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Property profile & analytics
OFF-MARKET
Estimated value
$2,855,000
Manufacturing properties
1131 Florence Ave Inglewood, CA 90302-1725
Entity Owned
6-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US09-6484065
Property profile
Verified
Property type
Manufacturing properties
Use group
MANUFACTURING (LIGHT)
Year built
1949
Construction
WOOD
Total area
11,113 SF
Lot
0.32 ac (14,104 SF)
Zoning code
INM1YY
APN
4013-008-005
UPID
US09-6484065
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
-
R2p Auto Center Auto Repair Shop
-
Woven Accents Warehouse & Storage
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$3.86M
CAP Approach
CAP
$2.13M
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$2.86M
Owner & transaction history
1131 Florence LLC · 6 yrs held
1131 Florence LLC
since 2020
Last sale
$3.1M
7 recorded transactions
Zoning & alternative use
INM1YY · Inglewood, CA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Retail stores
$4.0M
+15.7%
Office building
$3.7M
+9.3%
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 Inglewood submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Inglewood 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
$3,500,000
ML approach
$3,855,000
CAP Approach
CAP Return
Estimation
6%
$2,300,000
6.5%
$2,125,000
7%
$1,970,000
Alternative Use
Use
Estimation
INDUSTRIAL (GENERAL)
$3,415,000
Current use
RETAIL STORES
$3,950,000
Change: +16% · Conversion: Moderate
OFFICE BUILDING
$3,735,000
Change: +9% · Conversion: Difficult
WAREHOUSE, STORAGE
$3,265,000
Change: -4% · Conversion: Easy
Blend value · Realmo final
$2.86M
Range $2.57M – $3.14M · ±10% · vs last sale $3.05M (Jun 10 2020)
Last sale anchor
$3.05M
Jun 10 2020
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
$257 / 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
$42,519
Tax year 2024
Assessed value
$3,270,213
Assessed 2024
Previous assessed
$3,270,213
+0.0% YoY
Effective rate
1.30%
On assessed value
Assessed land
$2,680,504
Assessed improvement
$589,709
Applied tax rate
4.0000
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
Manufacturing properties
Use group
MANUFACTURING (LIGHT)
Status
Off-Market
Year built
1949
Construction
WOOD
Heating
NONE
Stories
1
Units
1
Total area
11,113 SF
Lot
0.32 ac (14,104 SF)
Zoning code
INM1YY
APN
4013-008-005
UPID
US09-6484065
Jurisdiction
LOS ANGELES
Metro division
LOS ANGELES-LONG BEACH-GLENDALE, CA METROPOLITAN DIVISION
Zoning & alternative use
INM1YY · Inglewood, CAZoning INM1YY · permitted uses
INM1YY · Inglewood, CA
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Alternative use value scenarios
Repositioning upside vs current use
INDUSTRIAL (GENERAL) Current
Est. value
$3.4M
RETAIL STORES
Est. value
$4.0M
OFFICE BUILDING
Est. value
$3.7M
WAREHOUSE, STORAGE
Est. value
$3.3M
INDUSTRIAL (GENERAL) Current
RETAIL STORES
OFFICE BUILDING
WAREHOUSE, STORAGE
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
1949
Construction
WOOD
Heating
NONE
Stories
1
Units
1
Lot
0.32 ac
Current owner
From public records · entity-resolved
1131 Florence LLC
Entity
Mailing address
8674 MELROSE AVE, WEST HOLLYWOOD, CA 90069-5023
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2020
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
8 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
May 13, 2021
—
1131 Florence LLC
—
Deed
related
$1,338,000 · Cdc Small Business Finance Corp
Jun 10, 2020
$3,050,000
1131 Florence LLC
Bobby Reynolds
Grant Deed
$1,625,000 · First Republic Bank
Mar 23, 2017
—
Bobby Reynolds
Davis-reynolds,nathelene
Quit Claim Deed
related
—
Mar 21, 2017
—
Bobby Reynolds
Reynolds,bobby
Quit Claim Deed
related
$790,000 · Velocity Com'l Cap
Feb 28, 2003
$340,000
Bobby Reynolds
Greenberg,tr
Grant Deed
$219,700 · Interbay Funding LLC
Aug 2, 1999
—
Greenberg,albert A Trustee
Greenberg,a A
Quit Claim Deed
related
—
Mar 23, 1998
—
Albert A Greenberg
Greenberg,a A & C Trustees
Quit Claim Deed
related
—
Aug 14, 1997
—
Greenberg,norma E Tr
—
Deed Of Trust
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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