1588 Corporate Center DrMonterey Park, CA 91754

  • Office properties
  • 67,805 SF
For Sale
$1,000 View listing

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
1588 Corporate Center Dr, Monterey Park, California

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

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
$152,714
$3,484,792
$6,902,282
$10,387,074
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