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    Monterey Park, CA
    Bar & Pub

    Monterey Park, CA Bars & Pubs for Sale

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    Alhambra, CA Los Angeles, CA Montebello, CA East Los Angeles, CA Commerce, CA Rosemead, CA San Gabriel, CA Pico Rivera, CA
    Established Restaurant & Bar Property
    Updated: Apr 24
    Established Restaurant & Bar Property

    2428 S Garfield Ave, Monterey Park, CA 91754

    $1,297,000
    2,171 sqft 0.19 AC lot
    Prime standalone commercial property in a desirable Monterey Park location with high traffic exposure.
    Long‑established restaurant and bar (The Venice Room) operating continuously since 1955 with a loyal customer base.
    Unique 'grill‑your‑own steak' dining experience, a rare concept in the area.
    Property includes a Type 48 liquor license.
    Building area of approximately 2,171 square feet on an 8,186 square foot lot with front and rear access.
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    This listing looks promising.

    Here's a quick look at some key insights for

    2428 S Garfield Ave, Monterey Park, CA 91754

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    • Est. Cap Rate

      4%
      NOI ÷ price

    • Est. NOI

      $51K
      Annual

    • Mortgage

      $715K
      Oct 2018

    • Last Sold

      Aug 2021
      $800K

    • Property Type

      Restaurant
      Built 1952
    View Property Analytics
    Based on your search, we've compiled 9 Potential Opportunities for your consideration. Besides 1 Active listings in Monterey Park, CA, we suggest exploring several alternatives: 4 properties in Nearby Cities, plus 4 Land Listings that present a potential for development.

    Opportunities in Nearby Cities

    Here are 4 Similar properties we found in Nearby Locations for your consideration.

    Iconic Whittier Lounge & Grill
    Iconic Whittier Lounge & Grill

    7013 Greenleaf Avenue, Whittier, CA 90602

    $750,000
    3,500 sqft

    Thriving 80's themed bar and restaurant in Uptown Whittier.

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    Mixed-Use Property with Billboard
    Mixed-Use Property with Billboard

    3719 Whittier Blvd, Los Angeles, CA 90023

    Contact for pricing
    7,861 sqft

    Mixed-use building combines a remodeled bar/restaurant with four occupied residential units in the rear.

    View details
    Two-Unit Retail Bar Building
    Two-Unit Retail Bar Building

    5048 5050 E 3 rd St, Los Angeles, CA 90022

    $995,000

    Two leased units operate as a liquor store and bar, with recent roof, ADA, and parking lot updates.

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    Restaurant Bar and Lounge with Licenses
    Restaurant Bar and Lounge with Licenses

    11464 Whittier Blvd, Whittier, CA 90601

    Contact for pricing

    Restaurant, lounge, and bar for sale with included liquor, dance, and entertainment licenses and a license to charge at the door.

    View details

    Potential Development Sites for Consideration

    Can't find the perfect fit? These Land listings present an alternative path: the potential to develop a property for your specific goals.

    Important: These AI-suggestions are a starting point, not a guarantee of permitted use. All zoning, permitting, and land use information must be independently verified by you with the appropriate local authorities before making any commitments.

    Bluff-Front Hotel Development Land
    Bluff-Front Hotel Development Land

    34412 St Of The Green Lant, Dana Point, CA 92629

    $4,995,000

    Hotel development land with harbor and ocean views, supported by an approved nearby bluff-area hotel project plan.

    View details
    Bluff-Front Commercial Development Land
    Bluff-Front Commercial Development Land

    34412 St Of The Green Lant, Dana Point, CA 92629

    $4,995,000
    0.30 AC lot

    Commercially zoned bluff-front parcel with seller plans for restaurant or hotel development featuring ocean and harbor views.

    View details
    Flat Commercial Zoning Land Parcel
    Flat Commercial Zoning Land Parcel

    28865 Old Town Front St, Temecula, CA 92590

    $400,000
    0.49 AC lot

    Commercially zoned lot with flat, clean acreage in Temecula’s Old Town area.

    View details
    Commercial Rural Land Parcel
    Commercial Rural Land Parcel

    1153 Belfield Boulevard, Landers, CA 92285

    $295,000

    Commercial rural zoned land with a water meter and electric at the street, suitable for a range of site-planned uses.

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    Monterey Park, CA Bars & Pubs Market Trends and Statistics

    Explore 1 bars & pubs for sale in Monterey Park, CA on our real estate platform. These investment opportunities span a total of 2,171 square feet of properties for sale, with an estimated market value of $1,297,000.

    Sale prices for pubs in Monterey Park, CA start at $1,297,000, averaging $1,297,000, and reaching up to $1,297,000 — offering options for a variety of budgets and business needs. Daily updated analytics ensure you stay ahead with the latest data and market trends.

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    Top Commercial Asset Segments

    Commercial property segments ranked by active listings on the market

    Conventional restaurants 8
    Coffee shops 3
    Commercial kitchens 2
    Bars & Pubs 1
    Turn key restaurants 1

    Demographics Overview

    Population 60K
    Population Growth (5Y) -2.2%
    Median Household Income $78,553
    College Educated 29.6%

    High-Yield Neighborhoods for Investment

    Identify Monterey Park submarkets with the highest inventory density on the market and evaluate the average listing prices of real estate assets

    Neighborhood Average Price
    91754 $1.7M

    Taxes & Financing

    Tax Rate (average for all types) 1.42%
    Property Tax per SF $16.86 per SF
    Tax Rate vs County Average 0.18 pp above county avg
    Average Loan-to-Value 65.0%

    Listings Trend

    New vs delisted commercial listings in Los Angeles County

    New Delisted

    Total CRE Inventory on Market (SF)

    Average Property Price per SF

    For-sale pricing trends across core commercial property types in Los Angeles County

    Retail

    Office

    Residential Income

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