Sign Up Successful!
You now have access to more from Realmo!
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings

    701 S Garfield Ave Monterey Park, CA 91754

    Sponsored
    For Sale
    $10,000,000

    Apartment - Monterey Park, CA

    Type:Apartment
    Property size:
    23,952 SF
    Lot size:
    55,492.00 Acres
    Days on Market:
    143
    Last Refresh:
    Jan 31 at 2:06 am

    Property Features for 701 S Garfield Ave

    General Information

    Property type
    Residential Multi Family
    Property subtype
    Apartment
    Standard status
    Active
    Rooms
    Bathroom 1, Bathroom 2, Bedroom 1, Bedroom 2, Bedroom 3
    Bedrooms
    3
    Bathrooms
    2
    APN
    5263008005
    Exterior features
    Fence, Community Features Included: Sidewalks, Storm Drains, Street Lights, Back Yard
    Fencing
    Fenced
    Appliances
    Range, Range - Gas
    Size
    23,952 SF
    Lot size
    55,492.00 Acres

    Utilities

    Cooling system
    Multi Units, Wall/Window Unit(s), Window Unit(s)

    Building Details

    Year built
    1959
    Floors in Building
    1
    Number of units
    40
    Flooring type
    Carpet, Laminate
    Building materials
    Stucco
    Roof type
    Flat
    Architectural style
    Other

    We can help!

    Listing Contact
    KEVIN LEE

    Cambridge Consolidated (626) 905-9085

    Listing agent KEVIN LEE (626) 905-9085 License #01899750

    Listing date Sep 11, 2025

    MLS# WS25208536 Listing URL

    Copyright © 2026 California Regional Multiple Listing Service, Inc. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    Learn more

    Property Insight Report

    Overview

    Monterey Park Apartment Building

    This apartment building is located in Monterey Park, California. The property has a size of 23,952 square feet and is situated on a 1.2739 acre lot.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Apartment buildings

    Suggested Use

    Realty agency Law Firm Restaurant Spa & Massage Dental Office Hair Salon Nail Salon Clothing Store Building Supply Gym & Fitness

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Monterey Park
    County
    Los Angeles
    State
    California
    Longitude
    -118.12722
    Latitude
    34.0525394

    Nearby Similar for Sale

    • $1,625,000
      2,237 SF

      Two Detached Homes, One Lot

      Two detached homes on one lot in Monterey Park.
      607 Sefton Ave, Monterey Park, CA 91755
      View Details
    • $3,975,000
      11,766 SF

      Monterey Park Commercial Building For Sale

      Three-story building in Monterey Park with flexible leasing options.
      809 S Atlantic Blvd, Monterey Park, CA 91754
      View Details
    • $1,810,000
      Pending

      Monterey Park Quadruplex Near Freeways

      Upgraded four-unit property with convenient access to freeways and amenities.
      2012 S Garfield Ave, Monterey Park, CA 91754
      View Details
    • $600,000
      1,919 SF

      Versatile Commercial Space in Monterey Park

      2,000 sq ft commercial space in San Gabriel Valley.
      1455 Monterey Pass Rd, Monterey Park, CA 91754
      View Details
    • $1,200,000
      Pending

      Monterey Park Quadruplex For Sale

      Quadruplex in Monterey Park, CA, with 2,080 square feet.
      117 Gladys Ave, Monterey Park, CA 91755
      View Details
    • New
      $1,400,000
      2,923 SF

      Monterey Park Quadruplex For Sale

      Quadruplex in Monterey Park with value-add potential and long-term stability.
      425 Sefton Ave, Monterey Park, CA 91755
      View Details
    • New
      $750,000
      1,232 SF

      Monterey Park Income Property

      Income property in desirable location near amenities and freeways.
      126 N Mcpherrin Ave, Monterey Park, CA 91754
      View Details
    • New
      $1,200,000
      2,588 SF

      Monterey Park Triplex with Upside

      Triplex in Monterey Park with value-add and redevelopment potential.
      417 Sefton Ave, Monterey Park, CA 91755
      View Details
    • $338,000
      730 SF

      Monterey Park Commercial Property For Sale

      Commercial property in a prime Monterey Park location.
      401 S Garfield Ave, Monterey Park, CA 91754
      View Details
    • $2,700,000
      2,000 SF

      Monterey Park Commercial Building For Sale

      Freestanding corner lot building, ideal for investment or owner use.
      829 S Atlantic Ave, Monterey Park, CA 91754
      View Details
    • $799,000
      1,719 SF

      Monterey Park Move-In Ready Townhome

      Spacious 4-bedroom, 3-bathroom townhome with modern upgrades and mountain views.
      410 Russell Ave, Monterey Park, CA 91755
      View Details
    • $1,499,000
      4,306 SF

      Monterey Park Multifamily Investment Opportunity

      Five-unit multifamily property in Monterey Park, built in 1960.
      1581 College View Dr, Monterey Park, CA 91754
      View Details

    FAQs

    What type of property is this?
    Apartment building - Apartment building for sale in Monterey Park, California.
    Where is this apartment building located?
    The property is located at 701 S Garfield Ave Monterey Park, CA.
    What is the asking price?
    The asking price for this property is $10,000,000.
    What are key features of this property?
    This property features: - Fenced Back Yard provides privacy and space.; - Stucco Construction offers durability and classic appeal.; - Laminate Flooring throughout.
    (626) 905-9085
    Request Owner's contact information
    701 S Garfield Ave Monterey Park, CA 91754
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    701 S Garfield Ave
    Monterey Park, CA 91754
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    701 S Garfield Ave Monterey Park, CA 91754
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    We can help!
    Listing Contact
    KEVIN LEE
    Real Estate License ID: 01899750
    (626) 905-9085
    Learn more
    Google sign-in failed. Please try again or use another login method.