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Property profile

1588 Corporate Ctr Dr Monterey Park, CA 91754

OFF-MARKET
Office buildings
Property ID
US09-8740774
67,805 SF 2.72 ac lot Built 1991
Entity Owned 15-yr Hold Free & Clear
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Property summary

AI-generated overview

This exceptional commercial property, located at 1588 Corporate Center Drive, Suite 102, Monterey Park, CA 91754, presents a fantastic opportunity for businesses seeking a well-situated office space. Priced at $1,000, this first-floor unit boasts a bright and airy open floor plan, ideal for a variety of professional uses. The space includes a dedicated reception desk area, providing a professional and welcoming entrance for clients and visitors. Situated within a desirable Monterey Park building, the property benefits from ample parking, ensuring convenient access for employees and guests. The property is a combined office and land offering, though the specific land details are not provided. The unit's open layout offers flexibility in design and configuration, allowing businesses to customize the space to meet their specific needs. Its location in Monterey Park, Los Angeles County, provides easy access to major transportation routes and a vibrant business community. This move-in ready office space is an excellent investment opportunity for businesses seeking a functional and attractive workspace in a convenient location. The property is zoned for commercial use. Further details regarding the exact square footage and land area are not available at this time.

Property profile

Verified
Property type Office buildings
Use group OFFICE BUILDING
Year built 1991
Construction STEEL FRAME
Total area 67,805 SF
Lot 2.72 ac (118,453 SF)
Zoning code MPC2*
APN 5237-024-055
UPID US09-8740774

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
  • Publishing House Newspaper & Magazine
  • Corporate Office

Location

1588 Corporate Ctr Dr Monterey Park, CA 91754-7624
Monterey Park metro Census 482001 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
by Request
Comparable Approach Comparable
$15.49M
Blend (final) Blend
$12.33M

Owner & transaction history

since 2011
2 recorded transactions
2011
Price N/A
1989
$2.8M

Zoning & alternative use

MPC2* · Monterey Park, CA

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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