Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    The Largest CRE Database in the US with Over 1 Million Listings

    1588 Corporate Center Drive 102 Monterey Park, CA 91754

    View on Map
    Loading data...
    Loading data...
    Loading data...
    For Sale
    Contact for pricing

    First floor office unit with open floor plan.

    Type:Office
    Added:
    Mar 5, 2026
    Days on Market:
    26
    Last Refresh:
    Mar 25 at 8:47 pm

    Property Features for 1588 Corporate Center Drive 102

    General Information

    Standard status
    Active
    Property subtype
    Office

    We can help!

    Listing Contact
    Shumei Kam

    Listing agent Shumei Kam License #00798181

    Listing office CBC George Realty

    Listing date Mar 5, 2026

    Source Cbcworldwide

    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 CBC George Realty

    Overview

    Monterey Park First Floor Unit

    Located in Monterey Park, this first-floor unit features an open floor plan with a reception desk area. The unit is situated in a building with ample parking and is described as light and bright. The property is ready for its next occupant.
    Location Intelligence

    Current Use by Public Records

    Chinese Daily News Publishing House WJLA Corporate Office

    Suggested Use

    Restaurant Real Estate Agency Law Firm Building Supply Spa & Massage Center Dental Office Big Box & Wholesale Store Auto Repair Shop Hair Salon Nail Salon

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

    Location Insight

    • Map
    • Local Demand
    City
    Monterey Park
    County
    Los Angeles
    State
    California
    Longitude
    -118.166
    Latitude
    34.046

    Nearby Similar for Sale

    • $3,250,000
      11,766 SF

      Monterey Park Commercial Opportunity

      Three-story building in Monterey Park with flexible leasing options.
      809 S Atlantic Boulevard, Monterey Park, CA 91754
      View Details
    • $600,000
      1,919 SF

      Monterey Park Commercial Space For Sale

      Versatile commercial space with permitted kitchen in San Gabriel Valley.
      1455 Monterey Pass Road, Monterey Park, CA 91754
      View Details
    • $680,000
      1,373 SF

      Commercial Building on Garfield Avenue

      Stand-alone commercial building in Monterey Park's high-traffic corridor.
      234 S Garfield, Monterey Park, CA 91754
      View Details
    • $338,000
      730 SF

      Monterey Park Commercial Property For Sale

      Commercial property in a prime Monterey Park location.
      401 S Garfield Avenue, Monterey Park, CA 91754
      View Details
    • $1,180,000
      2,163 SF

      Monterey Park Duplex Opportunity

      Desirable duplex in Monterey Park with convenient access to freeways.
      2354 Schoolside, Monterey Park, CA 91754
      View Details
    • $1,550,000
      2,237 SF

      Monterey Park Duplex with ADU

      Two detached homes on one lot in Monterey Park.
      607 Sefton, Monterey Park, CA 91755
      View Details
    • $750,000
      1,232 SF

      Monterey Park Income Property

      Income property in desirable location near amenities and freeways.
      126 N Mcpherrin, Monterey Park, CA 91754
      View Details
    • $1.50
      6,655 SF

      Prime Office/Retail Space Available

      1,600 SF office/retail space with excellent visibility and access.
      207 E Pomona Blvd, Monterey Park, CA 91755
      View Details
    • $10,000,000
      23,952 SF

      Monterey Park Apartment Building

      Apartment building for sale in Monterey Park, California.
      701 S Garfield Avenue, Monterey Park, CA 91754
      View Details
    • $5,700,000
      5,000 SF

      New Commercial Building For Sale

      New construction suitable for retail, restaurant, medical, or office use.
      283 E Garvey Ave, Monterey Park, CA
      View Details
    • $6,975,000
      19,920 SF

      Turn Key Food Processing Buildings

      Two stand-alone buildings with fenced yard, food prep and storage.
      1390-1398 Monterey Pass Rd, Monterey Park, CA 917454
      View Details
    • $3,499,000
      14,760 SF

      Industrial Flex Space For Sale

      Industrial flex space featuring two ground-level doors and office space.
      711-717 Monterey Pass Rd, Monterey Park, CA
      View Details

    FAQs

    What type of property is this?
    Office units - First floor office unit with open floor plan.
    Where is this office units located?
    The property is located at 1588 Corporate Center Drive 102 Monterey Park, CA.
    What is the asking price?
    The asking price for this property is Off market.
    What are key features of this property?
    This property features: Ample parking available for you and your clients.; First floor unit for easy access.; Open floor plan provides flexibility in designing your workspace.
    (626) 202-6446
    We can help!
    Listing Contact
    Shumei Kam
    Real Estate License ID: 00798181
    Learn More
    Request Owner's contact information
    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.
    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
    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

    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!