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Property profile & analytics
OFF-MARKET
Estimated value
$565,000
Office buildings
1111 Corporate Ctr Dr Ste 202, Monterey Park, CA 91754-7658
Entity Owned
2-yr Hold
~
Est. High Equity
Property ID
US09-7813414
Property profile
Verified
Property type
Office buildings
Use group
OFFICE BUILDING
Year built
1992
Construction
WOOD
Total area
1,579 SF
Lot
3.69 ac (160,944 SF)
Zoning code
MPC2*
APN
5237-022-035
UPID
US09-7813414
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
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$550k
CAP Approach
CAP
$565k
Comparable Approach
Comparable
$755k
Blend (final)
Blend
$565k
Owner & transaction history
Drp Engineering INC · 2 yrs held
Drp Engineering INC
since 2023
Last sale
$568,005
7 recorded transactions
Zoning & alternative use
MPC2* · Monterey Park, CA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Auto repair, garage
$730,000
+19.5%
Medical building
$720,000
+17.4%
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
$605,000
ML approach
$550,000
CAP Approach
CAP Return
Estimation
6%
$615,000
6.5%
$565,000
7%
$525,000
Alternative Use
Use
Estimation
OFFICE BUILDING
$610,000
Current use
AUTO REPAIR, GARAGE
$730,000
Change: +19% · Conversion: Difficult
MEDICAL BUILDING
$720,000
Change: +17% · Conversion: Easy
RETAIL STORES
$605,000
Change: -1% · Conversion: Moderate
Blend value · Realmo final
$565k
Range $509k – $622k · ±10% · vs last sale $568k (Jul 3 2023)
Last sale anchor
$568k
Jul 3 2023
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
$358 / 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
$7,752
Tax year 2024
Assessed value
$568,000
Assessed 2024
Previous assessed
$568,000
+0.0% YoY
Effective rate
1.36%
On assessed value
Assessed land
$120,000
Assessed improvement
$448,000
Applied tax rate
12.0000
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
Status
Off-Market
Year built
1992
Construction
WOOD
Heating
NONE
Units
1
Total area
1,579 SF
Lot
3.69 ac (160,944 SF)
Zoning code
MPC2*
APN
5237-022-035
UPID
US09-7813414
Jurisdiction
LOS ANGELES
Metro division
LOS ANGELES-LONG BEACH-GLENDALE, CA METROPOLITAN DIVISION
Zoning & alternative use
MPC2* · Monterey Park, CA
Zoning MPC2* · permitted uses
MPC2* · 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
$610,000
AUTO REPAIR, GARAGE
Est. value
$730,000
MEDICAL BUILDING
Est. value
$720,000
RETAIL STORES
Est. value
$605,000
OFFICE BUILDING Current
AUTO REPAIR, GARAGE
MEDICAL BUILDING
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
1992
Construction
WOOD
Heating
NONE
Units
1
Lot
3.69 ac
Current owner
From public records · entity-resolved
Drp Engineering INC
Entity
Mailing address
1111 CORPORATE CTR DR STE #303, MONTEREY PARK, CA 91754-7673
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
2023
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
14 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jul 3, 2023
$568,000
Drp Engineering INC
Tin Jen Yen
Grant Deed
$284,000 · American Business Bank
Jul 3, 2023
—
Drp Engineering INC
—
Deed
related
$235,000 · So Cal Cdc
Feb 6, 2020
—
Tin Jen Yen
—
Deed
related
$250,000 · East West Bank
Nov 7, 2019
—
Tin Jen Yen
—
Deed
related
$532,000 · East West Bank
Jan 11, 2016
—
Yen,tin-jen & Krisno Y Trust
Yen,tin J
Quit Claim Deed
related
—
Jul 17, 2014
—
Tinjen Yen
Tinjen Yen
Intrafamily Transfer
related
$302,000 · U S Bank Trust Company National Ass
Sep 23, 2009
$350,000
Tin-jen Yen
Chu,david T & Tai-en
Grant Deed
$175,000 · East West Bank
Sep 23, 2009
—
Tin-jen Yen
Krisno,yanti
Grant Deed
related
—
Sep 29, 1999
$169,000
David T Chu
Lu,shun H & Shiu-y
Grant Deed
related
$100,000 · First Continental Bank
Feb 20, 1998
$180,000
Shun H Lu
Zhanf,wenquin
Grant Deed
related
—
Mar 2, 1994
$330,000
Beijing Xinggu Dev Co
Tsai,wu H
Grant Deed
related
—
—
—
Wenqin Zhang
—
Deed Of Trust
related
$150,000 · Individual
—
—
David Chu
—
Deed Of Trust
related
$750,000 · Cathay Bank
—
—
David T Chu
—
Deed Of Trust
related
$135,000 · Bank Of America
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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