Add Listing
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    2345 Garfield Ave Monterey Park, CA 91754
    Back to Search
    Property profile & analytics

    2345 Garfield Ave, Monterey Park, CA 91754

    View on Map
    • Parking lots & garages
    • 4,800 SF
    • 0.12 lot acres
    Off-Market
    Last Sale Oct 1, 2024
    $3,100,000
    Property ID
    US09-8736159
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.
    Value Estimations
    $3,100,000
    Show details
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Parking lots & garages

    Property Details for 2345 Garfield Ave

    Year built
    1997
    Construction
    WOOD
    Lot size
    0.12 lot acres
    Zone code
    MPC4*
    Property type
    Parking lots & garages
    APN
    5273-022-022
    APU
    5273022022

    Sales History

    Date Price Buyer Seller Deed Type Mortgage
    Jul 28, 2025 — Marvel Monterey Opco LLC — Deed · related $3.3M · Western Alliance Bank
    Oct 1, 2024 — Ecnf Properties LLC Wells Fargo Bank NA Grant Deed —
    Oct 1, 2024 $3,100,000 Marvel Monterey Opco LLC Wells Fargo Bank NA Grant Deed $1.9M · Win Win Enterprises LLC
    Jun 23, 2016 — Denton,sylvester & M Trust Denton Sylvester & M Trust Quit Claim Deed · related —
    Dec 21, 2015 — Browning Family Trust Browning,chris H & Lynda P Quit Claim Deed · related —
    Nov 3, 2015 — Chris H Browning Browning Phil Trust Quit Claim Deed · related —
    Sep 9, 2015 — Chris H Browning Browning,philip A Affidavit Of Death · related —
    May 5, 2014 — Denton,sylvester & M Trust Denton S & M Trust Quit Claim Deed · related —

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      Statistic approach
      $3,100,000
      ML approach
      $3,100,000

    • Comparable approach

      Method
      Estimation
      Statistic Estimate
      $2,823,000
      Market price range: $794k - $4.57M

    • Alternative Use

      Use
      Estimation
      PARKING LOT
      $2,440,000
      Current use
      NEIGHBORHOOD: SHOPPING CENTER
      $2,920,000
      Change: +20% Conversion: Difficult
      AUTO REPAIR, GARAGE
      $2,220,000
      Change: -9% Conversion: Difficult
      MEDICAL BUILDING
      $2,180,000
      Change: -11% Conversion: Difficult

    Get a detailed, property-specific estimation — fast and free

    Location Insight

    • Map
    • Local Demand
    City
    Monterey Park
    County
    Los Angeles
    State
    California
    Longitude
    -118.131
    Latitude
    34.0353
    CBSA code
    31080
    CBSA name
    LOS ANGELES-LONG BEACH-ANAHEIM, CA METROPOLITAN STATISTICAL AREA

    Property Tax & Assessments

    Tax date
    Tax Amount
    Assessed Land Value
    Assessed Improvement Value
    Total Assessed Value
    Applied Tax Rate
    Land Market Value
    Improvement Market Value
    Total Market Value
    2024
    $3,688
    $266,793
    $9,753
    $276,546
    -
    $0.00
    $0.00
    $0.00

    Comparable in this City

    • Value Estimation by Request
      2,490 SF

      Monterey Park, CA 91754

      PARKING LOT
      Monterey Park, CA 91754
      View Details
    • Value Estimation
      $1,195,000
      37,260 SF

      1255 Corporate Ctr Dr

      PARKING LOT
      1255 Corporate Ctr Dr, Monterey Park, CA 91754-7609
      View Details
    • Value Estimation
      $600,000
      14,130 SF

      113 Garfield Ave

      PARKING LOT
      113 Garfield Ave, Monterey Park, CA 91754
      View Details
    • Value Estimation
      $3,215,000
      106,140 SF

      525 Garfield Ave

      PARKING GARAGE, PARKING STRUCTURE
      525 Garfield Ave, Monterey Park, CA 91754-1202
      View Details
    • Value Estimation by Request
      11,000 SF

      250 Atlantic Blvd

      PARKING LOT
      250 Atlantic Blvd, Monterey Park, CA 91754-2712
      View Details
    • Value Estimation by Request
      6,900 SF

      568 Garvey Ave

      PARKING LOT
      568 Garvey Ave, Monterey Park, CA 91754-2704
      View Details

    Similar Nearby for Sale

    • Contact for pricing
      99,831 SF

      Monterey Park Office Building For Sale

      Five-story office building with parking structure in Monterey Park.
      901 Corporate Center Dr, Monterey Park, CA 91754
      View Details
    • $680,000

      High-Visibility Commercial Building on Garfield

      Stand-alone commercial building in Monterey Park's high-demand infill market.
      234 S Garfield Ave, Monterey Park, CA 91754
      View Details
    • New
      $450,000
      856 SF

      Monterey Park Commercial Suite For Sale

      Versatile commercial suite in a prime Monterey Park location.
      300 S Garfield Ave, Monterey Park, CA 91754
      View Details

    Similar Nearby for Lease

    • $3,983 /Mo
      1,138 SF

      Retail Space in Atlantic Times Square

      Retail space for lease in Monterey Park's premier plaza.
      500 N Atlantic Blvd, Monterey Park, CA 91754
      View Details
    • $7,104 /Mo
      2,368 SF

      Retail Space in Atlantic Times Square

      Retail space for lease in Monterey Park's premier shopping center.
      500 N Atlantic Blvd Blvd, Monterey Park, CA 91754
      View Details
    • $12,039 /Mo
      3,048 SF

      Restaurant Space in Atlantic Times Square

      Fully equipped restaurant space in a high-traffic, mixed-use development.
      500 N Atlantic Ave, Monterey Park, CA 91754
      View Details
    • $5,070 /Mo
      1,014 SF

      Monterey Park Retail/Restaurant Space

      Prime location in Atlantic Times Square near AMC Theatres.
      500 N Atlantic Blvd, Monterey Park, CA 91754
      View Details
    • $4,249 /Mo
      1,328 SF

      Retail Space in Atlantic Square

      Retail space for lease in Monterey Park's Atlantic Square.
      500 North Atlantic Blvd, Monterey Park, CA 91754
      View Details
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    2345 Garfield Ave
    Monterey Park, CA 91754
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Thank You for Inquiry
    2345 Garfield Ave, Monterey Park, CA, 91754
    letter with green check mark
    Check your email
    We sent you the
    agent's contact details. yellow underline
    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!