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Property profile & analytics
OFF-MARKET
Estimated value
$755,000
Commercial land
2500 Davidson Dr Monterey Park, CA 91754-7608
Individually Owned
5-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US09-9093704
Property profile
Verified
Property type
Commercial land
Use group
VACANT COMMERCIAL LAND
Lot
0.93 ac (40,655 SF)
Zoning code
MPC2*
APN
5237-024-061
UPID
US09-9093704
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
$735k
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$755k
Owner & transaction history
Monterey Park Storage L P · 5 yrs held
Monterey Park Storage L P
since 2021
Last sale
$799,007
7 recorded transactions
Zoning & alternative use
MPC2* · Monterey Park, CA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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
$680,000
ML approach
$735,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Blend value · Realmo final
$755k
Range $680k – $831k · ±10% · vs last sale $799k (May 12 2021)
Last sale anchor
$799k
May 12 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
—
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
$10,935
Tax year 2024
Assessed value
$847,904
Assessed 2024
Previous assessed
$847,904
+0.0% YoY
Effective rate
1.29%
On assessed value
Assessed land
$847,904
Applied tax rate
12.0000
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
Commercial land
Use group
VACANT COMMERCIAL LAND
Status
Off-Market
Heating
NONE
Lot
0.93 ac (40,655 SF)
Zoning code
MPC2*
APN
5237-024-061
UPID
US09-9093704
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.
Building & site characteristics
From public records
Heating
NONE
Lot
0.93 ac
Current owner
From public records · entity-resolved
Monterey Park Storage L P
Individual
Mailing address
4607 MSN GORGE PL, SAN DIEGO, CA 92120-4133
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
15 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Feb 21, 2025
—
Monterey Park Storage LP
—
Deed
related
$12,700,000 · Terrence R Caster Family Trust
May 12, 2021
$799,000
Monterey Park Storage L P
Marshall Perry
Grant Deed
—
Jan 8, 2018
—
Marshall Perry
Perry,marshall
Quit Claim Deed
related
—
Jun 27, 2017
—
Marshall Perry
Perry,kofoworola J
Quit Claim Deed
related
—
Jun 27, 2017
$700,000
Marshall Perry
Wu,sheila T
Grant Deed
$306,750 · Sheila T Wu
Aug 24, 2012
—
Sheila T Wu
Wu,samuel S
Quit Claim Deed
related
—
Aug 24, 2012
$360,000
Sheila T Wu
Tsai,major & Fu C
Grant Deed
—
May 12, 2010
$20,000
Tsai
Wu,joyce C
Grant Deed
—
Mar 6, 1997
—
Tsai
Major,tsai LLC
Quit Claim Deed
related
—
Jan 12, 1993
$95,000
Sheila Tsai Et Al Wu
—
Grant Deed
related
—
Nov 9, 1992
—
Tsai Major M
—
Deed Of Trust
related
—
Nov 5, 1992
$46,000
Sheila T Wu
Tsai,david D
Grant Deed
—
Oct 21, 1992
—
C Al
—
Deed Of Trust
related
—
—
—
M T Tai
—
Deed Of Trust
related
$80,000 · Preferred Bank
—
—
Tsai M T
—
Deed Of Trust
related
$150,000 · Preferred Bank
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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