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    Montrose Commercial Property For Sale Title is generated by Realmo AI

    2320 Honolulu, Montrose, CA 91020

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    Claim this Listing
    Picture of Banks at 2320 Honolulu, Montrose, CA
    For Sale
    $3,850,000

    Commercial Sale - Montrose, CA

    Property size:
    8,626 SF
    Price / SF:
    $446/SF
    Added:
    Feb 26, 2026
    Days on Market:
    98
    Last Refresh:
    Jun 4 at 4:06 pm

    Property Features for 2320 Honolulu

    General Information

    Property type
    Commercial Sale
    Property subtype
    Other
    Standard status
    Active
    APN
    5615002005
    Size
    8,626 SF

    Utilities

    Cooling system
    Central Air, Gas (Cooling)

    Building Details

    Year built
    1952
    Architectural style
    Other

    We can help!

    Listing Contact
    Jigar Shah

    Listing agent Jigar Shah License #01116918

    Listing office Century 21 Discovery 1440 N Harbor Blvd., Suite 225, Fullerton, CA

    Listing date Feb 26, 2026

    MLS# PW26043301 Listing URL

    Copyright © 2026 California Regional Multiple Listing Service, Inc. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    HighLights

    • Prime location in a major business district.
    • Leased to Bank of America, a stable tenant.
    • Lease extends to September 30, 2029, providing long‑term income.
    • Lease includes options for renewal.
    • Includes two additional lots, potentially for Single Family Residence development.
    • Located in the Los Angeles market.

    Overview

    Located in a major business district of Montrose, CA, this commercial property is suitable for various uses, including banks, retail spaces, residential land, and general commercial real estate. The property includes two additional lots that could potentially be used for single-family residences. The current lease extends to September 30, 2029, with options for renewal, providing stability in the Los Angeles market. The property size is 8626 square feet.

    Local 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 $291.9k $33.84
    − Vacancy −$19.3k −$2.23
    EGI $272.6k $31.61
    − OpEx −$68.2k −$7.90
    NOI $204.5k $23.70
    8,626 SF · lease $33.84/SF/yr · vacancy 6.60% · expense 25.00%

    Alternative Uses

    Best Use
    Specialty Retail
    $2.92M
    $2.56M – $3.41M (±1% cap)
    NOI $204,479 @ 7.0% cap · market cap 5.31%
    Second Best
    Retail
    $2.73M
    $2.39M – $3.18M (±1% cap)
    NOI $190,847 @ 7.0% cap · market cap 4.96%
    Theoretical Best
    Office A
    $4.62M
    $4.04M – $5.39M (±1% cap)
    NOI $323,283 @ 7.0% cap · market cap 8.40%
    Zoning and permitted uses should be independently verified with local authorities.
    Property Profile Location Intelligence

    Current Use by Public Records

    Bank of America ATM Atm Mortgage, Bank of America Loan Service Bank of America Financial ... Financial Advisor

    Suggested Use

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

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

    Location Insight

    • Map
    • Local Demand
    City
    Montrose
    County
    Los Angeles
    State
    California
    Longitude
    -118.228786
    Latitude
    34.205666

    Nearby Similar for Sale

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    • $21,500,000
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      Versatile Commercial Building with Income

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      1,792 SF

      Charming Montrose Duplex with Garages

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    FAQs

    What type of property is this?
    Bank - Commercial property in Montrose, CA, with lease until 2029.
    Where is this bank located?
    The property is located at 2320 Honolulu Montrose, CA.
    What is the asking price?
    The asking price for this property is $3,850,000.
    What are key features of this property?
    This property features: Prime location in a major business district.; Leased to Bank of America, a stable tenant.; Lease extends to September 30, 2029, providing long‑term income.
    (714) 626-2000
    We can help!
    Listing Contact
    Jigar Shah
    Real Estate License ID: 01116918
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    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
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