Two-Story Office
For Sale
Contact for pricing
2609 Honolulu Avenue, Montrose, CA 91020
Two-story office building with private offices, open work areas, and support rooms, maintained and ready for occupancy.
Property Size6,082 SF
Price / SF$575.47
Days on Market94
Property Features for 2609 Honolulu Avenue
General Information
Standard status
Active
Size
6,082 SF
Total Parking Spaces
20
Property subtype
Office
Zoning
C2-I
Investment Type
Owner/User
Building Details
Year Built
1980
Stories
2
Tenancy
Multi
Listing Agency:
Lee & Associates - City of Industry
Listed By:
John Espinosa · License #CA 01255441
(562) 568-2034
Source:
Crexi
Added: Jul 13
Changed: Oct 4
Last Checked: Oct 12 at 5:16PM
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 Lee & Associates - City of Industry
Investment Insights
Based on property information with market context.
Built in 1980 and carefully maintained over the years, this two-story professional office building offers approximately 6,082 square feet of adaptable workspace. The interior is laid out with a practical mix of private offices, open work areas, and support rooms, providing flexibility for a range of office configurations.
Ongoing investment has been made in the roof, mechanical systems, and the parking lot, supporting a turn-key condition. The building is positioned in Montrose for an owner-occupant or office-focused user looking for ready-to-operate space.
Ongoing investment has been made in the roof, mechanical systems, and the parking lot, supporting a turn-key condition. The building is positioned in Montrose for an owner-occupant or office-focused user looking for ready-to-operate space.
Key Highlights
- Two‑story professional office building built in 1980
- Approximately 6,082 SF of adaptable office space
- Floorplan includes private offices, open work areas, and support rooms
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$132,948
Cap Rate
3.80%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$2,658,960
$2.7M
Cap Rate 7%
$1,899,257
$1.9M
Cap Rate 9%
$1,477,200
$1.5M
Market Conditions
NOI Build-Up for 6,082 SF
Gross rent
$233.5K $38.40/SF
− Vacancy
−$56.3K −$9.25/SF
EGI
$177.3K $29.15/SF
− OpEx
−$44.3K −$7.29/SF
NOI
$132.9K $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%
$2,658,960
Cap Rate 7%
$1,899,257
Cap Rate 9%
$1,477,200
Alternative Uses
Best Use
Office B
$1.90M
$1.66M – $2.22M
NOI $132,948 @ 7.0% cap · market cap 3.80%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$3.26M
$2.85M – $3.80M
NOI $227,940 @ 7.0% cap · market cap 6.51%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
2,019
Businesses Nearby
Explore this area
Business Placement
Demographics for 91020, CA
8,439
Population
3,501
Households
2.4
Avg Household Size
42
Median Age
51%
College-Educated
91%
High-School Grad
0.7 sq mi
ZIP Area
12,056
Density / Sq Mi
$60,899
Median Household Income
$59,838
Median Earnings
$2,258
Median Rent
$880,700
Median Home Value
Market
Vacancy Rate% for Office in West region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Office building - Two-story office building with private offices, open work areas, and support rooms, maintained and ready for occupancy.
Where is this office building located?
The property is located at 2609 Honolulu Avenue Montrose, CA.
What is the asking price?
The asking price for this property is $3,500,000.
What are key features of this property?
This property features: Two‑story professional office building built in 1980; Approximately 6,082 SF of adaptable office space; Floorplan includes private offices, open work areas, and support rooms
