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2428 Garfield Avenue, Monterey Park, CA 91754
Priced at Only: $1,660,000
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Address: 2428 Garfield Avenue, Monterey Park, CA 91754
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  • MLS#: AR26008750 ( Retail )
  • Street Address: 2428 Garfield Avenue
  • Viewed: 3
  • Price: $1,660,000
  • Price sqft: $0
  • Waterfront: No
  • Year Built: 1952
  • Bldg sqft: 0
  • Days On Market: 21
  • Additional Information
  • County: LOS ANGELES
  • City: Monterey Park
  • Zipcode: 91754
  • Provided by: Michael Luu, Broker
  • Contact: Michael Michael
  • California Regional MLS IDX
  • DMCA Notice
  • Description
    Prime standalone commercial property located in Monterey Park, south of Garvey Ave, north of the 60 Freeway, and east of Atlantic Blvd. The property features approximately 2,171 square feet of building area situated on an 8,186 square foot lot, offering both front and rear access and excellent street visibility. Built in 1952, the property is home to a long established restaurant and bar operation that has been continuously serving the community since 1955, known as The Venice Room. The business is well known for its unique grill your own steak dining experience, a rare concept with no comparable offering in the surrounding area. The operation holds a Type 48 liquor license and benefits from strong revenue performance and a loyal, multi generational customer base. This is a rare opportunity to acquire both a landmark operating business and the underlying real estate in a highly desirable infill location with strong traffic exposure and proximity to major transportation corridors. Sale of the real property is required to close concurrently with the sale of the operating business under a separate agreement. Buyer to cooperate with coordinated escrow. Information deemed reliable but not guaranteed. Buyer to verify all details.
Features
Accountingtype
  1. Actual
Assetclass
  1. Retail
Building Area Total
  1. 2171.00
Commoninterest
  1. None
Construction Materials
  1. Brick
  2. Concrete
  3. Drywall Walls
Cooling
  1. Central Air
Country
  1. US
Current Financing
  1. None
Current Use
  1. Commercial
Current Use Comments
  1. Owner-occupied restaurant; business and real property sold concurrently.
Exclusions
  1. The operating business known as The Venice Room is excluded from the real property sale
  2. including all goodwill
  3. trade name
  4. liquor license
  5. inventory
  6. furniture
  7. fixtures
  8. equipment
  9. and all business assets. Business offered separately.
Inclusions
  1. All items considered real property and permanently affixed to the building.
Land Use
  1. Retail
Laundry Features
  1. None
Parcel Number
  1. 5265012018
Property Type
  1. Retail
Water Source
  1. Public
Year Built
  1. 1952
Headshot for Associate Xavier Gomez
  1. Xavier Gomez, BrkrAssc,CDPE
  2. RE/MAX College Park Realty
  3. BRE 01736488
  4. Fax: 714.975.9953
  5. Mobile: 714.478.6676
  6. salesbyxavier@gmail.com
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