Back to Search
Property profile & analytics
OFF-MARKET
Estimated value
$2,420,000
Investment properties
447 Garvey Ave Monterey Park, CA 91754-1668
Entity Owned
8-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US09-7587706
Property profile
Verified
Property type
Investment properties
Use group
STORE/OFFICE (MIXED USE)
Year built
1993
Construction
TILT-UP CONCRETE
Total area
9,176 SF
Lot
0.27 ac (11,812 SF)
Zoning code
MPC4*
APN
5256-013-059
UPID
US09-7587706
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
-
J J Hong Kong Cafe Restaurant
-
Hua Sheng Law Center Law Firm
-
律师楼 Restaurant
-
On Time Repair & Phone Repair Services &Cell Repair Services & Computer Repair Services Hardware & Home Improvement General Contractor
-
Hua joint law firm - MK Law Center Law Firm
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$2.86M
Comparable Approach
Comparable
$1.65M
Blend (final)
Blend
$2.42M
Owner & transaction history
Ju Fat LLC · 8 yrs held
Ju Fat LLC
since 2018
7 recorded transactions
Zoning & alternative use
MPC4* · Monterey Park, CA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Office building
$3.6M
+25.3%
Retail stores
$3.5M
+24.0%
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%
$3,095,000
6.5%
$2,860,000
7%
$2,655,000
Alternative Use
Use
Estimation
COMMERCIAL (GENERAL)
$2,835,000
Current use
OFFICE BUILDING
$3,550,000
Change: +25% · Conversion: Easy
RETAIL STORES
$3,515,000
Change: +24% · Conversion: Easy
WAREHOUSE, STORAGE
$2,695,000
Change: -5% · Conversion: Difficult
Blend value · Realmo final
$2.42M
Range $2.18M – $2.66M · ±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
$264 / 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
$72,212
Tax year 2024
Assessed value
$5,354,489
Assessed 2024
Previous assessed
$5,354,489
+0.0% YoY
Effective rate
1.35%
On assessed value
Assessed land
$2,509,917
Assessed improvement
$2,844,572
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
Investment properties
Use group
STORE/OFFICE (MIXED USE)
Status
Off-Market
Year built
1993
Construction
TILT-UP CONCRETE
Heating
NONE
Stories
1
Total area
9,176 SF
Lot
0.27 ac (11,812 SF)
Zoning code
MPC4*
APN
5256-013-059
UPID
US09-7587706
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
COMMERCIAL (GENERAL) Current
Est. value
$2.8M
OFFICE BUILDING
Est. value
$3.6M
RETAIL STORES
Est. value
$3.5M
WAREHOUSE, STORAGE
Est. value
$2.7M
COMMERCIAL (GENERAL) Current
OFFICE BUILDING
RETAIL STORES
WAREHOUSE, STORAGE
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
1993
Construction
TILT-UP CONCRETE
Heating
NONE
Stories
1
Lot
0.27 ac
Current owner
From public records · entity-resolved
Ju Fat LLC
Entity
Mailing address
608 MONTEREY PASS RD, MONTEREY PARK, CA 91754-2419
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2018
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
15 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jun 28, 2021
—
Ju Fat LLC
—
Deed
related
$3,200,000 · Preferred Bank
Mar 30, 2018
$4,800,000
Ju Fat LLC
Aatc Investments INC
Grant Deed
$3,360,000 · First General Bank
Aug 5, 2015
$4,580,000
Aatc Investment INC
Hu Living Trust
Grant Deed
—
Aug 5, 2015
—
Hu Living Trust
Hu,zhaoxiu
Quit Claim Deed
related
—
Jan 23, 2014
—
Zhaoxiu Hu
Hu Living Trust
Quit Claim Deed
related
—
Aug 30, 2007
—
Hu Living Trust
Hu,zhaoxiu
Quit Claim Deed
related
—
Jul 12, 2007
$3,858,000
Zhao X Hu
Royal Prince INC
Grant Deed
$2,122,000 · Cathay Bank
May 17, 2004
—
Royal Prince INC
Kuo,brian
Grant Deed
related
—
Aug 9, 1999
—
Kuo,brian Y & Min I Tr
—
Deed Of Trust
related
—
Jul 28, 1995
$1,960,000
Jin Tung International LP
Lam,ronnie
Grant Deed
$1,469,497 · Seller
—
—
Ronnie Lam
—
Deed Of Trust
related
$1,000,000 · Individual
—
—
Ronnie Lam
—
Deed Of Trust
related
$1,500,000 · Tokai Bank California
—
—
Brian Y Kuo
—
Deed Of Trust
related
$1,375,000 · Far East National Bank
—
—
Royal Prince INC
—
Deed Of Trust
related
$1,880,000 · Far East National Bank
—
—
David Kuo
—
Deed Of Trust
related
$1,436,089 · Tokai Bank California
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.
Try Rey
Ask anything about this address in plain English.
“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
You own 447 Garvey Ave?
List it free. Reach 20,000 daily buyers.
We’ve already pulled the facts. Confirm photos + price and you’re live in 2 minutes.
List this address →
Full reports are paid
Unlock the full Property Analytics report
Start free for 7 days — no card required. Full owner contacts, all 4 valuations with methodology, refine flow, comparable adjustments, foot-traffic deep dive, export to PDF / CSV.
