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Property profile & analytics
OFF-MARKET
Estimated value
$2,115,000
Medical Office Space
318 Garfield Ave Monterey Park, CA 91754-1725
Individually Owned
13-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US09-6176495
Property profile
Verified
Property type
Medical Office Space
Use group
MEDICAL BUILDING
Year built
2009
Construction
WOOD
Total area
8,260 SF
Lot
0.4 ac (17,312 SF)
Zoning code
MPC3*
APN
5255-009-018
UPID
US09-6176495
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
-
Dr. Howard Chen Dental Office
-
Kingdom Hall of Jehovah's Witnesses Church
-
Long Beach Dragon Boat Festival Association Or Organization
-
SIYI HUANG Physician
-
Howard Yi-Min Chen Dental Office
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$2.41M
Comparable Approach
Comparable
$2.04M
Blend (final)
Blend
$2.12M
Owner & transaction history
Howard Y Chen · 13 yrs held
Howard Y Chen
since 2013
7 recorded transactions
Zoning & alternative use
MPC3* · Monterey Park, CA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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%
$2,610,000
6.5%
$2,410,000
7%
$2,240,000
Alternative Use
Use
Estimation
OFFICE BUILDING
$3,200,000
Change: -15% · Conversion: Easy
RETAIL STORES
$3,165,000
Change: -16% · Conversion: Difficult
Blend value · Realmo final
$2.12M
Range $1.90M – $2.33M · ±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
$256 / 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
$37,275
Tax year 2024
Assessed value
$2,692,231
Assessed 2024
Previous assessed
$2,692,231
+0.0% YoY
Effective rate
1.38%
On assessed value
Assessed land
$1,146,914
Assessed improvement
$1,545,317
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
Medical Office Space
Use group
MEDICAL BUILDING
Status
Off-Market
Year built
2009
Construction
WOOD
Heating
NONE
Cooling
OTHER
Stories
1
Bathrooms
2
Total area
8,260 SF
Lot
0.4 ac (17,312 SF)
Zoning code
MPC3*
APN
5255-009-018
UPID
US09-6176495
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
OFFICE BUILDING
Est. value
$3.2M
RETAIL STORES
Est. value
$3.2M
OFFICE 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
2009
Construction
WOOD
Heating
NONE
Cooling
Yes
Stories
1
Bathrooms
2
Lot
0.4 ac
Current owner
From public records · entity-resolved
Howard Y Chen
Individual
Mailing address
2021 TURNBULL CYN RD, HACIENDA HEIGHTS, CA 91745-4014
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2013
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
10 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jan 7, 2013
—
Howard Y Chen
Chen Family Trust
Quit Claim Deed
related
—
Mar 20, 2008
—
Chen Howard Y & Melissa H Tr
Chen,howard & Melissa
Quit Claim Deed
related
—
Mar 12, 2007
$1,080,000
Howard Chen
Magnus Sunhill Group LLC
Grant Deed
—
Mar 12, 2007
$1,710,000
Magnus Sunhill Group LLC
Lau,si & Kitty
Grant Deed
—
Nov 20, 2006
—
Roger C Carter
Mildred Properties LLC
Grant Deed
—
Aug 11, 2006
$3,600,000
Si Lau
Lai,ivy
Grant Deed
$2,520,000 · United Commercial Bank
Dec 29, 1993
$745,000
Ivy Lai
—
Grant Deed
related
—
Nov 27, 1991
$930,000
Karen Au
Buddihst Ortho
Grant Deed
$1,240,000 · Development Bank Singapore
—
—
Ivy Lai
—
Deed Of Trust
related
$590,000 · Individual
—
—
Karen Au
—
Deed Of Trust
related
$548,000 · Individual
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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