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Property profile & analytics
OFF-MARKET
Estimated value
$14,805,000
Office buildings
588 Atlas St, Monterey Park, CA 91755-7450
Entity Owned
2-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US09-9562916
Property profile
Verified
Property type
Office buildings
Use group
OFFICE BUILDING
Year built
1972
Construction
TILT-UP CONCRETE
Total area
85,258 SF
Lot
2.48 ac (107,977 SF)
Zoning code
MPM*
APN
5265-025-042
UPID
US09-9562916
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
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$19.48M
Blend (final)
Blend
$14.81M
Owner & transaction history
Psf 588 Atlas LLC · 2 yrs held
Psf 588 Atlas LLC
since 2023
7 recorded transactions
Zoning & alternative use
MPM* · 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%
by Request
6.5%
by Request
7%
by Request
Blend value · Realmo final
$14.81M
Range $13.32M – $16.29M · ±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
$174 / 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
$142,954
Tax year 2024
Assessed value
$9,710,052
Assessed 2024
Previous assessed
$9,710,052
+0.0% YoY
Effective rate
1.47%
On assessed value
Assessed land
$5,093,798
Assessed improvement
$4,616,254
Applied tax rate
6.0000
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
1972
Construction
TILT-UP CONCRETE
Heating
NONE
Buildings
2
Stories
2
Total area
85,258 SF
Lot
2.48 ac (107,977 SF)
Zoning code
MPM*
APN
5265-025-042
UPID
US09-9562916
Jurisdiction
LOS ANGELES
Metro division
LOS ANGELES-LONG BEACH-GLENDALE, CA METROPOLITAN DIVISION
Zoning & alternative use
MPM* · Monterey Park, CA
Zoning MPM* · permitted uses
MPM* · 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
1972
Construction
TILT-UP CONCRETE
Heating
NONE
Stories
2
Buildings
2
Lot
2.48 ac
Current owner
From public records · entity-resolved
Psf 588 Atlas LLC
Entity
Mailing address
98 SAN JACINTO BLVD STE #160, AUSTIN, TX 78701-4640
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2023
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
15 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Aug 21, 2023
—
Psf 588 Atlas LLC
Pdfp 20 Series 4 LLC LLC
Grant Deed
—
Aug 9, 2023
$35,000,000
Pdfp 2 0 Series 4 LLC
Sonnenblick Monterey Park LLC
Trustees Deed
related
—
Jan 27, 2021
$14,550,000
Sonnenblick Monterey Park LLC
Inchrist Community Church Valley Ch
Grant Deed
$500,000 · Psl Austin Lending LLC
Oct 24, 2017
$11,000,000
Inchrist Community Church Valley Ch
Rref II Wpg Coral Jv LLC
Grant Deed
$8,250,000 · Clearinghouse Dcfi
Sep 30, 2013
$7,525,000
Rref II-wpg Coral Jv LLC
Sa Group Properties INC
Quit Claim Deed
related
—
Apr 16, 2013
$7,000,000
Sa Group Properties INC
First American Title Ins
Trustees Deed
related
—
Jul 1, 2010
—
Brothers Coral Circle L Miller
—
Deed Of Trust
related
$11,000,000 · Miller Arlen Living Trust
Mar 8, 2002
—
Brothers Coral Circle Miller
Miller Brothers Investors LLC
Quit Claim Deed
related
—
Dec 13, 2001
—
Sced
Mille
Grant Deed
related
—
Mar 22, 2001
—
Miller Brothers Investment LLC
Pacifica/arka Monterey Park
Grant Deed
related
—
Jan 14, 1999
—
Arka M Pacifica
—
Deed Of Trust
related
—
Jan 16, 1998
$5,250,000
Pacifica Monetary Park LLC
Mccaslin Properties
Trustees Deed
related
—
Jan 16, 1998
$3,420,000
Pacifica Monetary Park LLC
Mccaslin Properties
Trustees Deed
related
$15,330,955 · Credit Suisse First Boston Mtg
Oct 19, 1995
—
Properties Mccaslin
—
Deed Of Trust
related
$2,500,000 · Bank Of America
—
—
Rref-ii Wpg Coral Jv LLC
—
Deed Of Trust
related
$7,600,000 · A10 Cap
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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