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Property profile

508 Monterey Pass Rd Monterey Park, CA 91754

OFF-MARKET
Manufacturing properties
Property ID
US09-8726706
View Sample
14,701 SF 0.73 ac lot Built 1953
Entity Owned 4-yr Hold ~ Est. High Equity

Property profile

Verified
Property type Manufacturing properties
Use group MANUFACTURING (LIGHT)
Year built 1953
Construction TILT-UP CONCRETE
Total area 14,701 SF
Lot 0.73 ac (31,642 SF)
Zoning code MPM*
APN 5261-001-042
UPID US09-8726706

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Current use

Occupant on record · Public records
  • Building Supply Industrial Manufacturer
  • Clothing & Fashion Store
  • Auto Repair Shop
  • Auto Repair Shop

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
$4.73M
CAP Approach CAP
by Request
Comparable Approach Comparable
$4.42M
Blend (final) Blend
$4.75M

Owner & transaction history

since 2022
Last sale
$5.5M
1 recorded transaction
2022
$5.5M

Zoning & alternative use

MPM* · Monterey Park, CA
Top alternative use upside
Auto repair, garage $6.8M +110.9%
Medical building $6.7M +107.2%
Office building $5.7M +76.5%

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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