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Property profile & analytics
FOR LEASE
Community centers
13321 Artesia Blvd Cerritos, CA 90703
Entity Owned
Absentee Owner
~
Est. High Equity
Property ID
US09-6318871
For Lease
1 / 11
$9,210,000
13321 Artesia Blvd, Cerritos, CA 90703
View Listing →
Property profile
Verified
Property type
Community centers
Use group
MINI-MALL
Year built
1970
Construction
TILT-UP CONCRETE
Total area
23,200 SF
Lot
2.13 ac (92,944 SF)
Zoning code
CECN
APN
7008-015-004
UPID
US09-6318871
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
by Request
CAP Approach
CAP
$8.46M
Comparable Approach
Comparable
$7.58M
Blend (final)
Blend
$9.21M
Owner & transaction history
Mzer Source LLC
Mzer Source LLC
since 2025
Last sale
$10.4M
7 recorded transactions
Zoning & alternative use
CECN · Cerritos, CA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Restaurant
$15.1M
+7.0%
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 Cerritos submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Cerritos 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%
$9,165,000
6.5%
$8,460,000
7%
$7,855,000
Alternative Use
Use
Estimation
NEIGHBORHOOD: SHOPPING CENTER
$14,120,000
Current use
RESTAURANT
$15,110,000
Change: +7% · Conversion: Difficult
Blend value · Realmo final
$9.21M
Range $8.29M – $10.13M · ±10% · vs last sale $10.40M (May 1 2025)
Last sale anchor
$10.40M
May 1 2025
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
$397 / 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
$40,039
Tax year 2024
Assessed value
$2,667,108
Assessed 2024
Previous assessed
$2,667,108
+0.0% YoY
Effective rate
1.50%
On assessed value
Assessed land
$2,099,037
Assessed improvement
$568,071
Applied tax rate
2.0000
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
Community centers
Use group
MINI-MALL
Status
For Lease
Year built
1970
Construction
TILT-UP CONCRETE
Heating
NONE
Stories
1
Total area
23,200 SF
Lot
2.13 ac (92,944 SF)
Zoning code
CECN
APN
7008-015-004
UPID
US09-6318871
Jurisdiction
LOS ANGELES
Metro division
LOS ANGELES-LONG BEACH-GLENDALE, CA METROPOLITAN DIVISION
Zoning & alternative use
CECN · Cerritos, CA
Zoning CECN · permitted uses
CECN · Cerritos, CA
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Cerritos. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
NEIGHBORHOOD: SHOPPING CENTER Current
Est. value
$14.1M
RESTAURANT
Est. value
$15.1M
NEIGHBORHOOD: SHOPPING CENTER Current
RESTAURANT
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
1970
Construction
TILT-UP CONCRETE
Heating
NONE
Stories
1
Lot
2.13 ac
Current owner
From public records · entity-resolved
Mzer Source LLC
Entity
Mailing address
2008 KANOLA RD, LA HABRA HEIGHTS, CA 90631-8222
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2025
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
11 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Aug 1, 2025
$10,400,000
Mzer Source LLC
Chi Ming Fan
Grant Deed
$9,000,000 · Gf Capital
Mar 28, 2019
—
Fan Family Trust
—
Deed
related
$2,900,000 · Bank Of The West
Jan 6, 2014
—
Fan Family Trust
Fan,chi-ming & Ru-yu
Quit Claim Deed
related
—
Nov 27, 2013
—
Chi-ming Fan
Fan,chi-ming
Quit Claim Deed
related
$2,360,000 · Bank Of The West
Feb 8, 2000
—
Chi-ming Fan
Fan,r
Quit Claim Deed
related
—
Feb 8, 2000
$1,770,500
Fan,chi-ming
Dsl Service Co
Trustees Deed
$1,220,125 · Downey S & L (wholesale)
Sep 22, 1989
$219,000
James L Roberts
Bryso
Grant Deed
$164,250 · Coast Federal Bank
Jul 8, 1971
$600,000
Dsl Service Co
—
Grant Deed
related
—
Mar 11, 1971
—
—
—
Grant Deed
related
—
—
—
Fan Family Trust
—
Deed Of Trust
related
$2,900,000 · Bank Of The West
—
—
Chi-ming Fan
—
Deed Of Trust
related
$1,600,000 · Bank Of The West
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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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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