2428 S Garfield Avenue Monterey Park, CA $ 1,660,000
2428 S Garfield Avenue
$ 1,660,000
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2428 S Garfield Avenue

Monterey Park, CA, 91754
$ 1,660,000
Bedrooms-- Baths-- Sq 2,171

Monthly Estimate*

$ 10,221

Listed by Michael Luu, Broker
2428 S Garfield Avenue, Monterey Park, CA 91754 - Image 1
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Commercial Property for sale in Monterey Park, CA

for $1,660,000. This 2,171 square foot building was built in 1952 on a lot size of 0.1879.

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.

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Commercial Active

Price

$ 1,660,000

Property Type

Commercial

Taxes

$ 0

Style

Lot Size

0.1879

Year Built

1952

Town/City

Monterey Park

County/Region

Los Angeles

MLS | Web ID

AR26008750

Days on Market

11

Features
General
Cooling Central Air
Construction Materials Brick Drywall Concrete
Exclusions The operating business known as The Venice Room is excluded from the real property sale including all goodwill trade name liquor license inventory furniture fixtures equipment and all business assets. Business offered separately.
Year Built 1952
Property Subtype Retail
Current Use Commercial
Business Type Restaurant
County Los Angeles
Property Type Commercial Sale
Special Listing Conditions Standard
Status Active
Directions Located south of Garvey Ave north of the 60 Freeway and east of Atlantic Blvd.
City Monterey Park
Number Of Units Total 1
MLS Area 641 - Monterey Park
Lot Size Units Square Feet
Lot Size Square Feet 8186
Number of Units Leased 1
Listing Terms Cash
Land Lease Y/N false
Current Financing None
Additional Parcels Y/N false
Lease Considered Y/N false
Building Area Units Square Feet
Standard Status Active
Occupancy Type Owner
Property Sub Type Additional Retail
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Interior
Total Stories 1
Air Conditioning Y/N true
Laundry Features None
Entry Level 1
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Exterior
Lot Features Street Level
Water Source Public
Inclusions All items considered real property and permanently affixed to the building.
Lot Size Area 8186
Number of Buildings 1
Building Area Total 2171
Lot Size Acres 0.1879
Lot Size Source Assessor
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* Excluded Features
List By
Michael Luu, Broker

Broker

brokermichaelluu@gmail.com

Email

Affordability Calculator

$10,221
Per Month
100%
0%
0%
Monthly Principal & Interest
$10,221
Monthly Property Taxes
--
Monthly Home Insurance
--
Default based on a 30-year fixed rate of 6.25% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.
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Nearby
4827338 Elementary School
4827337 Middle School
Unknown High School High School
Pricing History
DatePricePrice ChangeDescription
1/20/2026$1,660,000 Listed Price

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2428 S Garfield Avenue, Monterey Park, CA, 91754 is a Commercial Property for sale at $1,660,000 with 2,171 sqft and a lot size of 0.1879. 2428 S Garfield Avenue was built in 1952. The property's zip code is 91754 which is in Monterey Park, CA