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- LoopNet Team
540 E Garvey Ave
Monterey Park, CA 91755
Retail Property For Sale
Property Facts
Amenities
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About 540 E GARVEY AVE , MONTEREY PARK, CA 91755
The subject property consists of 3 retail units in the front building and 1 automotive unit in the rear building. The 4 total units are occupied by 3 tenants (the trophy tenant occupies 2 units). All tenants have been there longer than 10 years. All leases are NNN. All tenants are established and pay rent in a timely manner. Tenants have separate meters and the property is very easy to manage. Although there has been no vacancy at this location for over a decade, because of the small unit sizes (420 sf for the retail) the units are easy to keep rented. The property is well located on a corner in the desirable neighborhood of Monterey Park, CA. One of the tenants has a 8.5% rental increase coming up later this year. The property could also be a good fit for an owner user because 65% of the building will be on a month to month term by the end of 2018. Parking in the rear of the lot as well.
Property Taxes
| Parcel Number | 5259-016-001 | Improvements Assessment | $514,012 |
| Land Assessment | $579,629 | Total Assessment | $1,093,641 |
Property Taxes
