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Property profile & analytics
OFF-MARKET
Estimated value
$33,305,000
Community centers
111 Atlantic Blvd Monterey Park, CA 91754-1582
Entity Owned
9-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US09-7356501
Property profile
Verified
Property type
Community centers
Use group
MINI-MALL
Year built
1986
Construction
CONCRETE
Total area
87,206 SF
Lot
1.92 ac (83,562 SF)
Zoning code
MPSP*
APN
5354-013-045
UPID
US09-7356501
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
-
Code Five Hair Studio Hair Salon Nail Salon
-
Atlantic Place Dental Office Dental Office
-
Patient Medical Care Medical Clinic
-
Cui Xiao-Mei DDS Dental Office
-
Dr. Zhibin Qiu, DDS Dental Office
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$31.81M
Comparable Approach
Comparable
$35.25M
Blend (final)
Blend
$33.31M
Owner & transaction history
South Atlantic Investment LLC · 9 yrs held
South Atlantic Investment LLC
since 2016
7 recorded transactions
Zoning & alternative use
MPSP* · 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%
$34,455,000
6.5%
$31,805,000
7%
$29,530,000
Alternative Use
Use
Estimation
NEIGHBORHOOD: SHOPPING CENTER
$53,075,000
Current use
Blend value · Realmo final
$33.31M
Range $29.97M – $36.64M · ±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
$382 / 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
$412,058
Tax year 2024
Assessed value
$29,080,071
Assessed 2024
Previous assessed
$29,080,071
+0.0% YoY
Effective rate
1.42%
On assessed value
Assessed land
$8,419,935
Assessed improvement
$20,660,136
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
Community centers
Use group
MINI-MALL
Status
Off-Market
Year built
1986
Construction
CONCRETE
Heating
NONE
Cooling
YES
Buildings
4
Stories
1
Units
1
Total area
87,206 SF
Lot
1.92 ac (83,562 SF)
Zoning code
MPSP*
APN
5354-013-045
UPID
US09-7356501
Jurisdiction
LOS ANGELES
Metro division
LOS ANGELES-LONG BEACH-GLENDALE, CA METROPOLITAN DIVISION
Zoning & alternative use
MPSP* · Monterey Park, CA
Zoning MPSP* · permitted uses
MPSP* · 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
NEIGHBORHOOD: SHOPPING CENTER Current
Est. value
$53.1M
NEIGHBORHOOD: SHOPPING CENTER Current
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
1986
Construction
CONCRETE
Heating
NONE
Cooling
Yes
Stories
1
Buildings
4
Units
1
Lot
1.92 ac
Current owner
From public records · entity-resolved
South Atlantic Investment LLC
Entity
Mailing address
2275 HUNTINGTON DRPMB199, SAN MARINO, CA 91108-2640
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2016
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
9 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jan 4, 2022
—
South Atlantic Investment LLC
—
Deed
related
$10,000,000 · Brickstar Capital LLC
Sep 1, 2017
—
South Atlantic Investment LLC
—
Deed
related
$15,500,000 · Ctbc Bank Corp USA
Oct 19, 2016
—
South Atlantic Investment LLC
Chen,wei
Quit Claim Deed
—
Sep 20, 2016
$25,557,500
Wei Chen
Atlantic Shopping Center LP
Grant Deed
$4,300,000 · Hankey Cap
Jul 8, 2016
—
Atlantic Shopping Center LP
—
Deed
related
$12,500,000 · Shanghai Commercial Bank
Jul 3, 2006
—
Atlantic Shopping Center LP
Monterey Atlantic Place Partnership
Grant Deed
$18,000,000 · Ubs Real Estate Investments INC
Nov 1, 1994
—
Monterey Atlantic Place Ptshp
Tokai Bank California
Grant Deed
$8,400,000 · Tokai Bank California
Aug 5, 1993
$11,732
Tokai Bank California
Tindo Valley Ass
Trustees Deed
related
—
—
—
Monterey Atlantic Place Ptshp
—
Deed Of Trust
related
$7,850,000 · Far East National Bank
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.
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