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Property profile & analytics
OFF-MARKET Estimated value $1,255,000
Turn key restaurants

610 Garvey Ave Monterey Park, CA 91755-1911

1,260 SF 0.14 ac lot Built 1981
Entity Owned 1-yr Hold Absentee Owner ~ Est. High Equity
Property ID
US09-8294157
Property summary
AI-generated overview

This 1,260 square foot freestanding restaurant, built in 1981, is located at 610 E Garvey Ave, Monterey Park, CA 91755, in Los Angeles County. Priced at $1,250,000 ($992.06/sq ft), it sits on a 5,948 sq ft lot and offers an owner/user investment opportunity with an occupancy date of February 1, 2025. The property features a fully equipped kitchen with a hood system, a permitted patio area, ample on-site parking, and excellent visibility from a high-traffic location. A large building sign enhances visibility, and the property includes an existing Type 41 liquor license (beer and wine). This turnkey operation is ideal for an established restaurant seeking expansion in the San Gabriel Valley, benefiting from a busy trade area and significant potential for growth. The single-story building provides a spacious and functional layout for restaurant operations.

Property profile
Verified
Property type Turn key restaurants
Use group RESTAURANT
Year built 1981
Construction TILT-UP CONCRETE
Total area 1,260 SF
Lot 0.14 ac (5,951 SF)
Zoning code MPCM*
APN 5259-016-052
UPID US09-8294157
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Current use
Occupant on record · Public records
  • 艺小串(哈尔滨啤酒) Restaurant
  • Yi Kebab Bar Grocery & Convenience Store
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
by Request
Comparable Approach Comparable
$1.34M
Blend (final) Blend
$1.26M
Owner & transaction history
Garvey 610 LLC · 1 yrs held
Garvey 610 LLC
since 2024
Last sale
$1.2M
7 recorded transactions
2024
$1.2M
2019
Price N/A
2017
$850,000
2008
$788,000
1995
$185,000
1991
Price N/A
1989
$400,000
Zoning & alternative use
MPCM* · Monterey Park, CA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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