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$1,660,000
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Property Description
Prime standalone commercial property located in Monterey Park, south of Garvey Ave, north of the 60 Freeway, and east of Atlantic Blvd. The property features approximately 2,171 square feet of building area situated on an 8,186 square foot lot, offering both front and rear access and excellent street visibility.
Built in 1952, the property is home to a long-established restaurant and bar operation that has been continuously serving the community since 1955, known as The Venice Room. The business is well known for its unique "grill-your-own steak" dining experience, a rare concept with no comparable offering in the surrounding area. The operation holds a Type 48 liquor license and benefits from strong revenue performance and a loyal, multi-generational customer base.
This is a rare opportunity to acquire both a landmark operating business and the underlying real estate in a highly desirable infill location with strong traffic exposure and proximity to major transportation corridors.
Sale of the real property is required to close concurrently with the sale of the operating business under a separate agreement. Buyer to cooperate with coordinated escrow.
Information deemed reliable but not guaranteed. Buyer to verify all details.
Full Property Details
Full Property Details for 2428 S Garfield Ave
General
- Price: $1,660,000
- Status: Active
- Type: Retail
- Source: MRMLS
- MLS ID: AR26008750
- Updated: 1/20/2026
- Days on Market: 58 days
- Added to Site: 66 day(s) ago
Business
- Business Type: Restaurant
Rooms
Other Rooms
- Laundry: None
Location
- County: Los Angeles
- Driving Directions: Located south of Garvey Ave, north of the 60 Freeway, and east of Atlantic Blvd.
Heating & Cooling
- Cooling Type: Central Air
Structural Information
- # Buildings: 1
- Construction: Brick, Concrete, Drywall Walls
- Entry Floor Number: 1
- Stories/Levels: 1
- Building Size: 2171
- Square Feet: 2,171
- Current Bldg. Use: Commercial
- Year Built: 1952
Unit Information
- Occupancy Rate: Occupied
Lot Features
- Lot Size (Acres): 0.1879
- Useable Acres: .1879
- Lot Size (Sq. Ft.): 8,186
- Lot Size Source: Assessor
- Lot Features: Level with Street, Lot 6500-9999
- Lot Description: Level with Street, Lot 6500-9999
Financial Considerations
- Price Per Sq. Ft.: $764
Disclosures and Reports
- Exclusions: The operating business known as The Venice Room is excluded from the real property sale, including all goodwill, trade name, liquor license, inventory, furniture, fixtures, equipment, and all business assets. Business offered separately.
- Inclusions: All items considered real property and permanently affixed to the building.
- Investment: Yes
- Property ID: 5265012018
Listed by Michael Luu, Broker, MichaelLuu
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Schools
Schools serving 2428 S Garfield Ave
School District:Montebello Unified School District
| Name | Grades | Distance |
|---|---|---|
Bella Vista Elementary School, Monterey Park, CA 2410 Findlay Avenue, Monterey Park, CA 91754 | K-5 | 0.4 mi |
Macy Intermediate School 2101 Lupine Avenue, Monterey Park, CA 91755 | 6-8 | 0.5 mi |
Schurr High School 820 North Wilcox Avenue, Montebello, CA 90640 | 9-12 | 0.6 mi |
Disclaimer:
School attendance boundaries provided by ATTOM Data Solutions and are for reference only. Contact the school directly to verify enrollment eligibility.
Price & Sales History for 2428 S Garfield Ave
Date
Details
Price
Change
Source
1/12/2026
Listed
$1,660,000
107.5%
MLS
7/22/2021
Sold
$800,000
—
Public Record
Disclaimer: Historical sales information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.
Tax History
Tax History for 2428 S Garfield Ave
Year
Property Taxes
Change
Tax Assessment
Change
2025
$20,158
1%
$1,267,081
4%
2023
$19,867
3%
$1,217,880
2%
2022
$19,234
6%
$1,194,000
5%
2021
$18,161
1%
$1,133,623
1%
2020
$18,048
3%
$1,122,000
2%
2019
$17,508
-29%
$1,100,000
-32%
2018
$24,646
391%
$1,612,620
1355%
2017
$5,018
3%
$110,856
2%
2016
$4,875
4%
$108,684
2%
2015
$4,688
2%
$107,053
2%
2014
$4,584
2%
$104,957
—
2013
$4,495
—
$104,484
—
Disclaimer: Historical tax information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.
Estimate the Cost
Estimate the Cost for 2428 S Garfield Ave
2428 S Garfield Avenue, Monterey Park, CA 91754 (MLS# AR26008750) is a Retail property. 2428 S Garfield Avenue is currently listed for $1,660,000 and was received on January 12, 2026. Want to learn more about 2428 S Garfield Avenue? Do you have questions about finding other Retail real estate for sale in Monterey Hills? You can browse all Monterey Hills real estate or contact a Coldwell Banker agent to request more information.

