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Property profile & analytics
FOR LEASE
Super regional malls
400 N Atlantic Blvd Monterey Park, CA 91754
Entity Owned
19-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US09-7587705
For Lease
$39,675,000
400 N Atlantic Blvd, Monterey Park, CA 91754
View Listing →
Property profile
Verified
Property type
Super regional malls
Use group
REGIONAL SHOPPING CENTER, MALL
Year built
1980
Construction
WOOD
Total area
130,189 SF
Lot
6.59 ac (286,857 SF)
Zoning code
MPOPCD*
APN
5257-002-060
UPID
US09-7587705
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
-
Mr. Baguette Restaurant
-
Mr. Baguette Baking Bliss Cafe & Coffee Shop
-
Man Investment Group Real Estate Agency
-
Holiday Inn & Suites Monterey Park Los Angeles, an IHG Hotel Hotel & Motel
-
Meet Fresh Restaurant Take-out & Catering
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$47.48M
Comparable Approach
Comparable
$38.71M
Blend (final)
Blend
$39.68M
Owner & transaction history
Mpm Partners LLC · 19 yrs held
Mpm Partners LLC
since 2006
7 recorded transactions
Zoning & alternative use
MPOPCD* · 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
by Request
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
$51,435,000
6.5%
$47,480,000
7%
$44,085,000
Blend value · Realmo final
$39.68M
Range $35.71M – $43.64M · ±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
$305 / 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
$467,802
Tax year 2024
Assessed value
$31,936,714
Assessed 2024
Previous assessed
$31,936,714
+0.0% YoY
Effective rate
1.46%
On assessed value
Assessed land
$12,644,720
Assessed improvement
$19,291,994
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
Super regional malls
Use group
REGIONAL SHOPPING CENTER, MALL
Status
For Lease
Year built
1980
Construction
WOOD
Heating
NONE
Cooling
YES
Buildings
4
Stories
1
Total area
130,189 SF
Lot
6.59 ac (286,857 SF)
Zoning code
MPOPCD*
APN
5257-002-060
UPID
US09-7587705
Jurisdiction
LOS ANGELES
Metro division
LOS ANGELES-LONG BEACH-GLENDALE, CA METROPOLITAN DIVISION
Zoning & alternative use
MPOPCD* · Monterey Park, CA
Zoning MPOPCD* · permitted uses
MPOPCD* · 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
Year built
1980
Construction
WOOD
Heating
NONE
Cooling
Yes
Stories
1
Buildings
4
Lot
6.59 ac
Current owner
From public records · entity-resolved
Mpm Partners LLC
Entity
Mailing address
3505 HART AVE STE #214, ROSEMEAD, CA 91770-2000
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2006
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
10 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
May 26, 2022
—
Mpm Partners LLC
—
Deed
related
—
Jul 14, 2017
—
Mpm Partners LLC
—
Deed
related
—
Mar 14, 2008
—
Mpm Partners LLC
—
Grant Deed
related
$19,700,000 · Rabobank
Sep 14, 2006
$9,450,000
Mpm Partners LLC
Monterey Park Mall LLC
Grant Deed
—
Jun 1, 2004
—
Monterey Park Mall LLC
Aespace America INC
Grant Deed
$4,245,000 · Imperial Capital Bank
Apr 4, 1997
—
Amer Aespace
Yang,e C
Quit Claim Deed
related
—
Apr 27, 1988
—
Ruey M Chen
Azusa
Trustees Deed
related
—
—
—
Ruey M Chen
—
Deed Of Trust
related
$12,000,000 · Bank Of California
—
—
Mpm Partners LLC
—
Deed Of Trust
related
$17,850,000 · Rabobank
—
—
Ruey M Chen
—
Deed Of Trust
related
$3,000,000 · Bank Of California
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.
Try Rey
Ask anything about this address in plain English.
“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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