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Property profile & analytics
OFF-MARKET
Estimated value
$2,170,000
Apartment buildings
131 Chandler Ave Monterey Park, CA 91754-2735
Entity Owned
3-yr Hold
Absentee Owner
Free & Clear
Property ID
US09-8550449
Property profile
Verified
Property type
Apartment buildings
Use group
APARTMENT HOUSE (5+ UNITS)
Year built
1976
Construction
WOOD
Total area
5,745 SF
Lot
0.23 ac (9,847 SF)
Zoning code
MPR3*
APN
5257-001-013
UPID
US09-8550449
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
$2.15M
CAP Approach
CAP
$1.42M
Comparable Approach
Comparable
$2.13M
Blend (final)
Blend
$2.17M
Owner & transaction history
Kc Land Investment LLC · 3 yrs held
Kc Land Investment LLC
since 2023
Last sale
$2.2M
6 recorded transactions
Zoning & alternative use
MPR3* · Monterey Park, CA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Neighborhood: shopping center
$3.5M
+118.4%
Auto repair, garage
$2.7M
+66.0%
Medical building
$2.6M
+63.2%
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
$2,130,000
ML approach
$2,145,000
CAP Approach
CAP Return
Estimation
6%
$1,540,000
6.5%
$1,420,000
7%
$1,320,000
Alternative Use
Use
Estimation
APARTMENT HOUSE (5+ UNITS)
$1,600,000
Current use
NEIGHBORHOOD: SHOPPING CENTER
$3,495,000
Change: +118% · Conversion: Difficult
AUTO REPAIR, GARAGE
$2,655,000
Change: +66% · Conversion: Difficult
MEDICAL BUILDING
$2,610,000
Change: +63% · Conversion: Moderate
OFFICE BUILDING
$2,225,000
Change: +39% · Conversion: Moderate
RETAIL STORES
$2,200,000
Change: +38% · Conversion: Difficult
COMMERCIAL (GENERAL)
$1,775,000
Change: +11% · Conversion: Moderate
Blend value · Realmo final
$2.17M
Range $1.95M – $2.39M · ±10% · vs last sale $2.23M (Apr 27 2023)
Last sale anchor
$2.23M
Apr 27 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
$378 / 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
$30,520
Tax year 2024
Assessed value
$2,272,560
Assessed 2024
Previous assessed
$2,272,560
+0.0% YoY
Effective rate
1.34%
On assessed value
Assessed land
$1,252,560
Assessed improvement
$1,020,000
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
Apartment buildings
Use group
APARTMENT HOUSE (5+ UNITS)
Status
Off-Market
Year built
1976
Construction
WOOD
Heating
NONE
Cooling
YES
Units
5
Bathrooms
10
Total area
5,745 SF
Lot
0.23 ac (9,847 SF)
Zoning code
MPR3*
APN
5257-001-013
UPID
US09-8550449
Jurisdiction
LOS ANGELES
Metro division
LOS ANGELES-LONG BEACH-GLENDALE, CA METROPOLITAN DIVISION
Zoning & alternative use
MPR3* · Monterey Park, CA
Zoning MPR3* · permitted uses
MPR3* · 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
APARTMENT HOUSE (5+ UNITS) Current
Est. value
$1.6M
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$3.5M
AUTO REPAIR, GARAGE
Est. value
$2.7M
MEDICAL BUILDING
Est. value
$2.6M
OFFICE BUILDING
Est. value
$2.2M
RETAIL STORES
Est. value
$2.2M
COMMERCIAL (GENERAL)
Est. value
$1.8M
APARTMENT HOUSE (5+ UNITS) Current
NEIGHBORHOOD: SHOPPING CENTER
AUTO REPAIR, GARAGE
MEDICAL BUILDING
OFFICE BUILDING
RETAIL STORES
COMMERCIAL (GENERAL)
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
1976
Construction
WOOD
Heating
NONE
Cooling
Yes
Units
5
Bathrooms
10
Lot
0.23 ac
Current owner
From public records · entity-resolved
Kc Land Investment LLC
Entity
Free & Clear · 3 yrs held
Mailing address
1203 INSPIRATION PT, WEST COVINA, CA 91791-3782
Mailing matches property
Different — outreach signal
Owner-occupied
No
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
6 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Apr 27, 2023
$2,228,000
Kc Land Investment LLC
Martin Loo
Grant Deed
—
Aug 8, 2018
—
Loo,augustin W Family Trust
Wong,augustine
Quit Claim Deed
related
—
May 20, 2009
—
Lun Luisa C C Family Trust
Lun,luisa C C
Quit Claim Deed
related
—
Jan 28, 2009
—
Loo V & M J Family Trust
Loo,valentin & Mui J Y D
Quit Claim Deed
related
—
Jan 10, 2008
—
Luisa C C Lun
Lun,pak Y
Affidavit Of Death
related
—
—
—
Luisa C Lun
—
Deed Of Trust
related
$260,000 · Standard Federal 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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