Property profile & analytics
300 Atlantic Blvd Monterey Park, CA 91754-3250
- Office buildings
- 8,284 SF
- 0.51 lot acres
OFF-MARKET
Value Estimations
$3,135,000
Show details
Cap Rate Potential
Location Intelligence
Property ID
US09-8550453
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.
Current Use by Public Records
- Fox Electric Technologies / Electrical Service / General Contractor
- Derma Plus Skin Care / Hair Salon / Nail Salon
- Uki Hair Studio / Hair Salon
- Wes L. Lai, Lac / Medical Clinic / Alternative Medicine Practice
- TCM herbal Store 同濟堂中醫診所中藥店 / Alternative Medicine Practice / Acupuncture
Property Details for 300 Atlantic Blvd
- Year built
- 1976
- Construction
- WOOD
- Lot size
- 0.51 lot acres
- Property size
- 8,284 SF
- Zone code
- MPC2*
- Property type
- Office buildings
- APN
- 5257-002-052
- APU
- 5257002052
Description
This prime Monterey Park commercial property, located at 300 S Atlantic Blvd, presents a compelling investment opportunity. The 8,284 square foot building, constructed in 1976 and extensively renovated in 2023, is a two-story structure zoned MPC2. Currently operating as a multi-tenant retail space encompassing a convenience store, grocery store, and pharmacy/drug store, it enjoys an occupancy rate exceeding 85%. The property benefits from a highly visible corner location at the intersection of S. Atlantic Blvd. and W. Newmark Ave., ensuring significant foot and vehicle traffic. Ample parking is provided with 32 spaces in the rear lot, supplemented by four detached garages. The asking price is $4,200,000, representing a strong return on investment given the high occupancy and prime location. This owner/user opportunity offers significant upside potential for rental revenue growth. The property's convenient street-front access and substantial parking make it an attractive proposition for a variety of retail businesses and investors. The Los Angeles County property (APN 5257002052) is situated in the 91754 zip code.
Value Estimations
based on Realmo’s proprietary methodology
-
CAP approach
- CAP Return
- Estimation
- 6%
- $3,220,000
- 6.5%
- $2,970,000
- 7%
- $2,760,000
-
Comparable approach
- Method
- Estimation
- Statistic Estimate
- $3,960,000
- AI Estimate
- $2,472,000
Market price range: $1.89M - $3.96MMarket price range: $716k - $3.09M -
Alternative Use
- Use
- Estimation
- OFFICE BUILDING
- $3,205,000 Current use
- NEIGHBORHOOD: SHOPPING CENTER
- $5,040,000 Change: +57% Conversion: Difficult
- AUTO REPAIR, GARAGE
- $3,830,000 Change: +19% Conversion: Difficult
- MEDICAL BUILDING
- $3,765,000 Change: +17% Conversion: Easy
- RETAIL STORES
- $3,175,000 Change: -1% Conversion: Moderate
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Location Insight
- Map
- Local Demand
- City
- Monterey Park
- County
- Los Angeles
- State
- California
- Longitude
- -118.133
- Latitude
- 34.0595
- 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
$39,740
$2,447,988
$499,293
$2,947,281
-
$0.00
$0.00
$0.00
