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Property profile & analytics
OFF-MARKET
Estimated value
$4,700,000
Parking lots & garages
1619 Mines Ave Montebello, CA 90640-5415
Entity Owned
5-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US10-0324874
Property profile
Verified
Property type
Parking lots & garages
Use group
PARKING LOT
Year built
1969
Construction
WOOD
Total area
10,000 SF
Lot
0.36 ac (15,894 SF)
Zoning code
MNM1*
APN
6353-001-003
UPID
US10-0324874
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
-
Naranjo Pallets Freight Service Logistics Company
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$4.67M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$4.70M
Owner & transaction history
Lux Equities LLC · 5 yrs held
Lux Equities LLC
since 2021
Last sale
$4.6M
4 recorded transactions
Zoning & alternative use
MNM1* · Montebello, CA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Source
code of ordinances
Top alternative use upside
Restaurant
$6.5M
+28.2%
Neighborhood: shopping center
$6.1M
+19.8%
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
$4,885,000
ML approach
$4,670,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
PARKING LOT
$5,080,000
Current use
RESTAURANT
$6,510,000
Change: +28% · Conversion: Difficult
NEIGHBORHOOD: SHOPPING CENTER
$6,085,000
Change: +20% · Conversion: Difficult
AUTO REPAIR, GARAGE
$4,625,000
Change: -9% · Conversion: Difficult
MEDICAL BUILDING
$4,545,000
Change: -11% · Conversion: Difficult
Blend value · Realmo final
$4.70M
Range $4.23M – $5.17M · ±10% · vs last sale $4.63M (Jan 21 2021)
Last sale anchor
$4.63M
Jan 21 2021
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
$470 / 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
$12,470
Tax year 2024
Assessed value
$865,944
Assessed 2024
Previous assessed
$865,944
+0.0% YoY
Effective rate
1.44%
On assessed value
Assessed land
$859,578
Assessed improvement
$6,366
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
Parking lots & garages
Use group
PARKING LOT
Status
Off-Market
Year built
1969
Construction
WOOD
Heating
NONE
Total area
10,000 SF
Lot
0.36 ac (15,894 SF)
Zoning code
MNM1*
APN
6353-001-003
UPID
US10-0324874
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
Alternative use value scenarios
Repositioning upside vs current use
PARKING LOT Current
Est. value
$5.1M
RESTAURANT
Est. value
$6.5M
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$6.1M
AUTO REPAIR, GARAGE
Est. value
$4.6M
MEDICAL BUILDING
Est. value
$4.5M
PARKING LOT Current
RESTAURANT
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
1969
Construction
WOOD
Heating
NONE
Lot
0.36 ac
Current owner
From public records · entity-resolved
Lux Equities LLC
Entity
Mailing address
2746 VAIL AVE, COMMERCE, CA 90040-2612
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2021
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
4 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jan 25, 2021
—
Lux Equities LLC
—
Deed
related
$1,932,000 · Business Finance Capital
Jan 21, 2021
$4,626,000
Lux Equities LLC
Rcb Equities 1 LLC
Grant Deed
$2,348,226 · Private Business Capital
Apr 16, 2020
$3,375,000
Rcb Equities 1 LLC
Grover Smith Mfg Corp
Grant Deed
—
Apr 19, 1967
$10,500
Grover Smith Mfg Corp
—
Grant 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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