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Property profile & analytics
OFF-MARKET
Estimated value
$1,195,000
Parking lots & garages
1255 Corporate Ctr Dr Monterey Park, CA 91754-7609
Entity Owned
9-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US09-8546913
Property profile
Verified
Property type
Parking lots & garages
Use group
PARKING LOT
Year built
1983
Total area
37,260 SF
Lot
4.09 ac (178,066 SF)
Zoning code
MPC2*
APN
5237-024-017
UPID
US09-8546913
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
-
PTV Network Television Studio Media Distribution
-
Finseck Contrainer Services General Contractor Waste Management Facility
-
H. Salt Fish & Chips Corporate Corporate Office
-
Los Angeles County Fire Department - Professional Performance Section County Government Office
-
California Org Police-Sheriffs Police Department
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$1.20M
Owner & transaction history
Omninet Lacc LLC · 9 yrs held
Omninet Lacc LLC
since 2017
7 recorded transactions
Zoning & alternative use
MPC2* · 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
CAP Approach
Comparable Approach
Alternative Use
Get a detailed, property-specific estimation — fast and free
Price per SF
Sale + rent benchmarks
Subject property
$32 / 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
$39,557
Tax year 2024
Assessed value
$2,730,786
Assessed 2024
Previous assessed
$2,730,786
+0.0% YoY
Effective rate
1.45%
On assessed value
Assessed land
$2,673,897
Assessed improvement
$56,889
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
Parking lots & garages
Use group
PARKING LOT
Status
Off-Market
Year built
1983
Heating
NONE
Total area
37,260 SF
Lot
4.09 ac (178,066 SF)
Zoning code
MPC2*
APN
5237-024-017
UPID
US09-8546913
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.
Building & site characteristics
From public records
Year built
1983
Heating
NONE
Lot
4.09 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
9 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
—
Los Angeles Corporate Center LLC
Arden Realty LP
Grant Deed
$860,000,000 · Wachovia Bank NA
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
—
—
—
Yuancon Office P
—
Deed Of Trust
related
$810,000 · First Central 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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