This Land Property is no longer advertised on LoopNet.com.

8117 Garvey Ave
Rosemead, CA 91770
CALL FOR OFFERS (STARTING JANUARY 1, 2024) · Land For Sale · 4.66 AC

Investment Highlights

  • Seller has meticulous design plans encompassing 361 residential units over 420,000 sq. ft. and 62,500 sq. ft. of commercial real estate
  • High-performing intersection with excellent visibility and conveniently located to neighborhood amenities and freeways

Property Facts

Property Type Land
Property Subtype Commercial
Proposed Use
Mixed Use
  • Multifamily
Total Lot Size 4.66 AC
Zoning Garvey Avenue SP - Property is located within the Garvey Avenue Specific Plan and is designated Incentivized Mixed-Use which allows a max density of up to 80 du/ac.

Description

We are selling for land value and have priced it right for a quick sale!!! This rare gem of a lot at the corner of San Gabriel Blvd. and Garvey Ave. has excellent potential for investors to build on a land at a high-performing intersection with excellent visibility. Situated in the heart of Rosemead, this trophy property is the perfect space to create an awe-inspiring mixed commercial and residential community that caters to ever facet of modern life. With an F.A.R of 3.0, the seller has meticulously designed plans for this land, encompassing approximately 361 residential units covering over 420,000 square feet of living space, and 62,500 square feet of prime commercial real estate. This highly walkable (84 walking score) and accessible location is conveniently located near shopping centers, diverse restaurants, neighborhood parks, fitness clubs and medical centers. This location provides an easy commute to downtown Rosemead and San Gabriel, and is well connected to other neighboring cities via major streets and multiple highways (10, 60, and 154) - ideal for commuters, work-from-home residents, and business owners. This trophy property provides investors with the rare opportunity to acquire an asset with tremendous presence, character, and scale in the city's most dynamic location. At the corner of San Gabriel Blvd. and Garvey Ave., it's the perfect location for a mix of residential and commercial units. Note: All figures are subject to government approval.

Property Taxes

Property Taxes

Parcel Numbers
Multiple
  • 5287-035-012
  • 5287-035-007
  • 5287-035-017
  • 5287-035-016
  • 5287-035-020
  • 5287-035-021
Land Assessment
$4,461,962
Improvements Assessment
$15,055
Total Assessment
$4,477,017
  • Listing ID: 30490040

  • Date on Market: 12/30/2023

  • Last Updated:

  • Address: 8117 Garvey Ave, Rosemead, CA 91770

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