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Property profile & analytics
OFF-MARKET
Estimated value
$11,980,000
Community centers
2150 Atlantic Blvd Monterey Park, CA 91754-6839
Entity Owned
9-yr Hold
~
Est. High Equity
Property ID
US09-8749261
Property profile
Verified
Property type
Community centers
Use group
MINI-MALL
Year built
1992
Construction
TILT-UP CONCRETE
Total area
26,630 SF
Lot
4.99 ac (217,184 SF)
Zoning code
MPC2*
APN
5266-003-035
UPID
US09-8749261
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
-
Amazon Locker - Cardais Postal Service Courier Service
-
Han's Beauty Hair Salon Nail Salon
-
Coinhub Bitcoin ATM Teller Atm
-
MN Gate Repair & Automatic Gate Service General Contractor Construction Company
-
Atlantic Dumpster Rental Monterey Park General Contractor Waste Management Facility
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$9.71M
Comparable Approach
Comparable
$12.08M
Blend (final)
Blend
$11.98M
Owner & transaction history
Atlantic Square LLC · 9 yrs held
Atlantic Square LLC
since 2016
5 recorded transactions
Zoning & alternative use
MPC2* · Monterey Park, CA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Restaurant
$17.3M
+7.0%
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%
$10,520,000
6.5%
$9,710,000
7%
$9,020,000
Alternative Use
Use
Estimation
NEIGHBORHOOD: SHOPPING CENTER
$16,205,000
Current use
RESTAURANT
$17,340,000
Change: +7% · Conversion: Difficult
Blend value · Realmo final
$11.98M
Range $10.78M – $13.18M · ±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
$450 / 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
$161,889
Tax year 2024
Assessed value
$11,404,197
Assessed 2024
Previous assessed
$11,404,197
+0.0% YoY
Effective rate
1.42%
On assessed value
Assessed land
$5,136,838
Assessed improvement
$6,267,359
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
Community centers
Use group
MINI-MALL
Status
Off-Market
Year built
1992
Construction
TILT-UP CONCRETE
Heating
NONE
Cooling
YES
Buildings
4
Stories
1
Units
16
Total area
26,630 SF
Lot
4.99 ac (217,184 SF)
Zoning code
MPC2*
APN
5266-003-035
UPID
US09-8749261
Jurisdiction
LOS ANGELES
Metro division
LOS ANGELES-LONG BEACH-GLENDALE, CA METROPOLITAN DIVISION
Zoning & alternative use
MPC2* · Monterey Park, CA
Zoning MPC2* · permitted uses
MPC2* · 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
NEIGHBORHOOD: SHOPPING CENTER Current
Est. value
$16.2M
RESTAURANT
Est. value
$17.3M
NEIGHBORHOOD: SHOPPING CENTER Current
RESTAURANT
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
1992
Construction
TILT-UP CONCRETE
Heating
NONE
Cooling
Yes
Stories
1
Buildings
4
Units
16
Lot
4.99 ac
Current owner
From public records · entity-resolved
Atlantic Square LLC
Entity
Mailing address
PO BOX 847, CARLSBAD, CA 92018-0847
Ownership since
2016
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
5 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Oct 11, 2016
—
Atlantic Square LLC
Trc Mm LLC
Quit Claim Deed
$65,000,000 · Miscellaneous Ins Co
Aug 14, 2001
—
Gms Five LLC
—
Deed Of Trust
related
$90,400,000 · Massachusetts Mutual Life Ins
Sep 30, 1996
$33,850,000
Gms Realty
—
Grant Deed
related
—
—
—
Trc Mm LLC
—
Loan Modification
related
$200,000,000 · Miscellaneous Ins Co
—
—
Trc Mm LLC
—
Loan Modification
related
$200,000,000 · Miscellaneous Ins Co
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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