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Property profile & analytics
OFF-MARKET
Estimated value
$2,535,000
Office buildings
11515 Artesia Blvd, Artesia, CA 90701-3852
Entity Owned
6-yr Hold
~
Est. High Equity
Property ID
US09-8575613
Property profile
Verified
Property type
Office buildings
Use group
OFFICE BUILDING
Year built
1970
Construction
TILT-UP CONCRETE
Total area
5,092 SF
Lot
0.53 ac (23,097 SF)
Zoning code
ATCG*
APN
7035-003-053
UPID
US09-8575613
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
-
Mercy LTC & Specialty Pharmacy Pharmacy
-
The Medicine Shoppe® Pharmacy Pharmacy
-
Practical Data Processing Marketing & Advertising (Bike/Boat/Book/etc) Store
-
Karlinsky Company Hardware & Home Improvement Home Appliance Store
-
tax fee schedule Consultant
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$1.83M
Comparable Approach
Comparable
$3.14M
Blend (final)
Blend
$2.54M
Owner & transaction history
Ly Real Estate Holding LLC · 6 yrs held
Ly Real Estate Holding LLC
since 2019
7 recorded transactions
Zoning & alternative use
ATCG* · Artesia, CA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Restaurant
$3.3M
+45.2%
Neighborhood: shopping center
$3.1M
+35.7%
Auto repair, garage
$2.4M
+3.1%
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 Artesia submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Artesia 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%
$1,980,000
6.5%
$1,825,000
7%
$1,695,000
Alternative Use
Use
Estimation
OFFICE BUILDING
$2,285,000
Current use
RESTAURANT
$3,315,000
Change: +45% · Conversion: Moderate
NEIGHBORHOOD: SHOPPING CENTER
$3,100,000
Change: +36% · Conversion: Difficult
AUTO REPAIR, GARAGE
$2,355,000
Change: +3% · Conversion: Difficult
RETAIL STORES
$2,330,000
Change: +2% · Conversion: Moderate
MEDICAL BUILDING
$2,315,000
Change: +1% · Conversion: Easy
Blend value · Realmo final
$2.54M
Range $2.28M – $2.79M · ±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
$498 / 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
$25,511
Tax year 2024
Assessed value
$2,010,376
Assessed 2024
Previous assessed
$2,010,376
+0.0% YoY
Effective rate
1.27%
On assessed value
Assessed land
$1,715,522
Assessed improvement
$294,854
Applied tax rate
13.0000
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
1970
Construction
TILT-UP CONCRETE
Heating
NONE
Stories
1
Total area
5,092 SF
Lot
0.53 ac (23,097 SF)
Zoning code
ATCG*
APN
7035-003-053
UPID
US09-8575613
Jurisdiction
LOS ANGELES
Metro division
LOS ANGELES-LONG BEACH-GLENDALE, CA METROPOLITAN DIVISION
Zoning & alternative use
ATCG* · Artesia, CA
Zoning ATCG* · permitted uses
ATCG* · Artesia, CA
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Artesia. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
OFFICE BUILDING Current
Est. value
$2.3M
RESTAURANT
Est. value
$3.3M
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$3.1M
AUTO REPAIR, GARAGE
Est. value
$2.4M
RETAIL STORES
Est. value
$2.3M
MEDICAL BUILDING
Est. value
$2.3M
OFFICE BUILDING Current
RESTAURANT
NEIGHBORHOOD: SHOPPING CENTER
AUTO REPAIR, GARAGE
RETAIL STORES
MEDICAL 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
1970
Construction
TILT-UP CONCRETE
Heating
NONE
Stories
1
Lot
0.53 ac
Current owner
From public records · entity-resolved
Ly Real Estate Holding LLC
Entity
Mailing address
11515 ARTESIA BLVD, ARTESIA, CA 90701-3852
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
2019
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
Sep 13, 2019
—
Ly Real Estate Holding LLC
—
Deed
related
$937,500 · Bank Of America
Aug 22, 2019
$1,875,000
Ly Real Estate Holding LLC
Ho-nguyen Family Trust
Grant Deed
$774,000 · Ampac Tri-st Cdc
Nov 10, 2016
—
Ho-nguyen Family Trust
—
Deed
related
$150,000 · Adleson P M 2008 Tr (pt)
Dec 3, 2003
—
Ho,tr
Ho,van T & Thi L
Quit Claim Deed
related
—
Feb 14, 1995
$450,000
Van T Ho
United Food & Commercial Worke
Grant Deed
$315,000 · First Interstate Bank Californ
—
—
Ly Real Estate Holding LLC
—
Deed Of Trust
related
$937,500 · Bank Of America
—
—
Ho-nguyen Family Trust
—
Deed Of Trust
related
$150,000 · Adleson P M 2008 Tr (pt)
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.
Try Rey
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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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