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Property profile & analytics
FOR SALE
Investment properties
745 E Garvey Ave Monterey Park, CA 91755
Individually Owned
17-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US09-7359013
For Sale
1 / 12
$4,700,000
745 E Garvey Ave, Monterey Park, CA 91755
View Listing →
Property profile
Verified
Property type
Investment properties
Use group
STORE/OFFICE (MIXED USE)
Year built
2008
Construction
WOOD
Total area
8,006 SF
Lot
0.39 ac (16,975 SF)
Zoning code
MPCM*
APN
5258-004-086
UPID
US09-7359013
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
-
Lead USA Agricultural Supply Grocery & Convenience Store
-
S&K Electrician of Monterey Park Electrical Service General Contractor
-
HUAYUN Music Center Vocational School Training Center
-
Banh Mi Che Cali BMC Pho Restaurant
-
Kmc Plaza Shopping Center & Mall
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$2.50M
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$1.81M
Owner & transaction history
Rui Z Zhao · 17 yrs held
Rui Z Zhao
since 2009
7 recorded transactions
Zoning & alternative use
MPCM* · 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%
$2,700,000
6.5%
$2,495,000
7%
$2,315,000
Alternative Use
Use
Estimation
COMMERCIAL (GENERAL)
$2,475,000
Current use
WAREHOUSE, STORAGE
$2,350,000
Change: -5% · Conversion: Difficult
Blend value · Realmo final
$1.81M
Range $1.63M – $1.99M · ±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
$226 / 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
$45,356
Tax year 2024
Assessed value
$3,123,948
Assessed 2024
Previous assessed
$3,123,948
+0.0% YoY
Effective rate
1.45%
On assessed value
Assessed land
$1,848,316
Assessed improvement
$1,275,632
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
Investment properties
Use group
STORE/OFFICE (MIXED USE)
Status
For Sale
Year built
2008
Construction
WOOD
Heating
NONE
Stories
1
Total area
8,006 SF
Lot
0.39 ac (16,975 SF)
Zoning code
MPCM*
APN
5258-004-086
UPID
US09-7359013
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
COMMERCIAL (GENERAL) Current
Est. value
$2.5M
WAREHOUSE, STORAGE
Est. value
$2.4M
COMMERCIAL (GENERAL) Current
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
2008
Construction
WOOD
Heating
NONE
Stories
1
Lot
0.39 ac
Current owner
From public records · entity-resolved
Rui Z Zhao
Individual
Mailing address
1000 E GARVEY AVE, MONTEREY PARK, CA 91755-3031
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2009
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
Nov 5, 2024
—
Jrl LLC
—
Deed
related
$1,800,000 · Preferred Bank
Jan 21, 2009
$2,800,000
Rui Z Zhao
Kmc Plaza LLC
Grant Deed
$1,900,000 · Cathay Bank
May 23, 2007
—
Kmc Plaza LLC
Chang,kuei M
Grant Deed
related
—
Sep 8, 2005
—
Kuei M Chang
Glg Group INC
Grant Deed
related
$698,000 · Far East National Bank
Jun 29, 2005
—
Glg Group INC
Fulllife Corp
Grant Deed
related
—
Sep 2, 2004
—
Fullife Corp
Fullife Corp
Quit Claim Deed
related
$150,000 · Dobkin Family Trust
Aug 11, 2003
—
Fullife Corp
Gao,yubing & Lianzhen Y
Grant Deed
related
—
Aug 29, 2002
$945,000
Yubing Gao
Chan,kam T & Choy L
Grant Deed
$378,000 · East West Bank
Feb 26, 1993
$1,080,000
Kam T Chan
Tsay,shry J
Grant Deed
—
—
—
Fullife Corp
—
Deed Of Trust
related
$558,000 · East West 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.
Try Rey
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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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