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8408 Garvey Ave
Rosemead, CA 91770 Garvey

$26,500,000 USD

Apartments For Sale • 62,730 SF

Property Details

Property Type Apartments
Total Building Size 62,730 SF
Lot Size 1.15 AC
Building Class B
Year Built 2022
Cap Rate 5.44 %
Zoning RMC3

44 Transit Score

77 Walk Score

                
                    Highlights
                
                                A truly unique mixed-use investment opportunity in Rosemead, California, offering a newly constructed building with commercial space and apartments
                            
                                This newer construction property in a prime San Gabriel Valley location is a high-quality, stabilized asset signaling attractive returns for investors
                            
                                Spacious 2-and 3-bedroom flats averaging 1,054 square feet each. Some ADA Compliant Units Available (Ovens Not Included)
                            
                                Residences feature central air conditioning/heating, fully equipped kitchens with dishwashers, in-unit washers/dryers, and vinyl wood flooring
                            
                                Garvey Garden Plaza offers seamless access to Southern California via major highways like the I-10 and SR-60
                            
                                Residents benefit from immediate retail convenience at the Shops at Montebello and easy access to diverse Southern California attractions

Financial Summary (Actual)

Net Operating Income: $1,442,350 USD (2024)

Cap Rate:	5.44 %
Total Expenses:	$560,293 USD

Amenities

Air Conditioning
Balcony
Controlled Access
Courtyard
Dishwasher
Tenant Controlled HVAC
Washer/Dryer
Walk-In Closets
Elevator
Patio
Vinyl Flooring
Smoke Detector

Public Transportation

Commuter Rail	Drive	Walk	Distance
El Monte (San Bernardino Line - Southern California Regional Rail Authority (Metrolink))	8 min	-	4.2 mi
Montebello/Commerce (Riverside Line - Southern California Regional Rail Authority (Metrolink))	12 min	-	5.8 mi
Airport	Drive	Walk	Distance
Long Beach (Daugherty Field)	36 min	-	23.1 mi
Bob Hope	34 min	-	24.8 mi
Los Angeles International	39 min	-	26.2 mi

Parking Details

Parking Available:	Yes
Reserved:	No
Spaces Provided:	115
Type:	Covered
Included in Rent:	Yes

Eric Chen 909-418-2071 CBRE, Inc.

8408 Garvey Ave Rosemead, CA 91770 Garvey