Three-Story Office
New
For Sale
$3,500,000
809 S Atlantic, Monterey Park, CA 91754
Elevator-served professional property with medical office suites, individual electrical metering, and on-site parking.
Property Size11,766 SF
Lot Size0.34 Acres
Price / SF$297.47
Days on Market1
Property Features for 809 S Atlantic
General Information
Standard status
Active
Size
11,766 SF
Total Parking Spaces
43
Elevators
Yes
Lot size
0.34 Acres
Property subtype
Commercial
Zoning
C-P
Additional Details
Asking Price
$3,500,000
Highway Access
Yes
Office Units
9
Amenities
individually metered electrical service
Building Details
Building Size
11,766 SF
Year Built
1999
Buildings
1
Stories
3
Listing Agency:
Lee & Associates Commercial Real Estate Services, Inc. - Pasadena
Listed By:
Shao Chen · License #01923629
(626) 535-9888
Source:
Elliman
Added: Sep 4
Last Checked: Sep 4 at 2:36PM
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 Lee & Associates Commercial Real Estate Services, Inc. - Pasadena
Investment Insights
Based on property information with market context.
Located at 809 S Atlantic Boulevard in Monterey Park, this three-story office property contains approximately 11,766 square feet arranged across nine office and medical office suites. Elevator service supports access throughout the building, while individually metered electrical service provides separate utility measurement for the suites. Constructed in 1999, the building sits on an approximately 15,000-square-foot lot and includes 43 on-site parking spaces.
The property is zoned C-P and has frontage along Atlantic Boulevard. Access to the 10, 60, and 710 Freeways connects the site with surrounding areas. The location also records a Walk Score of 91 and a Bike Score of 52.
The property is zoned C-P and has frontage along Atlantic Boulevard. Access to the 10, 60, and 710 Freeways connects the site with surrounding areas. The location also records a Walk Score of 91 and a Bike Score of 52.
Key Highlights
- Approximately 11,766 square feet across nine office and medical office suites
- Three‑story building constructed in 1999
- Elevator service and individually metered electrical service
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$257,195
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
7.35%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$5,143,900
$5.1M
Cap Rate 7%
$3,674,214
$3.7M
Cap Rate 9%
$2,857,722
$2.9M
Market Conditions
NOI Build-Up for 11,766 SF
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.
Gross rent
$451.8K $38.40/SF
− Vacancy
−$108.9K −$9.25/SF
EGI
$342.9K $29.15/SF
− OpEx
−$85.7K −$7.29/SF
NOI
$257.2K $21.86/SF
Area
Los Angeles County, CA
Vacancy
24.10%
Lease Rate
$38.40 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$5,143,900
Cap Rate 7%
$3,674,214
Cap Rate 9%
$2,857,722
Alternative Uses
Best Use
Office B
$3.67M
$3.21M – $4.29M
NOI $257,195 @ 7.0% cap · market cap 7.35%
Second Best
Healthcare Medical
$3.19M
$2.79M – $3.72M
NOI $223,130 @ 7.0% cap · market cap 6.38%
Theoretical Best
Office A
$6.30M
$5.51M – $7.35M
NOI $440,963 @ 7.0% cap · market cap 12.60%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Lease Details
9
Office units
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
1,163
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 Office 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?
Office building - Elevator-served professional property with medical office suites, individual electrical metering, and on-site parking.
Where is this office building located?
The property is located at 809 S Atlantic Monterey Park, CA.
What is the asking price?
The asking price for this property is $3,500,000.
What are key features of this property?
This property features: Approximately 11,766 square feet across nine office and medical office suites; Three‑story building constructed in 1999; Elevator service and individually metered electrical service
