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Property profile & analytics
OFF-MARKET
Estimated value
$705,000
Office buildings
523 Atlantic Blvd Monterey Park, CA 91754-3865
Trust Owned
19-yr Hold
Absentee Owner
Free & Clear
Property ID
US09-8550600
Property profile
Verified
Property type
Office buildings
Use group
OFFICE BUILDING
Year built
1980
Construction
TILT-UP CONCRETE
Total area
2,000 SF
Lot
0.14 ac (6,022 SF)
Zoning code
MPC4*
APN
5261-017-055
UPID
US09-8550600
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
-
Nice Hair Hair Salon Nail Salon
-
Home Window Fashions/Connie's Place Hardware & Home Improvement Home Decor Store
-
Atlantic spa Spa & Massage Center
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$715k
Comparable Approach
Comparable
$956k
Blend (final)
Blend
$705k
Owner & transaction history
Chen Family Living Trust · 19 yrs held
Chen Family Living Trust
since 2006
7 recorded transactions
Zoning & alternative use
MPC4* · Monterey Park, CA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Auto repair, garage
$925,000
+19.5%
Medical building
$910,000
+17.4%
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%
$775,000
6.5%
$715,000
7%
$665,000
Alternative Use
Use
Estimation
OFFICE BUILDING
$775,000
Current use
AUTO REPAIR, GARAGE
$925,000
Change: +19% · Conversion: Difficult
MEDICAL BUILDING
$910,000
Change: +17% · Conversion: Easy
RETAIL STORES
$765,000
Change: -1% · Conversion: Moderate
Blend value · Realmo final
$705k
Range $635k – $776k · ±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
$353 / 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
$13,964
Tax year 2024
Assessed value
$1,051,551
Assessed 2024
Previous assessed
$1,051,551
+0.0% YoY
Effective rate
1.33%
On assessed value
Assessed land
$649,333
Assessed improvement
$402,218
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
Office buildings
Use group
OFFICE BUILDING
Status
Off-Market
Year built
1980
Construction
TILT-UP CONCRETE
Heating
NONE
Stories
1
Units
1
Total area
2,000 SF
Lot
0.14 ac (6,022 SF)
Zoning code
MPC4*
APN
5261-017-055
UPID
US09-8550600
Jurisdiction
LOS ANGELES
Metro division
LOS ANGELES-LONG BEACH-GLENDALE, CA METROPOLITAN DIVISION
Zoning & alternative use
MPC4* · Monterey Park, CA
Zoning MPC4* · permitted uses
MPC4* · 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
OFFICE BUILDING Current
Est. value
$775,000
AUTO REPAIR, GARAGE
Est. value
$925,000
MEDICAL BUILDING
Est. value
$910,000
RETAIL STORES
Est. value
$765,000
OFFICE BUILDING Current
AUTO REPAIR, GARAGE
MEDICAL 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
1980
Construction
TILT-UP CONCRETE
Heating
NONE
Stories
1
Units
1
Lot
0.14 ac
Current owner
From public records · entity-resolved
Chen Family Living Trust
Trust
Free & Clear · 19 yrs held
Mailing address
1717 MNR GATE RD, HACIENDA HEIGHTS, CA 91745-3838
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
8 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Nov 21, 2006
—
Chen Family Living Trust
Chen,chiun-yu
Affidavit Of Death
related
—
Jul 1, 1994
—
Chiun-yu Chen
Chen,c Y&s K
Quit Claim Deed
related
—
Sep 7, 1989
$583,000
Chen Chiun Y&shu
Transponder
Trustees Deed
$230,000 · Far East National Bank
Sep 7, 1989
$284,909
Transponder
Cheng Allan&anna
Trustees Deed
—
Sep 29, 1988
$500,000
Allan Cheng
Mutual Consolida
Trustees Deed
$300,000 · East West Bank
Sep 29, 1988
$255,700
Mutual Consolida
Wong Steve T And
Trustees Deed
related
—
—
—
Chiun Y Chen
—
Deed Of Trust
related
$90,000 · Far East National Bank
—
—
Chiun Y Chen
—
Deed Of Trust
related
$160,000 · Far East National 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.
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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