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Property profile & analytics
OFF-MARKET
Estimated value
$4,230,000
Retail space
122 Garvey Ave Monterey Park, CA 91754-5810
Entity Owned
16-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US09-7757358
Property profile
Verified
Property type
Retail space
Use group
RETAIL STORES (PERSONAL SERVICES)
Year built
1942
Construction
TILT-UP CONCRETE
Total area
22,458 SF
Lot
1.38 ac (59,986 SF)
Zoning code
MPC4-C3*
APN
5257-014-026
UPID
US09-7757358
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
-
Star Ballroom Dance Studio Training Center
-
Star Dance Studio Training Center
-
Traditional Guilin Noodles Restaurant
-
TS Emporium (Bike/Boat/Book/etc) Store Specialty Food Shop
-
IHB roofing Roofing Company General Contractor
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$5.09M
Blend (final)
Blend
$4.23M
Owner & transaction history
Cw Dev LLC · 16 yrs held
Cw Dev LLC
since 2010
7 recorded transactions
Zoning & alternative use
MPC4-C3* · 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
Method
Estimation
Statistic approach
by Request
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
COMMERCIAL (GENERAL)
$6,940,000
Change: -19% · Conversion: Easy
Blend value · Realmo final
$4.23M
Range $3.81M – $4.65M · ±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
$188 / 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
$72,110
Tax year 2024
Assessed value
$5,076,218
Assessed 2024
Previous assessed
$5,076,218
+0.0% YoY
Effective rate
1.42%
On assessed value
Assessed land
$2,860,305
Assessed improvement
$2,215,913
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
1942
Construction
TILT-UP CONCRETE
Heating
NONE
Stories
1
Total area
22,458 SF
Lot
1.38 ac (59,986 SF)
Zoning code
MPC4-C3*
APN
5257-014-026
UPID
US09-7757358
Jurisdiction
LOS ANGELES
Metro division
LOS ANGELES-LONG BEACH-GLENDALE, CA METROPOLITAN DIVISION
Zoning & alternative use
MPC4-C3* · Monterey Park, CA
Zoning MPC4-C3* · permitted uses
MPC4-C3* · 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
COMMERCIAL (GENERAL)
Est. value
$6.9M
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
1942
Construction
TILT-UP CONCRETE
Heating
NONE
Stories
1
Lot
1.38 ac
Current owner
From public records · entity-resolved
Cw Dev LLC
Entity
Mailing address
900 AVILA ST, LOS ANGELES, CA 90012-4287
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2010
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
13 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Dec 7, 2023
—
C W Development LLC
—
Deed
related
$2,500,000 · First Citizens Bank & Trust Co
May 31, 2018
—
C W Dev LLC
—
Deed
related
$4,000,000 · American Plus Bk NA
May 20, 2010
—
Cw Dev LLC
Wu,philip S F & Rosina L
Grant Deed
related
—
Aug 21, 2003
—
Philip S Wu
—
Deed Of Trust
related
$3,500,000 · Evertrust Bank
Sep 27, 2002
—
Philip S Wu
Shen,peter & Po S
Grant Deed
$690,000 · Eastern International Bank
May 15, 2001
—
Mark F Chow
Chow,m F & N C Tr
Quit Claim Deed
related
$2,200,000 · Eastern International Bank
Apr 12, 2001
—
Chow,mark F & Norma C Tr
Chow,m F & N C
Quit Claim Deed
related
—
May 9, 1996
—
Mark F Chow
—
Deed Of Trust
related
$2,365,500 · Sanwa Bank California
Jan 5, 1988
$2,500,000
Tom Y Lee
Altm
Trustees Deed
—
Jan 5, 1988
$1,667,045
Mark F Chow
Lee
Trustees Deed
—
Jan 5, 1988
$1,650,000
Altman Marvin
Prim
Trustees Deed
—
—
—
C W Dev LLC
—
Loan Modification
related
$4,000,000 · American Plus Bk NA
—
—
Mark F Chow
—
Deed Of Trust
related
$2,000,000 · Ka Wah Bk
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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