2428 S Garfield Ave, Monterey Park, CA

Name: 2428 S Garfield Ave, For Sale in Monterey Park - eXp Realty
Brand: Michael Luu, Broker
SKU: AR26013749
Price: 625000 USD

Real Estate

For Sale

Listed price in listed location currency (USD).

$625,000

0017

MLS® AR26013749

Key Facts
Description
Map

Key Facts

Type Other

Levels Business Opportunity

Size -

Garage No

HOA Fees

Taxes

Days Active 0

Approx. Age

MLS® Number AR26013749

Property Address: 2428 S Garfield Ave, Monterey Park, CA, 91754-7222

Average square foot calculated using Size range provided by listing agent.

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.

MLS® NumberAR26013749

Locker

Ensuite LaundryNo

Balcony

Furnished

Laundry Level

Exposure

Exterior

GarageNo

Approx. Age

Stories

Pets

Included in Maintenance Fee

Heat

Hydro

Water

Building Insurance

Condo Taxes

Cable TV

Central Air

Parking Maintenance

Utilities

Heat

A/C

Heating Fuel

Extras

Furniture, fixtures and equipment (FF&E); commercial kitchen equipment; dining furniture and seating; bar equipment; two walk-in refrigerators; leasehold improvements; goodwill; and government licenses and permits, including the Type 48 liquor licens

Similar Listings

Price History

-End Date

Not Sold YetSold Price

For Sale

Jan 20, 2026List Date

$625,000List Price

Commute

Commute

Starting Address

Destination Address

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