45
$29,000,000
1.15 Acre Lot

8408 Garvey Avenue, Rosemead, California 91770

map-entry
  • Residential Income Property Type
  • Underground Cars Garage
  • 2022 Year Built
Property Description

We are proud to announce the offering of Garvey Garden Plaza, a truly unique mixed-use investment opportunity in Rosemead, California. Garvey Garden Plaza, located at 8408-8418 Garvey Avenue in Rosemead, CA 91770, is a newly constructed building offering three ground-floor modified gross retail spaces and 46 residences on its upper levels. Situated at the bustling corner of Garvey Avenue and Delta Avenue, in the western part of the San Gabriel Valley, this strategic location provides investors with direct access to a robust working-class demographic, positioning this asset for a buy-and-hold strategy aimed at generating generational wealth. This mixed-use development offers residents excellent connectivity to a wide array of amenities and transportation options. Its proximity to the Shops at Montebello provides immediate retail convenience, while its location near major highways, including the I-10 and SR-60, ensures access to all of Southern California’s diverse attractions, from the beaches of the Pacific to the scenic San Gabriel Mountains. Garvey Garden Plaza is a well-constructed, four-story community offering 62,730 square feet and spanning across a 50,132 square foot lot. This unique opportunity positions a new investor for significant returns within a prime San Gabriel Valley community. The property offers a desirable mix of two-bedroom and three-bedroom residences, complemented by three retail tenants. Residents enjoy a host of on-site amenities that include a courtyard with outdoor seating, elevator access, surface and reserved subterranean parking, controlled access for enhanced security, and creative drought-tolerant landscaping that creates a pleasant atmosphere. Individual units feature a variety of appealing interior amenities: central air conditioning and heating, fully equipped kitchens with dishwashers, in-unit washers and dryers, vinyl wood flooring, vertical blinds, and private balconies. There are some ADA compliant units available (ovens not included). Garvey Garden Plaza stands out as a prime, income-producing asset in Rosemead, presenting a compelling long-term investment. This newer construction property, ideally situated in a desirable San Gabriel Valley location, offers attractive returns with a favorable 4.87% in-place cap rate. It represents a stable and appealing opportunity for a diverse range of investors, from first-time buyers and seasoned professionals to those seeking 1031 exchange benefits.

Basic Details
Residential Income
For Sale
CV25139025
$29,000,000
2022
1.15 Acre
Active
1
Mixed Use
Features
: None
: Central
: Central Air
: Underground
: Vinyl
: Stacked
: Public Sewer
$0
Appliances
: Dishwasher, Dryer, Washer, Built-In Range
Address Map
CA
Los Angeles
Rosemead
91770
Garvey
8408
Avenue
Merge onto I-10 W, Take exit 26A for Walnut Grove Ave, Turn right onto Walnut Grove Ave, Turn right onto Garvey Ave
651 - Rosemead/S. San Gabriel
RMC3
Additional Information
$0
$0
$0
$0
$0
62730
: Sidewalks, Curbs
1
: Three Or More
: Lot Over 40000 Sqft
46
2025-06-20
4
: Public
Broker/Agent Information
CB RICHARD ELLIS
Eric Chen
Listing Information
C32772
1177
Cash,Cash to New Loan
Active
2025-06-20T21:59:58Z
CRMLS
: Standard
2025-06-20T14:33:09Z
Agent info
Ray Millman
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Contact Agent
Contact Us
ray@millmanteam.com 310.375.1069