Prime Multi-Family / Commercial Development Site 1.96 ACRES
Exclusively Marketed By: Jim Abbott Rustin Mork DRE Lic# 00769697 DRE Lic# 01448642 213.627.3338 x288 213.627.3338 x206 abbott@raginc.com rustin@raginc.com Jim Abbott, Jr. Hunter McDonald DRE Lic# 01870203 DRE Lic# 01879029 213.627.3338 x368 213.627.3338 x386 jwabbott@raginc.com hunter@raginc.com
808-910 West Garvey Ave & 809-817 West Mabel Ave Monterey Park, California 91754 1.96 Acres (7 Contiguous Parcels) Major Intersection of Garvey Ave & Atlantic Blvd Premier Development Site in the Heart of One of the Most Desirable Communities in the San Gabriel Valley Immediately Adjacent to Major Retail, Office, Residential and Civic Amenities Ongoing Plans for 6-Story, 168 Units Residential Project Previously Approved Plans for 6-Story Project with 98 Residential Units and 20,000 Square Feet of Retail Space Zoning / General Plan: Regional Specialty Center (R-S), Planned Development (P-D) / Mixed Use 1 Minutes to Downtown Los Angeles & Major Freeways GARVEY AVE ATLANTIC BLVD Property Profile
GARVEY VILLAS - Residential Concept Ongoing Plans for 168 Unit Residential Podium Project: - 6 Stories,189,000 SF Building, 80 Height, 2.25 FAR - Ground Floor Retail / 2 Stories Parking / 4 Stories Apts. Multiple Layouts with One to Three Bedroom Units Emphasizing Residential Privacy Secluded from Retail Corner Anchor Retail Space with Adjacent Shops Above Ground Parking (+/- 542 Spaces on Two Levels) Previously Entitled Plans for 98 Residential Condo Units Buyer to Verify All Uses & Plans with City Previously Approved Plans
Atlantic Boulevard Garvey Avenue Location Overview
Glendale / Burbank La Canada Pasadena San Marino Downtown Los Angeles Alhambra Monterey Park Location Overview
Location Overview
The City of Monterey Park, California The City of Monterey Park is 7.73 square miles in size and located in the San Gabriel Valley, just east of downtown Los Angeles. Incorporated on May 29, 1916, it is a City that combines almost a century of history and tradition with a modern approach to business, neighborhoods, people, and community. It is conveniently located adjacent to three major freeways that provide north-south and east-west access to all of Southern California - bounded on the west by the Long Beach Freeway (710), on the north by the San Bernardino Freeway (Interstate 10), and the south by the Pomona Freeway (State Highway 60). Because of its central location and proximity to downtown Los Angeles, Monterey Park is well served by public rail and bus transit lines, providing residents and employees with many alternative ways to traveling to work, shopping, and home. With Garvey Avenue and Atlantic Boulevard being two of the most traveled streets in Monterey Park, this is one of the most highly sought after corners in the San Gabriel Valley. The Southwest corner of Garvey Ave and Atlantic Blvd is one of the last remaining large parcels to be developed in a rapidly growing infill commercial and residential market. The property is located in the heart of the central business district of the City. It is within walking distance to some of the landmark retailers and service providers in the area including the brand new Atlantic Time Square theatre and shops, Ocean Star Restaurant, 99 Ranch Market and East West Bank. The area prides itself on a unique mix of both national, name brand tenants, as well as local, ethnic retailers, grocers and more. Location Overview
Demographics 1 Mile Radius 3 Mile Radius 5 Mile Radius 2009 Estimated Population 34,575 310,069 799,246 2000 Census Population 33,527 287,900 741,279 Growth 2000-2009 3% 7% 7% 2009 Population by Race 43,310 464,988 1,299,438 Asian 52.2% 26.8% 15.6% White 25.8% 37.9% 44% Hispanic 21.2% 34.5% 39.6% Native American 0.35% 0.03% 0.01% African American 0.33% 0.6% 0.7% Pacific Islander 0.023% 0.023% 0.023% Households 1 Mile Radius 3 Mile Radius 5 Mile Radius 2009 Estimated Households 11,227 95,737 236,521 2014 Projected Households 11,340 96,318 238,021 2000 Census Households 10,748 87,072 214,932 Growth 2000-2009 4% 9% 9% Owner Occupied 4,938 40,569 97,493 Renter Occupied 5,776 48,795 123,233 Location Overview
For More Information Contact: Jim Abbott Rustin Mork DRE Lic# 00769697 DRE Lic# 01448642 213.627.3338 x288 213.627.3338 x206 abbott@raginc.com rustin@raginc.com Jim Abbott, Jr. Hunter McDonald DRE Lic# 01870203 DRE Lic# 01879029 213.627.3338 x368 213.627.3338 x386 jwabbott@raginc.com hunter@raginc.com Realty Advisory Group, Inc 545 S. Figueroa St, 12 th Floor Los Angeles, CA 90071