Office Condominium with Underground
401 S Garfield Avenue Unit H Monterey Park, CA 91754
For Sale
$299,999
Office unit built in 2007 with underground parking and 100% occupancy near major traffic corridors.
Property Size730 SF
Price / SF$410.96
Days on Market306
Property Features for 401 S Garfield Avenue Unit H
General Information
- Standard status
- Active
- Size
- 730 SF
- Property subtype
- Office
Building Details
- Year Built
- 2007
Listing Agency:
High Ten Partners, Inc.
(626) 289-6660
Listed By:
LUCY CLARKE · License #01877350
Source:
Xome
Added: Sep 22, 2025
Changed: Jul 24
Last Checked: Jul 24 at 6:06AM
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 High Ten Partners, Inc.
Investment Insights
Based on property information with market context.
This office condominium (Unit H) was built in 2007 and features underground parking. The property is currently 100% occupied, reflecting strong in-place tenancy.
Located at 401 S Garfield Avenue in Monterey Park, the building is positioned on Garfield Ave in a high-traffic area and is close to Garvey Ave. It also offers convenient access to freeways 10 and 60.
Offered for sale, the asset presents an owner-controlled commercial office option with structured parking and a fully occupied status.
Located at 401 S Garfield Avenue in Monterey Park, the building is positioned on Garfield Ave in a high-traffic area and is close to Garvey Ave. It also offers convenient access to freeways 10 and 60.
Offered for sale, the asset presents an owner-controlled commercial office option with structured parking and a fully occupied status.
Key Highlights
- Office unit built in 2007
- Underground parking lot
- 100% occupied (property has 100% occupancy)
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 | $28.0k | $38.40 |
| − Vacancy | −$6.8k | −$9.25 |
| EGI | $21.3k | $29.15 |
| − OpEx | −$5.3k | −$7.29 |
| NOI | $16.0k | $21.86 |
730 SF · lease $38.40/SF/yr · vacancy 24.10% · expense 25.00%
Alternative Uses
Best Use
Office B
$228.0K
$199.5K – $266.0K
NOI $15,957 @ 7.0% cap · market cap 5.32%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$390.8K
$342.0K – $456.0K
NOI $27,359 @ 7.0% cap · market cap 9.12%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Dr. Philip Y. ...
Pediatrician
Umicpa & Financial
Accounting Firm
Cindy Xinchun Shu
Physician
Shu Cindy MD
Physician
臻智留美Zhen Zhi Liu ...
Training Center
FAQs
What type of property is this?
Office building - Office unit built in 2007 with underground parking and 100% occupancy near major traffic corridors.
Where is this office building located?
The property is located at 401 S Garfield Avenue Unit H Monterey Park, CA.
What is the asking price?
The asking price for this property is $299,999.
What are key features of this property?
This property features: Office unit built in 2007; Underground parking lot; 100% occupied (property has 100% occupancy)
