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Property profile & analytics
OFF-MARKET
Estimated value
$31,075,000
Office buildings
1000 Corporate Ctr Dr Monterey Park, CA 91754-7600
Entity Owned
9-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US09-7587694
Property profile
Verified
Property type
Office buildings
Use group
OFFICE BUILDING (MULTI-STORY)
Year built
1983
Construction
STEEL FRAME
Total area
119,883 SF
Lot
5.92 ac (257,852 SF)
Zoning code
MPOP*
APN
5237-022-018
UPID
US09-7587694
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Current use
Occupant on record · Public records
-
TrinityCare Extended Care Home Health Care Service
-
Alma Family Services Family Counselor
-
CallyBean High School Vocational School
-
Mark Paskewitz MD Medical Laboratory
-
Mr. Crowd Bank Credit Union
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$30.39M
Comparable Approach
Comparable
$38.98M
Blend (final)
Blend
$31.08M
Owner & transaction history
Omninet Lacc LLC · 9 yrs held
Omninet Lacc LLC
since 2017
7 recorded transactions
Zoning & alternative use
MPOP* · Monterey Park, CA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Cap rate
Implied · in-place · derived from last sale + estimated NOI
Implied Cap rate
#1
Implied · in-place · NOI ÷ last sale
In-place · derived from last sale + estimated NOI
Cap rate, NOI & submarket benchmark
Implied cap rate vs Monterey Park submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Monterey Park submarket · NOI estimate · typical band, median & reading
Refine your cap rate
8-question underwriting flow
1.
Property current status — Going-In vs Stabilized
2.
Price for denominator — asking / offer / market
3.
Leasing status & lease structure (NNN / Gross)
4.
Tenant risk profile & vacancy assumption
5.
Upload T12 / rent roll / OM (optional)
Refine in 60 seconds, get exact suggested price
T12 upload · Submarket benchmarks · Sensitivity grid
Suggested price · 3 cap rate anchors
Income approach @ 5% / 7% / 9% — aggressive / typical / conservative
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · Implied $/SF per anchor · Sensitivity grid
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · implied $/SF · sensitivity
Value
AI, CAP & Alternative Use estimations · Realmo proprietary blendValue Estimations
Based on Realmo’s proprietary methodology
AI Approach
Method
Estimation
Statistic approach
by Request
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
$32,915,000
6.5%
$30,385,000
7%
$28,215,000
Alternative Use
Use
Estimation
OFFICE BUILDING
$46,410,000
Current use
RETAIL STORES
$45,945,000
Change: -1% · Conversion: Moderate
Blend value · Realmo final
$31.08M
Range $27.97M – $34.18M · ±10%
Realmo estimate · informational only.
These numbers are calculated by our models from public records and may not reflect actual market value.
Not an appraisal.
Verify with a licensed appraiser before transacting. Realmo accepts no liability for divergence from real-world outcomes.
View the full estimation — every method, every assumption
Confidence drivers & risk notes · Custom comparable set · Free for first 3 / day
Full estimation methodology
Every method · every assumption · confidence drivers
Price per SF
Sale + rent benchmarks
Subject property
$259 / SF
Submarket sale & rent benchmarks
Median sale $/SF · Asking & closed rent · Submarket vacancy
Submarket sale & rent benchmarks
Median sale $/SF · asking & closed rent · submarket vacancy
Property tax & assessments
Tax year 2024Property tax & assessments
Tax year 2024
Tax billed
$377,601
Tax year 2024
Assessed value
$28,445,732
Assessed 2024
Previous assessed
$28,445,732
+0.0% YoY
Effective rate
1.33%
On assessed value
Assessed land
$11,378,293
Assessed improvement
$17,067,439
Applied tax rate
1.0000
Comparables
6 recent transactions · within 1.5 miComparable in this city
6 recent transactions
Comparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
Recent comparable sales
Sale price & $/SF · sale date & distance · adjustments
Property description
Physical attributes from public recordsBuilding & lot
Public records
Property type
Office buildings
Use group
OFFICE BUILDING (MULTI-STORY)
Status
Off-Market
Year built
1983
Construction
STEEL FRAME
Heating
NONE
Total area
119,883 SF
Lot
5.92 ac (257,852 SF)
Zoning code
MPOP*
APN
5237-022-018
UPID
US09-7587694
Jurisdiction
LOS ANGELES
Metro division
LOS ANGELES-LONG BEACH-GLENDALE, CA METROPOLITAN DIVISION
Zoning & alternative use
MPOP* · Monterey Park, CA
Zoning MPOP* · permitted uses
MPOP* · Monterey Park, CA
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Monterey Park. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
OFFICE BUILDING Current
Est. value
$46.4M
RETAIL STORES
Est. value
$45.9M
OFFICE BUILDING Current
RETAIL STORES
Alternative use deep dive — conversion cost, permits, timeline
Conversion cost estimate · Permit path & risks · Stabilized NOI per option
Alternative use deep dive
Conversion cost · permit path · stabilized NOI per option
Building & site characteristics
From public records
Year built
1983
Construction
STEEL FRAME
Heating
NONE
Lot
5.92 ac
Current owner
From public records · entity-resolved
Omninet Lacc LLC
Entity
Mailing address
9420 WILSHIRE BLVD4THFL, BEVERLY HILLS, CA 90212-1500
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2017
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
8 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Apr 3, 2017
$81,000,000
Omninet Lacc LLC
Los Angeles Corp Center LLC
Quit Claim Deed
related
$58,725 · Citi R/e Fndg INC
Oct 5, 2012
—
Los Angeles Corporate Ctr LLC
—
Deed Of Trust
related
$860,000,000 · New York Life Insurance
Aug 2, 2007
$125,000,000
Los Angeles Corporate Ctr LLC
Arden Realty
Grant Deed
—
Jun 12, 1997
—
Arden Realty Finance Ptshp
Arden Realty LP
Quit Claim Deed
related
$175,000,000 · Lehman Brothers Realty Corp
Apr 4, 1997
—
Arden Realty LP
—
Deed Of Trust
related
$137,800,000 · Lehman Capital Corp
Dec 18, 1996
—
Arden Realty LP
Metropolitan Life Insurance
Grant Deed
related
—
Oct 21, 1994
—
Metropolitan Life Ins Co And
—
Deed Of Trust
related
—
—
—
Los Angeles Corporate Center L
—
Deed Of Trust
related
—
Coming soon
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Coming soon
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.
Try Rey
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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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