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Property profile & analytics
OFF-MARKET
Estimated value
$665,000
Distribution centers
1615 Mines Ave Montebello, CA 90640-5450
Individually Owned
7-yr Hold
~
Est. High Equity
Property ID
US09-7867018
Property profile
Verified
Property type
Distribution centers
Use group
DISTRIBUTION WAREHOUSE
Year built
1973
Construction
WOOD
Total area
23,200 SF
Lot
1.54 ac (66,884 SF)
Zoning code
MNM1*
APN
6353-001-021
UPID
US09-7867018
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
-
CATER DEPOT WAREHOUSE (formerly Cater Needs) Auto Parts Store
-
Usa-Mex Big Box & Wholesale Store
-
A & J Produce Meat Co Take-out & Catering Butcher
-
Machinery Depot Industrial Manufacturer
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$665k
Owner & transaction history
Zarik Menassian · 7 yrs held
Zarik Menassian
since 2018
7 recorded transactions
Zoning & alternative use
MNM1* · Montebello, CA
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
by Request
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Blend value · Realmo final
$665k
Range $599k – $732k · ±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
$29 / 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
$16,485
Tax year 2024
Assessed value
$836,169
Assessed 2024
Previous assessed
$836,169
+0.0% YoY
Effective rate
1.97%
On assessed value
Assessed land
$226,389
Assessed improvement
$609,780
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
Distribution centers
Use group
DISTRIBUTION WAREHOUSE
Status
Off-Market
Year built
1973
Construction
WOOD
Heating
NONE
Buildings
3
Stories
1
Total area
23,200 SF
Lot
1.54 ac (66,884 SF)
Zoning code
MNM1*
APN
6353-001-021
UPID
US09-7867018
Jurisdiction
LOS ANGELES
Metro division
LOS ANGELES-LONG BEACH-GLENDALE, CA METROPOLITAN DIVISION
Zoning & alternative use
MNM1* · Montebello, CAZoning MNM1* · permitted uses
MNM1* · Montebello, CA
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Source
code of ordinances
Building & site characteristics
From public records
Year built
1973
Construction
WOOD
Heating
NONE
Stories
1
Buildings
3
Lot
1.54 ac
Current owner
From public records · entity-resolved
Zarik Menassian
Individual
Mailing address
1615 W MINES AVE, MONTEBELLO, CA 90640-5450
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
2018
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
Nov 19, 2018
—
Zarik Menassian
Menassian Living Trust
Quit Claim Deed
related
—
May 8, 2012
—
Menassian Living Trust
Menassian,zarik & Juliette
Quit Claim Deed
related
—
Jan 4, 2006
—
Zarik Menassian
Menassian,zarik & Julitte
Quit Claim Deed
related
$1,000,000 · Bank Of The West
May 21, 1999
$270,000
Zarek Menassian
Gregg Trust
Grant Deed
$170,000 · Thompson Trust
Jan 17, 1989
—
Zarik Menassian
—
Deed Of Trust
related
—
—
—
Zarik Menassian
—
Deed Of Trust
related
$850,000 · First Fidelity Thrift & Loan
—
—
Zarik Menassian
—
Deed Of Trust
related
$270,000 · Katz Trust
—
—
Menassian Zarik
—
Deed Of Trust
related
$250,000 · Bank Hapoalim
—
—
Zarik Menassian
—
Deed Of Trust
related
$500,000 · Bank Of The West
—
—
Zarik Menassian
—
Deed Of Trust
related
$500,000 · 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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