Property profile

1516 Garfield Ave Commerce, CA 90022

OFF-MARKET
Office buildings
Property ID
US09-6468569
4,248 SF 0.11 ac lot Built 1963
Entity Owned 8-yr Hold ~ Est. High Equity
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Property profile

Verified
Property type Office buildings
Use group OFFICE BUILDING
Year built 1963
Construction WOOD
Total area 4,248 SF
Lot 0.11 ac (4,855 SF)
Zoning code LCC2*
APN 6351-013-011
UPID US09-6468569

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Current use

Occupant on record · Public records
  • Law Firm Security Service
  • Security Service

Location

1516 Garfield Ave Commerce, CA 90022-5422
Commerce metro Census 531902 LOS ANGELES-LONG BEACH-ANAHEIM, CA METROPOLITAN STATISTICAL AREA
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Value estimations

Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
$1.79M
Comparable Approach Comparable
$1.45M
Blend (final) Blend
$1.42M

Owner & transaction history

since 2017
7 recorded transactions
2017
$591,000
2014
Price N/A
2014
$410,000
2000
$200,000
1999
Price N/A
1994
Price N/A
1969
Price N/A

Zoning & alternative use

LCC2* · Commerce, CA
Top alternative use upside
Auto repair, garage $2.3M +124.1%
Medical building $1.9M +87.8%
Neighborhood: shopping center $1.8M +74.6%

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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