901 Corporate Center DrMonterey Park, CA 91754

Property Details for 901 Corporate Center Dr

Year built

1986

Construction

CONCRETE

Lot size

3.08 AC

Property size (Sq ft)

95,821 SF

Zone code

MPC2*

Property type

Retail properties

Property subtype

Parking lots & garages

APN

5237-022-047

APU

5237022047

Description

This exceptional Class A office building, totaling 99,831 square feet, presents a compelling investment opportunity. Located in Monterey Park, CA, at 901 Corporate Center Dr (91754), this five-story building boasts a 7.60% cap rate and a strong NOI of $1,680,726, with 96.21% occupancy. Built in 1986, the property sits on a 10.73-acre lot and features ample parking (4.1 spaces per 1,000 sq ft), including surface parking and a three-level structure with solar panels. The building offers three elevators and is zoned MPC2*. Its prime location within the Los Angeles Corporate Center, a prestigious 1.1 million square foot master-planned office park, provides unparalleled accessibility to major freeways (I-710, I-10, SR-60, and I-5) within a 2.5-mile radius. The asking price is $21,888,000, translating to $219.25 per square foot. This institutional-quality property offers a stable cash flow and energy efficiency due to the solar panels on the adjacent parking structure. The property consists of one building and is categorized as both Executive and Traditional Office space.

• CAP approach

  CAP return

  Valuation

  6%

  $40,466,276

  6.5%

  $37,353,484

  7%

  $34,685,380

• Comparable approach

  Method

  Valuation

  Relative Method

  $45,917,728

  Geo Method

  $45,917,728

• Alternative Use

  Use

  Valuation

  Residential

  $31,509,062

  Hospitality

  $28,862,130

  Educational

  $24,012,954

  Medical

  $24,838,796

  Retail

  $37,353,484

Location Insight

City

Monterey Park

County

Los Angeles

State

California

Latitude

34.0517

Longitude

-118.163

CBSA code

31080

CBSA name

LOS ANGELES-LONG BEACH-ANAHEIM, CA METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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