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Property profile & analytics
OFF-MARKET
Estimated value
$1,315,000
Apartment buildings
342 Newmark Ave Monterey Park, CA 91755-2962
Individually Owned
3-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US09-8550470
Property profile
Verified
Property type
Apartment buildings
Use group
APARTMENT HOUSE (5+ UNITS)
Year built
1955
Construction
WOOD
Total area
3,207 SF
Lot
0.32 ac (13,841 SF)
Zoning code
MPR2*
APN
5259-003-050
UPID
US09-8550470
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
$1.33M
CAP Approach
CAP
$795k
Comparable Approach
Comparable
$1.13M
Blend (final)
Blend
$1.32M
Owner & transaction history
Cora Yuen Chu · 3 yrs held
Cora Yuen Chu
since 2022
Last sale
$1.6M
7 recorded transactions
Zoning & alternative use
MPR2* · Monterey Park, CA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Neighborhood: shopping center
$2.0M
+113.8%
Auto repair, garage
$1.5M
+62.5%
Medical building
$1.5M
+59.7%
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
$1,360,000
ML approach
$1,325,000
CAP Approach
CAP Return
Estimation
6%
$860,000
6.5%
$795,000
7%
$735,000
Alternative Use
Use
Estimation
APARTMENT HOUSE (5+ UNITS)
$915,000
Current use
NEIGHBORHOOD: SHOPPING CENTER
$1,950,000
Change: +114% · Conversion: Difficult
AUTO REPAIR, GARAGE
$1,485,000
Change: +62% · Conversion: Difficult
MEDICAL BUILDING
$1,460,000
Change: +60% · Conversion: Moderate
RETAIL STORES
$1,230,000
Change: +35% · Conversion: Difficult
OFFICE BUILDING
$1,215,000
Change: +33% · Conversion: Moderate
COMMERCIAL (GENERAL)
$990,000
Change: +9% · Conversion: Moderate
WAREHOUSE, STORAGE
$940,000
Change: +3% · Conversion: Difficult
Blend value · Realmo final
$1.32M
Range $1.18M – $1.45M · ±10% · vs last sale $1.65M (Nov 1 2022)
Last sale anchor
$1.65M
Nov 1 2022
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
$410 / 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
$23,337
Tax year 2024
Assessed value
$1,711,458
Assessed 2024
Previous assessed
$1,711,458
+0.0% YoY
Effective rate
1.36%
On assessed value
Assessed land
$1,087,218
Assessed improvement
$624,240
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
Apartment buildings
Use group
APARTMENT HOUSE (5+ UNITS)
Status
Off-Market
Year built
1955
Construction
WOOD
Heating
CENTRAL
Cooling
YES
Buildings
3
Units
5
Bathrooms
2
Total area
3,207 SF
Lot
0.32 ac (13,841 SF)
Zoning code
MPR2*
APN
5259-003-050
UPID
US09-8550470
Jurisdiction
LOS ANGELES
Metro division
LOS ANGELES-LONG BEACH-GLENDALE, CA METROPOLITAN DIVISION
Zoning & alternative use
MPR2* · Monterey Park, CA
Zoning MPR2* · permitted uses
MPR2* · 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
APARTMENT HOUSE (5+ UNITS) Current
Est. value
$915,000
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$2.0M
AUTO REPAIR, GARAGE
Est. value
$1.5M
MEDICAL BUILDING
Est. value
$1.5M
RETAIL STORES
Est. value
$1.2M
OFFICE BUILDING
Est. value
$1.2M
COMMERCIAL (GENERAL)
Est. value
$990,000
WAREHOUSE, STORAGE
Est. value
$940,000
APARTMENT HOUSE (5+ UNITS) Current
NEIGHBORHOOD: SHOPPING CENTER
AUTO REPAIR, GARAGE
MEDICAL BUILDING
RETAIL STORES
OFFICE BUILDING
COMMERCIAL (GENERAL)
WAREHOUSE, STORAGE
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
1955
Construction
WOOD
Heating
CENTRAL
Cooling
Yes
Buildings
3
Units
5
Bathrooms
2
Lot
0.32 ac
Current owner
From public records · entity-resolved
Cora Yuen Chu
Individual
Mailing address
916 BARCELONA PL, WALNUT, CA 91789-4345
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2022
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
11 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jan 16, 2025
—
Cora Yuen Chu
—
Deed
related
$1,260,000 · First Commercial Bank USA
Nov 1, 2022
—
Cora Yuen Chu
Cora Yuen Chu
Intrafamily Transfer
related
—
May 19, 2022
—
Cora Yuen Chu
—
Deed
related
$1,069,250 · East West Bank
Mar 25, 2022
$1,645,000
Cora Yuen Chu
Nancy Y Yu
Grant Deed
$1,100,000 · Muqing Li
Mar 25, 2022
—
Nancy Y Yu
Paul Shiu Pang Ma
Affidavit Death Of Trustee/successor Trustee
—
Sep 23, 1994
—
Ma,paul S & Jean L Trustees
Ma,p S & J L
Quit Claim Deed
related
—
Jul 29, 1994
—
Paul S Ma
Ma,p S & J L Trustees
Quit Claim Deed
related
—
May 4, 1992
—
Ma Paul S
—
Deed Of Trust
related
—
—
—
Ma Paul S P & J L Living Trust
—
Deed Of Trust
related
$150,000 · Omni Bank
—
—
Jean L Ma
—
Deed Of Trust
related
$150,000 · Far East National Bank
—
—
Paul S Ma
—
Deed Of Trust
related
$150,000 · First Central 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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