Millman Team Real Estate

$625,000

2428 S Garfield Avenue, Monterey Park, California 91754

  • Business Opportunity Property Type
Property Description

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.

Basic Details
Business Opportunity
For Sale
AR26013749
$625,000
Active
Features
$0
Address Map
CA
Los Angeles
Monterey Park
91754
Garfield
2428
Avenue
W119° 51' 30.5''
N34° 2' 50''
Located south of Garvey Ave, north of the 60 Freeway, and east of Atlantic Blvd.
641 - Monterey Park
S
Additional Information
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$0
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2171
Restaurant
2026-01-20
Broker/Agent Information
Michael Luu, Broker
Michael Luu
Listing Information
AR44890
31505
Cash,Cash to New Loan,Conventional,Contract
Active
2026-02-13T13:37:30Z
CRMLS
2026-01-20T17:09:36Z
Agent info
Ray Millman
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