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Excellent investment opportunity with good CAP rate. This income-producing corner lot offers a rare combination of residential and commercial uses with strong, stable cash flow. The property features a commercial duplex with prime Garvey Avenue frontage located at 11534 Garvey Ave. One unit is occupied by a long-established hair salon that has successfully operated at this location for many years. Located behind the commercial building is a tenant-occupied single-family residence at 2843 Meeker Ave. Separate utility meters for the residential and the commercial units. In addition, a large rear lot is currently leased to a nearby auto shop for parking, providing supplemental rental income. Both the commercial duplex, the residential unit, and leased lot contribute to consistent monthly revenue. All tenants are on month-to-month leases, offering flexibility for future repositioning, redevelopment, or rent adjustments. This well-sized corner lot presents strong upside potential and multiple value-add opportunities, making it ideal for investors seeking both immediate income and long-term growth.
Property Type(s):
Single Family
| Last Updated | 3/5/2026 | Year Built | 1934 |
|---|---|---|---|
| Community | 619 - El Monte | Garage Spaces | 2.0 |
| County | Los Angeles |
Price History
| Prior to Mar 5, '26 | $1,798,000 |
|---|---|
| Mar 5, '26 - Today | $1,758,000 |
Additional Details
| AIR | Wall/Window Unit(s) |
|---|---|
| AIR CONDITIONING | Yes |
| AREA | 619 - El Monte |
| CONSTRUCTION | Stucco |
| GARAGE | Yes |
| HEAT | Wall Furnace |
| LOT | 0.2827 acre(s) |
| LOT DESCRIPTION | Corner Lot |
| LOT DIMENSIONS | 12309 |
| PARKING | Garage |
| POOL DESCRIPTION | None |
| SEWER | Public Sewer |
| STORIES | 1 |
| UTILITIES | Electricity Connected, Natural Gas Connected, Sewer Connected, Water Connected |
| VIEW DESCRIPTION | None |
| WATER | Public |
Location
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Listed with Wetrust Realty
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