Two-Story Mixed-Use
For Sale
$4,600,000
745 E Garvey Avenue, Monterey Park, CA 91755
Fully leased commercial building combining retail and office uses.
Property Size8,006 SF
Lot Size0.55 Acres
Price / SF$574.57
Days on Market913
Property Features for 745 E Garvey Avenue
General Information
Standard status
Active
Size
8,006 SF
Lot size
0.55 Acres
Property subtype
Mixed Use
Occupancy
100%
Building Details
Building Size
8,006 SF
Year Built
2008
Stories
2
Listing Agency:
CBD Investment Inc. 626-688-2208 Overview Additional information MLS R ID AR24084496 Interior features Exterior features Lot Size 0.55 Acres Other property details Archetype Realty Request a tour Contact agent Request a tour Contact agent Listed by Henry Liu CA DRE# 01378289 with CBD Investment Inc. 626-688-2208
Listed By:
Henry Liu CA DRE# 01378289 · License #013782889
(626) 688-2208
Source:
Archetyperealty
Added: Apr 27, 2024
Changed: Oct 25
Last Checked: Oct 25 at 12:31AM
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 CBD Investment Inc. 626-688-2208 Overview Additional information MLS R ID AR24084496 Interior features Exterior features Lot Size 0.55 Acres Other property details Archetype Realty Request a tour Contact agent Request a tour Contact agent Listed by Henry Liu CA DRE# 01378289 with CBD Investment Inc. 626-688-2208
Ask AI about this property
Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
This two-story mixed-use property includes 8,006 SF of building area on a 23,902 SF land area. The property is fully leased and currently used for a combination of retail and office purposes, providing a blend of commercial uses within one building.
Located at 745 E Garvey Ave in Monterey Park, California, the property offers easy access for its current commercial operations. Its existing retail and office configuration supports a range of business activities within the established improvements.
Located at 745 E Garvey Ave in Monterey Park, California, the property offers easy access for its current commercial operations. Its existing retail and office configuration supports a range of business activities within the established improvements.
Key Highlights
- Fully leased mixed‑use property
- Two‑story building with 8,006 SF of building area
- 23,902 SF land area
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$177,129
Cap Rate
3.85%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$3,542,580
$3.5M
Cap Rate 7%
$2,530,414
$2.5M
Cap Rate 9%
$1,968,100
$2.0M
Market Conditions
NOI Build-Up for 8,006 SF
Gross rent
$270.9K $33.84/SF
− Vacancy
−$17.9K −$2.23/SF
EGI
$253.0K $31.61/SF
− OpEx
−$75.9K −$9.48/SF
NOI
$177.1K $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%
$3,542,580
Cap Rate 7%
$2,530,414
Cap Rate 9%
$1,968,100
Alternative Uses
Best Use
Retail
$2.53M
$2.21M – $2.95M
NOI $177,129 @ 7.0% cap · market cap 3.85%
Second Best
Office B
$2.50M
$2.19M – $2.92M
NOI $175,005 @ 7.0% cap · market cap 3.80%
Theoretical Best
Office A
$4.29M
$3.75M – $5.00M
NOI $300,047 @ 7.0% cap · market cap 6.52%
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
Lease Details
100%
Occupancy
Location Intelligence
Trade Area within ½ mile
1,406
Businesses Nearby
Explore this area
Business Placement
Demographics for 91755, CA
27,637
Population
9,316
Households
3
Avg Household Size
44
Median Age
32%
College-Educated
77%
High-School Grad
3.2 sq mi
ZIP Area
8,637
Density / Sq Mi
$74,362
Median Household Income
$37,778
Median Earnings
$1,811
Median Rent
$761,900
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Office in West region
Frequently Asked Questions
What type of property is this?
Mixed-use property - Fully leased commercial building combining retail and office uses.
Where is this mixed-use property located?
The property is located at 745 E Garvey Avenue Monterey Park, CA.
What is the asking price?
The asking price for this property is $4,600,000.
What are key features of this property?
This property features: Fully leased mixed‑use property; Two‑story building with 8,006 SF of building area; 23,902 SF land area
