Strip Mall
New
For Sale
$3,700,000
331 W Garvey, Monterey Park, CA 91754
Retail-oriented strip mall property constructed in 2006.
Days on Market6
Property Features for 331 W Garvey
General Information
Standard status
Active
Building Details
Building Size
10,136 SF
Year Built
2006
Stories
1
Listing Agency:
Smart Real Estate Solutions
(949) 391-6668
Listed By:
Timothy Chen · License #01939871
(949) 391-6668
Source:
Evrealestate
Added: Jul 29
Changed: Aug 2
Last Checked: Aug 3 at 4:03AM
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 Smart Real Estate Solutions
Investment Insights
Based on property information with market context.
This strip mall property was constructed in 2006 and is classified within the retail property category.
The property is located at 331 W Garvey in Monterey Park, California 91754, in Los Angeles County. Directions reference Garvey and Mc Pherrin.
The property is located at 331 W Garvey in Monterey Park, California 91754, in Los Angeles County. Directions reference Garvey and Mc Pherrin.
Key Highlights
- Strip mall property completed in 2006
- 331 W Garvey, Monterey Park, CA 91754
- Located in Los Angeles County
Financial Insights For Retail
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 | $343.0k | $33.84 |
| − Vacancy | −$22.6k | −$2.23 |
| EGI | $320.4k | $31.61 |
| − OpEx | −$96.1k | −$9.48 |
| NOI | $224.3k | $22.12 |
10,136 SF · lease $33.84/SF/yr · vacancy 6.60% · expense 30.00%
Alternative Uses
Best Use
Retail
$3.20M
$2.80M – $3.74M
NOI $224,255 @ 7.0% cap · market cap 6.06%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$5.43M
$4.75M – $6.33M
NOI $379,874 @ 7.0% cap · market cap 10.27%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
1,155
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
Market
Vacancy Rate% for Retail in West region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Strip mall - Retail-oriented strip mall property constructed in 2006.
Where is this strip mall located?
The property is located at 331 W Garvey Monterey Park, CA.
What is the asking price?
The asking price for this property is $3,700,000.
What are key features of this property?
This property features: Strip mall property completed in 2006; 331 W Garvey, Monterey Park, CA 91754; Located in Los Angeles County
