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Financial
Distress signals
Property profile

588 Atlas Ave Monterey Park, CA 91755

FOR LEASE
Commercial land
Property ID
US09-9517130
0.55 ac lot
Last sale Nov 2005 · $28,250,000
Entity Owned Owner of record is a legal entity (LLC / corporation). 20-yr Hold Held for 20 years. Absentee Owner Owner mailing address differs from the property address. ~ Est. High Equity Modeled equity is high. Estimate, not a fact.
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Property summary

AI-generated overview

A distribution warehouse located in Monterey Park, California, offering approximately 45,225 square feet of industrial space and approved for distribution uses. The facility provides a minimum clear height of approximately 21 feet and includes four dock-high loading positions plus one 17 feet by 17 feet grade-level door. The building is reported to have heavy electrical power, listed as 1,200 amps at 240V (to be verified), and is situated with immediate access to the 60 and 710 Freeways.

Ownership intelligence

Who controls the opportunity?

Owner of record from public deeds, plus portfolio, hold profile and investor signals where the data supports them. Included with a plan.

Owner contacts

Can we reach the decision maker?

Skip-traced phones and e-mails of the owner. Included with a plan.

Debts

What is owed, to whom, and when it comes due

Recorded lenders, amounts and estimated maturities of the owner's loan book — included with a plan.

Property tax · 2024

What does the county charge?
$17k
Tax billed · 2024
Assessed value$1.34M
Assessed land$1.34M
Effective rate1.30%

Value estimate

· Oct 2026
$360k
$324k – $396k
AI approach$360k
NOI build-up
Gross scheduled income$680k
Vacancy & credit loss−$164k
Operating expenses−$129k
NOI · 14,881,076.92% cap applied$387k

Realmo valuation models over county records.

Recently sold

What actually traded nearby?
$309/SF
County average, outlier-cleaned · 2504 recorded sales of this use type
Observed band · Q1–Q3$146 – $506

Cap rate analysis

How does the asset earn?
14,881,076.92%
$387k estimated NOI · market benchmarks for this use type

Price anchors at 6 / 6.5 / 7% — in the full report.

Zoning insight

What can be built here?
MPR3YY
JurisdictionLOS ANGELES

Location intelligence

Which uses thrive at this corner?
Best fit: Realty agency
Demand heat for this use is drawn on the map · LocInt grid
Demand index
Realty agency22.4
Law Firm18.1
Food Market14.2

Location

588 Atlas Ave Monterey Park, CA 91755
County assessor Recorded deeds · 8 transfers Qualifying comp sales · not on file Zoning catalog

Every figure names its source: public record, benchmark, or modeled. Coverage varies by property — thin data is stated as missing, never invented.

Comparables

2 recorded sales · 11 properties nearby
Recent sales nearby
2 recorded sales in this ZIP, last 8 years
Address Sale price Sold Size
Monterey Park, CA 91754 $9,800,098 Sep 2019 No data
Sale prices and dates as our records hold them, one row per building. A deed can cover more of a building than the size shown, so read the price against the size rather than dividing one by the other.
Comparable nearby
6 properties of the same type nearby
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Ask anything about this address in plain English.
“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
More about this property
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