Apartment Building with Tandem
New
For Sale
$1,275,000
529 S Garfield Avenue, Monterey Park, CA 91754
The 1955 property has wall and window air-conditioning units, wall heating, and covered tandem parking.
Property Size2,654 SF
Days on Market6
Property Features for 529 S Garfield Avenue
General Information
Standard status
Active
Size
2,654 SF
Total Parking Spaces
8
Property subtype
Residential Income
Net Operating Income
$77,040
Amenities
Curbs
Wall/Window Unit(s)
Wall Furnace
Covered, Tandem
Building Details
Building Size
2,654 SF
Year Built
1955
Buildings
1
Stories
2
Listed By:
Armen Avedian
(818) 399-6531
Source:
Evrealestate
Added: Oct 7
Changed: Oct 10
Last Checked: Oct 11 at 6:44AM
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 Armen Avedian
Investment Insights
Based on property information with market context.
Built in 1955, this apartment property is equipped with wall and window air-conditioning units and wall furnaces. Covered tandem parking is also part of the property. The address is 529 S Garfield Avenue in Monterey Park, Los Angeles County.
Key Highlights
- Built in 1955
- Wall/window air‑conditioning units
- Wall furnaces
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$42,705
Cap Rate
3.35%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$854,100
$854.1K
Cap Rate 7%
$610,071
$610.1K
Cap Rate 9%
$474,500
$474.5K
Market Conditions
NOI Build-Up for 2,654 SF
Gross rent
$84.4K $31.80/SF
− Vacancy
−$6.8K −$2.54/SF
EGI
$77.6K $29.26/SF
− OpEx
−$34.9K −$13.17/SF
NOI
$42.7K $16.09/SF
Area
Los Angeles County, CA
Vacancy
8.00%
Lease Rate
$31.80 /SF/Yr
Expense Ratio
45.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$854,100
Cap Rate 7%
$610,071
Cap Rate 9%
$474,500
Alternative Uses
Best Use
Apartment 5plus
$610.1K
$533.8K – $711.8K
NOI $42,705 @ 7.0% cap · market cap 3.35%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$1.42M
$1.24M – $1.66M
NOI $99,466 @ 7.0% cap · market cap 7.80%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Unlock full access to Insights
Subscribe to Realmo Intelligence
Open Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
1,467
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
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Multifamily in West region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Apartment building - The 1955 property has wall and window air-conditioning units, wall heating, and covered tandem parking.
Where is this apartment building located?
The property is located at 529 S Garfield Avenue Monterey Park, CA.
What is the asking price?
The asking price for this property is $1,275,000.
What are key features of this property?
This property features: Built in 1955; Wall/window air‑conditioning units; Wall furnaces
