2428 S Garfield Avenue,Monterey Park, CA 91754
Monterey Park, CA 91754
Description
Prime standalone commercial property located in Monterey Park, south of Garvey Ave, north of the 60 Freeway, and east of Atlantic Blvd. The property features approximately 2,171 square feet of building area situated on an 8,186 square foot lot, offering both front and rear access and excellent street visibility. Built in 1952, the property is home to a long-established restaurant and bar operation that has been continuously serving the community since 1955, known as The Venice Room. The business is well known for its unique grill-your-own steak dining experience, a rare concept with no comparable offering in the surrounding area. The operation holds a Type 48 liquor license and benefits from strong revenue performance and a loyal, multi-generational customer base. This is a rare opportunity to acquire both a landmark operating business and the underlying real estate in a highly desirable infill location with strong traffic exposure and proximity to major transportation corridors. Sale of the real property is required to close concurrently with the sale of the operating business under a separate agreement. Buyer to cooperate with coordinated escrow. Information deemed reliable but not guaranteed. Buyer to verify all details.
Details
| MLS # | AR26008750 |
|---|---|
| Listing Type | For Sale |
| Style | Retail |
| Sub-Type | Resale |
| Status | Active |
| Year | 1952 |
| Days On Site | 241 |
| Listing Provided By | Michael Luu, Broker | Michael Luu |
Features
| SQ Feet | 2,171 |
|---|---|
| Story(s) | 1 |
| Units | 1 |
| Building(s) | 1 |
| Acreage | 0.19 |
Interior
| Cooling | Central Air |
|---|---|
| Cooling Yes / No | Yes |
Exterior
| Construction Materials | Brick, Drywall, Concrete |
|---|---|
| Lot Features | Street Level |
Area Information
| State | CA |
|---|---|
| County | Los Angeles |
| City | Monterey Park |
| Zip Code | 91754 |
| Area | 641 Monterey Park |
| Listing VS Median (in 91754) | |
Price: $1,297,000 low | high Med: $749,944 sqft: 2,171 low | high Med: 1,666 $ / sqft: $597 low | high Med: $453 On site: 241 low | high Med: 79 | |
Market Activity 91754
Request a showing
Request a showing
Contact
Learn More About This Property
| State | CA |
|---|---|
| County | Los Angeles |
| City | Monterey Park |
| Zip Code | 91754 |
| Area | 641 Monterey Park |
| Listing VS Median (in 91754) | |
Price: $1,297,000 low | high Med: $749,944 sqft: 2,171 low | high Med: 1,666 $ / sqft: $597 low | high Med: $453 On site: 241 low | high Med: 79 | |
