El Monte, CA 91733,11203 11209 Garvey AVE

$2,050,000

Est. payment /mo

$2,500,000

18.0%
Est.Price: ?

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11203 11209 Garvey AVE El Monte, CA 91733

5,547 SqFt

SOLD DATE : 10/26/2022

Key Details

Sold Price $2,050,000

Property Type Commercial

Sub Type Mixed Use

Listing Status Sold

Purchase Type For Sale

Square Footage 5,547 sqft

Price per Sqft $369

MLS Listing ID WS22143096

Sold Date 10/26/22

HOA Y/N No

Year Built 1942

Lot Size 0.499 Acres

Acres 0.4989

Property Description

Best location for commercial property in city of El Monte. Cross street Peck Rd & Garvey Ave. Considered as the highest traffic exposure throughout the area. City had changed the zoning of this area to MMU (Mixed Multi Use) to accommodate the current growing demand & trend of retail and housing/apartment development in San Gabriel Valley. That plus all kind of other development opportunities. Some Examples of permitted use but not limited to (buyer needs to verify with city planning dept): car dealership, parking lot, mixed use residential commercial, school / educational, religious institution, church, assembly, office, medical, government facility, elder care / assisted living, child care, daycare, cannabis, grocery store, restaurant, food & beverage, pharmacy, showroom sales, tobacco, animal service, and more (Go to “elmonteca.gov/655” and click on Division 3 – Multiuse Zoning District to find out the extensive list of permitted use for this property.)

Property is currently used as car dealership. Owner is retiring and very motivated to sell. Business can be sold together with the property as well. It has 3 parcels with 3 separate APN (total lot size approx. 21,731 sf). Property’s address is 11203 – 11209 Garvey Ave, El Monte, CA 91733. The building has spacious offices and warehouse in the back for car maintenance and repair. The wide-open parking lot can hold 50 cars or more for car dealership business. The building square footage is approximated.

City of El Monte is rapidly growing due to close proximity to Metro station, Fwy 10 and downtown LA. Drive by this property and find out whether it’s the perfect location to build and setup your dream business.

Location

State CA

County Los Angeles

Area 619 - El Monte

Zoning mmu

Rooms

Ensuite Laundry None

Interior

Laundry Location None

Fireplace No

Laundry None

Exterior

Utilities Available Electricity Connected, Phone Connected, Water Connected

Building

Lot Description Level, Rectangular Lot

Story 1

Water Public

Others

Tax ID 8566008023

Acceptable Financing Cash, Cash to New Loan, Submit

Listing Terms Cash, Cash to New Loan, Submit

Financing Cash

Special Listing Condition Standard

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Mike And Mary Jafarkhani

Mike And Mary Jafarkhani

+1(949) 533-5040

Our team is ready to help you sell your home for the highest possible price ASAP


California Regional MLS (CRMLS)
Listed by HERMAN SOESILO • COLDWELL BANKER GEORGE REALTY
Bought with RICHARD HAN • SUN PROPERTIES

Mike And Mary Jafarkhani

Broker Associate | License ID: 00999447

+1(949) 533-5040

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