Two-Story Mixed-Use
For Sale
$4,600,000
745 E Garvey Avenue, Monterey Park, CA 91755
Fully leased commercial building combining retail and office uses.
Property Size8,006 SF
Lot Size0.55 Acres
Price / SF$574.57
Days on Market867
Property Features for 745 E Garvey Avenue
General Information
Standard status
Active
Size
8,006 SF
Lot size
0.55 Acres
Property subtype
Mixed Use
Occupancy
100%
Building Details
Building Size
8,006 SF
Year Built
2008
Stories
2
Listing Agency:
CBD Investment Inc. 626-688-2208 Overview Additional information MLS R ID AR24084496 Interior features Exterior features Lot Size 0.55 Acres Other property details Archetype Realty Request a tour Contact agent Request a tour Contact agent Listed by Henry Liu CA DRE# 01378289 with CBD Investment Inc. 626-688-2208
Listed By:
Henry Liu CA DRE# 01378289 · License #01378289
(626) 566-2221
Source:
Archetyperealty
Added: Apr 27, 2024
Changed: Sep 8
Last Checked: Sep 10 at 7:15AM
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. 626-688-2208 Overview Additional information MLS R ID AR24084496 Interior features Exterior features Lot Size 0.55 Acres Other property details Archetype Realty Request a tour Contact agent Request a tour Contact agent Listed by Henry Liu CA DRE# 01378289 with CBD Investment Inc. 626-688-2208
Investment Insights
Based on property information with market context.
This two-story mixed-use property includes 8,006 SF of building area on a 23,902 SF land area. The property is fully leased and currently used for a combination of retail and office purposes, providing a blend of commercial uses within one building.
Located at 745 E Garvey Ave in Monterey Park, California, the property offers easy access for its current commercial operations. Its existing retail and office configuration supports a range of business activities within the established improvements.
Located at 745 E Garvey Ave in Monterey Park, California, the property offers easy access for its current commercial operations. Its existing retail and office configuration supports a range of business activities within the established improvements.
Key Highlights
- Fully leased mixed‑use property
- Two‑story building with 8,006 SF of building area
- 23,902 SF land area
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$177,129
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
3.85%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$3,542,580
$3.5M
Cap Rate 7%
$2,530,414
$2.5M
Cap Rate 9%
$1,968,100
$2.0M
Market Conditions
NOI Build-Up for 8,006 SF
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.
Gross rent
$270.9K $33.84/SF
− Vacancy
−$17.9K −$2.23/SF
EGI
$253.0K $31.61/SF
− OpEx
−$75.9K −$9.48/SF
NOI
$177.1K $22.12/SF
Area
Los Angeles County, CA
Vacancy
6.60%
Lease Rate
$33.84 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$3,542,580
Cap Rate 7%
$2,530,414
Cap Rate 9%
$1,968,100
Alternative Uses
Best Use
Retail
$2.53M
$2.21M – $2.95M
NOI $177,129 @ 7.0% cap · market cap 3.85%
Second Best
Office B
$2.50M
$2.19M – $2.92M
NOI $175,005 @ 7.0% cap · market cap 3.80%
Theoretical Best
Office A
$4.29M
$3.75M – $5.00M
NOI $300,047 @ 7.0% cap · market cap 6.52%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Open Analytics
Current Use
Lease Details
100%
Occupancy
Location Intelligence
Trade Area within ½ mile
1,406
Businesses Nearby
Explore this area
Business Placement
Demographics for 91755, CA
27,637
Population
9,316
Households
3
Avg Household Size
44
Median Age
32%
College-Educated
77%
High-School Grad
3.2 sq mi
ZIP Area
8,637
Density / Sq Mi
$74,362
Median Household Income
$37,778
Median Earnings
$1,811
Median Rent
$761,900
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Office in West region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Mixed-use property - Fully leased commercial building combining retail and office uses.
Where is this mixed-use property located?
The property is located at 745 E Garvey Avenue Monterey Park, CA.
What is the asking price?
The asking price for this property is $4,600,000.
What are key features of this property?
This property features: Fully leased mixed‑use property; Two‑story building with 8,006 SF of building area; 23,902 SF land area
