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Property profile & analytics
FOR LEASE
Manufacturing properties
673 Monterey Pass Rd, Monterey Park, CA 91754
Entity Owned
8-yr Hold
Absentee Owner
Free & Clear
Property ID
US09-8740281
For Lease
$1.07 SF/Yr
673 Monterey Pass Rd, Monterey Park, CA 91754
View Listing →
Property profile
Verified
Property type
Manufacturing properties
Use group
MANUFACTURING (LIGHT)
Year built
1972
Construction
TILT-UP CONCRETE
Total area
10,800 SF
Lot
0.6 ac (25,967 SF)
Zoning code
MPM*
APN
5254-019-104
UPID
US09-8740281
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
-
LATISTE WHOLESALE Big Box & Wholesale Store
-
J E J Print Inc Publishing House Newspaper & Magazine
-
Shihs Printing Inc Publishing House Newspaper & Magazine
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$1.94M
Comparable Approach
Comparable
$1.14M
Blend (final)
Blend
$1.54M
Owner & transaction history
665-673 Monterey Pass LLC · 8 yrs held
665-673 Monterey Pass LLC
since 2017
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%
$2,105,000
6.5%
$1,940,000
7%
$1,805,000
Alternative Use
Use
Estimation
INDUSTRIAL (GENERAL)
$2,370,000
Current use
Blend value · Realmo final
$1.54M
Range $1.39M – $1.69M · ±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
$143 / 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
$23,989
Tax year 2024
Assessed value
$1,734,628
Assessed 2024
Previous assessed
$1,734,628
+0.0% YoY
Effective rate
1.38%
On assessed value
Assessed land
$948,189
Assessed improvement
$786,439
Applied tax rate
12.0000
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
Manufacturing properties
Use group
MANUFACTURING (LIGHT)
Status
For Lease
Year built
1972
Construction
TILT-UP CONCRETE
Heating
NONE
Stories
1
Total area
10,800 SF
Lot
0.6 ac (25,967 SF)
Zoning code
MPM*
APN
5254-019-104
UPID
US09-8740281
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.
Alternative use value scenarios
Repositioning upside vs current use
INDUSTRIAL (GENERAL) Current
Est. value
$2.4M
INDUSTRIAL (GENERAL) Current
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
1972
Construction
TILT-UP CONCRETE
Heating
NONE
Stories
1
Lot
0.6 ac
Current owner
From public records · entity-resolved
665-673 Monterey Pass LLC
Entity
Free & Clear · 8 yrs held
Mailing address
1100 S SAN PEDRO ST STE A13, LOS ANGELES, CA 90015-2327
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2017
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
Oct 20, 2017
$3,110,000
665-673 Monterey Pass LLC
Everett A Pamber III
Grant Deed
—
Oct 20, 2017
—
Wiley,peggy P Trust
Wiley,margaret P
Quit Claim Deed
related
—
Oct 22, 1998
—
Palmer,jeffrey P Trustee
Palmer,j P
Quit Claim Deed
related
—
Nov 6, 1997
—
Gregory L Palmer
Palmer,m M
Quit Claim Deed
related
—
Nov 6, 1997
$455,000
Palmer,everett A
Palmer Trust
Trustees Deed
related
$910,000 · Everetta & Margaret N Palmer
Aug 23, 1991
$215,000
Frank S Lee
Sun,cheng H
Grant Deed
—
—
—
Everett A Palmer
—
Deed Of Trust
related
$147,245 · Forge Die
—
—
Frank S Lee
—
Deed Of Trust
related
$200,000 · Individual
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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