8408 Garvey Ave 46 Unit Apartment Building $26,500,000 ($576,087/Unit) 5.44% Cap Rate Rosemead, CA 91770

CBRE is proud to announce its exclusive advisory role in the offering of Garvey Garden Plaza, a truly unique mixed-use investment opportunity in Rosemead, California.
Garvey Garden Plaza, a newly constructed building at 8408-8418 Garvey Avenue in Rosemead, offers a diverse mix of spaces, including 46 upper residential units above a single office unit and 10 ground-floor retail units. Situated at the bustling corner of Garvey Avenue and Delta Avenue, in the western part of the San Gabriel Valley, this strategic location provides investors with direct access to a robust working-class demographic, positioning this asset for a buy-and-hold strategy aimed at generating generational wealth. This mixed-use development offers residents excellent connectivity to a wide array of amenities and transportation options. Its proximity to the Shops at Montebello provides immediate retail convenience, while its advantageous location near major highways, including the I-10 and SR-60, ensures seamless access to all of Southern California's diverse attractions, from the beaches of the Pacific to the scenic San Gabriel Mountains.
Garvey Garden Plaza is a well-constructed, four-story community offering 62,730 square feet and spanning across a 50,132 square foot lot. This unique opportunity positions a new investor for significant returns within a prime San Gabriel Valley community. The property offers a desirable mix of two-bedroom and three-bedroom residences, complemented by three retail tenants.
Residents enjoy a host of on-site amenities that include a courtyard with outdoor seating, elevator access, surface and reserved subterranean parking, controlled access for enhanced security, and creative drought-tolerant landscaping that creates a pleasant atmosphere. Individual units feature a variety of appealing interior amenities: central air conditioning and heating, fully equipped kitchens with dishwashers, in-unit washers and dryers, vinyl wood flooring, vertical blinds, and private balconies. There are some ADA compliant units available (ovens not included).
Rosemead boasts a dynamic and well-diversified economy, anchored by significant employment centers in sectors such as healthcare, manufacturing, and accommodation & food services. The city's economic vitality is further bolstered by its strong ties to the broader Los Angeles County economy, which is a global powerhouse in entertainment, technology, biosciences, and trade. This robust economic backdrop supports a stable workforce and ongoing job growth, creating a consistently high demand for well-located residential and commercial properties. Rosemead also cultivates a business-friendly environment, attracting diverse industries and contributing to its sustained economic prosperity.
Garvey Garden Plaza stands out as a prime, income-producing asset in Rosemead, presenting a compelling long-term investment. This newer construction property, ideally situated in a desirable San Gabriel Valley location, offers favorable returns and cash flow. It represents a stable and appealing opportunity for a diverse range of investors, from first-time buyers and seasoned professionals to those seeking 1031 exchange benefits.