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Property profile & analytics
OFF-MARKET
Estimated value
$5,085,000
Apartment buildings
1029 Magnolia Ave Gardena, CA 90247-4155
Entity Owned
1-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US09-7751216
Property profile
Verified
Property type
Apartment buildings
Use group
APARTMENT HOUSE (5+ UNITS)
Year built
1973
Construction
WOOD
Total area
17,456 SF
Lot
0.66 ac (28,719 SF)
Zoning code
GAR3
APN
6113-035-031
UPID
US09-7751216
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
-
one touch mobile car detailing Car Wash
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$4.96M
CAP Approach
CAP
$4.32M
Comparable Approach
Comparable
$3.16M
Blend (final)
Blend
$5.09M
Owner & transaction history
1029 Magnolia Apt LLC · 1 yrs held
1029 Magnolia Apt LLC
since 2025
Last sale
$5.2M
7 recorded transactions
Zoning & alternative use
GAR3 · Gardena, CA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Medical building
$7.9M
+89.6%
Office building
$5.6M
+33.4%
Commercial (general)
$5.6M
+33.3%
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 Gardena submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Gardena 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
$4,985,000
ML approach
$4,960,000
CAP Approach
CAP Return
Estimation
6%
$4,680,000
6.5%
$4,320,000
7%
$4,015,000
Alternative Use
Use
Estimation
APARTMENT HOUSE (5+ UNITS)
$4,185,000
Current use
MEDICAL BUILDING
$7,935,000
Change: +90% · Conversion: Moderate
OFFICE BUILDING
$5,580,000
Change: +33% · Conversion: Moderate
COMMERCIAL (GENERAL)
$5,575,000
Change: +33% · Conversion: Moderate
INDUSTRIAL (GENERAL)
$5,230,000
Change: +25% · Conversion: Difficult
Blend value · Realmo final
$5.09M
Range $4.58M – $5.59M · ±10% · vs last sale $5.20M (Feb 28 2025)
Last sale anchor
$5.20M
Feb 28 2025
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
$291 / 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
$34,776
Tax year 2024
Assessed value
$2,429,944
Assessed 2024
Previous assessed
$2,429,944
+0.0% YoY
Effective rate
1.43%
On assessed value
Assessed land
$574,229
Assessed improvement
$1,855,715
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
Apartment buildings
Use group
APARTMENT HOUSE (5+ UNITS)
Status
Off-Market
Year built
1973
Construction
WOOD
Heating
NONE
Cooling
YES
Units
28
Bathrooms
28
Total area
17,456 SF
Lot
0.66 ac (28,719 SF)
Zoning code
GAR3
APN
6113-035-031
UPID
US09-7751216
Jurisdiction
LOS ANGELES
Metro division
LOS ANGELES-LONG BEACH-GLENDALE, CA METROPOLITAN DIVISION
Zoning & alternative use
GAR3 · Gardena, CA
Zoning GAR3 · permitted uses
GAR3 · Gardena, CA
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Gardena. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
APARTMENT HOUSE (5+ UNITS) Current
Est. value
$4.2M
MEDICAL BUILDING
Est. value
$7.9M
OFFICE BUILDING
Est. value
$5.6M
COMMERCIAL (GENERAL)
Est. value
$5.6M
INDUSTRIAL (GENERAL)
Est. value
$5.2M
APARTMENT HOUSE (5+ UNITS) Current
MEDICAL BUILDING
OFFICE BUILDING
COMMERCIAL (GENERAL)
INDUSTRIAL (GENERAL)
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
1973
Construction
WOOD
Heating
NONE
Cooling
Yes
Units
28
Bathrooms
28
Lot
0.66 ac
Current owner
From public records · entity-resolved
1029 Magnolia Apt LLC
Entity
Mailing address
433 30TH ST, MANHATTAN BEACH, CA 90266-2076
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2025
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
Feb 28, 2025
$5,200,000
1029 Magnolia Apt LLC
Gerald Rieger Olson
Grant Deed
$3,120,000 · Lone Oak Fund LLC
Mar 18, 2021
—
Gerald Rieger Olson
—
Deed
related
$1,200,000 · Jpmorgan Chase Bank NA
Mar 29, 2016
—
The Olson Family Trust
Gerald Rieger Olson
Intrafamily Transfer
related
$1,200,000 · Jpmorgan Chase Bank NA
Jun 7, 1994
—
Alma Olson
Olson,g B
Quit Claim Deed
related
—
Oct 25, 1993
—
Olson Gerald R
—
Deed Of Trust
related
—
—
—
Olson Family Trust
—
Deed Of Trust
related
$1,200,000 · J P Morgan Chase Bank
—
—
Olson,tr
—
Deed Of Trust
related
$750,000 · Citibank West Fsb
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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