Fully Occupied Office
For Sale
$4,650,000
245 West Garvey Avenue, Monterey Park, CA 91754
MPC4-R3-zoned office building with full occupancy in Monterey Park.
Property Size17,988 SF
Price / SF$258.51
Days on Market50
Property Features for 245 West Garvey Avenue
General Information
Standard status
Active
Size
17,988 SF
Property subtype
Land
Zoning
MPC4-R3
Occupancy
100%
Building Details
Buildings
1
Building Size
17,988 SF
Listing Agency:
SVN Vanguard
Listed By:
Anthony Ying · License #CalDRE #02052345
(714) 421-2258
Source:
Svnvanguard
Added: Aug 28
Changed: Oct 9
Last Checked: Oct 16 at 6:53AM
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 SVN Vanguard
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Investment Insights
Based on property information with market context.
Located at 245 West Garvey Avenue in Monterey Park, this office building contains 17,988 SF and is fully occupied. The property carries MPC4-R3 zoning, providing a defined commercial framework for its current office use.
The building is configured as an office asset with an adaptable layout suited to professional operations. Its location on West Garvey Avenue places the property within Monterey Park, California, while the existing occupancy provides an established operating profile for prospective ownership.
The building is configured as an office asset with an adaptable layout suited to professional operations. Its location on West Garvey Avenue places the property within Monterey Park, California, while the existing occupancy provides an established operating profile for prospective ownership.
Key Highlights
- 17,988 SF office building
- 100% occupancy
- MPC4‑R3 zoning
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$393,203
Cap Rate
8.46%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$7,864,060
$7.9M
Cap Rate 7%
$5,617,186
$5.6M
Cap Rate 9%
$4,368,922
$4.4M
Market Conditions
NOI Build-Up for 17,988 SF
Gross rent
$690.7K $38.40/SF
− Vacancy
−$166.5K −$9.25/SF
EGI
$524.3K $29.15/SF
− OpEx
−$131.1K −$7.29/SF
NOI
$393.2K $21.86/SF
Area
Los Angeles County, CA
Vacancy
24.10%
Lease Rate
$38.40 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$7,864,060
Cap Rate 7%
$5,617,186
Cap Rate 9%
$4,368,922
Alternative Uses
Best Use
Office B
$5.62M
$4.92M – $6.55M
NOI $393,203 @ 7.0% cap · market cap 8.46%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$9.63M
$8.43M – $11.24M
NOI $674,149 @ 7.0% cap · market cap 14.50%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Current Use
Lease Details
100%
Occupancy
Location Intelligence
Trade Area within ½ mile
1,872
Businesses Nearby
Explore this area
Business Placement
Demographics for 91754, CA
33,300
Population
12,754
Households
2.6
Avg Household Size
44
Median Age
38%
College-Educated
82%
High-School Grad
4.5 sq mi
ZIP Area
7,400
Density / Sq Mi
$81,890
Median Household Income
$46,992
Median Earnings
$1,884
Median Rent
$845,000
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Office in West region
Frequently Asked Questions
What type of property is this?
Office building - MPC4-R3-zoned office building with full occupancy in Monterey Park.
Where is this office building located?
The property is located at 245 West Garvey Avenue Monterey Park, CA.
What is the asking price?
The asking price for this property is $4,650,000.
What are key features of this property?
This property features: 17,988 SF office building; 100% occupancy; MPC4‑R3 zoning
