Address
7951 Garvey Avenue Rosemead, CA
Price
$ 1,890,000
Property Attributes
  • MLS#WS21082449
  • TypeCommercial
  • CountyLOS ANGELES
  • CityRosemead
  • AreaRosemead-S. San Gabriel
  • Zip91770
  • StyleRetail
  • Price$ 1,890,000
  • Bedrooms0
  • Full Bathrooms0
  • Half Bathrooms0
  • Lot Size9,256 SqFt
Listing Provided Courtesy Of:
THANH LY with UNITED R.E.- LOS ANGELES - 626-826-9008
Data Source:
California Regional MLS (CRMLS) - 25 - CA
Property Description

LAND VALUE - DEVELOPMENT OPPORTUNITY In the heart of former auto auction and within the City of Rosemead Garvey Avenue Specific Plan. In May of 2014, the City of Rosemead initiated a comprehensive and visionary plan to revitalize the Garvey Avenue corridor, the City of Rosemead has committed significant resources scheduled for completion in early spring of 2017, the Garvey Avenue Specific Plan is expected to support commercial and residential uses in an integrated mixed use setting, with and incentivized program allowing the ability to build up to a 3 to 1 FAR and 80 dwelling units per acre, up to a 75 foot height limit. This visionary planning process initiated by City of Rosemead provides the fundamental framework for a visionary developer to create a regional draw for modern living intertwined with first class retail, food and entertainment. Currently, a one story building with three commercial retail units and parking in the rear. Sell in "As-Is" physical conditions, no repair, no termite. Please DO NOT contact tenants, DRIVE BY ONLY. Buyer and Buyer's agent to verify all MLS and property information with city to their satisfactions. See supplements for additional information.

Price History
4/20/2021 Listed $1,890,000

General Features

Listing Agent THANH LY - BRE#01332587
Listing Agent State License 01332587
MLS Area 651 - Rosemead/S. San Gabriel
Property Sub Type Additional Retail
Property SubType Retail
Property Type Commercial Sale
Special Listing Conditions Standard
Status Active
Terms Cash, Cash to New Loan
Total Units 3

Interior Features

Laundry Features None

Exterior Features

Lot Features Value In Land
Lot Size Acres 0.21
Lot Size Area 9256
Lot Size Source Assessor
Lot Size Square Feet 9256
Lot Size Units Square Feet
Number of Buildings 1
Water Source Public

Amenities

  • Foreclosure
  • Views
  • Short Sale
  • New Construction
  • Adult 55+
  • Lease To Own
  • No HOA Fees
  • Furnished
  • Primary On Main
  • Air Conditioning
  • Seller Finance
  • Green
  • Fixer Upper
  • Horse
  • Golf
  • Fireplace
  • Deck
  • Garage
  • Basement
  • Pool

Property vs Commercial Average in 91770

Price
AVG $650K
$1.89M
Visits
AVG 98
101
Year Built
AVG 1975
1955
Walkscore
AVG 78
78
Data Provided by Walkscore ® not using MLS data

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