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

    2657 Honolulu Montrose, CA 91020

    View on Map
    Claim this Listing
    Loading data...
    Loading data...
    Loading data...
    For Sale
    $21,500,000

    Multi-use building with income potential in walkable Montrose, CA.

    Type:Commercial
    Property size:
    5,208 SF
    Lot size:
    0.35 Acres
    Added:
    Apr 3, 2026
    Days on Market:
    13
    Last Refresh:
    Apr 3 at 4:58 pm

    Property Features for 2657 Honolulu

    General Information

    Standard status
    Active
    Size
    5,208 SF
    Lot size
    0.35 Acres
    Property subtype
    Commercial

    Building Details

    Year Built
    1928

    We can help!

    Listing Contact
    Paul Locker

    Listing agent Paul Locker

    Listing office Locker Realty Corp.

    Listing date Apr 3, 2026

    Source Elliman

    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 Locker Realty Corp.

    Overview

    Versatile Commercial Building with Income

    The property features a 5,208-square-foot building on a 15,241-square-foot lot. The main level is approved for use as a meeting hall and includes a large open area, a built-in bar, a lounge area with tables and chairs, a reception/greeting area, a pool table, a full kitchen, a private office, storage areas, and two restrooms. The lower level, comprising 1,800 square feet, is currently used for adult daycare, featuring a large open area, a private office, and two restrooms. The property generates partial income from a parking lot operating from 7:00 am to 10:00 pm (except when the property owner needs it for an event), dance fitness activities for 4 hours per week, and the adult daycare on the lower level. The location has a walk score of 75, indicating it is very walkable, a bike score of 52, indicating it is bikeable, and a transit score of 34, indicating some transit options are available. The property is located in Montrose, CA.
    Location Intelligence

    Current Use by Public Records

    Knights of Columbus Volunteer Organization Montrose Martial Arts ... Training Center

    Suggested Use

    Law Firm Restaurant Real Estate Agency Spa & Massage Center Dental Office Hair Salon Nail Salon Food Market Grocery & Convenience Store Gym & Fitness Center

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

    Similar Places Nearby

    • Montrose Christian Montessori — 2545 Honolulu Ave, Montrose, CA 91020
    • Technix Academy — 2225 Honolulu Ave, La Crescenta-Montrose, CA 91020
    • Tiny Tot Gymnastics Club — 3527 N Verdugo Rd, Glendale, CA 91208
    • Bright Future Montessori Infant care and Preschool — 1911 Waltonia Dr, Montrose, CA 91020
    • Tunyan Family Preschool Reggio And Montessori Inspired — 3469 Las Palmas Ave, Glendale, CA 91208

    Location Insight

    • Map
    • Local Demand
    City
    Montrose
    County
    Los Angeles
    State
    California
    Longitude
    -118.2370149
    Latitude
    34.2099863

    Nearby Similar for Sale

    • $250,000

      Montrose Restaurant Business Opportunity

      Restaurant asset sale in ideal Honolulu Avenue retail strip.
      2232 Honolulu Avenue, Montrose, CA 91020
      View Details
    • $769,000
      703 SF

      Montrose Duplex: Development Opportunity

      Well-maintained duplex with potential for expansion or rebuild in Montrose.
      2502 Hermosa Avenue, Montrose, CA 91020
      View Details
    • $1,199,000
      1,792 SF

      Charming Montrose Duplex with Garages

      Two homes in one, near Montrose shopping district.
      2123 Crescent, Montrose, CA 91020
      View Details

    FAQs

    What type of property is this?
    Day care center - Multi-use building with income potential in walkable Montrose, CA.
    Where is this day care center located?
    The property is located at 2657 Honolulu Montrose, CA.
    What is the asking price?
    The asking price for this property is $21,500,000.
    What are key features of this property?
    This property features: City‑approved meeting hall on the main level with a large open area, built‑in bar, lounge, full kitchen, and private office.; Lower level (1,800 sq. ft.) currently used for adult daycare, including a large open area and private office.; Multiple income streams: parking lot, dance fitness, and adult daycare.
    (818) 956-8800
    We can help!
    Listing Contact
    Paul Locker
    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!