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Property profile & analytics
FOR LEASE
Office buildings
119 S Atlantic Blvd Monterey Park, CA 91754
Individually Owned
4-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US09-7587723
For Lease
1 / 9
$3,560,000
119 S Atlantic Blvd, Monterey Park, CA 91754
View Listing →
Property profile
Verified
Property type
Office buildings
Use group
OFFICE BUILDING
Year built
1983
Construction
WOOD
Total area
12,846 SF
Lot
0.21 ac (9,234 SF)
Zoning code
MPSP*
APN
5261-014-024
UPID
US09-7587723
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
-
Ray Hellwig Law Office Law Firm
-
Marquez David Psychotherapist
-
ABC Tax Center Accounting Firm
-
Design For Restaurant Plus Inc Interior Design Home Decor Store
-
VIP Restroom Building Supply
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$3.62M
CAP Approach
CAP
$4.61M
Comparable Approach
Comparable
$3.12M
Blend (final)
Blend
$3.56M
Owner & transaction history
Terry Chu · 4 yrs held
Terry Chu
since 2021
Last sale
$3.5M
7 recorded transactions
Zoning & alternative use
MPSP* · Monterey Park, CA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Medical building
$5.8M
+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
$3,615,000
ML approach
$3,615,000
CAP Approach
CAP Return
Estimation
6%
$4,990,000
6.5%
$4,610,000
7%
$4,280,000
Alternative Use
Use
Estimation
OFFICE BUILDING
$4,975,000
Current use
MEDICAL BUILDING
$5,840,000
Change: +17% · Conversion: Easy
RETAIL STORES
$4,925,000
Change: -1% · Conversion: Moderate
Blend value · Realmo final
$3.56M
Range $3.20M – $3.92M · ±10% · vs last sale $3.50M (Aug 20 2021)
Last sale anchor
$3.50M
Aug 20 2021
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
$277 / 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
$50,024
Tax year 2024
Assessed value
$3,714,226
Assessed 2024
Previous assessed
$3,714,226
+0.0% YoY
Effective rate
1.35%
On assessed value
Assessed land
$1,945,194
Assessed improvement
$1,769,032
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
Status
For Lease
Year built
1983
Construction
WOOD
Heating
NONE
Stories
1
Total area
12,846 SF
Lot
0.21 ac (9,234 SF)
Zoning code
MPSP*
APN
5261-014-024
UPID
US09-7587723
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
OFFICE BUILDING Current
Est. value
$5.0M
MEDICAL BUILDING
Est. value
$5.8M
RETAIL STORES
Est. value
$4.9M
OFFICE BUILDING Current
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
1983
Construction
WOOD
Heating
NONE
Stories
1
Lot
0.21 ac
Current owner
From public records · entity-resolved
Terry Chu
Individual
Mailing address
680 LANGSDORF DR STE #205, FULLERTON, CA 92831-3702
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2021
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
15 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Aug 20, 2021
$30,000
Terry Chu
Terry Chu
Quit Claim Deed
related
—
Mar 24, 2021
$3,500,000
Royal Anchor Management LLC
Mermlk Holding LLC
Grant Deed
$2,100,000 · Cathay Bank
May 29, 2019
—
Mermik Holding LLC
Zoey Design LLC
Quit Claim Deed
$1,629,000 · Wells Fargo Bk
May 15, 2019
$2,716,000
Zoey Design LLC
Chub Key Holdings LLC
Grant Deed
$398,000 · California Statewide Certified Deve
Jul 6, 2018
—
Chub Key Holdings LLC
—
Deed
related
$1,345,000 · Preferred Bk
Apr 25, 2013
—
Chub Key Holdings LLC
Wong,glenn
Grant Deed
—
Feb 8, 2006
$2,395,000
Glenn Wong
Jmtk LLC
Grant Deed
$1,550,000 · Far East National Bank
May 18, 2005
—
J M T K LLC
Sensational Integrity Network Opera
Grant Deed
$1,150,000 · Shanghai Commercial Bank
Aug 31, 1999
$1,398,000
Sensational Integrity Network
Us China Travel Service INC
Grant Deed
$978,600 · First Continental Bank
Mar 31, 1992
$2,180,000
U S China Travel
Smith,clarence
Grant Deed
$1,500,000 · Cathay Bank
—
—
Zoey Design LLC
—
Deed Of Trust
related
$1,629,000 · Wells Fargo Bk
—
—
Glenn Wong
—
Deed Of Trust
related
—
—
—
Clarence E Smith
—
Deed Of Trust
related
$3,625,000 · Guardian Savings & Loan
—
—
Chub Key Holdings LLC
—
Deed Of Trust
related
$1,345,000 · Preferred Bank
—
—
Chub Key Holdings LLC
—
Loan Modification
related
$1,345,000 · Preferred Bk
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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