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Property profile & analytics
OFF-MARKET
Estimated value
$1,245,000
Retail space
116 Garvey Ave Monterey Park, CA 91754-5811
Entity Owned
9-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US09-7757357
Property profile
Verified
Property type
Retail space
Use group
RETAIL STORES (PERSONAL SERVICES)
Year built
1937
Construction
TILT-UP CONCRETE
Total area
3,200 SF
Lot
0.15 ac (6,400 SF)
Zoning code
MPC3*
APN
5257-014-003
UPID
US09-7757357
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
-
Fu Chong Long Food Store Grocery & Convenience Store Food Market
-
VITATIV Cosmetics Store Cosmetic Store
-
Vitativ USA Cosmetics Cosmetic Store
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$1.09M
Comparable Approach
Comparable
$1.46M
Blend (final)
Blend
$1.25M
Owner & transaction history
Lre Investments LLC · 9 yrs held
Lre Investments LLC
since 2017
7 recorded transactions
Zoning & alternative use
MPC3* · Monterey Park, CA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Neighborhood: shopping center
$2.0M
+58.8%
Auto repair, garage
$1.5M
+20.7%
Medical building
$1.5M
+18.6%
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
Method
Estimation
Statistic approach
by Request
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
$1,180,000
6.5%
$1,090,000
7%
$1,010,000
Alternative Use
Use
Estimation
RETAIL STORES
$1,225,000
Current use
NEIGHBORHOOD: SHOPPING CENTER
$1,950,000
Change: +59% · Conversion: Moderate
AUTO REPAIR, GARAGE
$1,480,000
Change: +21% · Conversion: Difficult
MEDICAL BUILDING
$1,455,000
Change: +19% · Conversion: Difficult
OFFICE BUILDING
$1,240,000
Change: +1% · Conversion: Easy
COMMERCIAL (GENERAL)
$990,000
Change: -19% · Conversion: Easy
Blend value · Realmo final
$1.25M
Range $1.12M – $1.37M · ±10%
Realmo estimate · informational only.
These numbers are calculated by our models from public records and may not reflect actual market value.
Not an appraisal.
Verify with a licensed appraiser before transacting. Realmo accepts no liability for divergence from real-world outcomes.
View the full estimation — every method, every assumption
Confidence drivers & risk notes · Custom comparable set · Free for first 3 / day
Full estimation methodology
Every method · every assumption · confidence drivers
Price per SF
Sale + rent benchmarks
Subject property
$389 / SF
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
$31,882
Tax year 2024
Assessed value
$2,446,329
Assessed 2024
Previous assessed
$2,446,329
+0.0% YoY
Effective rate
1.30%
On assessed value
Assessed land
$1,308,501
Assessed improvement
$1,137,828
Applied tax rate
1.0000
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
Retail space
Use group
RETAIL STORES (PERSONAL SERVICES)
Status
Off-Market
Year built
1937
Construction
TILT-UP CONCRETE
Heating
NONE
Stories
1
Total area
3,200 SF
Lot
0.15 ac (6,400 SF)
Zoning code
MPC3*
APN
5257-014-003
UPID
US09-7757357
Jurisdiction
LOS ANGELES
Metro division
LOS ANGELES-LONG BEACH-GLENDALE, CA METROPOLITAN DIVISION
Zoning & alternative use
MPC3* · Monterey Park, CA
Zoning MPC3* · permitted uses
MPC3* · 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.
Alternative use value scenarios
Repositioning upside vs current use
RETAIL STORES Current
Est. value
$1.2M
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$2.0M
AUTO REPAIR, GARAGE
Est. value
$1.5M
MEDICAL BUILDING
Est. value
$1.5M
OFFICE BUILDING
Est. value
$1.2M
COMMERCIAL (GENERAL)
Est. value
$990,000
RETAIL STORES Current
NEIGHBORHOOD: SHOPPING CENTER
AUTO REPAIR, GARAGE
MEDICAL BUILDING
OFFICE BUILDING
COMMERCIAL (GENERAL)
Alternative use deep dive — conversion cost, permits, timeline
Conversion cost estimate · Permit path & risks · Stabilized NOI per option
Alternative use deep dive
Conversion cost · permit path · stabilized NOI per option
Building & site characteristics
From public records
Year built
1937
Construction
TILT-UP CONCRETE
Heating
NONE
Stories
1
Lot
0.15 ac
Current owner
From public records · entity-resolved
Lre Investments LLC
Entity
Mailing address
333 W GARVEY AVE #264, MONTEREY PARK, CA 91754-7430
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2017
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
18 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Aug 11, 2021
—
Lre Investments LLC
—
Deed
related
$950,000 · East West Bank
Jul 9, 2021
—
Lre Investments LLC
—
Deed
related
$243,842 · Ruby Kuo Revocable Living Trust
May 25, 2021
—
Lre Investments LLC
—
Deed
related
$950,000 · East West Bank
Jan 18, 2017
$2,150,000
Lre Investments LLC
Kuo Ruby Living Trust
Grant Deed
$1,300,000 · Kuo Ruby Living Trust (pt)
Apr 15, 2014
—
Kuo,ruby Living Trust
Kuo,ruby
Quit Claim Deed
related
—
Jul 12, 2007
$100,000
Ruby Kuo
Kuo,victor S M
Grant Deed
related
—
Dec 20, 2002
—
Victor S Kuo
Kuo,shung M
Quit Claim Deed
related
$459,000 · United Commercial Bank
Aug 22, 2002
—
Shung M Kuo
Kuo,s M & H
Quit Claim Deed
related
—
Nov 18, 1993
$75,000
Shung M Kuo
Quiroz,joseph S
Grant Deed
—
Dec 24, 1992
$258,000
Paul Harms
Quiroz,joseph
Grant Deed
$245,100 · Plaza Savings & Loan
Sep 30, 1988
$144,000
Fosterquiroz Ton
Pac
Trustees Deed
related
—
Sep 30, 1988
$960,000
Finl Exchang Pac
Green
Trustees Deed
related
$816,000 · Greene Warren E&
—
—
Ruby Kuo
—
Deed Of Trust
related
$800,000 · Cathay Bank
—
—
Victor S M Kuo
—
Deed Of Trust
related
$700,000 · United Commercial Bank
—
—
Ruby Kuo
—
Deed Of Trust
related
$715,000 · Bank Of America
—
—
Ruby Kuo
—
Deed Of Trust
related
$500,000 · Cathay Bank
—
—
Shung M Kuo
—
Deed Of Trust
related
$112,000 · United National Bank
—
—
Victor Kuo
—
Deed Of Trust
related
$300,000 · United Commercial 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.
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