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Property profile & analytics
OFF-MARKET
Estimated value
$1,555,000
Office buildings
1117 Goodrich Blvd, Commerce, CA 90022-5104
Trust Owned
8-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US09-6945300
Property profile
Verified
Property type
Office buildings
Use group
OFFICE BUILDING
Year built
1955
Construction
TILT-UP CONCRETE
Total area
7,782 SF
Lot
0.25 ac (10,686 SF)
Zoning code
LCM1*
APN
6340-008-022
UPID
US09-6945300
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
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$1.57M
Blend (final)
Blend
$1.56M
Owner & transaction history
Martinez,rafael & Guadalupe Trust · 8 yrs held
Martinez,rafael & Guadalupe Trust
since 2017
7 recorded transactions
Zoning & alternative use
LCM1* · Commerce, CA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Warehouse, storage
$2.2M
+15.3%
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 Commerce submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Commerce 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%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
OFFICE BUILDING
$1,890,000
Current use
WAREHOUSE, STORAGE
$2,175,000
Change: +15% · Conversion: Difficult
RETAIL STORES
$1,750,000
Change: -7% · Conversion: Moderate
APARTMENT HOUSE (5+ UNITS)
$1,535,000
Change: -19% · Conversion: Easy
Blend value · Realmo final
$1.56M
Range $1.40M – $1.71M · ±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
$200 / 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
$17,060
Tax year 2024
Assessed value
$1,147,912
Assessed 2024
Previous assessed
$1,147,912
+0.0% YoY
Effective rate
1.49%
On assessed value
Assessed land
$628,618
Assessed improvement
$519,294
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
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
Office buildings
Use group
OFFICE BUILDING
Status
Off-Market
Year built
1955
Construction
TILT-UP CONCRETE
Heating
NONE
Buildings
2
Stories
1
Total area
7,782 SF
Lot
0.25 ac (10,686 SF)
Zoning code
LCM1*
APN
6340-008-022
UPID
US09-6945300
Jurisdiction
LOS ANGELES
Metro division
LOS ANGELES-LONG BEACH-GLENDALE, CA METROPOLITAN DIVISION
Zoning & alternative use
LCM1* · Commerce, CA
Zoning LCM1* · permitted uses
LCM1* · Commerce, CA
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Commerce. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
OFFICE BUILDING Current
Est. value
$1.9M
WAREHOUSE, STORAGE
Est. value
$2.2M
RETAIL STORES
Est. value
$1.8M
APARTMENT HOUSE (5+ UNITS)
Est. value
$1.5M
OFFICE BUILDING Current
WAREHOUSE, STORAGE
RETAIL STORES
APARTMENT HOUSE (5+ UNITS)
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
1955
Construction
TILT-UP CONCRETE
Heating
NONE
Stories
1
Buildings
2
Lot
0.25 ac
Current owner
From public records · entity-resolved
Martinez,rafael & Guadalupe Trust
Trust
Mailing address
3221 E 4TH ST, LOS ANGELES, CA 90063-3104
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2017
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
Aug 13, 2021
—
Rafael Martinez
—
Deed
related
$265,000 · Sce FCU
Dec 5, 2017
—
Martinez,rafael & Guadalupe Trust
Martinez,rafael
Quit Claim Deed
related
—
May 26, 2005
$810,000
Rafael Martinez
Marcarian,tigran Z & Lilly D
Grant Deed
$690,000 · Tigran Z Marcarian
May 26, 2005
—
Rafael Martinez
Martinez,guadalupe
Quit Claim Deed
related
—
Nov 17, 2004
—
Tigran Z Marcarian
Marcarian,lilly D
Quit Claim Deed
related
—
Aug 21, 1997
—
Lilly D Marcarian
Dunetz,a & L
Grant Deed
related
—
—
—
Alexander Dunetz
—
Deed Of Trust
related
$190,256 · Individual
—
—
Dunetz Alexander
—
Deed Of Trust
related
$105,000 · Garfield Bank
Oct 31, 1968
$125,000
—
—
Grant Deed
related
—
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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