Third-Floor Corner Office
306-1111 Corporate Center Dr Monterey Park, CA 91754
For Sale
$625,000
Bright corner office condo with private offices and flexible open workspace in an office complex with ample parking.
Property Size1,716 SF
Price / SF$364.22
Days on Market191
Property Features for 306-1111 Corporate Center Dr
General Information
- Standard status
- Active
- Size
- 1,716 SF
Listing Agency:
Mark III Properties
(626) 287-3348
Listed By:
GARY KARASAWA · License #00572414
(626) 287-3348
Source:
Exprealty
Added: Jan 13
Changed: Jul 10
Last Checked: Jul 22 at 7:55AM
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 Mark III Properties
Investment Insights
Based on property information with market context.
This well-maintained third-floor corner office condo totals 1,716 sf and is designed for a productive workday. The suite benefits from multiple window exposures and ample natural light, with a layout that includes multiple private offices plus an open workspace. Interior glass partitions help maintain visibility between rooms while preserving separate work areas. Vinyl flooring runs throughout, and the unit includes a convenient in-suite utility sink.
The office condo is located within a well-maintained office complex in Monterey Park. The property offers ample on-site parking and easy access to major freeways, including the 10, 60, and 710, supporting convenient travel for employees and visitors.
Suitable for owner-users and investors, the configuration provides a practical mix of enclosed offices and a collaborative area that can adapt to different team sizes and working styles. Its corner positioning and strong window line make it a compelling option for businesses looking for a bright, professional office setting within a managed office environment.
The office condo is located within a well-maintained office complex in Monterey Park. The property offers ample on-site parking and easy access to major freeways, including the 10, 60, and 710, supporting convenient travel for employees and visitors.
Suitable for owner-users and investors, the configuration provides a practical mix of enclosed offices and a collaborative area that can adapt to different team sizes and working styles. Its corner positioning and strong window line make it a compelling option for businesses looking for a bright, professional office setting within a managed office environment.
Key Highlights
- 1,716 SF third‑floor corner office condo in a well‑maintained office complex
- Bright interior with large windows and multiple window exposures for abundant natural light
- Functional layout with multiple private offices, open workspace, and interior glass partitions
Financial Insights For Office B
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 | $65.9k | $38.40 |
| − Vacancy | −$15.9k | −$9.25 |
| EGI | $50.0k | $29.15 |
| − OpEx | −$12.5k | −$7.29 |
| NOI | $37.5k | $21.86 |
1,716 SF · lease $38.40/SF/yr · vacancy 24.10% · expense 25.00%
Alternative Uses
Best Use
Office B
$535.9K
$468.9K – $625.2K
NOI $37,510 @ 7.0% cap · market cap 6.00%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$918.7K
$803.9K – $1.07M
NOI $64,312 @ 7.0% cap · market cap 10.29%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Office Units
FAQs
What type of property is this?
Office units - Bright corner office condo with private offices and flexible open workspace in an office complex with ample parking.
Where is this office units located?
The property is located at 306-1111 Corporate Center Dr Monterey Park, CA.
What is the asking price?
The asking price for this property is $625,000.
What are key features of this property?
This property features: 1,716 SF third‑floor corner office condo in a well‑maintained office complex; Bright interior with large windows and multiple window exposures for abundant natural light; Functional layout with multiple private offices, open workspace, and interior glass partitions
