Add Listing
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    222 Ramona Ave Monterey Park, CA 91754-2825
    Back to Search
    Property profile & analytics

    222 Ramona Ave, Monterey Park, CA 91754-2825

    View on Map
    • Apartment buildings
    • 5,654 SF
    • 0.44 lot acres
    Off-Market
    Last Sale Jan 27, 2022
    Property ID
    US09-8645088
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.
    Value Estimations
    $1,065,000
    Show details
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Apartment buildings

    Property Details for 222 Ramona Ave

    Year built
    1959
    Construction
    WOOD
    Lot size
    0.44 lot acres
    Zone code
    MPR3YY
    Property type
    Apartment buildings
    APN
    5257-013-012
    APU
    5257013012

    Sales History

    Date Price Buyer Seller Deed Type Mortgage
    Jan 27, 2022 — Kenneth Murray Kenneth Murray Intrafamily Transfer · related —
    Oct 22, 2021 — Kenneth Murray Raymond G Murray Affidavit Death Of Trustee/successor Trustee · related —
    May 13, 2014 — Murray Family Trust Murray Living Trust Quit Claim Deed · related —
    Apr 30, 2014 — Kenneth Murray Murray,raymond G Affidavit Of Death · related —

    Value Estimations

    based on Realmo’s proprietary methodology

    • CAP approach

      CAP Return
      Estimation
      6%
      $1,515,000
      6.5%
      $1,400,000
      7%
      $1,300,000

    • Alternative Use

      Use
      Estimation
      APARTMENT HOUSE (5+ UNITS)
      $1,575,000
      Current use
      COMMERCIAL (GENERAL)
      $1,745,000
      Change: +11% Conversion: Moderate

    Get a detailed, property-specific estimation — fast and free

    Location Insight

    • Map
    • Local Demand
    City
    Monterey Park
    County
    Los Angeles
    State
    California
    Longitude
    -118.125
    Latitude
    34.0605
    CBSA code
    31080
    CBSA name
    LOS ANGELES-LONG BEACH-ANAHEIM, CA METROPOLITAN STATISTICAL AREA

    Property Tax & Assessments

    Tax date
    Tax Amount
    Assessed Land Value
    Assessed Improvement Value
    Total Assessed Value
    Applied Tax Rate
    Land Market Value
    Improvement Market Value
    Total Market Value
    2024
    $28,012
    $1,294,673
    $742,845
    $2,037,518
    -
    $0.00
    $0.00
    $0.00

    Comparable in this City

    • Value Estimation
      $1,460,000
      10,622 SF

      218 Hellman Ave

      APARTMENT HOUSE (5+ UNITS)
      218 Hellman Ave, Monterey Park, CA 91754
      View Details
    • Value Estimation
      $2,905,000
      21,932 SF

      2425 Hendricks Ave

      APARTMENT HOUSE (5+ UNITS)
      2425 Hendricks Ave, Monterey Park, CA 91754-7025
      View Details
    • Value Estimation
      $820,000
      5,334 SF

      528 Moore Ave

      APARTMENT HOUSE (5+ UNITS)
      528 Moore Ave, Monterey Park, CA 91754-7707
      View Details
    • Value Estimation
      $2,100,000
      15,887 SF

      720 Newmark Ave

      APARTMENT HOUSE (5+ UNITS)
      720 Newmark Ave, Monterey Park, CA 91754-2769
      View Details
    • Value Estimation
      $840,000
      4,566 SF

      423 Chandler Ave

      APARTMENT HOUSE (5+ UNITS)
      423 Chandler Ave, Monterey Park, CA 91754-7719
      View Details
    • Value Estimation
      $1,825,000
      16,065 SF

      1191 College Vw Dr

      APARTMENT HOUSE (5+ UNITS)
      1191 College Vw Dr, Monterey Park, CA 91754-6253
      View Details

    Similar Nearby for Sale

    • Contact for pricing

      Monterey Park Multifamily Investment

      40-unit multifamily property in Monterey Park, California, with 6.70% CAP.
      701 S Garfield Ave, Monterey Park, CA 91754
      View Details
    • $1,180,000
      2,163 SF

      Monterey Park Duplex Opportunity

      Desirable duplex in Monterey Park with convenient access to freeways.
      2354 Schoolside Ave, Monterey Park, CA 91754
      View Details
    • $7,500,000
      27,302 SF

      Monterey Park Industrial Property

      Industrial property available for sale in Monterey Park, CA.
      708-710 Monterey Pass Rd, Monterey Park, CA 91754
      View Details

    Similar Nearby for Lease

    • $3,983 /Mo
      1,138 SF

      Retail Space in Atlantic Times Square

      Retail space for lease in Monterey Park's premier plaza.
      500 N Atlantic Blvd, Monterey Park, CA 91754
      View Details
    • $7,104 /Mo
      2,368 SF

      Retail Space in Atlantic Times Square

      Retail space for lease in Monterey Park's premier shopping center.
      500 N Atlantic Blvd Blvd, Monterey Park, CA 91754
      View Details
    • Contact for pricing

      Fully Leased Office Building

      Office building in Monterey Park, CA, currently 100% leased.
      735 W Emerson Ave, Monterey Park, CA 91754
      View Details
    • Contact for pricing
      3,054 SF

      Industrial Property in Monterey Park

      100% leased industrial building in Monterey Park, California.
      2540 Corporate Pl, Monterey Park, CA 91754
      View Details
    • Contact for pricing

      Monterey Park Office Building

      Fully leased office building in Monterey Park, California.
      1455-1485 Monterey Pass Rd, Monterey Park, CA 91754
      View Details
    • $12,039 /Mo
      3,048 SF

      Restaurant Space in Atlantic Times Square

      Fully equipped restaurant space in a high-traffic, mixed-use development.
      500 N Atlantic Ave, Monterey Park, CA 91754
      View Details
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    222 Ramona Ave
    Monterey Park, CA 91754-2825
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Thank You for Inquiry
    222 Ramona Ave, Monterey Park, CA, 91754
    letter with green check mark
    Check your email
    We sent you the
    agent's contact details. yellow underline
    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!