For Sale 825, 835, 849 E Garvey Ave

Monterey Park, CA 91755

Exclusively Listed By: John Man Group

John Man, President DRE No. 01388408

Office: 626.872.6622 xt.1001

Direct: 626.236.2911

Email: Jman@maninvestmentgroup.com

Jonathan Hua, Manager

DRE No. 01485938 Office: 626.872.6622 xt.1005 Direct: 626.378.3316 Email: jhua@maninvestmentgroup.com

119 S. Atlantic Blvd. Monterey Park, CA 91754

www.ManInvestmentGroup.com

FOR SALE 825, 835, & 849 E Garvey Ave

Monterey Park, CA 91755

Investment Offering

Price: Undisclosed

No. of Buildings 3 (825, 835, 849)

825-835 E Garvey

849 E Garvey

8,399 SF

952 SF

Lot Size: 34,387 SF

APN: 5258-005-058 5258-005-059

Zoning: MPCM

Traffic Count 28,000 VPD

No warranty, express or implied, is made as to the accuracy of the information contained herein. This information is submitted subject to errors, omissions, change of price, rental or other conditions, withdrawal without notice, and is subject to any special listing conditions imposed by our principals.

Cooperating brokers, buyers, tenants and other parties who receive this document should not rely on it, but should use it as a starting point of analysis, and should independently confirm the accuracy of the information contained herein through a due diligence review of the books, records, files and

documents that constitute reliable sources of the information described herein.

Jonathan Hua, General Manager

DRE No. 01485938

Direct: 626-378-3316

Email: jhua@maninvestmentgroup.com

John Man, President

DRE No. 01388408

Direct: 626.236.2911

Email: Jman@maninvestmentgroup.com

Property Description Fantastic mixed-use property located at a prime location in Monterey Park, CA. Sale includes 2 parcels, APN: 5258-005-058 & 059 with 3 physical addresses: 825 (Ted’s Liquor currently vacant with liquor license worth $100k, market rent $5,000), 835 (9-unit Apartment 100% occupied with below market rents total rents approximately $11,000), and 849 (Jim’s VW Auto will be vacant at close of escrow market rent $5,000). Tax record shows property building square footage is approximately 9,351sf. To-tal lot area for both parcels is 34,387sf. Ideal for mix-used development with Floor area ratio up to 2.5 percent. Buyer to verify with the city. Daily vehicle traffic around 28,000 vpd.

City of Monterey Park Voted #3 in the U.S. by Time Inc’s Money Magazine “Best Places to Live 2017”!!! A suburb 8 miles east

of Downtown LA, Monterey Park is a transportation hub between the 10, 60, and 710 freeways; an educational hub with a great

school district and higher learning institutions like USC, Caltech, and Cal State LA nearby; a cultural hub with a diverse commu-

nity; and a “foodie haven”.

825

835

849

Rent Roll 825, 835, 849 E Garvey Ave

Monterey Park, CA 91755

Unit Income Proforma Lease Type Term

APT 1 $1,100 $1,200 Gross MTM

APT 2 $1,100 $1,200 Gross MTM

APT 3 $1,100 $1,200 Gross MTM

APT 4 $1,100 $1,200 Gross MTM

APT 5 $1,100 $1,200 Gross MTM

APT 6 $1,100 $1,200 Gross MTM

APT A $1,100 $1,200 Gross MTM

APT B $1,100 $1,200 Gross MTM

APT C $1,150 $1,200 Gross MTM

TED’S LIQUOR VACANT $7,000 Gross MTM

JIM’S VW N/A $7,000 Gross MTM

Monthly $9,950.00 $24,800

Annual Total $119,400 $297,600

This information has been secured from sources we believe to be reliable, but we make no representations or warranties, expressed or implied as to the accuracy of the information.

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