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12101-12119 Garfield Ave
South Gate, CA 90280

$2,450,000 USD

Storefront For Sale  •  9,618 SF

Property Details

  • Property Type Storefront
  • Total Building Size 9,850 SF
  • Lot Size 0.51 AC
  • Building Class C
  • Year Built 1950
  • Tenancy Multiple
  • Zoning C3
0 Transit Score
74 Walk Score

Highlights

Opportunity to Maximize Value: With all 5 tenants currently on modified gross leases, an investor is offered a prime opportunity
Below Market Rents: The existing leases are below market rates, presenting an additional value-add opportunity for a buyer to increase rental income
Short Term Leases: With three tenants on month-to-month leases and another tenant having just ±1.5 years of term left
High-Traffic Area: Surrounded by a mix of national and local businesses, commercial properties, and densely populated residential neighborhoods
Strong Demographics: This property offers excellent visibility as the 5-mile population is over 900,000 and in addition to the local businesses
Strong Growth Potential: Located in a thriving retail corridor with excellent exposure, making it an ideal investment for long-term appreciation

Major Tenants

Tenant SF Occupied Lease End Date
Abc Hardware
La Vaquita Mini Market
Salon J-Rotika

Amenities

  • Bus Line
  • Signalized Intersection

Public Transportation

Commuter RailDriveWalkDistance
Commerce (91 Line - Southern California Regional Rail Authority (Metrolink), Orange County Line - Southern California Regional Rail Authority (Metrolink)) 13 min - 6.0 mi
Norwalk/Santa Fe Springs (91 Line - Southern California Regional Rail Authority (Metrolink), Orange County Line - Southern California Regional Rail Authority (Metrolink)) 12 min - 7.2 mi
AirportDriveWalkDistance
Long Beach (Daugherty Field) 14 min - 7.3 mi
Los Angeles International 21 min - 15.8 mi
Bob Hope 38 min - 28.7 mi

Parking Details

Parking Available: Yes
Reserved: No
Spaces Provided: 14
Type: Surface
Included in Rent: Yes
Kevin Bettinger 310-579-9692 Matthews Real Estate Investment Services
Kevin Bettinger 310-579-9692 Matthews Real Estate Investment Services