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Property profile & analytics
OFF-MARKET
Turn key restaurants
1001 Garvey Ave Monterey Park, CA 91755-3030
Individually Owned
12-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US09-8706364
Property profile
Verified
Property type
Turn key restaurants
Use group
RESTAURANT
Year built
1962
Construction
TILT-UP CONCRETE
Total area
4,160 SF
Lot
0.25 ac (10,927 SF)
Zoning code
MPCM*
APN
5258-007-085
UPID
US09-8706364
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Current use
Occupant on record · Public records
-
Monterey Palace Restaurant Restaurant
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
by Request
Owner & transaction history
Tan F Wong · 12 yrs held
Tan F Wong
since 2013
7 recorded transactions
Zoning & alternative use
MPCM* · Monterey Park, CA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Cap rate
Implied · in-place · derived from last sale + estimated NOI
Implied Cap rate
#1
Implied · in-place · NOI ÷ last sale
In-place · derived from last sale + estimated NOI
Cap rate, NOI & submarket benchmark
Implied cap rate vs Monterey Park submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Monterey Park submarket · NOI estimate · typical band, median & reading
Refine your cap rate
8-question underwriting flow
1.
Property current status — Going-In vs Stabilized
2.
Price for denominator — asking / offer / market
3.
Leasing status & lease structure (NNN / Gross)
4.
Tenant risk profile & vacancy assumption
5.
Upload T12 / rent roll / OM (optional)
Refine in 60 seconds, get exact suggested price
T12 upload · Submarket benchmarks · Sensitivity grid
Suggested price · 3 cap rate anchors
Income approach @ 5% / 7% / 9% — aggressive / typical / conservative
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · Implied $/SF per anchor · Sensitivity grid
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · implied $/SF · sensitivity
Value
AI, CAP & Alternative Use estimations · Realmo proprietary blendValue Estimations
Based on Realmo’s proprietary methodology
AI Approach
CAP Approach
Comparable Approach
Alternative Use
Get a detailed, property-specific estimation — fast and free
Price per SF
Sale + rent benchmarks
Subject property
—
Submarket sale & rent benchmarks
Median sale $/SF · Asking & closed rent · Submarket vacancy
Submarket sale & rent benchmarks
Median sale $/SF · asking & closed rent · submarket vacancy
Property tax & assessments
Tax year 2024Property tax & assessments
Tax year 2024
Tax billed
$21,355
Tax year 2024
Assessed value
$1,541,210
Assessed 2024
Previous assessed
$1,541,210
+0.0% YoY
Effective rate
1.39%
On assessed value
Assessed land
$995,960
Assessed improvement
$545,250
Applied tax rate
3.0000
Comparables
6 recent transactions · within 1.5 miComparable in this city
6 recent transactions
Comparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
Recent comparable sales
Sale price & $/SF · sale date & distance · adjustments
Property description
Physical attributes from public recordsBuilding & lot
Public records
Property type
Turn key restaurants
Use group
RESTAURANT
Status
Off-Market
Year built
1962
Construction
TILT-UP CONCRETE
Heating
NONE
Stories
1
Total area
4,160 SF
Lot
0.25 ac (10,927 SF)
Zoning code
MPCM*
APN
5258-007-085
UPID
US09-8706364
Jurisdiction
LOS ANGELES
Metro division
LOS ANGELES-LONG BEACH-GLENDALE, CA METROPOLITAN DIVISION
Zoning & alternative use
MPCM* · Monterey Park, CA
Zoning MPCM* · permitted uses
MPCM* · Monterey Park, CA
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Monterey Park. Always verify with local authorities before improvements.
Building & site characteristics
From public records
Year built
1962
Construction
TILT-UP CONCRETE
Heating
NONE
Stories
1
Lot
0.25 ac
Current owner
From public records · entity-resolved
Tan F Wong
Individual
Mailing address
794 RIDGECREST ST, MONTEREY PARK, CA 91754-3708
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2013
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
9 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Sep 4, 2013
—
Tan F Wong
Wong,tan F & Gloria
Quit Claim Deed
related
—
Aug 27, 2008
—
Tan F Wong
Majestic Land
Grant Deed
—
Nov 20, 1998
—
Majestic,land
Wong,t F & G
Trustees Deed
related
—
Apr 7, 1989
$1,000,000
Wong Tanfoo&glor
Yee
Trustees Deed
$600,000 · First Central Bank
Apr 7, 1989
$100,000
Yee Artman
Yee
Quit Claim Deed
related
—
—
—
Tan F Wong
—
Deed Of Trust
related
$700,000 · Trust Savings Bank
—
—
Yee
—
Deed Of Trust
related
$100,000 · Diep Hung V
—
—
Land Majestic
—
Deed Of Trust
related
$450,000 · Eastern International Bank
—
—
Majestic Land Partnership
—
Deed Of Trust
related
$900,000 · Eastern International Bank
Coming soon
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Coming soon
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.
Try Rey
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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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