Los Angeles Corporate Center - 1588 Corporate Center Drive

Off-Market

1588 Corporate Center Drive, Monterey Park, CA 91754

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  • Property Type Office - General Office
  • Property Size 67,805 SF
  • Lot Size 2.72 Acre
  • Parking Spaces Avail. 250
  • Parking Ratio 3.70 / 1,000 SF
  • Property Tenancy Owner Occupied
  • Building Class B
  • Year Built 1991

Contacts

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Owner

  • True Owner
  • Registered Owner

Tenants

Suite Name Tenant Leased
Space
Rent Price Lease
Type
Space
Type
Lease Term
370 17th Street #5500 MERRILL, (303) 446-5500 23,824 SF $23/SF/YR Modified
Gross
General
Office
11/01/2014-
N/A
370 17th Street
#6000
Morrison & Foerster,
(303) 592-1500
10,710 SF $26/SF/YR Full
Service
General
Office
08/01/2013-
07/31/2023
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Documents

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Sales

  • Purchase Price
  • Arm's Length True
  • Buyer Name

Market Trends

Average Actual Rents in Monterey Park

Average rents use actual signed leases, aggregated for your specific search area and asset type with Yardi Market Insight. Be confident your price is competitive, with CommercialEdge.

Current Average Rent
Net Rent
$44.3/SF/YR
Recoverables Show detailsHide details
$16.7/SF/YR
CAM
$3.54/SF/YR
Insurance
$0.59/SF/YR
Taxes
$9.52/SF/YR
Utilities
$1.76/SF/YR
Management Fees
$1.3/SF/YR
Total Rent
$61/SF/YR
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Occupancy & Leasing Activity
Occupancy
83.5%
Lease Spread
-20.5%
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Asking Rents in Monterey Park Office Market

Office rental rates are based on aggregated data of asking rates.

  • 2022 Avg. Asking Rent $30.22
  • 2022 Office Vacancy Rate 32.15%
  • 2022 Office Completions (SF)

Monterey Park Office Sales Trends

All sale prices are based on publicly recorded, verified sales.

  • 2022 Avg. Price per SF $254.04
  • Y-o-Y Avg. PpSF Change 47.81%
  • 2022 Office Sales Volume $47.8M
  • 2022 Number of Transactions 4
View more Monterey Park market trends

Location

Getting Around

  • Walk Score ®

    75/100 Very Walkable
  • Bike Score ®

    41/100 Somewhat Bikeable
Powered by Walk Score ®
  • City Monterey Park, CA
  • Neighborhood Monterey Park
  • Zip Code 91754
  • Market Los Angeles

Points of Interest

  • Maravilla

    0.90 miles

  • East Los Angeles Civic Center

    0.93 miles

  • Atlantic

    1.11 miles

  • Cal State LA

    1.15 miles

  • Indiana

    1.69 miles

  • Soto

    2.52 miles

  • Soto Station

    2.52 miles

  • Mariachi Plaza

    3.02 miles

  • Mariachi Plaza Metro Station Entrance

    3.03 miles

  • Pico/Aliso

    3.42 miles

  • Shell

    0.48 miles

  • Chevron

    0.97 miles

  • Mobil

    1.02 miles

  • Mobil

    1.21 miles

  • 76

    1.25 miles

  • Shell

    1.27 miles

  • USA Gasoline

    1.29 miles

  • Arco

    1.89 miles

  • Arco

    2.07 miles

  • Chevron

    2.13 miles

  • Metro Park and Ride

    0.88 miles

  • Metro Bicycle Lot

    0.92 miles

  • Metro Park and Ride

    1.15 miles

  • Greenlee Plaza Parking B

    1.31 miles

  • Lot 3

    1.32 miles

  • Lot 4

    1.39 miles

  • Parking Structure C

    1.64 miles

  • Lot 7a

    1.65 miles

  • Metro Park and Ride

    1.66 miles

  • Parking Lot 5

    1.70 miles

  • Floral Inn

    0.28 miles

  • View Motel

    1.44 miles

  • The View

    1.44 miles

  • Comfort Inn Monterey Park - Los Angeles

    1.92 miles

  • Garfield Inn

    2.16 miles

  • Hilton Garden Inn Los Angeles Montebello

    2.28 miles

  • Courtyard by Marriott Los Angeles Monterey Park

    2.40 miles

  • Lincoln Plaza Hotel

    2.78 miles

  • Baymont by Wyndham Monterey Park

    2.93 miles

  • Super 8

    3.04 miles

  • Tamales Lilianas

    0.36 miles

  • Olymic Donuts

    0.44 miles

  • Denny's

    0.45 miles

  • Pronto Pizza

    0.47 miles

  • Tokyo Express: Chinese Food to Go

    0.47 miles

  • Tutti Frutti Frozen Yogurt

    0.47 miles

  • Subway

    0.48 miles

  • Jack in the Box

    0.57 miles

  • Monterey Hill Steakhouse

    0.97 miles

  • McDonald's

    1.02 miles

  • Soledad School

    0.30 miles

  • Brooklyn Avenue Elementary School

    0.44 miles

  • KIPP Iluminar Academy

    0.51 miles

  • Hilda L. Solis College Prep High School

    0.55 miles

  • McDonnell Avenue School

    0.59 miles

  • Esteban E. Torres High School

    0.61 miles

  • Morris K. Hamasaki Elementary School

    0.68 miles

  • Hamasaki Elementary School

    0.71 miles

  • Brightwood Elementary School

    0.79 miles

  • Our Lady of Guadalupe School

    0.80 miles

  • Centro de Ninos

    0.54 miles

  • Gates Early Education Center

    2.86 miles

  • Top Kids Pre-School

    3.49 miles

  • Codela Pre-School

    5.11 miles

  • HIC Daycare

    6.87 miles

  • Neighborhood Nursery School

    6.88 miles

  • Ralph M. Parsons Preschool

    7.41 miles

  • Komitas

    7.88 miles

  • Rancho Los Amigos Daycare

    8.43 miles

  • Vernon Adult Day Program

    9.12 miles

Frequently Asked Questions

What is the total square footage of Los Angeles Corporate Center - 1588 Corporate Center Drive?

Los Angeles Corporate Center - 1588 Corporate Center Drive totals 67,805 square feet.

When was this property built?

Los Angeles Corporate Center - 1588 Corporate Center Drive was built in 1991.

What is the market value for Los Angeles Corporate Center - 1588 Corporate Center Drive?

The market value* for Los Angeles Corporate Center - 1588 Corporate Center Drive in 2023-2024 was $10,387,074.
*This represents the market value determined by the appropriate local tax/financial authority, and not the latest sale price or current market value based on recent sales.

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