Listed by Michael Luu of Michael Luu,Broker (626-945-9956)
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.

Listing Tools (detailViewNewGen)

Property Details of 2428 S Garfield Avenue

Property Details

Exterior Features

Map Location

Based on information submitted to CRMLS as of May 24, 2026 3:22 AM EDT . All data is deemed reliable but is not guaranteed accurate by the MLS. All information should be independently reviewed and verified for accuracy. IDX information is provided exclusively for consumers’ personal, noncommercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.

Hi there! How can we help you?

Contact us using the form below or give us a call.

Send Us A Message:

I agree to receive marketing and customer service calls and text messages from Seven Gables Real Estate. To opt out, you can reply 'stop' at any time or click the unsubscribe link in the emails. Consent is not a condition of purchase. Msg/data rates may apply. Msg frequency varies. Privacy Policy.

Do not fill in this field:

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.