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Property profile & analytics
OFF-MARKET
Estimated value
$3,950,000
Apartment buildings
1048 Marine Ave Gardena, CA 90247-4188
Individually Owned
2-yr Hold
~
Est. High Equity
Property ID
US09-8490110
Property profile
Verified
Property type
Apartment buildings
Use group
APARTMENT HOUSE (5+ UNITS)
Year built
1887
Construction
WOOD
Total area
10,584 SF
Lot
0.45 ac (19,466 SF)
Zoning code
GAR3
APN
6114-029-009
UPID
US09-8490110
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
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$3.95M
CAP Approach
CAP
$2.62M
Comparable Approach
Comparable
$3.27M
Blend (final)
Blend
$3.95M
Owner & transaction history
Irene Park Kim Soonohk · 2 yrs held
Irene Park Kim Soonohk
since 2024
Last sale
$4.0M
7 recorded transactions
Zoning & alternative use
GAR3 · Gardena, CA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Neighborhood: shopping center
$6.4M
+153.8%
Medical building
$4.8M
+89.6%
Office building
$3.4M
+33.4%
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
$3,950,000
ML approach
$3,950,000
CAP Approach
CAP Return
Estimation
6%
$2,840,000
6.5%
$2,620,000
7%
$2,435,000
Alternative Use
Use
Estimation
APARTMENT HOUSE (5+ UNITS)
$2,540,000
Current use
NEIGHBORHOOD: SHOPPING CENTER
$6,440,000
Change: +154% · Conversion: Difficult
MEDICAL BUILDING
$4,810,000
Change: +90% · Conversion: Moderate
OFFICE BUILDING
$3,385,000
Change: +33% · Conversion: Moderate
COMMERCIAL (GENERAL)
$3,380,000
Change: +33% · Conversion: Moderate
INDUSTRIAL (GENERAL)
$3,170,000
Change: +25% · Conversion: Difficult
Blend value · Realmo final
$3.95M
Range $3.56M – $4.35M · ±10% · vs last sale $3.95M (Apr 30 2024)
Last sale anchor
$3.95M
Apr 30 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
$373 / 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
$44,770
Tax year 2024
Assessed value
$3,501,985
Assessed 2024
Previous assessed
$3,501,985
+0.0% YoY
Effective rate
1.28%
On assessed value
Assessed land
$1,804,053
Assessed improvement
$1,697,932
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
1887
Construction
WOOD
Heating
NONE
Buildings
2
Units
12
Bathrooms
24
Total area
10,584 SF
Lot
0.45 ac (19,466 SF)
Zoning code
GAR3
APN
6114-029-009
UPID
US09-8490110
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
$2.5M
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$6.4M
MEDICAL BUILDING
Est. value
$4.8M
OFFICE BUILDING
Est. value
$3.4M
COMMERCIAL (GENERAL)
Est. value
$3.4M
INDUSTRIAL (GENERAL)
Est. value
$3.2M
APARTMENT HOUSE (5+ UNITS) Current
NEIGHBORHOOD: SHOPPING CENTER
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
1887
Construction
WOOD
Heating
NONE
Buildings
2
Units
12
Bathrooms
24
Lot
0.45 ac
Current owner
From public records · entity-resolved
Irene Park Kim Soonohk
Individual
Mailing address
PO BOX 352, GARDENA, CA 90248-0352
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
9 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Apr 30, 2024
$3,950,000
Irene Park Kim Soonohk
Jose G Bahena
Grant Deed
$2,000,000 · Jpmorgan Chase Bank NA
Apr 30, 2024
—
Dan H Park
Joan Soonshil Park
Intrafamily Transfer
related
—
May 5, 2021
$3,300,000
Jose G Bahena
Daniel J Davis
Grant Deed
$2,100,000 · Fresno First Bank
May 5, 2021
—
Daniel J Davis
Daniel J Davis
Intrafamily Transfer
related
$2,100,000 · Fresno First Bank
Sep 10, 2001
$770,000
Daniel J Davis
Wu,hsien M & Hsueh-ping W
Grant Deed
$616,000 · Abn Amro Mortgage Group INC
Mar 31, 1989
$1,200,000
Wu Chun M
Yamada Inv
Grant Deed
$840,000 · Columbia Savings & Loan
Jan 15, 1988
$1,570,000
Inv Yamada
Chan
Grant Deed
$900,000 · Mitsui Manufacturers Bank
—
—
Daniel J Davis
—
Deed Of Trust
related
$490,000 · Bank Of The West
—
—
Hsien M Wu
—
Deed Of Trust
related
$415,000 · Trust Bank 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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