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Property profile & analytics
OFF-MARKET
Estimated value
$550,000
Apartment buildings
1491 College Vw Dr Monterey Park, CA 91754-6139
Individually Owned
3-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US09-7588077
Property profile
Verified
Property type
Apartment buildings
Use group
APARTMENT HOUSE (5+ UNITS)
Year built
1961
Construction
WOOD
Total area
4,852 SF
Lot
0.18 ac (7,763 SF)
Zoning code
MPR3YY
APN
5253-033-038
UPID
US09-7588077
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
$550k
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$550k
Owner & transaction history
Nikola Ignjatovic · 3 yrs held
Nikola Ignjatovic
since 2023
Last sale
$558,000
6 recorded transactions
Zoning & alternative use
MPR3YY · 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
Method
Estimation
Statistic approach
$535,000
ML approach
$550,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Blend value · Realmo final
$550k
Range $495k – $605k · ±10% · vs last sale $558k (Jun 30 2023)
Last sale anchor
$558k
Jun 30 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
$113 / 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
$11,871
Tax year 2024
Assessed value
$792,816
Assessed 2024
Previous assessed
$792,816
+0.0% YoY
Effective rate
1.50%
On assessed value
Assessed land
$220,078
Assessed improvement
$572,738
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
1961
Construction
WOOD
Heating
NONE
Cooling
YES
Units
6
Bathrooms
8
Total area
4,852 SF
Lot
0.18 ac (7,763 SF)
Zoning code
MPR3YY
APN
5253-033-038
UPID
US09-7588077
Jurisdiction
LOS ANGELES
Metro division
LOS ANGELES-LONG BEACH-GLENDALE, CA METROPOLITAN DIVISION
Zoning & alternative use
MPR3YY · Monterey Park, CA
Zoning MPR3YY · permitted uses
MPR3YY · 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
1961
Construction
WOOD
Heating
NONE
Cooling
Yes
Units
6
Bathrooms
8
Lot
0.18 ac
Current owner
From public records · entity-resolved
Nikola Ignjatovic
Individual
Mailing address
845 PENN ST, EL SEGUNDO, CA 90245-2513
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
Jun 30, 2023
—
Nikola Ignjatovic
Nikola Ignjatovic
Intrafamily Transfer
related
—
Mar 30, 2021
—
Nikola Lgnjatovic
—
Deed
related
$990,000 · Jpmorgan Chase Bank NA
Oct 31, 2017
—
Nikola Ignjatovic
Nikola Ignjatovic
Correction Deed
related
$955,000 · Jpmorgan Chase Bank NA
Aug 30, 2012
—
Nikola Ignjatovic
Nikola Ignjatovic
Intrafamily Transfer
related
$682,500 · Jpmorgan Chase Bank NA
Jul 11, 2002
$558,000
Nikola Ignjatovic
Wong Trust
Grant Deed
$418,500 · East West Bank
Jul 11, 2002
—
N Ignjatovic
Buric-ignjatovic,d
Quit Claim Deed
related
—
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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