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Property profile & analytics
OFF-MARKET
Estimated value
$5,290,000
Office buildings
312 Garfield Ave Monterey Park, CA 91754-1707
Entity Owned
4-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US09-7768663
Property profile
Verified
Property type
Office buildings
Use group
PROFESSIONAL BUILDING
Year built
2002
Construction
TILT-UP CONCRETE
Total area
6,935 SF
Lot
0.4 ac (17,297 SF)
Zoning code
MPC3*
APN
5255-009-019
UPID
US09-7768663
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
-
United Premier Physicians Imaging Centers (Calvin Yang, M.D.) Medical Clinic
-
Kim Jennifer K MD Physician
-
CALVING YANG MD MEDICAL IMAGING Medical Clinic
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$5.42M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$3.32M
Blend (final)
Blend
$5.29M
Owner & transaction history
Fortune Partners Enterprise LLC · 4 yrs held
Fortune Partners Enterprise LLC
since 2021
Last sale
$5.2M
7 recorded transactions
Zoning & alternative use
MPC3* · Monterey Park, CA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Restaurant
$4.5M
+68.2%
Neighborhood: shopping center
$4.2M
+57.2%
Auto repair, garage
$3.2M
+19.5%
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
$5,345,000
ML approach
$5,415,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
RESTAURANT
$4,515,000
Change: +68% · Conversion: Moderate
NEIGHBORHOOD: SHOPPING CENTER
$4,220,000
Change: +57% · Conversion: Difficult
AUTO REPAIR, GARAGE
$3,210,000
Change: +19% · Conversion: Difficult
Blend value · Realmo final
$5.29M
Range $4.76M – $5.82M · ±10% · vs last sale $5.20M (Nov 23 2021)
Last sale anchor
$5.20M
Nov 23 2021
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
$763 / 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
$71,083
Tax year 2024
Assessed value
$5,410,080
Assessed 2024
Previous assessed
$5,410,080
+0.0% YoY
Effective rate
1.31%
On assessed value
Assessed land
$1,560,600
Assessed improvement
$3,849,480
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
Office buildings
Use group
PROFESSIONAL BUILDING
Status
Off-Market
Year built
2002
Construction
TILT-UP CONCRETE
Heating
NONE
Stories
1
Bathrooms
2
Total area
6,935 SF
Lot
0.4 ac (17,297 SF)
Zoning code
MPC3*
APN
5255-009-019
UPID
US09-7768663
Jurisdiction
LOS ANGELES
Metro division
LOS ANGELES-LONG BEACH-GLENDALE, CA METROPOLITAN DIVISION
Zoning & alternative use
MPC3* · Monterey Park, CA
Zoning MPC3* · permitted uses
MPC3* · 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
RESTAURANT
Est. value
$4.5M
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$4.2M
AUTO REPAIR, GARAGE
Est. value
$3.2M
RESTAURANT
NEIGHBORHOOD: SHOPPING CENTER
AUTO REPAIR, GARAGE
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
2002
Construction
TILT-UP CONCRETE
Heating
NONE
Stories
1
Bathrooms
2
Lot
0.4 ac
Current owner
From public records · entity-resolved
Fortune Partners Enterprise LLC
Entity
Mailing address
216 S STANLEY DR, BEVERLY HILLS, CA 90211-3005
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2021
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
12 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Nov 23, 2021
$5,200,000
Fortune Partners Enterprise LLC
Jen Calvin Yang Chieh
Grant Deed
$3,200,000 · First Commercial Bank USA
Jul 12, 2018
—
Jen Calvin Yang Chieh
—
Deed
related
$1,500,000 · Cathay Bank
Dec 16, 2009
—
Chieh-jen C Yang
—
Deed Of Trust
related
$1,150,000 · Cathay Bank
Nov 24, 2009
—
Chieh-jen C Yang
Yang Chieh-jen Trust
Quit Claim Deed
related
—
Dec 14, 2005
—
Yang Chieh-jen C Trust
Yang,calvin
Quit Claim Deed
—
Apr 26, 2002
—
Calvin Yang
—
Trustees Deed
related
$975,000 · Preferred Bank
Mar 27, 2001
$650,000
Calvin Yang
Hchc Holding Gp
Grant Deed
—
May 1, 1992
$950,000
Hchc Holding
Wang,pearl
Grant Deed
$500,000 · First Commercial Bank
—
—
Chieh-jen C Yang
—
Deed Of Trust
related
$2,600,000 · Cathay Bank
—
—
Calvin Yang
—
Deed Of Trust
related
$700,000 · General Bank
—
—
Calvin Yang
—
Deed Of Trust
related
$700,000 · Preferred Bank
—
—
Yang Chieh-jen C Trust
—
Deed Of Trust
related
$500,000 · Cathay Bank
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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