tomo logo

$880,000

Beds
Unknown
sq ft
2,575

11408 Garvey Ave, El Monte, CA 91732

11408 Garvey Ave

El Monte, CA 91732

  • 57 days on market
This mixed-use property presents a unique investment opportunity, offering a versatile combination of commercial and residential spaces in a highly sought-after location. The property includes three units: the front unit, previously operated as a barber shop, is designated for commercial use, while the two rear units are residential—one featuring two bedrooms and one bathroom, and the other a one-bedroom, one-bathroom layout. Though the property requires repairs, it is situated in close proximity to a wide range of shops, restaurants, and other amenities. Its convenient access to major freeways ensures easy commuting to nearby cities, enhancing its appeal to both commercial and residential tenants. With a spacious lot that offers significant potential, this property is an excellent opportunity for maximizing real estate value. Don't miss the chance to invest in this prime location!

Details

Property type

Mixed Use

Est. home value

$703,083

Lot size

9,946 sq ft

Price per sq ft

$342

Year built

1948

Price History

09/12/2024
CRMLS

CRMLS #AR24048648

Removed
$880,000
09/12/2024
CRMLS

CRMLS #AR24189637

Listed
$880,000
05/22/2024
CRMLS

CRMLS #AR24048648

Price change
$880,000
-10.2%

Schools & Community

Neighborhood: 

Mountain View

Elementary school: 

Unknown

Middle school: 

Unknown

High school: 

Unknown

Community features: 

Curbs

Seller’s Loan History

Before you make an offer, understand who you are negotiating with so you can tailor your negotiation strategy to their situation.

Lender

Wei Lien Chu

Loan start date

August 2023

Original loan amount

$600,000

Est. remaining balance

Not provided

Interest rate

6.96%

Loan type

Commercial

Seller

Ying Xue

Source: Public records data

If you're the owner, you can request to remove loan details. Email listingsupport@tomo.com

How insights can help you

Interest rate

If the seller has a low interest rate, they may be tempted to rent the property out if they can't get the price they have in mind.

Motivation

If the seller already got a job in a different city, they may feel pressure to sell quickly to free up cash for a new home.

Equity

If the seller stands to receive a large amount of cash when they sell the property, they might be willing to negotiate on the offer price.

Interested in learning more?

Status: Active

Tomo last checked: 11/08/2024 at 5:05 AM

Listing updated: 09/27/2024 at 8:31 PM

Listed by: Crystal Zheng, KW Executive Phone #: (626) 872-2207

MLS: CRMLS #AR24189637

CRMLS logo

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