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Property profile & analytics
OFF-MARKET
Estimated value
$1,825,000
Medical Office Space
10226 Lakewood Blvd Downey, CA 90241-2874
Entity Owned
14-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US09-9570435
Property profile
Verified
Property type
Medical Office Space
Use group
MEDICAL BUILDING
Year built
1959
Construction
TILT-UP CONCRETE
Total area
10,660 SF
Lot
0.74 ac (32,450 SF)
Zoning code
DOC4*
APN
6285-002-022
UPID
US09-9570435
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
-
Centrelake Imaging - Downey Medical Group
-
The Oncology Institute - Downey Radiation Oncology Medical Clinic Hospital
-
Southland Radiation Oncology Network - Downey Medical Clinic Hospital
-
Janice Rha, MD Physician
-
Del Sol Escrow Title Company
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$2.39M
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$1.83M
Owner & transaction history
Cottage Development INC · 14 yrs held
Cottage Development INC
since 2011
7 recorded transactions
Zoning & alternative use
DOC4* · Downey, 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 Downey submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Downey 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%
$2,590,000
6.5%
$2,390,000
7%
$2,220,000
Blend value · Realmo final
$1.83M
Range $1.64M – $2.01M · ±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
$171 / 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
$32,900
Tax year 2024
Assessed value
$2,495,936
Assessed 2024
Previous assessed
$2,495,936
+0.0% YoY
Effective rate
1.32%
On assessed value
Assessed land
$1,108,279
Assessed improvement
$1,387,657
Applied tax rate
3.0000
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
Medical Office Space
Use group
MEDICAL BUILDING
Status
Off-Market
Year built
1959
Construction
TILT-UP CONCRETE
Heating
NONE
Cooling
OTHER
Stories
1
Units
1
Total area
10,660 SF
Lot
0.74 ac (32,450 SF)
Zoning code
DOC4*
APN
6285-002-022
UPID
US09-9570435
Jurisdiction
LOS ANGELES
Metro division
LOS ANGELES-LONG BEACH-GLENDALE, CA METROPOLITAN DIVISION
Zoning & alternative use
DOC4* · Downey, CA
Zoning DOC4* · permitted uses
DOC4* · Downey, CA
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Downey. Always verify with local authorities before improvements.
Building & site characteristics
From public records
Year built
1959
Construction
TILT-UP CONCRETE
Heating
NONE
Cooling
Yes
Stories
1
Units
1
Lot
0.74 ac
Current owner
From public records · entity-resolved
Cottage Development INC
Entity
Mailing address
554 E SAN BERNARDINO RD STE #200, COVINA, CA 91723-1749
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2011
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
12 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Mar 16, 2022
—
Cottage Development INC
—
Deed
related
$4,480,000 · Bank Of The West
Oct 20, 2011
$1,162,000
Cottage Development INC
Reda LLC
Grant Deed
$930,000 · Bank Of America NA
Jul 20, 2007
—
Reda LLC
Cal-america Mortgage
Grant Deed
$1,450,000 · Pacific Western Bank
Jul 17, 2006
—
Cal America Mortgage
Ac Investments INC
Grant Deed
—
Mar 23, 2001
—
Invs Ac
Hernandez,d Y
Grant Deed
related
—
Apr 21, 1999
—
Rene J Moya
Moya,p J
Quit Claim Deed
related
—
Apr 21, 1999
$915,000
Hernandez,daniel Y
K G & J Corp
Trustees Deed
$732,000 · Pacific Western National Bank
Nov 22, 1994
$626,000
K G & J Corp
Bank Of America
Grant Deed
—
Oct 29, 1992
—
Bank Of America Nt And Sa
—
Deed Of Trust
related
—
Apr 22, 1992
—
Pacific Southwest Realty Co
—
Deed Of Trust
related
—
Jul 26, 1988
$302,500
Serapio Martinez
Pac
Grant Deed
$242,000 · Great Western Bank
—
—
A C Investments INC
—
Deed Of Trust
related
$1,068,750 · Pacific Western National 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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