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Property profile & analytics
OFF-MARKET
Estimated value
$5,145,000
Retail space
216 Garvey Ave Monterey Park, CA 91754-1688
Individually Owned
6-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US09-7757361
Property profile
Verified
Property type
Retail space
Use group
RETAIL STORES (PERSONAL SERVICES)
Year built
1986
Construction
TILT-UP CONCRETE
Total area
18,270 SF
Lot
0.79 ac (34,515 SF)
Zoning code
MPC4*
APN
5257-014-025
UPID
US09-7757361
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
-
Spicy Duck Wang La Ya Restaurant
-
You You Beauty Studio Hair Salon Nail Salon
-
Grand Law Social Service Agency Charitable Organization
-
Yamaha Music School Vocational School Training Center
-
My Asian Nanny Inc Daycare Center Foster Care Service
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$6.22M
Comparable Approach
Comparable
$5.45M
Blend (final)
Blend
$5.15M
Owner & transaction history
Kao-chang Yang · 6 yrs held
Kao-chang Yang
since 2019
5 recorded transactions
Zoning & alternative use
MPC4* · Monterey Park, CA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Auto repair, garage
$8.5M
+20.7%
Medical building
$8.3M
+18.6%
Office building
$7.1M
+1.0%
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%
$6,735,000
6.5%
$6,220,000
7%
$5,775,000
Alternative Use
Use
Estimation
RETAIL STORES
$7,000,000
Current use
AUTO REPAIR, GARAGE
$8,450,000
Change: +21% · Conversion: Difficult
MEDICAL BUILDING
$8,305,000
Change: +19% · Conversion: Difficult
OFFICE BUILDING
$7,075,000
Change: +1% · Conversion: Easy
COMMERCIAL (GENERAL)
$5,645,000
Change: -19% · Conversion: Easy
Blend value · Realmo final
$5.15M
Range $4.63M – $5.66M · ±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
$282 / 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
$78,004
Tax year 2024
Assessed value
$5,429,792
Assessed 2024
Previous assessed
$5,429,792
+0.0% YoY
Effective rate
1.44%
On assessed value
Assessed land
$2,455,206
Assessed improvement
$2,974,586
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
1986
Construction
TILT-UP CONCRETE
Heating
NONE
Cooling
YES
Buildings
4
Stories
1
Total area
18,270 SF
Lot
0.79 ac (34,515 SF)
Zoning code
MPC4*
APN
5257-014-025
UPID
US09-7757361
Jurisdiction
LOS ANGELES
Metro division
LOS ANGELES-LONG BEACH-GLENDALE, CA METROPOLITAN DIVISION
Zoning & alternative use
MPC4* · Monterey Park, CA
Zoning MPC4* · permitted uses
MPC4* · 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
$7.0M
AUTO REPAIR, GARAGE
Est. value
$8.5M
MEDICAL BUILDING
Est. value
$8.3M
OFFICE BUILDING
Est. value
$7.1M
COMMERCIAL (GENERAL)
Est. value
$5.6M
RETAIL STORES Current
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
1986
Construction
TILT-UP CONCRETE
Heating
NONE
Cooling
Yes
Stories
1
Buildings
4
Lot
0.79 ac
Current owner
From public records · entity-resolved
Kao-chang Yang
Individual
Mailing address
217 E GARVEY AVE, MONTEREY PARK, CA 91755-1811
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2019
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
5 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Aug 2, 2019
—
Kao-chang Yang
Shuai,yung-chen
Quit Claim Deed
related
—
Jan 10, 1996
$86,500
Bi C Yang
Yeh,yu H
Grant Deed
related
—
—
—
Yeh
—
Deed Of Trust
related
$2,000,000 · Bank Of Canton
—
—
Bih-chung Yang
—
Deed Of Trust
related
$850,000 · Bank Of Canton
—
—
Kao-ping Yang
—
Deed Of Trust
related
$810,000 · Shanghai Commercial Bank Ltd
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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