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13851 Garvey Avenue

Baldwin Park, CA 91706
  • $3,999,000
  • STATUS: Active
  • ON SITE: 155 Days
  • ID#: WS21143365
UPDATED: 57 min ago
$3,999,000
  • 0
    BEDS
  • 1.08
    ACRES
  • 0
    BATHS
  • 0
    1/2 BATHS
Type:
Commercial
Built:
1954
County:

School Ratings & Info

Listing Agent: Ricardo Gonzalez of Citywide Elite Realty


Description

Back on the market at a lower price.Ther property location is good for Car wash, night club, electric charger stations for electric car, dance floor, banquet weeding room, distributer location, restaurant and retail store. Buyers and buyer agents to do their own due diligence and own verifications. Seller can carry loan back with 25% down payment @5% Interest rate for up to 15 years DESCRIPTION: 4 buildings currently leased to Medical Supply Company at $1.11/SF generating yearly net Income $228,660 Lease has 3 years and 7 months left. Lease below market value. Property can be delivered vacant in 60 days. Building A First floor 4557 SF Was leased to pharmacy, 2 offices, open space working area, 2 bathrooms, break room, IV room Second floor 2500 SF build in 2007. 4 offices, one Executive bathroom with standup shower, kitchenette area and 2 storage areas Building B 5449 SF L shape store with bathroom, and 2 other stores/offices with adjacent bathrooms. Building C 2373 SF L shape 4 stores/offices with adjacent bathroom. Building D 2295 SF Was leased as a dental office with a bathroom. AREA DESCRIPTION: Dense infill Los Angeles Demographics: 38,000+ people within 1 mile of the property Within Minutes of Several Significant Traffic Generators: UPS Customer Center and Distribution Hub, Kaiser Permanente Hospital (257 beds) and Sierra Vista High School (2,300 Students) also 400 feet from Foster Elementary School. The property is strategically positioned across the street from LA Fitness, WaBa Grill, Coffee Bean & Tea Leaf and Chipotle Mexican Grill. Also the newly established 7-Eleven store and gas station. The site benefits from valuable ingress/egress along Garvey and Feather Ave. The subject property offers investors the opportunity to acquire a well located and fully occupied retail/office center in the desirable City of Baldwin Park within Los Angeles County. HIGHLIGHTS STABILIZED INVESTMENT OPPORTUNITY, Fully Occupied Investment Dense/Affluent Southern California Demographics The subject property is ideally situated in the heart of a dense, infill trade area featuring over 38,000 residents within 1 mile of the property. Half a million people within a 5-mile trade area with a total retail demand of $5.6 billion and retail sales of $800 million. Excellent Frontage and Regional Location. The subject property located immediately at the Exit and Entrance of busy Interstate 10 FWY.

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Based on information from California Regional Multiple Listing Service, Inc. as of 2021-12-05T10:28:13.37. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is deemed reliable but is not guaranteed accurate by the MLS or Cane Real Estate | Keller Williams La Jolla. Licensed in the State of California, USA.
www.canerealestate.com/homes/118963668
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13851 Garvey Avenue Baldwin Park, CA 91706

  • Price: $3,999,000
  • Status: Active
  • On Site: 155 Days
  • Updated: 57 min ago
  • ID#: WS21143365
0
Beds
0
Baths
0
½ Baths
1.08
Acres
1954
Built
Neighborhood:
608 - Baldwin Pk/Irwindale
County:
Los Angeles
Area:
608 - Baldwin Pk/Irwindale
Property Description
Back on the market at a lower price.Ther property location is good for Car wash, night club, electric charger stations for electric car, dance floor, banquet weeding room, distributer location, restaurant and retail store. Buyers and buyer agents to do their own due diligence and own verifications. Seller can carry loan back with 25% down payment @5% Interest rate for up to 15 years DESCRIPTION: 4 buildings currently leased to Medical Supply Company at $1.11/SF generating yearly net Income $228,660 Lease has 3 years and 7 months left. Lease below market value. Property can be delivered vacant in 60 days. Building A First floor 4557 SF Was leased to pharmacy, 2 offices, open space working area, 2 bathrooms, break room, IV room Second floor 2500 SF build in 2007. 4 offices, one Executive bathroom with standup shower, kitchenette area and 2 storage areas Building B 5449 SF L shape store with bathroom, and 2 other stores/offices with adjacent bathrooms. Building C 2373 SF L shape 4 stores/offices with adjacent bathroom. Building D 2295 SF Was leased as a dental office with a bathroom. AREA DESCRIPTION: Dense infill Los Angeles Demographics: 38,000+ people within 1 mile of the property Within Minutes of Several Significant Traffic Generators: UPS Customer Center and Distribution Hub, Kaiser Permanente Hospital (257 beds) and Sierra Vista High School (2,300 Students) also 400 feet from Foster Elementary School. The property is strategically positioned across the street from LA Fitness, WaBa Grill, Coffee Bean & Tea Leaf and Chipotle Mexican Grill. Also the newly established 7-Eleven store and gas station. The site benefits from valuable ingress/egress along Garvey and Feather Ave. The subject property offers investors the opportunity to acquire a well located and fully occupied retail/office center in the desirable City of Baldwin Park within Los Angeles County. HIGHLIGHTS STABILIZED INVESTMENT OPPORTUNITY, Fully Occupied Investment Dense/Affluent Southern California Demographics The subject property is ideally situated in the heart of a dense, infill trade area featuring over 38,000 residents within 1 mile of the property. Half a million people within a 5-mile trade area with a total retail demand of $5.6 billion and retail sales of $800 million. Excellent Frontage and Regional Location. The subject property located immediately at the Exit and Entrance of busy Interstate 10 FWY.
Exterior Features

Construction Materials Block Fencing Block Lot Features Lot Over 40000 Sqft Parking Total 64 Roof Asphalt

Interior Features

Cooling Central Air Cooling YN Yes Heating Central Heating YN Yes

Property Features

Additional Parcels YN No Business Type AccountingAuto DealerAuto ServiceBuild To SuitCommercialConvenience StoreCar WashChild CareDistributionDeli/CateringDentalDry CleanerEducation/SchoolEmploymentFood & BeverageFast FoodFinancialFranchiseHotel/MotelHealth ServicesLiquor Store Cap Rate 5.09 Common Interest None Current Financing Conventional Electric 220 Volts Land Lease YN No Laundry Features None Lease Considered YN No Listing Agreement Exclusive Right To Sell Listing Terms Cash To New LoanConventionalOwner May Carry Net Operating Income 228600 Property Sub Type Retail Special Listing Conditions Standard Utilities Electricity ConnectedNatural Gas ConnectedSewer AvailableSewer Connected Water Source Public Zoning Freeway Commercial



Based on information from California Regional Multiple Listing Service, Inc. as of 2021-12-05T10:28:13.37. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is deemed reliable but is not guaranteed accurate by the MLS or Cane Real Estate | Keller Williams La Jolla. Licensed in the State of California, USA.
 
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Cane Real Estate | Keller Williams La Jolla
7817 Ivanhoe Avenue #101
La Jolla CA, 92037
Listing Agent: Ricardo Gonzalez of Citywide Elite Realty