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Property profile & analytics
OFF-MARKET
Estimated value
$1,800,000
Motels
438 El Mercado Ave Monterey Park, CA 91754-3239
Entity Owned
2-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US09-8748824
Property profile
Verified
Property type
Motels
Use group
MOTEL
Year built
1948
Construction
WOOD
Total area
4,768 SF
Lot
0.21 ac (9,353 SF)
Zoning code
MPOP*
APN
5257-002-047
UPID
US09-8748824
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
-
Milla Motel Hotel & Motel
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$1.80M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$1.80M
Owner & transaction history
Meridien Suites LLC · 2 yrs held
Meridien Suites LLC
since 2024
Last sale
$1.8M
7 recorded transactions
Zoning & alternative use
MPOP* · Monterey Park, CA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Neighborhood: shopping center
$2.9M
+44.6%
Auto repair, garage
$2.2M
+9.9%
Medical building
$2.2M
+8.0%
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
$1,800,000
ML approach
$1,800,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
HOTEL/MOTEL
$2,005,000
Current use
NEIGHBORHOOD: SHOPPING CENTER
$2,900,000
Change: +45% · Conversion: Difficult
AUTO REPAIR, GARAGE
$2,205,000
Change: +10% · Conversion: Difficult
MEDICAL BUILDING
$2,165,000
Change: +8% · Conversion: Difficult
OFFICE BUILDING
$1,845,000
Change: -8% · Conversion: Difficult
RETAIL STORES
$1,825,000
Change: -9% · Conversion: Difficult
Blend value · Realmo final
$1.80M
Range $1.62M – $1.98M · ±10% · vs last sale $1.80M (Jul 8 2024)
Last sale anchor
$1.80M
Jul 8 2024
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
$378 / 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
$21,912
Tax year 2024
Assessed value
$1,576,211
Assessed 2024
Previous assessed
$1,576,211
+0.0% YoY
Effective rate
1.39%
On assessed value
Assessed land
$836,706
Assessed improvement
$739,505
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
Motels
Use group
MOTEL
Status
Off-Market
Year built
1948
Construction
WOOD
Heating
NONE
Stories
1
Units
14
Bathrooms
13
Total area
4,768 SF
Lot
0.21 ac (9,353 SF)
Zoning code
MPOP*
APN
5257-002-047
UPID
US09-8748824
Jurisdiction
LOS ANGELES
Metro division
LOS ANGELES-LONG BEACH-GLENDALE, CA METROPOLITAN DIVISION
Zoning & alternative use
MPOP* · Monterey Park, CA
Zoning MPOP* · permitted uses
MPOP* · 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
HOTEL/MOTEL Current
Est. value
$2.0M
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$2.9M
AUTO REPAIR, GARAGE
Est. value
$2.2M
MEDICAL BUILDING
Est. value
$2.2M
OFFICE BUILDING
Est. value
$1.8M
RETAIL STORES
Est. value
$1.8M
HOTEL/MOTEL Current
NEIGHBORHOOD: SHOPPING CENTER
AUTO REPAIR, GARAGE
MEDICAL BUILDING
OFFICE BUILDING
RETAIL STORES
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
1948
Construction
WOOD
Heating
NONE
Stories
1
Units
14
Bathrooms
13
Lot
0.21 ac
Current owner
From public records · entity-resolved
Meridien Suites LLC
Entity
Mailing address
135 LA PORTE ST STE A, ARCADIA, CA 91006-7212
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2024
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
8 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jul 8, 2024
$1,800,000
Meridien Suites LLC
Magdalena L Simsih
Grant Deed
$500,000 · Magdalena Simsih
Oct 6, 2021
—
Magdalena L Simsih
Magdalena L Simsih
Intrafamily Transfer
related
—
Jul 29, 2016
—
Simsih,m L Living Trust
—
Deed
related
$765,000 · Hana Small Busn Lndg
Oct 31, 2014
—
Simsih,m L Living Trust
Simsih,magdalena L
Quit Claim Deed
related
—
Sep 8, 2006
$1,200,000
Magdalena L Simsih
Manuhu Family Trust
Grant Deed
$800,000 · Manuhu Family Trust
Mar 25, 2004
—
Manuhu,tr
Manuhu,james T & Jeanne A
Quit Claim Deed
related
—
—
—
Simsih,m L Living Trust
—
Deed Of Trust
related
$765,000 · Hana Small Busn Lndg
—
—
James T Manuhu
—
Deed Of Trust
related
$250,000 · Spectrum 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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