Property profile & analytics
751 Atlantic Blvd Monterey Park, CA 91754-3864
- Office buildings
- 2,500 SF
- 0.14 lot acres
OFF-MARKET
Last Sale
Nov 12, 2024
Nov 12, 2024
$930,000
Value Estimations
$915,000
Show details
Cap Rate Potential
Location Intelligence
Property ID
US09-8748864
The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.
Current Use by Public Records
- SmarterHome.ai - Spectrum Authorized Retailer / Telecommunications Service / Data Center
- All Phone World / Mobile Phone Store / Electronics & Wireless Store
Property Details for 751 Atlantic Blvd
- Year built
- 1964
- Construction
- TILT-UP CONCRETE
- Lot size
- 0.14 lot acres
- Property size
- 2,500 SF
- Zone code
- MPC4*
- Property type
- Office buildings
- APN
- 5253-002-024
- APU
- 5253002024
Description
This exceptional commercial property, located at 751 S Atlantic Blvd in Monterey Park, CA 91754, presents a compelling investment opportunity. The 2,500 square foot building sits on a 6,014 square foot lot (APN 5253-002-024) and is zoned C4, offering versatility for various uses. Currently configured as three retail units with 67% occupancy and month-to-month leases, this presents an owner-user opportunity to occupy vacant space or the entire building. The property benefits from its prime location on a major thoroughfare, close to the 10 and 60 freeways, and surrounded by numerous retail establishments. Recent improvements include a new roof and a replaced HVAC unit. The asking price is $1,100,000 ($440/sq ft). Built in 1964, this Class C property offers significant potential for value appreciation through rent increases with existing tenants or by re-tenanting. Its strategic location and flexible zoning (C4, Monterey Park) make it suitable for a range of professional services (insurance, law, real estate, CPA), medical, or dental practices. This is a rare chance to acquire a well-situated commercial property in a thriving Los Angeles County market.
Value Estimations
based on Realmo’s proprietary methodology
-
CAP approach
- CAP Return
- Estimation
- 6%
- $970,000
- 6.5%
- $895,000
- 7%
- $835,000
-
Comparable approach
- Method
- Estimation
- Statistic Estimate
- $899,000
- AI Estimate
- $550,000
Market price range: $571k - $1.20MMarket price range: $216k - $934k -
Alternative Use
- Use
- Estimation
- OFFICE BUILDING
- $970,000 Current use
- NEIGHBORHOOD: SHOPPING CENTER
- $1,520,000 Change: +57% Conversion: Difficult
- AUTO REPAIR, GARAGE
- $1,155,000 Change: +19% Conversion: Difficult
- MEDICAL BUILDING
- $1,135,000 Change: +17% Conversion: Easy
- RETAIL STORES
- $960,000 Change: -1% Conversion: Moderate
Get a detailed, property-specific valuation — fast and free
Location Insight
- Map
- Local Demand
- City
- Monterey Park
- County
- Los Angeles
- State
- California
- Longitude
- -118.137
- Latitude
- 34.053
- CBSA code
- 31080
- CBSA name
- LOS ANGELES-LONG BEACH-ANAHEIM, CA METROPOLITAN STATISTICAL AREA
Property Tax & Assessments
Tax date
Tax Amount
Assessed Land Value
Assessed Improvement Value
Total Assessed Value
Applied Tax Rate
Land Market Value
Improvement Market Value
Total Market Value
2024
$9,093
$393,711
$262,473
$656,184
-
$0.00
$0.00
$0.00
