Add Listing
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    856 Garfield Ave Montebello, CA 90640-1607
    Back to Search
    Property profile & analytics

    856 Garfield Ave, Montebello, CA 90640-1607

    View on Map
    • Turn key restaurants
    • 3,720 SF
    • 0.12 lot acres
    Off-Market
    Property ID
    US10-0323363
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Chinese Garden Restaurant / Restaurant

    Property Details for 856 Garfield Ave

    Year built
    1962
    Construction
    TILT-UP CONCRETE
    Lot size
    0.12 lot acres
    Zone code
    MNC2*
    Property type
    Turn key restaurants
    APN
    5268-001-033
    APU
    5268001033

    Sales History

    Date Price Buyer Seller Deed Type Mortgage
    Jun 28, 2023 — Wayne Hong Jung — Deed · related $273k · East West Bank
    Jul 7, 2017 — Wayne Hong Jung Wayne Hong Jung Intrafamily Transfer · related $300k · Cathay Bank
    Feb 4, 2014 $615,000 Hong,w & Jung M Y Family Trust Mar,richard T Grant Deed —
    Oct 1, 2012 — Richard T Mar Mar Jane K Trust Quit Claim Deed · related —
    Apr 30, 2010 — Mar Jane K Living 2010 Trust Mar,jane K Quit Claim Deed · related —
    Jul 19, 1999 — Mark,jane K Trustee Mar,j K Quit Claim Deed · related —
    — — Mar — Deed Of Trust · related $155k · Far East National Bank

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

    Get a detailed, property-specific estimation — fast and free

    Location Insight

    • Map
    • Local Demand
    City
    Montebello
    County
    Los Angeles
    State
    California
    Longitude
    -118.129
    Latitude
    34.0314
    CBSA code
    31080
    CBSA name
    LOS ANGELES-LONG BEACH-ANAHEIM, CA METROPOLITAN STATISTICAL AREA

    Property Tax & Assessments

    Tax date
    Tax Amount
    Assessed Land Value
    Assessed Improvement Value
    Total Assessed Value
    Applied Tax Rate
    Land Market Value
    Improvement Market Value
    Total Market Value
    2024
    $16,732
    $240,359
    $498,752
    $739,111
    -
    $0.00
    $0.00
    $0.00

    Comparable in this City

    • Value Estimation by Request
      2,186 SF

      1213 Olympic Blvd

      RESTAURANT
      1213 Olympic Blvd, Montebello, CA 90640
      View Details
    • Value Estimation by Request
      978 SF

      3000 Beverly Blvd

      RESTAURANT
      3000 Beverly Blvd, Montebello, CA 90640-2215
      View Details
    • Value Estimation
      $550,000
      2,379 SF

      706 Beverly Blvd

      RESTAURANT
      706 Beverly Blvd, Montebello, CA 90640-3626
      View Details
    • Value Estimation by Request
      1,313 SF

      3204 Beverly Blvd

      RESTAURANT
      3204 Beverly Blvd, Montebello, CA 90640
      View Details
    • Value Estimation by Request
      1,000 SF

      3401 Beverly Blvd

      RESTAURANT
      3401 Beverly Blvd, Montebello, CA 90640-1538
      View Details
    • Value Estimation
      $830,000
      1,976 SF

      121 Garfield Ave

      RESTAURANT
      121 Garfield Ave, Montebello, CA 90640-3807
      View Details

    Similar Nearby for Sale

    • $1,550,000

      Freestanding Restaurant with Development Potential

      Operating restaurant on large lot with redevelopment possibilities.
      201 Whittier Blvd W, Montebello, CA 90640
      View Details
    • Contact for pricing

      Freestanding Restaurant with Development Potential

      Operating restaurant on large lot with redevelopment possibilities.
      201 Whittier Blvd W, Montebello, CA 90640
      View Details
    • Contact for pricing
      6,683 SF

      Value-Add Retail Center For Sale

      7-Eleven anchored retail center in Montebello, value-add opportunity.
      2900 W Beverly Blvd, Montebello, CA 90640
      View Details

    Similar Nearby for Lease

    • Contact for pricing

      Prime Corner Lot in Montebello

      Large corner lot near future train station, ideal for development.
      524 Washington Blvd, Montebello, CA 90640
      View Details
    • Contact for pricing

      Retail Space on Whittier Boulevard

      Retail space available for rent at corner location.
      201 Whittier Blvd W, Montebello, CA 90640
      View Details
    • Contact for pricing
      68,412 SF

      Montebello Warehouse with Solar Power

      New warehouse with offices, solar power, and flexible layout.
      133 Van Norman Rd, Montebello, CA 90640
      View Details
    • Contact for pricing
      44,566 SF

      Freeway Frontage Warehouse in Montebello

      Refurbished warehouse with offices, yard, and freeway frontage.
      7101 Telegraph Rd, Montebello, CA 90640
      View Details
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    856 Garfield Ave
    Montebello, CA 90640-1607
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Thank You for Inquiry
    856 Garfield Ave, Montebello, CA, 90640
    letter with green check mark
    Check your email
    We sent you the
    agent's contact details. yellow underline
    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!