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Property profile & analytics
FOR SALE
Retail space
1405 W Olympic Blvd Montebello, CA 90640
Individually Owned
3-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US09-6277281
For Sale
1 / 9
$825,000
1405 W Olympic Blvd, Montebello, CA 90640
View Listing →
Property profile
Verified
Property type
Retail space
Use group
RETAIL STORES (PERSONAL SERVICES)
Year built
1950
Construction
WOOD
Total area
1,000 SF
Lot
0.06 ac (2,503 SF)
Zoning code
MNC2*
APN
6350-013-006
UPID
US09-6277281
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
-
Ezzi Signs Marketing & Advertising Advertising Agency
-
Paloim Car Towings (Bike/Boat/Book/etc) Store Auto Parts Store
-
GJ Signs (Bike/Boat/Book/etc) Store Printing Service
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$625k
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$436k
Blend (final)
Blend
$575k
Owner & transaction history
Greta J Bomgaars · 3 yrs held
Greta J Bomgaars
since 2023
Last sale
$635,006
7 recorded transactions
Zoning & alternative use
MNC2* · Montebello, CA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Neighborhood: shopping center
$610,000
+111.4%
Auto repair, garage
$465,000
+60.6%
Medical building
$455,000
+57.9%
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 Montebello submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Montebello 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
$540,000
ML approach
$625,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
NEIGHBORHOOD: SHOPPING CENTER
$610,000
Change: +111% · Conversion: Moderate
AUTO REPAIR, GARAGE
$465,000
Change: +61% · Conversion: Difficult
MEDICAL BUILDING
$455,000
Change: +58% · Conversion: Difficult
Blend value · Realmo final
$575k
Range $518k – $633k · ±10% · vs last sale $635k (Mar 8 2023)
Last sale anchor
$635k
Mar 8 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
$575 / 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
$5,206
Tax year 2024
Assessed value
$357,000
Assessed 2024
Previous assessed
$357,000
+0.0% YoY
Effective rate
1.46%
On assessed value
Assessed land
$214,200
Assessed improvement
$142,800
Applied tax rate
6.0000
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
Retail space
Use group
RETAIL STORES (PERSONAL SERVICES)
Status
For Sale
Year built
1950
Construction
WOOD
Heating
NONE
Stories
1
Total area
1,000 SF
Lot
0.06 ac (2,503 SF)
Zoning code
MNC2*
APN
6350-013-006
UPID
US09-6277281
Jurisdiction
LOS ANGELES
Metro division
LOS ANGELES-LONG BEACH-GLENDALE, CA METROPOLITAN DIVISION
Zoning & alternative use
MNC2* · Montebello, CA
Zoning MNC2* · permitted uses
MNC2* · Montebello, CA
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Montebello. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$610,000
AUTO REPAIR, GARAGE
Est. value
$465,000
MEDICAL BUILDING
Est. value
$455,000
NEIGHBORHOOD: SHOPPING CENTER
AUTO REPAIR, GARAGE
MEDICAL BUILDING
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
1950
Construction
WOOD
Heating
NONE
Stories
1
Lot
0.06 ac
Current owner
From public records · entity-resolved
Greta J Bomgaars
Individual
Mailing address
11020 BERTHA PL, CERRITOS, CA 90703-6460
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
10 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Mar 8, 2023
$635,000
Greta J Bomgaars
Jose Almanza
Grant Deed
—
Jul 5, 2018
—
Jose Almanza
—
Deed
related
$50,600 · Tatsui John Trust (pt)
Oct 12, 2016
—
Jose Almanza
Mejia-rodriguez,maria E
Quit Claim Deed
related
$290,000 · Private Individual
Sep 30, 2011
—
Jose E Rivera
Rivera,yanis E
Quit Claim Deed
related
—
Sep 30, 2011
$195,000
Jose E Rivera
Sanchez,bonifacio & Edelmira
Grant Deed
$80,000 · Puskin Irvin & G Fam Trust
May 9, 1990
$160,000
Sanchez Bonifaco
Franco Victor M
Grant Deed
$110,000 · Rightwood Escrow
—
—
Bonifacio Sanchez
—
Deed Of Trust
related
$27,000 · Reyes J Alvarez
—
—
Jose E Rivera
—
Deed Of Trust
related
$190,000 · Seaton Trust (rt)
—
—
Jose E Rivera
—
Deed Of Trust
related
$5,000 · Edelmira Sanchez
—
—
Jose Almanza
—
Deed Of Trust
related
$50,600 · Tatsui John Trust (pt)
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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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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