Prime Monterey Park Commercial
745 E Garvey Ave Monterey Park, CA 91755
For Sale
$4,700,000
Mixed-use retail and office building in a high-traffic location.
Property Size8,006 SF
Lot Size0.55 Acres
Price / SF$587.06
Days on Market139
Property Features for 745 E Garvey Ave
General Information
- Standard status
- Active
- Size
- 8,006 SF
- Lot size
- 0.55 Acres
- Property subtype
- Commercial
Building Details
- Year Built
- 2008
Listing Agency:
CBD Investment Inc.
(626) 446-8999
Listed By:
Henry Liu · License #013782889
(626) 446-8999
Source:
Elliman
Added: Mar 11
Changed: Jul 6
Last Checked: Jul 26 at 6:11AM
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 CBD Investment Inc.
Investment Insights
Based on property information with market context.
Located on Commercial Garvey Ave in Monterey Park, this two-story mixed-use property offers a blend of retail and office spaces. The building has a size of 8,006 square feet and is situated on a 23,902-square-foot lot. The first floor is currently occupied by a restaurant, while the second floor houses an accounting office and academic program offices. A spacious parking lot is available at the back of the property to accommodate customer parking. The property's location provides convenient access to downtown Los Angeles, USC Medical School, Pasadena, Cal Tech University, and the airport. It is also near freeways 10, 60, 710, 5, and 101, facilitating easy access to other areas. The high-traffic location makes it suitable for retail and office uses.
Key Highlights
- Prime location on Commercial Garvey Ave in Monterey Park.
- Proximity to downtown Los Angeles, USC Medical School, Pasadena, and Cal Tech.
- Easy access to freeways 10, 60, 710, 5, and 101.
Financial Insights For Specialty Retail
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 | $270.9k | $33.84 |
| − Vacancy | −$17.9k | −$2.23 |
| EGI | $253.0k | $31.61 |
| − OpEx | −$63.3k | −$7.90 |
| NOI | $189.8k | $23.70 |
8,006 SF · lease $33.84/SF/yr · vacancy 6.60% · expense 25.00%
Alternative Uses
Best Use
Specialty Retail
$2.71M
$2.37M – $3.16M
NOI $189,782 @ 7.0% cap · market cap 4.04%
Second Best
Retail
$2.53M
$2.21M – $2.95M
NOI $177,129 @ 7.0% cap · market cap 3.77%
Theoretical Best
Office A
$4.29M
$3.75M – $5.00M
NOI $300,047 @ 7.0% cap · market cap 6.38%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Lead USA
Agricultural Supply
S&K Electrician of Monterey ...
Electrical Service
HUAYUN Music Center
Vocational School
Banh Mi Che ...
Restaurant
Kmc Plaza
Shopping Center & Mall
FAQs
What type of property is this?
Mixed-use property - Mixed-use retail and office building in a high-traffic location.
Where is this mixed-use property located?
The property is located at 745 E Garvey Ave Monterey Park, CA.
What is the asking price?
The asking price for this property is $4,700,000.
What are key features of this property?
This property features: Prime location on Commercial Garvey Ave in Monterey Park.; Proximity to downtown Los Angeles, USC Medical School, Pasadena, and Cal Tech.; Easy access to freeways 10, 60, 710, 5, and 101.
