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Property profile

2322 Garfield Ave Monterey Park, CA 91754

OFF-MARKET
Office buildings
Property ID
US09-7543107
View Sample
1,542 SF 0.09 ac lot Built 1964
Entity Owned 5-yr Hold Absentee Owner ~ Est. High Equity

Property profile

Verified
Property type Office buildings
Use group PROFESSIONAL BUILDING
Year built 1964
Construction WOOD
Total area 1,542 SF
Lot 0.09 ac (3,986 SF)
Zoning code MPC4*
APN 5265-008-006
UPID US09-7543107

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
  • Medical Clinic
  • Corporate Office

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
$1.06M
CAP Approach CAP
$555k
Comparable Approach Comparable
$737k
Blend (final) Blend
$1.09M

Owner & transaction history

since 2020
Last sale
$840,008
7 recorded transactions
2023
Price N/A
2020
$840,000
2017
Price N/A
2017
Price N/A
2008
Price N/A
1972
$46,000
1969
Price N/A

Zoning & alternative use

MPC4* · Monterey Park, CA
Top alternative use upside
Neighborhood: shopping center $940,000 +57.2%
Auto repair, garage $715,000 +19.5%
Medical building $700,000 +17.4%

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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