Building Details

Year built 2006

Listing Agency: Real Broker j***@sandiegohomesurfing.com Show Phone

Listed By: Timothy Chen · License #01939871 Show Phone

Added: Jul 29 Changed: Nov 2 Last Checked: Nov 4 at 4:06PM

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MLS# OC26164845

Copyright © 2026 California Regional Multiple Listing Service, Inc. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

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Investment Insights

Based on property information with market context.

Built in 2006, this single-story shopping center contains approximately 10,136 square feet on a 27,732-square-foot lot. Glass storefronts, monument signage, and parking areas at the front and rear serve the multi-tenant property. The reported tenant mix spans service, education, and retail businesses.

The property is at 331 W Garvey in Monterey Park, along the Garvey Avenue commercial corridor. Nearby context includes residential areas, schools, and civic amenities; the 10 and 60 freeways and the Atlantic Boulevard corridor are described as minutes away.

Key Highlights

• Approximately 10,136 square feet of multi‑tenant retail space
• 27,732‑square‑foot lot
• Built in 2006

Financial Insights

Estimated NOI and Cap Rate

NOI / Yr

$224,255

Cap Rate

6.06%

Suggested Prices Based on Cap Rates

Cap Rate 5%

$4,485,100 $4.5M

Cap Rate 7%

$3,203,643 $3.2M

Cap Rate 9%

$2,491,722 $2.5M

Is this asking price fair?

Market Conditions

NOI Build-Up for 10,136 SF

Gross rent

$343.0K $33.84/SF

− Vacancy

−$22.6K −$2.23/SF

EGI

$320.4K $31.61/SF

− OpEx

−$96.1K −$9.48/SF

NOI

$224.3K $22.12/SF

Area

Los Angeles County, CA

Vacancy

6.60%

Lease Rate

$33.84 /SF/Yr

Expense Ratio

30.00%

Simulate Cap Rate and NOI

Suggested Prices Based on Cap Rates

Cap Rate 5%

$4,485,100

Cap Rate 7%

$3,203,643

Cap Rate 9%

$2,491,722

Alternative Uses

Best Use

Retail

$3.20M

$2.80M – $3.74M (±1% cap)

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 (±1% cap)

NOI $379,874 @ 7.0% cap · market cap 10.27%

Zoning and permitted uses should be independently verified with authorities. How Realmo checks its estimates

Property Analytics

Who owns this building? See the owner, sales and loan history

Open Analytics

Current Use

Marcus store Guiovani Discount Store Dragon Beauty Salon Hair Salon J&K Hair @Dragon ... Hair Salon Lucky Grass Convenience ... Grocery & Convenience Store Cratoon Kids Pizza Restaurant

Suggested Use

Top Pick Parking Lot & Garage Gym & Fitness Center (Bike/Boat/Book/etc) Store Storage Facility Electrical Service Garden Center

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

Multi-tenant

Tenancy

Yes

Highway access

Location Intelligence

Trade Area within ½ mile

2,220

Businesses Nearby

Balanced

Demand for This Use

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

7% 2020

6.3% 2021

5.5% 2022

5.3% 2023

5.5% 2024

5.8% 2025

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Similar Off Market Nearby

• Monterey Plaza — 720 S Atlantic Blvd, Monterey Park, CA 91754
• Monterey Park Mall — 428 S Atlantic Blvd, Monterey Park, CA 91754
• Deerfield Plaza [green colored plaza] — W Mabel Ave, Monterey Park, CA 91754
• Atlantic Place Shopping Center — 111 N Atlantic Blvd, Monterey Park, CA 91754
• Montery park — California, Monterey Park, 5255007024邮政编码: 91754

Frequently Asked Questions

What type of property is this?

Shopping center - The single-story property provides tenant space with parking areas at both the front and rear.

Where is this shopping center 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: Approximately 10,136 square feet of multi‑tenant retail space; 27,732‑square‑foot lot; Built in 2006