Properties

Monterey Park, CA 91754 2428 S Garfield Avenue

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Presented By: Michael Luu with Michael Luu, Broker; 626-945-9956
  • MLS# AR26013749
  • 01/12/2026
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  • SQFT • 2,171

Home Details

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.
Presented By: Michael Luu with Michael Luu, Broker; 626-945-9956

Interior Features for 2428 S Garfield Avenue

Other Interior Features

SeatingCapacity75

General for 2428 S Garfield Avenue

Additional Parcels Y/NNo
Building Area UnitsSquare Feet
Business NameEstablished Restaurant & Bar
Business TypeRestaurant
CityMonterey Park
CountyLos Angeles
DirectionsLocated south of Garvey Ave, north of the 60 Freeway, and east of Atlantic Blvd.
ExclusionsReal property; sellerโ€™s personal items; cash on hand; accounts receivable; gift cards; trademarks not owned by seller; trade name variations not registered; and any items not expressly included in the Business Listing Agreement.
Listing TermsCash, Cash to New Loan, Conventional, Contract
MLS Area641 - Monterey Park
Occupancy TypeOwner
Ownership TypeCorporation
PostalCityMONTEREY PARK
Property TypeBusiness Opportunity
Standard StatusActive
StatusActive

Exterior for 2428 S Garfield Avenue

Building Area Total2171
InclusionsFurniture, 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
Total Parking17

Additional Details

Price History

Schools

High School Hubert H Humphrey Middle School
Middle School N/A
Elementary School Big Hollow Elementary School

Connect Realty

Price $625,000
MLS#AR26013749
List Date 01/12/2026
Property Type Business Op
Phone 888.795.6274
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