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Property profile & analytics
OFF-MARKET
Estimated value
$1,330,000
Parking lots & garages
10928 Wilmington Ave Los Angeles, CA 90059
Individually Owned
3-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US09-7644629
Property profile
Verified
Property type
Parking lots & garages
Use group
PARKING LOT
Year built
1946
Total area
3,250 SF
Lot
0.07 ac (3,253 SF)
Zoning code
LAC2
APN
6067-006-031
UPID
US09-7644629
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
$1.23M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$1.33M
Owner & transaction history
Myoung Wook Shin · 3 yrs held
Myoung Wook Shin
since 2023
Last sale
$1.5M
7 recorded transactions
Zoning & alternative use
LAC2 · Los Angeles, 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 Los Angeles submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Los Angeles 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
$1,185,000
ML approach
$1,230,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
PARKING LOT
$2,010,000
Current use
AUTO REPAIR, GARAGE
$1,765,000
Change: -12% · Conversion: Difficult
OFFICE BUILDING
$1,630,000
Change: -19% · Conversion: Difficult
Blend value · Realmo final
$1.33M
Range $1.20M – $1.46M · ±10% · vs last sale $1.45M (May 26 2023)
Last sale anchor
$1.45M
May 26 2023
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
$409 / 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
$3,488
Tax year 2024
Assessed value
$255,000
Assessed 2024
Previous assessed
$255,000
+0.0% YoY
Effective rate
1.37%
On assessed value
Assessed land
$255,000
Applied tax rate
6.0000
Comparables
6 recent transactions · within 1.5 miComparable in this city
6 recent transactions
Comparable in this City
Similar Nearby for Sale
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
Parking lots & garages
Use group
PARKING LOT
Status
Off-Market
Year built
1946
Heating
NONE
Total area
3,250 SF
Lot
0.07 ac (3,253 SF)
Zoning code
LAC2
APN
6067-006-031
UPID
US09-7644629
Jurisdiction
LOS ANGELES
Metro division
LOS ANGELES-LONG BEACH-GLENDALE, CA METROPOLITAN DIVISION
Zoning & alternative use
LAC2 · Los Angeles, CA
Zoning LAC2 · permitted uses
LAC2 · Los Angeles, CA
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Los Angeles. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
PARKING LOT Current
Est. value
$2.0M
AUTO REPAIR, GARAGE
Est. value
$1.8M
OFFICE BUILDING
Est. value
$1.6M
PARKING LOT Current
AUTO REPAIR, GARAGE
OFFICE BUILDING
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
1946
Heating
NONE
Lot
0.07 ac
Current owner
From public records · entity-resolved
Myoung Wook Shin
Individual
Mailing address
8105 E LOFTWOOD LN, ORANGE, CA 92867-6513
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2023
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
11 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
May 26, 2023
—
Myoung Wook Shin
Eunice Eunkyung Song
Quit Claim Deed
related
$1,800,000 · American Continental Bank
May 26, 2023
$1,450,000
Myoung Wook Shin
Liquor 1940 INC
Grant Deed
—
Aug 1, 2016
$1,250,000
Liquor 1940 INC
K & W INC
Grant Deed
$2,075,000 · Open Bank
Dec 15, 2009
—
K & W INC
Myung S S & Y H J Trust
Quit Claim Deed
related
—
Oct 13, 2009
—
Myung S S & Y H J Living Trust
K & W
Quit Claim Deed
related
—
Apr 24, 2009
—
Thomas G Urrea
Urrea,thomas G JR & Yolanda
Quit Claim Deed
related
—
Apr 24, 2009
$750,000
K & W INC
Thomas G Urrea
Grant Deed
$995,000 · Saehan Bank
Feb 10, 2006
—
Thomas G Urrea JR.
Urrea,thomas G JR
Quit Claim Deed
related
—
Feb 15, 1996
—
Urrea,john G Tr
—
Deed Of Trust
related
—
Jun 17, 1994
—
Urrea,dolores G Tr
—
Deed Of Trust
related
—
—
—
K & W INC
—
Deed Of Trust
related
$150,000 · Thomas G & Yolanda Urrea
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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