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    300 S Garfield Ave 111, Monterey Park, CA 91754

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    For Sale
    $450,000

    Turnkey suite with reception, private rooms, and laundry hookups in a multi-tenant building on Garfield Avenue.

    Type:Commercial
    Property size:
    856 SF
    Price / SF:
    $525/SF
    Added:
    Jun 3, 2026
    Days on Market:
    5
    Last Refresh:
    Jun 6 at 5:19 am

    Property Features for 300 S Garfield Ave 111

    General Information

    Standard status
    Active
    Size
    856 SF
    Property subtype
    Commercial

    Building Details

    Year Built
    1984

    We can help!

    Listing Contact
    Shumei Kam

    Listing agent Shumei Kam License #00798181

    Listing office ColdwellBanker George Realty

    Listing date Jun 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 ColdwellBanker George Realty

    HighLights

    • Approximately 856‑SF commercial office/retail suite in a multi‑tenant building on S Garfield Avenue in Monterey Park
    • 1984‑built building; suite includes a reception/open service area plus multiple private rooms
    • Features utility/storage areas and laundry hookups
    • Large front windows provide natural light and street presence
    • Floor plan designed to support both client‑facing and operational needs

    Overview

    This commercial office/retail suite for sale is located in a well-established multi-tenant building and is approximately 856 square feet. The layout was previously used as a spa and includes a welcoming reception or open service area, multiple private rooms, utility/storage areas, and laundry hookups. Large front windows bring in natural light and provide street-facing presence, while the interior configuration supports a client-facing component alongside practical back-of-house space.

    The suite is positioned at 300 S Garfield Ave in Monterey Park, CA 91754, on South Garfield Avenue in the heart of a busy business district. The property’s frontage and access are designed for visibility and convenient arrival, with the surrounding area including retail centers, restaurants, and professional services. WalkScore is listed as 16 (car-dependent) and BikeScore is 7 (somewhat bikeable), reflecting typical local access patterns.

    Given its reception-driven entry, multiple private rooms, and utility support, the space can fit owner-users and operators across a range of service-oriented concepts, including professional, medical, wellness, beauty, office, or similar service uses. It also offers straightforward adaptability for a new owner looking to reconfigure the interior while keeping a clear client-facing flow.
    Location Intelligence

    Current Use by Public Records

    Maple Dental Office: ... Dental Office Wow Hair Salon ... Hair Salon Joann Wong, Mortgage ... Loan Service Aung Myo Min Dental Office Z&W ELITE SERVICE ... Law Firm

    Suggested Use

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

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

    Similar Places Nearby

    • Acupuncture & Herbal — 500 N Garfield Ave # 201, Monterey Park, CA 91754
    • David Gao, Lac — 240 Garfield Ave S # B, Monterey Park, CA 91754
    • Wes L. Lai, Lac — 300 S Atlantic Blvd, Monterey Park, CA 91754
    • Bai Xao Herb Acupuncture Center — 240 S Garfield Ave, Monterey Park, CA 91754
    • 高百笑诊所 — 240 s garfield ave # b, monterey park, ca 91754

    Location Insight

    • Map
    • Local Demand
    City
    Monterey Park
    County
    Los Angeles
    State
    California
    Longitude
    -118.1224415
    Latitude
    34.0595785

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    FAQs

    What type of property is this?
    Spa & wellness property - Turnkey suite with reception, private rooms, and laundry hookups in a multi-tenant building on Garfield Avenue.
    Where is this spa & wellness property located?
    The property is located at 300 S Garfield Ave 111 Monterey Park, CA.
    What is the asking price?
    The asking price for this property is $450,000.
    What are key features of this property?
    This property features: Approximately 856‑SF commercial office/retail suite in a multi‑tenant building on S Garfield Avenue in Monterey Park; 1984‑built building; suite includes a reception/open service area plus multiple private rooms; Features utility/storage areas and laundry hookups
    (626) 462-5678
    We can help!
    Listing Contact
    Shumei Kam
    Real Estate License ID: 00798181
    Learn More
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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.

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    300 S Garfield Ave 111, Monterey Park, CA 91754
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