2428 S Garfield Avenue,Monterey Park, CA 91754
Monterey Park, CA 91754
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.
Details
| MLS # | AR26013749 |
|---|---|
| Listing Type | For Sale |
| Sub-Type | Resale |
| Status | Active |
| Days On Site | 223 |
| Listing Provided By | Michael Luu, Broker | Michael Luu |
Features
| SQ Feet | 2,171 |
|---|
Area Information
| State | CA |
|---|---|
| County | Los Angeles |
| City | Monterey Park |
| Zip Code | 91754 |
| Area | 641 Monterey Park |
| Listing VS Median (in 91754) | |
Price: $988,000 low | high Med: $194,500 sqft: 2,171 low | high Med: 519 $ / sqft: $455 low | high Med: $350 On site: 223 low | high Med: 204.5 | |
Market Activity 91754
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Learn More About This Property
| State | CA |
|---|---|
| County | Los Angeles |
| City | Monterey Park |
| Zip Code | 91754 |
| Area | 641 Monterey Park |
| Listing VS Median (in 91754) | |
Price: $988,000 low | high Med: $194,500 sqft: 2,171 low | high Med: 519 $ / sqft: $455 low | high Med: $350 On site: 223 low | high Med: 204.5 | |