8479 Garvey Avenue

Rosemead, CA 91770

$29,000,000
Price
—
Beds
36,076 Sq. Ft.
$804 / Sq. Ft.
36,076
Sq. Ft.
$804
per Sq. Ft.

Description

We are proud to present the Garvey168 Plaza, on the market for the first time! This property consists of two separate buildings zoned for commercial/residential mixed-use (Zone RMM1-CM) in the city of Rosemead, CA, located in the heart of the West San Gabriel Valley. The front building is located at 8479 Garvey, and the back building is at 3015 Willard Ave. Both properties fall under APN 5288-004-067. The lot size is 28,576 SF with a total rentable building area of 36,076 SF. Built in 2018 and situated...We are proud to present the Garvey168 Plaza, on the market for the first time! This property consists of two separate buildings zoned for commercial/residential mixed-use (Zone RMM1-CM) in the city of Rosemead, CA, located in the heart of the West San Gabriel Valley. The front building is located at 8479 Garvey, and the back building is at 3015 Willard Ave. Both properties fall under APN 5288-004-067. The lot size is 28,576 SF with a total rentable building area of 36,076 SF. Built in 2018 and situated at the corner of Garvey and Willard, this property boasts high visibility and accessibility, making it ideal for both businesses and residents. Garvey168 Plaza comprises a total of 42 units, 100% leased out, each unit with its own designated underground parking space, and additional common area parking for guests. This corner lot, with Garvey Frontage, is in close proximity to numerous restaurants, shopping malls, supermarkets, banks, schools, post office, and a golf course. The property offers excellent income potential and is fully occupied by well-established, stable tenants in both its commercial and residential units. The significant monthly rent roll collections present an excellent opportunity for growth in rental incomes. Detailed rent roll and lease terms are available upon request. Both buildings are secure, with a single main entrance for enhanced maintenance and safety. This mixed-use property includes a restaurant, a beauty salon, lofts, and multiple 1-2 bedroom units for residential leases. The location offers transportation and accessibility advantages, with close proximity to major freeways and numerous public transportation options. The buildings, constructed in 2018, feature contemporary architecture and up-to-date amenities that comply with current building standards. With stable, well-established tenants, ideal locations, and low CAM costs, this property is an attractive opportunity for multi-generational investment.
  1. Listed by Kai Kyi • DRE #01986720 • Brokerage DRE #02125613 • Wetrust Realty • 626-863-2200
  2. Listed by Kerry Mac • DRE #01962375 • Brokerage DRE #02125613 • Wetrust Realty

Property Details for 8479 Garvey Avenue

Total Units
42.0
Lot Size Source
Assessor
Building Area Total
36076
Building Area Units
Square Feet
Stories Total
5
Entry Level
1
Parcel Number
5288004067
Area
Rosemead/S. San Gabriel (651)
LISTING UPDATED: 09/18/2024 08:48 AM

Property Details for 8479 Garvey Avenue

StatusActive
MLS #AR24111558
Days on Market152
Taxes-
HOA Fees-
Condo/Co-op Fees-
Compass TypeMixed Use
MLS TypeCommercial Sale / Mixed Use
Year Built2018
Lot Size0.66 AC / 28,566 SF
CountyLos Angeles County

