Corner Office Condo in
1111 Corporate Ctr 306 Monterey Park, CA 91754
For Sale
$625,000
Well-maintained 1,716 SF office condo with abundant natural light.
Property Size1,716 SF
Price / SF$364.22
Days on Market95
Property Features for 1111 Corporate Ctr 306
General Information
- Standard status
- Active
- Size
- 1,716 SF
- Property subtype
- Commercial
Building Details
- Year Built
- 1992
Listing Agency:
Mark III Properties
(626) 287-3348
Listed By:
GARY KARASAWA · License #00572414
(626) 287-3348
Source:
Elliman
Added: Apr 24
Changed: Jul 10
Last Checked: Jul 26 at 4:41AM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Mark III Properties
Investment Insights
Based on property information with market context.
This well-maintained 1,716 square foot third-floor corner office condo features excellent natural light and multiple window exposures. The unit offers a functional layout with multiple private offices, an open workspace, and interior glass partitions, allowing for flexible use and visibility between rooms. Large windows provide pleasant views and abundant daylight, creating a bright and professional work environment. Vinyl flooring runs throughout, and the space includes a convenient in-suite utility sink. Located in a well-maintained office complex in Monterey Park, the property provides ample on-site parking and easy access to major freeways, including the 10, 60, and 710. The location has a walk score of 62, indicating it is somewhat walkable, a transit score of 50, indicating good transit options, and a bike score of 24, indicating it is somewhat bikeable. This office condo is ideal for owner-users or investors seeking a versatile office space in a central San Gabriel Valley location.
Key Highlights
- Well‑maintained 1,716 sf corner office condo with excellent natural light.
- Functional layout with multiple private offices and open workspace.
- Convenient in‑suite utility sink.
Financial Insights For Office B
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $65.9k | $38.40 |
| − Vacancy | −$15.9k | −$9.25 |
| EGI | $50.0k | $29.15 |
| − OpEx | −$12.5k | −$7.29 |
| NOI | $37.5k | $21.86 |
1,716 SF · lease $38.40/SF/yr · vacancy 24.10% · expense 25.00%
Alternative Uses
Best Use
Office B
$535.9K
$468.9K – $625.2K
NOI $37,510 @ 7.0% cap · market cap 6.00%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$918.7K
$803.9K – $1.07M
NOI $64,312 @ 7.0% cap · market cap 10.29%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Japan Pulp & Paper ...
Logistics Company
Altagen S Robert
Law Firm
Haven Law Group, ...
Law Firm
Ampac Management Group
Property Management Company
Gorilla Pallets
Corporate Office
FAQs
What type of property is this?
Office units - Well-maintained 1,716 SF office condo with abundant natural light.
Where is this office units located?
The property is located at 1111 Corporate Ctr 306 Monterey Park, CA.
What is the asking price?
The asking price for this property is $625,000.
What are key features of this property?
This property features: Well‑maintained 1,716 sf corner office condo with excellent natural light.; Functional layout with multiple private offices and open workspace.; Convenient in‑suite utility sink.
