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Property profile & analytics
FOR LEASE
Office buildings
883 S Atlantic Blvd, Monterey Park, CA 91754
Entity Owned
2-yr Hold
Absentee Owner
Free & Clear
Property ID
US09-6298162
For Lease
1 / 7
$11,125,000
883 S Atlantic Blvd, Monterey Park, CA 91754
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Property profile
Verified
Property type
Office buildings
Use group
OFFICE BUILDING
Year built
1967
Construction
TILT-UP CONCRETE
Total area
23,250 SF
Lot
0.83 ac (36,125 SF)
Zoning code
MPC4*
APN
5253-003-025
UPID
US09-6298162
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
-
Golden Dragon Dentistry Dental Office
-
DaVita Monterey Park Dialysis Center Medical Clinic
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$11.13M
CAP Approach
CAP
$8.34M
Comparable Approach
Comparable
$11.12M
Blend (final)
Blend
$11.13M
Owner & transaction history
Atlantic24 Holdings LLC · 2 yrs held
Atlantic24 Holdings LLC
since 2024
Last sale
$11.1M
7 recorded transactions
Zoning & alternative use
MPC4* · Monterey Park, CA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Restaurant
$15.1M
+68.2%
Neighborhood: shopping center
$14.2M
+57.2%
Auto repair, garage
$10.8M
+19.5%
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
$11,125,000
ML approach
$11,125,000
CAP Approach
CAP Return
Estimation
6%
$9,035,000
6.5%
$8,340,000
7%
$7,745,000
Alternative Use
Use
Estimation
OFFICE BUILDING
$9,000,000
Current use
RESTAURANT
$15,140,000
Change: +68% · Conversion: Moderate
NEIGHBORHOOD: SHOPPING CENTER
$14,150,000
Change: +57% · Conversion: Difficult
AUTO REPAIR, GARAGE
$10,755,000
Change: +19% · Conversion: Difficult
MEDICAL BUILDING
$10,570,000
Change: +17% · Conversion: Easy
RETAIL STORES
$8,910,000
Change: -1% · Conversion: Moderate
Blend value · Realmo final
$11.13M
Range $10.01M – $12.24M · ±10% · vs last sale $11.13M (Jun 5 2024)
Last sale anchor
$11.13M
Jun 5 2024
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
$478 / 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
$112,496
Tax year 2024
Assessed value
$8,133,425
Assessed 2024
Previous assessed
$8,133,425
+0.0% YoY
Effective rate
1.38%
On assessed value
Assessed land
$4,096,183
Assessed improvement
$4,037,242
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
For Lease
Year built
1967
Construction
TILT-UP CONCRETE
Heating
NONE
Cooling
YES
Stories
1
Total area
23,250 SF
Lot
0.83 ac (36,125 SF)
Zoning code
MPC4*
APN
5253-003-025
UPID
US09-6298162
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
$9.0M
RESTAURANT
Est. value
$15.1M
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$14.2M
AUTO REPAIR, GARAGE
Est. value
$10.8M
MEDICAL BUILDING
Est. value
$10.6M
RETAIL STORES
Est. value
$8.9M
OFFICE BUILDING Current
RESTAURANT
NEIGHBORHOOD: SHOPPING CENTER
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
1967
Construction
TILT-UP CONCRETE
Heating
NONE
Cooling
Yes
Stories
1
Lot
0.83 ac
Current owner
From public records · entity-resolved
Atlantic24 Holdings LLC
Entity
Free & Clear · 2 yrs held
Mailing address
4335 VAN NUYS BLVD #226, SHERMAN OAKS, CA 91403-3727
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2024
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
13 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jun 5, 2024
$11,126,000
Atlantic24 Holdings LLC
Markdev Dv Monterey Park LLC
Grant Deed
—
Jan 10, 2017
$6,500,000
Markdev-dv Monterey Park LLC
Procare Investments LLC
Grant Deed
$9,332,890 · Origin Bk
Dec 21, 2006
—
Procare Investments LLC
Procare Management Corp
Grant Deed
$4,425,000 · Countrywide Com Real Estate Fin INC
Oct 30, 2006
$3,050,000
Procare Management Corp
Atlantic Asset
Grant Deed
$974,840 · Namco Financial Exchange Corp
Feb 23, 2005
$5,100,050
Atlantic Asset
Sixth & Union LLC
Grant Deed
$3,500,000 · United Commercial Bank
Jul 16, 2004
$4,300,000
Sixth & Union LLC
Kwok,david
Grant Deed
$2,126,000 · Evertrust Bank
Jul 16, 2004
—
David Kwok
Kwok,david
Quit Claim Deed
related
—
Aug 14, 1991
$70,000
Kwok,david & Ali
Yuen,kit
Trustees Deed
related
$1,900,000 · Metrobank
—
—
David Kwok
—
Deed Of Trust
related
—
—
—
David Kwok
—
Deed Of Trust
related
$2,700,000 · Preferred Bank
—
—
David Kwok
—
Deed Of Trust
related
$2,020,000 · Interbusiness Bank NA
—
—
Sixth & Union LLC
—
Deed Of Trust
related
$639,000 · Evertrust Bank
—
—
David Kwok
—
Deed Of Trust
related
$2,000,000 · Hanmi 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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