223 N Garfield Ave Ste 205 Monterey Park, CA 91754
Corner medical/office condo in medical corridor near Garfield Medical Center.
- Added:
- May 31, 2024
- Days on Market:
- 772
- Last Refresh:
- Jun 22 at 9:12 pm
Property Features for 223 N Garfield Ave Ste 205
General Information
- Standard status
- Active
- Size
- 1,479 SF
- Lot size
- 0.65 Acres
Listing office G E PROPERTY DEVELOPMENT (626) 297-1228
Listing date May 31, 2024
Source Exprealty
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Investment Insights
Based on property information with market context.
Key Highlights
- Prime location in medical corridor near Garfield Medical Center.
- Fully built‑out OBGYN medical office, ready for immediate use.
- Spacious 1,479 SQFT corner condo unit.
Local 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 | $56.8k | $38.40 |
| − Vacancy | −$13.7k | −$9.25 |
| EGI | $43.1k | $29.15 |
| − OpEx | −$10.8k | −$7.29 |
| NOI | $32.3k | $21.86 |
Alternative Uses
Property Analytics
Current Use by Public Records
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