8069 gARVEY AVENUE
ROSEMEAD, CA 91770
PRICE
$12,000,000
BUILDING SIZE
42,232SF
LOT SIZE
163,260 SF
CAP RATE
PRICE/SF (BLDG)
PRICE/SF
(LAND)
4.62%
$260
$74
The Brandon Michaels Group of Marcus & Millichap, as Exclusive Advisor, is pleased to present 8069 Garvey Avenue, a 78-unit mobile home park as a covered land opportunity situated on 3.75 acres of land (163,260 SF) along the highly trafficked Garvey Avenue in the San Gabriel Valley submarket of Rosemead, CA.
8069 Garvey Avenue consists of 78 units and is currently 94.2% occupied. The park is made up of nineteen (19) tenant owned units and fifty-nine (59) landlord owned units.
The subject property benefits from its position on Garvey Avenue, one of Rosemead’s primary east-west commercial thoroughfares with traffic counts in excess of 27,000 VPD.
8069 Garvey Avenue, alongside neighboring parcels to the east and west (the former LA Auto Auction site), are identified by the City as “catalytic project sites” with the greatest potential to transform Garvey Avenue.