1588 Corporate Center DrMonterey Park, CA 91754

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 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.

• 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

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