1588 Corporate Center DrMonterey Park, CA 91754
- Office properties
- 67,805 SF
Property Details for 1588 Corporate Center Dr
- Year built
- 1991
- Construction
- STEEL FRAME
- Lot size
- 2.72 AC
- Property size (Sq ft)
- 67,805 SF
- Zone code
- MPC2*
- Property type
- Office properties
- Property subtype
- Office buildings
- APN
- 5237-024-055
- APU
- 5237024055
Description
This exceptional commercial property, located at 1588 Corporate Center Drive, Suite 102, Monterey Park, CA 91754, presents a fantastic opportunity for businesses seeking a well-situated office space. Priced at $1,000, this first-floor unit boasts a bright and airy open floor plan, ideal for a variety of professional uses. The space includes a dedicated reception desk area, providing a professional and welcoming entrance for clients and visitors. Situated within a desirable Monterey Park building, the property benefits from ample parking, ensuring convenient access for employees and guests. The property is a combined office and land offering, though the specific land details are not provided. The unit's open layout offers flexibility in design and configuration, allowing businesses to customize the space to meet their specific needs. Its location in Monterey Park, Los Angeles County, provides easy access to major transportation routes and a vibrant business community. This move-in ready office space is an excellent investment opportunity for businesses seeking a functional and attractive workspace in a convenient location. The property is zoned for commercial use. Further details regarding the exact square footage and land area are not available at this time.
Valuation
by Paperhouses methods
- Valuation date:
- Dec 11, 2024
-
CAP approach
- CAP return
- Valuation
- 6%
- $19,479,460
- 6.5%
- $17,981,040
- 7%
- $16,696,680
-
Comparable approach
- Method
- Valuation
- Relative Method
- $12,893,799
- Geo Method
- $12,893,799
-
Alternative Use
- Use
- Valuation
- Residential
- $22,296,490
- Hospitality
- $20,423,464
- Educational
- $16,992,082
- Medical
- $17,576,466
- Retail
- $26,432,128
Location Insight
- City
- Monterey Park
- County
- Los Angeles
- State
- California
- Latitude
- 34.046
- Longitude
- -118.166
- CBSA code
- 31080
- CBSA name
- LOS ANGELES-LONG BEACH-ANAHEIM, CA METROPOLITAN STATISTICAL AREA
Property Tax & Assessments
Comparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
FAQs
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