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Property profile & analytics
OFF-MARKET
Estimated value
$835,000
Apartment buildings
1581 College Vw Dr Monterey Park, CA 91754-5133
Entity Owned
Absentee Owner
Free & Clear
Property ID
US09-7587839
Property profile
Verified
Property type
Apartment buildings
Use group
APARTMENT HOUSE (5+ UNITS)
Year built
1960
Construction
WOOD
Total area
4,306 SF
Lot
0.19 ac (8,238 SF)
Zoning code
MPR3YY
APN
5252-028-029
UPID
US09-7587839
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
$1.07M
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$835k
Owner & transaction history
Fortune Key Investments LLC
Fortune Key Investments LLC
since 2026
7 recorded transactions
Zoning & alternative use
MPR3YY · Monterey Park, CA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Commercial (general)
$1.3M
+10.9%
Warehouse, storage
$1.3M
+5.5%
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
by Request
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
$1,155,000
6.5%
$1,065,000
7%
$990,000
Alternative Use
Use
Estimation
APARTMENT HOUSE (5+ UNITS)
$1,200,000
Current use
COMMERCIAL (GENERAL)
$1,330,000
Change: +11% · Conversion: Moderate
WAREHOUSE, STORAGE
$1,265,000
Change: +5% · Conversion: Difficult
Blend value · Realmo final
$835k
Range $752k – $919k · ±10%
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
$194 / 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
$17,590
Tax year 2024
Assessed value
$1,263,883
Assessed 2024
Previous assessed
$1,263,883
+0.0% YoY
Effective rate
1.39%
On assessed value
Assessed land
$830,661
Assessed improvement
$433,222
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
1960
Construction
WOOD
Heating
NONE
Cooling
YES
Units
5
Bathrooms
5
Total area
4,306 SF
Lot
0.19 ac (8,238 SF)
Zoning code
MPR3YY
APN
5252-028-029
UPID
US09-7587839
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.
Alternative use value scenarios
Repositioning upside vs current use
APARTMENT HOUSE (5+ UNITS) Current
Est. value
$1.2M
COMMERCIAL (GENERAL)
Est. value
$1.3M
WAREHOUSE, STORAGE
Est. value
$1.3M
APARTMENT HOUSE (5+ UNITS) Current
COMMERCIAL (GENERAL)
WAREHOUSE, STORAGE
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
1960
Construction
WOOD
Heating
NONE
Cooling
Yes
Units
5
Bathrooms
5
Lot
0.19 ac
Current owner
From public records · entity-resolved
Fortune Key Investments LLC
Entity
Free & Clear · 0 yrs held
Mailing address
495 LADERA ST, MONTEREY PARK, CA 91754-2130
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2026
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
13 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jan 16, 2026
—
Fortune Key Investments LLC
Xiaoyue Deng
Grant Deed
—
Dec 23, 2025
$1,570,000
Xiaoyue Deng
The Thomas R Meehan Living Trust
Grant Deed
$380,000 · Preferred Bank
Dec 29, 2015
—
Meehan,thomas R Living Trust
Meehan,thomas R JR
Quit Claim Deed
related
—
Jul 25, 2005
$943,000
Thomas R Meehan JR.
Wu,hai G
Grant Deed
—
Jul 25, 2005
—
Thomas R Meehan JR.
Meehan,mirian M
Quit Claim Deed
related
—
Apr 28, 2004
—
Hai G Wu
Shi,jun J
Grant Deed
related
—
Apr 8, 2004
$750,000
Jun J Shi
Chen,jianling & Xiaoning L
Grant Deed
$445,000 · United Commercial Bank
May 12, 2003
$650,000
Jianling Chen
Li,hofu & Yueling H
Grant Deed
related
$377,000 · Guaranty Bank California
May 21, 2002
—
Hofu Li
Lee,p K & F K
Grant Deed
related
—
Mar 29, 2002
$363,000
Hofu Li
Lee,pui K & Fung K
Grant Deed
$254,000 · United National Bank
Sep 30, 1994
$359,000
Pui K Lee
Higashi,masaharu & Shirley T
Grant Deed
$150,000 · World Savings & Loan
—
—
Jianling Chen
—
Deed Of Trust
related
$90,000 · Zhang Junlin
—
—
Jianling Chen
—
Deed Of Trust
related
$100,000 · Tao Jianping
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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