CA > Rosemead
Rosemead, CA 91770,8408 Garvey AVE
Rosemead, CA 91770,8408 Garvey AVE
Rosemead, CA 91770,8408 Garvey AVE
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$29,000,000
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1.15 Acres Lot
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8408 Garvey AVE Rosemead, CA 91770

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Patrick Fossati

Patrick Fossati

+1(805) 910-0463

UPDATED:

Key Details

Property Type Single Family Home, Multi-Family

Sub Type Mixed Use

Listing Status Active

Purchase Type For Sale

MLS Listing ID CV25139025

HOA Y/N No

Year Built 2022

Lot Size 1.151 Acres

Property Sub-Type Mixed Use

Property Description

We are proud to announce the offering of Garvey Garden Plaza, a truly unique mixed-use investment opportunity in Rosemead, California. Garvey Garden Plaza, located at 8408-8418 Garvey Avenue in Rosemead, CA 91770, is a newly constructed building offering three ground-floor modified gross retail spaces and 46 residences on its upper levels. 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 location near major highways, including the I-10 and SR-60, ensures 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). 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 attractive returns with a favorable 4.87% in-place cap rate. 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.

Location

State CA

County Los Angeles

Area 651 - Rosemead/S. San Gabriel

Zoning RMC3

Interior

Heating Central

Cooling Central Air

Flooring Vinyl

Fireplace No

Appliance Built-In Range, Dishwasher, Dryer, Washer

Laundry Stacked

Exterior

Parking Features Underground

Pool None

Community Features Curbs, Sidewalks

Total Parking Spaces 115

Private Pool No

Building

Lot Description Lot Over 40000 Sqft

Story 4

Entry Level Three Or More

Sewer Public Sewer

Water Public

Level or Stories Three Or More

New Construction No

Others

Senior Community No

Tax ID 5283005028

Energy Description 328.0

Acceptable Financing Cash, Cash to New Loan

Listing Terms Cash, Cash to New Loan

Special Listing Condition Standard

CRMLS – RECore
Listed by Eric Chen CB RICHARD ELLIS 626-757-5717

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agent

Patrick Fossati

Broker Associate | License ID: 01907255

+1(805) 910-0463

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