Laundry Features None
Entry Level 1
Electric On Property Y/N N
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Internal Only
Street Number 1 128
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* Excluded Features
List By
Cht Realty

Broker

(626) 893-5778

Phone

Affordability Calculator

$45,404
Per Month
100%
0%
0%
Monthly Principal & Interest
$45,404
Monthly Property Taxes
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Monthly Home Insurance
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Default based on a 30-year fixed rate of 7.49% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.
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Nearby
273443 Elementary School
272636 Middle School
Unknown High School High School
Pricing History
DatePricePrice ChangeDescription
3/29/2024$6,500,000 Listed Price

Map


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128 N Garfield Avenue, Monterey Park, CA, 91754 is a Commercial Property for sale at $6,500,000 with 7,267 sqft and a lot size of 0.3405. 128 N Garfield Avenue is a studio with 0.0 baths and was built in 1950. The property's zip code is 91754 which is in Monterey Park, CA