Add Listing
    For Lease
    • 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

    111 S Garfield Ave Montebello, CA 90640

    View on Map
    Loading data...
    Loading data...
    Loading data...
    For Lease
    $1,950 /Mo

    Luxury office suites with open floor plans and private bathrooms.

    Lot size:
    0.22 Acres

    Property Features for 111 S Garfield Ave

    General Information

    Lot size
    0.22 Acres

    Building Details

    Year built
    1956

    We can help!

    Listing Contact
    Razmik Tatos
    Source: Elliman

    Listing Agent: Razmik Tatos

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    Learn more

    Property Insight Report

    Overview

    Remodeled Office Suites For Lease

    This is a luxury executive professional one-story office building centrally located within a high-density populated area with high visibility. The units have been completely remodeled and feature brand new private bathrooms with tile flooring. These fully air-conditioned units have an open floor plan layout and finished high ceilings. Suites 101, 102, and 103 are currently available for lease, offering approximately 815, 670, and 678 rentable square feet (approximately 745, 600, and 608 useable square feet). The property has plenty of unassigned parking.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Dena Stephen P Law Firm Pacific Dental Group ... Dental Office VG Trinity Health ... Crisis Center

    Suggested Use

    Real Estate Agency Law Firm Restaurant Spa & Massage Center Dental Office Hair Salon Nail Salon Building Supply Gym & Fitness Center Daycare Center

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

    Location Insight

    • Map
    • Local Demand
    City
    Montebello
    County
    Los Angeles
    State
    California
    Longitude
    -118.1305124
    Latitude
    34.014161

    Nearby Similar for Lease

    • $3 SF/Yr
      5,025 SF

      Free Standing Building For Rent

      5,025 SF free standing building with flexible temperature options.
      1100 W Olympic Blvd, Montebello, CA 90640
      View Details
    • Contact for pricing

      Remodeled Office Space in Montebello

      Stand-alone commercial office space with modern amenities and enclosed parking.
      3517 W Beverly Blvd, Montebello, CA 90640
      View Details
    • $1.35 SF/Yr

      Montebello Commercial Space Sublease

      Commercial space available for sublease in Montebello, California.
      8033-8037 E Slauson Ave, Montebello, CA 90640
      View Details
    • Contact for pricing
      7,642 SF

      Food Processing & Distribution Facility

      High-image food processing facility with cold storage and distribution capabilities.
      1117 West Olympic Blvd, Montebello, CA 90640
      View Details
    • Contact for pricing
      8,409 SF

      Food Processing & Distribution Facility

      Brand new facility with freezer, coolers, and floor drains.
      1115 West Olympic Blvd, Montebello, CA 90640
      View Details
    • Contact for pricing
      8,789 SF

      Food Processing & Cold Storage Facility

      Turnkey food processing and distribution facility with cold storage.
      1119 West Olympic Blvd, Montebello, CA 90640
      View Details
    • $1.65 SF/Yr
      216,171 SF

      Warehouse Space Near 5 Freeway

      Warehouse space with racking and office near 5 Freeway.
      7133 Telegraph Rd, Montebello, CA 90640
      View Details
    • $1.25 SF/Yr
      31,125 SF

      Industrial Space Available for Lease

      Industrial property featuring 31,125 square feet available for lease.
      710 Union St, Montebello, CA 90640
      View Details
    • Contact for pricing

      Industrial Property in Montebello

      Leased industrial property in Montebello, California.
      1520-1540 Beach St, Montebello, CA 90640
      View Details
    • $0.68 SF/Yr
      79,040 SF

      Paved, Fenced Trailer Storage Yard

      Paved and fenced trailer storage yard with freeway access.
      1700 S Greenwood Ave, Montebello, CA 90640
      View Details
    • Contact for pricing
      13,860 SF

      Montebello Warehouse and Office Space

      Mix of office and warehouse space with freeway access.
      501-507 Washington Blvd, Montebello, CA 90640
      View Details
    • Contact for pricing
      10,000 SF

      Montebello Office Space Available

      Sublease office space in Montebello through February 2027.
      1734 Aeros Way, Montebello, CA
      View Details

    FAQs

    What type of property is this?
    Office units - Luxury office suites with open floor plans and private bathrooms.
    Where is this office units located?
    The property is located at 111 S Garfield Ave Montebello, CA.
    What is the lease rate?
    The lease rate is $1,950 /Mo.
    What are key features of this property?
    This property features: - Centrally located in a high-density, high-visibility area.; - **Completely remodeled units with brand new private bathrooms and tile flooring.**; - Open floor plan layout and finished high ceilings.
    (818) 842-1200
    Request Owner's contact information
    111 S Garfield Ave Montebello, CA 90640
    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.
    111 S Garfield Ave
    Montebello, CA 90640
    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
    111 S Garfield Ave Montebello, CA 90640
    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
    Razmik Tatos
    (818) 842-1200 (818) 634-4411 (818) 842-4141
    Learn more
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!