Monterey Park, CA 91754,2320 S Garfield AVE
Monterey Park, CA 91754,2320 S Garfield AVE
Monterey Park, CA 91754,2320 S Garfield AVE
Monterey Park, CA 91754,2320 S Garfield AVE
Monterey Park, CA 91754,2320 S Garfield AVE
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$631,000

$780,000

19.1%
Est.Price: ?

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Est. payment /mo

2,522 Sqft Lot


SOLD DATE : 12/12/2023

Key Details

Sold Price $631,000

Property Type Commercial

Sub Type Office

Listing Status Sold

Purchase Type For Sale

MLS Listing ID AR23118562

Sold Date 12/12/23

HOA Y/N No

Year Built 1962

Lot Size 2,522 Sqft

Lot Dimensions Public Records

Property Description

Prime investment opportunity! This property is conveniently located in the highly desirable area of Monterey Park, just off the 60 Freeway on Garfield Avenue and a short distance to San Bernardino Interstate 10 as well as the Long Beach 710 freeway. The ground floor was most recently used as a medical office with reception area, three patient rooms, two bathrooms, a shower and break area. The second floor currently contains two bedrooms, a kitchen, one bathroom and a patio most recently used as mixed use /residential but may potentially be converted for additional office space. A New solar system was installed two years ago, there is ample street parking in the front as well as three dedicated parking spaces behind the building. The property is being sold "As is" due to unfinished work/renovations, an incredible opportunity to finish out as you see fit for your business. Monterey Park is well known for their world-class police and fire protection as well as public programs that have won awards for innovation. This is a community with very active citizens who take a lot of pride in their city. Monterey Park has maintained a pro-business environment with new top dining destinations, beautiful parks and continuous growth. Priced to sell quickly, don't pass this amazing opportunity to transform this centrally located property for your business!

Location

State CA

County Los Angeles

Area 641 - Monterey Park

Zoning GVN-S

Rooms

Other Rooms Living Quarters

Interior

Heating Central, Fireplace(s), Natural Gas, Solar

Cooling Central Air, Electric

Fireplace No

Laundry In Garage

Exterior

Fence Brick

Utilities Available Electricity Connected, Natural Gas Connected, Phone Available, Sewer Connected, Water Connected

Roof Type Common Roof,Flat

Total Parking Spaces 3

Building

Lot Description 0-1 Unit/Acre, Level, No Landscaping, Near Public Transit, Rectangular Lot, Walkstreet

Story 2

Water Public

Additional Building Living Quarters

Others

Tax ID 5265008005

Acceptable Financing Cash, Conventional, 1031 Exchange

Listing Terms Cash, Conventional, 1031 Exchange

Financing Cash

Special Listing Condition Standard

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California Regional MLS (CRMLS)
Listed by Castulo Romero • Lazerus Properties and Capital
Bought with Castulo Romero • Lazerus Properties and Capital
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