740 W Garvey Avenue

    Monterey Park, CA 91754
    • $20,798,000
    • STATUS: Active
    • ON SITE: 149 days
    • ID#: WS17179468
    UPDATED: 86 min ago
    $20,798,000
    • 0
      BEDS
    • 2
      ACRES
    • 0
      BATHS
    • 0
      1/2 BATHS
    Neighborhood:
    Type:
    Vacant Land / Lots
    County:

    School Ratings & Info

    Description

    Finance available. Land Value 2 acres for sale on Prime SE Corner of Atlantic and Garvey walk to Time Square Plaza. High traffic intersection & Visibility with High Density Mixed-Use Redevelopment Site. **Existing plaza is currently renting out for NOI $650,000 a year, 95% lease and 95% lease expires in 2019. Collecting the Rent during redevelopment process, submit the plan till final approval for the new construction. ***Surrounded by strong mixed -use investment demand. Excellent redevelopment site proposes for retail, office, restaurants, hotel or residential with F.A.R 2.25. Please verify with City. Prime High Visibility Location and Easy access to Freeway #10, 60 & 710 with a daily traffic count in excess of 70,000 cars per day. Walk to Time Square Plaza, restaurants, shops, theater, bank, Supermarkets, Residents & Courtyard by Marriott under construction. Minutes to Cal State Los Angeles, San Marion, Pasadena, San Gabriel Valley and approximately 7 miles to Downtown Los Angeles. ****The separate corner vacant Land 21,028 SF is also for sale $$$ with building plan approval for approximately 6200 SF with 4 retail stores or Buyer can resubmit the plan for high density F.A.R. Please verify with City.

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    Based on information from California Regional Multiple Listing Service, Inc. as of 2018-02-18T00:28:54.16. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent.
    www.debonishomes.com/homes/76963372

    740 W Garvey Avenue Monterey Park, CA 91754

    • Price: $20,798,000
    • Status: Active
    • Updated: 86 min ago
    • ID#: WS17179468
    0
    Beds
    0
    Baths
    0
    ½ Baths
    2
    Acres
    Neighborhood:
    641 - Monterey Park
    County:
    Los Angeles
    Area:
    641 - Monterey Park
    Property Description
    Finance available. Land Value 2 acres for sale on Prime SE Corner of Atlantic and Garvey walk to Time Square Plaza. High traffic intersection & Visibility with High Density Mixed-Use Redevelopment Site. **Existing plaza is currently renting out for NOI $650,000 a year, 95% lease and 95% lease expires in 2019. Collecting the Rent during redevelopment process, submit the plan till final approval for the new construction. ***Surrounded by strong mixed -use investment demand. Excellent redevelopment site proposes for retail, office, restaurants, hotel or residential with F.A.R 2.25. Please verify with City. Prime High Visibility Location and Easy access to Freeway #10, 60 & 710 with a daily traffic count in excess of 70,000 cars per day. Walk to Time Square Plaza, restaurants, shops, theater, bank, Supermarkets, Residents & Courtyard by Marriott under construction. Minutes to Cal State Los Angeles, San Marion, Pasadena, San Gabriel Valley and approximately 7 miles to Downtown Los Angeles. ****The separate corner vacant Land 21,028 SF is also for sale $$$ with building plan approval for approximately 6200 SF with 4 retail stores or Buyer can resubmit the plan for high density F.A.R. Please verify with City.
    Exterior Features

    Lot Features Lot Over 40000 SqftLot Shape-FlagLot Shape-Irregular Lot Size Units Square Feet View City Lights View YN Yes

    Property Features

    Additional Parcels YN No Association Fee 0.00 Association YN No Community Features SidewalksStreet LightingUrban Country Us Distance To Water Comments Yes Elevation Units Feet Land Lease YN No Senior Community YN No Special Listing Conditions Standard Water Source Public Zoning Commercial

    Listing provided courtesy of Anna Hui Ju Liao of Irn Realty and Henry Liu of .


    Based on information from California Regional Multiple Listing Service, Inc. as of 2018-02-18T00:28:54.16. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent.
    The DeBonis Team
    7898 Mission Grove Pkwy S Ste #102
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