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Property profile & analytics
FOR LEASE
Community centers
500 N Atlantic Ave Monterey Park, CA 91754
Entity Owned
13-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US09-9115049
For Lease
1 / 45
$17,931/Mo
500 N Atlantic Ave, Monterey Park, CA 91754
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Property profile
Verified
Property type
Community centers
Use group
MINI-MALL
Year built
2010
Construction
STEEL FRAME
Total area
151,450 SF
Lot
6.59 ac (287,078 SF)
Zoning code
MPSP*
APN
5256-017-021
UPID
US09-9115049
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
-
Personal Touch Lingerie (Bike/Boat/Book/etc) Store Clothing & Fashion Store
-
ARITAUM Cosmetic Store
-
Atlantic Animal Hospital Veterinary Clinic
-
eCosway Cosmetic Store
-
Pandora Beauty Cosmetic Store
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$55.23M
Comparable Approach
Comparable
$68.71M
Blend (final)
Blend
$80.24M
Owner & transaction history
Atlantic Times Square X LLC · 13 yrs held
Atlantic Times Square X LLC
since 2013
2 recorded transactions
Zoning & alternative use
MPSP* · Monterey Park, CA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Restaurant
$98.6M
+7.0%
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
by Request
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
$59,835,000
6.5%
$55,230,000
7%
$51,285,000
Alternative Use
Use
Estimation
NEIGHBORHOOD: SHOPPING CENTER
$92,170,000
Current use
RESTAURANT
$98,625,000
Change: +7% · Conversion: Difficult
Blend value · Realmo final
$80.24M
Range $72.21M – $88.26M · ±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
$530 / 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
$1,180,404
Tax year 2024
Assessed value
$87,850,441
Assessed 2024
Previous assessed
$87,850,441
+0.0% YoY
Effective rate
1.34%
On assessed value
Assessed land
$6,439,316
Assessed improvement
$81,411,125
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
Community centers
Use group
MINI-MALL
Status
For Lease
Year built
2010
Construction
STEEL FRAME
Heating
NONE
Cooling
YES
Stories
1
Total area
151,450 SF
Lot
6.59 ac (287,078 SF)
Zoning code
MPSP*
APN
5256-017-021
UPID
US09-9115049
Jurisdiction
LOS ANGELES
Metro division
LOS ANGELES-LONG BEACH-GLENDALE, CA METROPOLITAN DIVISION
Zoning & alternative use
MPSP* · Monterey Park, CA
Zoning MPSP* · permitted uses
MPSP* · 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
NEIGHBORHOOD: SHOPPING CENTER Current
Est. value
$92.2M
RESTAURANT
Est. value
$98.6M
NEIGHBORHOOD: SHOPPING CENTER Current
RESTAURANT
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
2010
Construction
STEEL FRAME
Heating
NONE
Cooling
Yes
Stories
1
Lot
6.59 ac
Current owner
From public records · entity-resolved
Atlantic Times Square X LLC
Entity
Mailing address
411 E HUNTINGTON DR STE #305, ARCADIA, CA 91006-3736
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2013
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
2 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Mar 21, 2018
—
Atlantic Times Square X LLC
—
Deed
related
$98,000,000 · Jpmorgan Chase Bank NA
Apr 17, 2013
—
Atlantic Times Square X LLC
Atlantic Times Square II LLC
Grant Deed
$74,000,000 · Jpmorgan Chase Bank NA
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
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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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