2428 S Garfield Avenue Monterey Park, CA $ 625,000
2428 S Garfield Avenue
$ 625,000
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2428 S Garfield Avenue

Monterey Park, CA, 91754
$ 625,000
Bedrooms-- Baths-- Sq 2,171

Monthly Estimate*

$ 3,848

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 $625,000. This building is 2,171 square feet.

Rare opportunity to acquire a 75-year established neighborhood restaurant in Monterey Park with a long-standing reputation and loyal local following. This iconic dining destination is widely known for its unique grill-your-own-steak experience, a concept that has attracted generations of patrons and continues to differentiate the business in the marketplace. The business includes a Type 48 liquor license allowing full on-sale alcohol service and offers a vibrant evening atmosphere with karaoke entertainment on Friday and Saturday nights, contributing to consistent customer traffic and strong community engagement. The restaurant is well recognized online, with over 500 customer reviews averaging 4 stars or higher, reflecting strong brand awareness and customer satisfaction. The establishment has also been featured in multiple regional and national food and lifestyle publications, highlighting its distinctive dining concept, long-standing history, and local significance. The operation features a fully equipped commercial kitchen, dining and seating areas, fixtures, equipment, two walk-in refrigerators, and other transferable business assets. The business is being sold as-is. The property enjoys excellent visibility, accessibility, and foot traffic within an established commercial corridor, supporting ongoing business activity. This opportunity may be well-suited for an owner-operator or an experienced restaurateur seeking a proven, long-standing business with historical significance and operational continuity. Business sale must be concurrent with the sale of the real property. The business will not be sold separately. Real property is not included in the business sale price and is offered under a separate listing. Please respect the confidentiality of the business; owner and employees should not be contacted or approached regarding the sale. Information deemed reliable but not guaranteed. Buyer to conduct their own due diligence regarding business operations, licensing, and financial performance.

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Commercial Active

Price

$ 625,000

Property Type

Commercial

Taxes

$ 0

Style

Town/City

Monterey Park

County/Region

Los Angeles

MLS | Web ID

AR26013749

Days on Market

63

Features
General
Exclusions Real property; seller’s personal items; cash on hand; accounts receivable; gift cards; trademarks not owned by seller; trade name variations not registered; and any items not expressly included in the Business Listing Agreement.
Business Type Restaurant
Business Name Established Restaurant & Bar
County Los Angeles
Property Type Business Opportunity
Status Active
Directions Located south of Garvey Ave north of the 60 Freeway and east of Atlantic Blvd.
City Monterey Park
MLS Area 641 - Monterey Park
Listing Terms Cash Cash to New Loan Conventional Contract
Additional Parcels Y/N false
Building Area Units Square Feet
Standard Status Active
Occupancy Type Owner
Ownership Type Corporation
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Exterior
Total Parking 17
Inclusions Furniture fixtures and equipment (FF&E); commercial kitchen equipment; dining furniture and seating; bar equipment; two walk-in refrigerators; leasehold improvements; goodwill; and government licenses and permits including the Type 48 liquor licens
Building Area Total 2171
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* Excluded Features
List By
Michael Luu, Broker

Broker

brokermichaelluu@gmail.com

Email

Affordability Calculator

$3,848
Per Month
100%
0%
0%
Monthly Principal & Interest
$3,848
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
1/21/2026$625,000 Listed Price

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2428 S Garfield Avenue, Monterey Park, CA, 91754 is a Commercial Property for sale at $625,000 with 2,171 sqft. The property's zip code is 91754 which is in Monterey Park, CA