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Property profile & analytics
OFF-MARKET
Estimated value
$815,000
Office buildings
2322 Garfield Ave, Monterey Park, CA 91754-7220
Entity Owned
5-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US09-7543107
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
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Current use
Occupant on record · Public records
-
Joseph I Sandler Medical Corporation Medical Clinic
-
TheraPeds Inc. Corporate Office
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$1.06M
CAP Approach
CAP
$555k
Comparable Approach
Comparable
$737k
Blend (final)
Blend
$815k
Owner & transaction history
Chen And Le Associates LLC · 5 yrs held
Chen And Le Associates LLC
since 2020
Last sale
$840,008
7 recorded transactions
Zoning & alternative use
MPC4* · Monterey Park, CA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Neighborhood: shopping center
$940,000
+57.2%
Auto repair, garage
$715,000
+19.5%
Medical building
$700,000
+17.4%
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
$1,085,000
ML approach
$1,060,000
CAP Approach
CAP Return
Estimation
6%
$600,000
6.5%
$555,000
7%
$515,000
Alternative Use
Use
Estimation
OFFICE BUILDING
$595,000
Current use
NEIGHBORHOOD: SHOPPING CENTER
$940,000
Change: +57% · Conversion: Difficult
AUTO REPAIR, GARAGE
$715,000
Change: +19% · Conversion: Difficult
MEDICAL BUILDING
$700,000
Change: +17% · Conversion: Easy
RETAIL STORES
$590,000
Change: -1% · Conversion: Moderate
Blend value · Realmo final
$815k
Range $734k – $897k · ±10% · vs last sale $840k (Aug 27 2020)
Last sale anchor
$840k
Aug 27 2020
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
$529 / 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
$11,902
Tax year 2024
Assessed value
$891,414
Assessed 2024
Previous assessed
$891,414
+0.0% YoY
Effective rate
1.34%
On assessed value
Assessed land
$530,604
Assessed improvement
$360,810
Applied tax rate
6.0000
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
Office buildings
Use group
PROFESSIONAL BUILDING
Status
Off-Market
Year built
1964
Construction
WOOD
Heating
NONE
Stories
1
Total area
1,542 SF
Lot
0.09 ac (3,986 SF)
Zoning code
MPC4*
APN
5265-008-006
UPID
US09-7543107
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
OFFICE BUILDING Current
Est. value
$595,000
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$940,000
AUTO REPAIR, GARAGE
Est. value
$715,000
MEDICAL BUILDING
Est. value
$700,000
RETAIL STORES
Est. value
$590,000
OFFICE BUILDING Current
NEIGHBORHOOD: SHOPPING CENTER
AUTO REPAIR, GARAGE
MEDICAL BUILDING
RETAIL STORES
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
1964
Construction
WOOD
Heating
NONE
Stories
1
Lot
0.09 ac
Current owner
From public records · entity-resolved
Chen And Le Associates LLC
Entity
Mailing address
8808 MSN DR STE #201, ROSEMEAD, CA 91770-5100
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2020
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
9 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Nov 2, 2023
—
Chen And Le Associates Ll
—
Deed
related
$310,000 · Bank Of America NA
Aug 27, 2020
$840,000
Chen And Le Associates LLC
Joseph I Sandler
Grant Deed
$479,500 · Cathay Bank
Mar 21, 2017
—
Sandler Trust
Sandler Trust
Quit Claim Deed
related
—
Feb 22, 2017
—
Joseph I Sandler
Sandler,cynthia
Affidavit Of Death
related
—
Sep 23, 2008
—
Sandler Trust
Sandler,joseph I & Cynthia R
Quit Claim Deed
related
—
Aug 18, 1972
$46,000
Joseph I Sandler
—
Grant Deed
related
$39,100
—
—
Joseph I Sandler
—
Deed Of Trust
related
$70,000 · Republic Bank Trustee
—
—
Sandler Trust
—
Deed Of Trust
related
$220,000 · Bank Of The West
—
—
Joseph I Sandler
—
Deed Of Trust
related
$140,000 · Red Bank Films 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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