Building Information for 8479 Garvey Avenue

Stories5Residences-Year Built2018Lot Size0.66 AC / 28,566 SF

Property Information for 8479 Garvey Avenue

Community / Development
Community / Development
  • Investment Property: Yes
Property / Structure Info
Interior Features
  • Laundry: Yes
  • Laundry Features: Inside
Land/Lot Info
  • Lot Features: Corner Lot
  • Land Use: Multi-Family, Other, Retail
  • Land Lease: No
  • Utilities: Electricity Connected, Natural Gas Connected
  • Water Source: Public
Property / Structure Info
  • Building Status: Existing
Unit Information
Unit 1
  • Unit Type Units Total: 4
  • Unit Type Actual Rent: $19,000
  • Unit Type Area: 5576
  • Unit Type Type: 1
  • Unit Type Description: Commercials
Unit 2
  • Unit Type Units Total: 8
  • Unit Type Beds Total: 2
  • Unit Type Baths Total: 2
  • Unit Type Actual Rent: $2,200
  • Unit Type Area: 1000
  • Unit Type Type: 2
  • Unit Type Description: Lofts
Unit 3
  • Unit Type Units Total: 10
  • Unit Type Baths Total: 1
  • Unit Type Actual Rent: $1,800
  • Unit Type Area: 600
  • Unit Type Type: 3
  • Unit Type Description: Studios
Unit 4
  • Unit Type Units Total: 3
  • Unit Type Beds Total: 2
  • Unit Type Baths Total: 2
  • Unit Type Actual Rent: $2,300
  • Unit Type Area: 1000
  • Unit Type Type: 4
  • Unit Type Description: Condo
Unit 5
  • Unit Type Units Total: 3
  • Unit Type Beds Total: 2
  • Unit Type Baths Total: 3
  • Unit Type Actual Rent: $2,600
  • Unit Type Area: 1000
  • Unit Type Type: 5
  • Unit Type Description: Condo
Unit 6
  • Unit Type Units Total: 14
  • Unit Type Beds Total: 1
  • Unit Type Baths Total: 2
  • Unit Type Actual Rent: $1,900
  • Unit Type Area: 700
  • Unit Type Type: 6
  • Unit Type Description: Condo
Unit Information
  • Number Of Units Leased: 42
  • Number Of Buildings: 2

Property History for 8479 Garvey Avenue

DateEvent & SourcePriceAppreciation
DateEvent & SourcePrice

For completeness, Compass often displays two records for one sale: the MLS record and the public record.

Public Records for 8479 Garvey Avenue

Taxable ValueLand$1,715,000Additions$30,000Total$1,745,000
Tax Record2017$27,635 ($2,303 / month)
Home Facts
Total Finished SqFt916 SqFtAbove Grade Finished SqFt916 SqFtLot Size31,799 SqFtStyleOffice BuildingYear Built1928ZoningRMM1-CM*CountyLOS ANGELESAPN5288004045

Schools near 8479 Garvey Avenue

This home is within Garvey Elementary School District.
Rating
School
Type
Grades
Distance
Public - K to 6
Public - 7 to 8
Public - 9 to 12
Public - K to 6
Rating
School
Distance
Willard (Frances E.) Elementary School
PublicK to 6

Temple (Roger W.) Intermediate School
Public7 to 8

San Gabriel High School
Public9 to 12

Duff Language Magnet Academy
PublicK to 6

School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.

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8479 Garvey Avenue is a mixed use property for sale in Rosemead, CA 91770. This property was listed for sale on June 2, 2024 by Wetrust Realty, it's currently listed at $29,000,000. This listing's school district is Garvey Elementary School District. Nearby schools include Willard (Frances E.) Elementary School, Temple (Roger W.) Intermediate School and San Gabriel High School. 8479 Garvey Avenue is a 0-bed, 0-bath, 36,076 sqft mixed use property built in 2018.

No guarantee, warranty or representation of any kind is made regarding the completeness or accuracy of descriptions or measurements (including square footage measurements and property condition), such should be independently verified, and Compass expressly disclaims any liability in connection therewith. Photos may be virtually staged or digitally enhanced and may not reflect actual property conditions. Offers of compensation are subject to change at the discretion of the seller. No financial or legal advice provided. Equal Housing Opportunity.

Listing Courtesy of Wetrust Realty, Kai Kyi, DRE #01986720; Wetrust Realty, Kerry Mac, DRE #01962375

Based on information from one of the following Multiple Listing Services: CRMLS, CLAW, I-Tech, ROWMLS, GPSMLS, SDMLS, VCRDS/PFAR, Idyllwild Association of Realtors, Ojai Valley Board of REALTORS and/or AVMLS. Information being provided is for the visitor’s personal, noncommercial use and may not be used for any purpose other than to identify prospective properties visitor may be interested in purchasing. The data contained herein is copyrighted by CRMLS, CLAW, I-Tech, ROWMLS, GPSMLS, SDMLS, VCRDS/PFAR, Idyllwild Association of Realtors, Ojai Valley Board of REALTORS and/or AVMLS is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited. Property information referenced on this web site comes from the Internet Data Exchange (IDX) program of the MLS. This web site may reference real estate listing(s) held by a brokerage firm other than the broker and/or agent who owns this web site. For the avoidance of doubt, the accuracy of all information, regardless of source, is deemed reliable but not guaranteed and should be personally verified through personal inspection by and/or with the appropriate professionals.