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Property profile & analytics
OFF-MARKET
Estimated value
$2,200,000
Retail space
138 Garvey Ave Monterey Park, CA 91755-2958
Entity Owned
21-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US09-7757374
Property profile
Verified
Property type
Retail space
Use group
RETAIL STORES (PERSONAL SERVICES)
Year built
1950
Construction
TILT-UP CONCRETE
Total area
10,760 SF
Lot
0.29 ac (12,524 SF)
Zoning code
MPC3*
APN
5257-015-033
UPID
US09-7757374
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
-
Queen Nail Hair Salon Nail Salon
-
YinTang Spicy Hot Pot Restaurant
-
FORTUNE NO 1 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
$2.20M
Owner & transaction history
Good Harvest LLC · 21 yrs held
Good Harvest LLC
since 2005
7 recorded transactions
Zoning & alternative use
MPC3* · 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)
$3,325,000
Change: -19% · Conversion: Easy
Blend value · Realmo final
$2.20M
Range $1.98M – $2.42M · ±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
$204 / 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
$39,455
Tax year 2024
Assessed value
$2,705,826
Assessed 2024
Previous assessed
$2,705,826
+0.0% YoY
Effective rate
1.46%
On assessed value
Assessed land
$1,705,494
Assessed improvement
$1,000,332
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
1950
Construction
TILT-UP CONCRETE
Heating
NONE
Stories
1
Total area
10,760 SF
Lot
0.29 ac (12,524 SF)
Zoning code
MPC3*
APN
5257-015-033
UPID
US09-7757374
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
COMMERCIAL (GENERAL)
Est. value
$3.3M
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
1950
Construction
TILT-UP CONCRETE
Heating
NONE
Stories
1
Lot
0.29 ac
Current owner
From public records · entity-resolved
Good Harvest LLC
Entity
Mailing address
1230 STOCKTON ST, SAN FRANCISCO, CA 94133-4311
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2005
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
12 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Nov 21, 2024
—
Good Harvest LLC
—
Deed
related
$4,400,000 · The Bank Of East Asia (usa) NA
Sep 23, 2019
—
Good Harvest LLC
—
Grant Deed
related
$5,400,000 · Bank Of East Asia
Jul 14, 2011
—
Good Harvest LLC
—
Deed Of Trust
related
$3,400,000 · Bank Of East Asia
Jan 31, 2005
$1,980,000
Good Harvest LLC
Ulferts Furniture INC
Grant Deed
$1,485,000 · Bank Of East Asia
May 4, 2001
$1,380,000
Ulferts Furniture INC
Ulferts Investment Group USA
Grant Deed
related
$915,000 · Bank Of East Asia
Mar 7, 1994
$1,500,000
Ulferts Investment Group INC
Kam,kwong N & Wa
Grant Deed
$800,000 · Bank Of East Asia
Jun 3, 1992
$1,520,000
Kwong N Kam
148 Garvey Inv
Grant Deed
$920,000 · Standard Savings Bank
Sep 20, 1988
$1,250,000
148 Garvey Inv
Lincoln Prop
Grant Deed
$937,500 · Century Federal Savings & Loan
—
—
Ulferts Investment Group
—
Deed Of Trust
related
$910,000 · Bank Of East Asia
—
—
Good Harvest LLC
—
Deed Of Trust
related
$1,300,000 · Bank Of East Asia
—
—
Good Harvest LLC
—
Deed Of Trust
related
$4,800,000 · Bank Of East Asia
—
—
Ulferts Furniture INC
—
Deed Of Trust
related
$650,000 · Ulferts Center USA INC
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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