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Property profile & analytics
OFF-MARKET
Estimated value
$4,325,000
Banks
855 Atlantic Blvd Monterey Park, CA 91754-4735
Individually Owned
5-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US09-8650988
Property profile
Verified
Property type
Banks
Use group
FINANCIAL BUILDING
Year built
1958
Construction
TILT-UP CONCRETE
Total area
7,868 SF
Lot
0.7 ac (30,291 SF)
Zoning code
MPC4*
APN
5253-003-024
UPID
US09-8650988
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
-
FLITWAY Charging Station Electric Vehicle Charging Station
-
Dr. Wing Chan Dental Office
-
Chinatown Service Center (Community Health Center) Community Health Centre
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$4.46M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$5.70M
Blend (final)
Blend
$4.33M
Owner & transaction history
Chinatown Servic Center · 5 yrs held
Chinatown Servic Center
since 2020
Last sale
$3.5M
7 recorded transactions
Zoning & alternative use
MPC4* · Monterey Park, CA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Restaurant
$5.1M
+16.3%
Neighborhood: shopping center
$4.8M
+8.7%
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
$4,510,000
ML approach
$4,460,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
FINANCIAL BUILDING
$4,405,000
Current use
RESTAURANT
$5,125,000
Change: +16% · Conversion: Difficult
NEIGHBORHOOD: SHOPPING CENTER
$4,790,000
Change: +9% · Conversion: Difficult
AUTO REPAIR, GARAGE
$3,640,000
Change: -17% · Conversion: Difficult
MEDICAL BUILDING
$3,575,000
Change: -19% · Conversion: Difficult
Blend value · Realmo final
$4.33M
Range $3.89M – $4.76M · ±10% · vs last sale $3.48M (Nov 9 2020)
Last sale anchor
$3.48M
Nov 9 2020
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
$550 / 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
$2,764
Tax year 2024
Assessed value
$3,690,879
Assessed 2024
Previous assessed
$3,690,879
+0.0% YoY
Effective rate
0.07%
On assessed value
Assessed land
$3,100,848
Assessed improvement
$590,031
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
Banks
Use group
FINANCIAL BUILDING
Status
Off-Market
Year built
1958
Construction
TILT-UP CONCRETE
Heating
NONE
Stories
1
Total area
7,868 SF
Lot
0.7 ac (30,291 SF)
Zoning code
MPC4*
APN
5253-003-024
UPID
US09-8650988
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
FINANCIAL BUILDING Current
Est. value
$4.4M
RESTAURANT
Est. value
$5.1M
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$4.8M
AUTO REPAIR, GARAGE
Est. value
$3.6M
MEDICAL BUILDING
Est. value
$3.6M
FINANCIAL BUILDING Current
RESTAURANT
NEIGHBORHOOD: SHOPPING CENTER
AUTO REPAIR, GARAGE
MEDICAL BUILDING
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
1958
Construction
TILT-UP CONCRETE
Heating
NONE
Stories
1
Lot
0.7 ac
Current owner
From public records · entity-resolved
Chinatown Servic Center
Individual
Mailing address
767 N HL ST STE #400, LOS ANGELES, CA 90012-2381
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2020
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
7 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Sep 30, 2024
—
Chinatown Service Center
—
Deed
related
$2,110,000 · Cathay Bank
Nov 9, 2020
$3,478,000
Chinatown Servic Center
East West Bank
Grant Deed
$2,260,700 · Cathay Bank
Apr 8, 1992
$2,800,000
United Natl Bank
Homat & Assoc
Grant Deed
related
—
Feb 12, 1992
$2,800,000
Homat
Calantic INC
Grant Deed
—
Apr 26, 1991
$933,000
Epic Deed Servic
Li,te C
Trustees Deed
—
Apr 26, 1991
$2,800,000
Calantic INC
Epic Deed Servic
Trustees Deed
$1,500,000 · United National Bank
—
—
Hlh
—
Deed Of Trust
related
$1,000,000 · Sumitomo 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.
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