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Property profile & analytics
OFF-MARKET
Estimated value
$735,000
Retail space
540 Garvey Ave Monterey Park, CA 91755-1968
Trust Owned
6-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US09-8705851
Property profile
Verified
Property type
Retail space
Use group
RETAIL STORES (PERSONAL SERVICES)
Year built
1945
Construction
WOOD
Total area
2,460 SF
Lot
0.14 ac (6,000 SF)
Zoning code
MPCM*
APN
5259-016-001
UPID
US09-8705851
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
-
Pro Garage Door Repairs of Monterey Park Building Supply General Contractor
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$835k
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$735k
Owner & transaction history
Laus Family Trust · 6 yrs held
Laus Family Trust
since 2019
7 recorded transactions
Zoning & alternative use
MPCM* · Monterey Park, CA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Auto repair, garage
$1.1M
+20.7%
Medical building
$1.1M
+18.6%
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%
$905,000
6.5%
$835,000
7%
$780,000
Alternative Use
Use
Estimation
RETAIL STORES
$945,000
Current use
AUTO REPAIR, GARAGE
$1,140,000
Change: +21% · Conversion: Difficult
MEDICAL BUILDING
$1,120,000
Change: +19% · Conversion: Difficult
OFFICE BUILDING
$930,000
Change: -1% · Conversion: Easy
COMMERCIAL (GENERAL)
$760,000
Change: -19% · Conversion: Easy
Blend value · Realmo final
$735k
Range $662k – $809k · ±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
$299 / 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
$15,151
Tax year 2024
Assessed value
$1,072,198
Assessed 2024
Previous assessed
$1,072,198
+0.0% YoY
Effective rate
1.41%
On assessed value
Assessed land
$568,264
Assessed improvement
$503,934
Applied tax rate
3.0000
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
Retail space
Use group
RETAIL STORES (PERSONAL SERVICES)
Status
Off-Market
Year built
1945
Construction
WOOD
Heating
NONE
Buildings
2
Stories
1
Total area
2,460 SF
Lot
0.14 ac (6,000 SF)
Zoning code
MPCM*
APN
5259-016-001
UPID
US09-8705851
Jurisdiction
LOS ANGELES
Metro division
LOS ANGELES-LONG BEACH-GLENDALE, CA METROPOLITAN DIVISION
Zoning & alternative use
MPCM* · Monterey Park, CA
Zoning MPCM* · permitted uses
MPCM* · 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
RETAIL STORES Current
Est. value
$945,000
AUTO REPAIR, GARAGE
Est. value
$1.1M
MEDICAL BUILDING
Est. value
$1.1M
OFFICE BUILDING
Est. value
$930,000
COMMERCIAL (GENERAL)
Est. value
$760,000
RETAIL STORES Current
AUTO REPAIR, GARAGE
MEDICAL BUILDING
OFFICE BUILDING
COMMERCIAL (GENERAL)
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
1945
Construction
WOOD
Heating
NONE
Stories
1
Buildings
2
Lot
0.14 ac
Current owner
From public records · entity-resolved
Laus Family Trust
Trust
Mailing address
20808 REGENCY CT, WALNUT, CA 91789-5027
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2019
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 17, 2020
—
William H Lau
—
Deed
related
$450,000 · United Pacific Bank
Oct 28, 2019
$1,000,000
Laus Family Trust
Tl Pharmacy INC
Grant Deed
$500,000 · Suthin Tewasart
Jul 22, 2019
—
Tl Pharmacy INC
Lam,dan
Quit Claim Deed
—
Jun 29, 2018
$960,000
Dan Lam
Cmc Management LLC
Grant Deed
—
Jun 29, 2018
—
Dan Lam
Lam,taylor V
Quit Claim Deed
related
—
May 26, 2017
—
Karen L Mcgalis
Klmc Investments LLC
Quit Claim Deed
—
May 26, 2017
$725,000
Cmc Management LLC
Karen Lynne Mcgalis
Grant Deed
$470,000 · Hanmi Bank
Aug 20, 2010
—
Mcgalis Karen L Trust
Mcgalis,karen
Quit Claim Deed
—
Jun 23, 2010
—
Karen Mcgalis
Gagnon Virginia M Trust
Grant Deed
—
Jan 17, 2002
—
Gagnon,virginia M Tr
Miller,b
Quit Claim Deed
related
—
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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