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Property profile & analytics
OFF-MARKET
Estimated value
$590,000
Auto shops
11523 Bellflower Blvd Downey, CA 90241-5304
Individually Owned
5-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US09-6278949
Property profile
Verified
Property type
Auto shops
Use group
AUTO REPAIR, GARAGE
Year built
1969
Construction
TILT-UP CONCRETE
Total area
1,542 SF
Lot
0.1 ac (4,392 SF)
Zoning code
DOC2*
APN
6256-001-027
UPID
US09-6278949
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
-
Garfield Smog Check Sustainability Organization
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$550k
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$590k
Owner & transaction history
Oscar Lopez · 5 yrs held
Oscar Lopez
since 2020
Last sale
$580,005
7 recorded transactions
Zoning & alternative use
DOC2* · Downey, CA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Neighborhood: shopping center
$940,000
+31.6%
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 Downey submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Downey 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
$640,000
ML approach
$550,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
AUTO REPAIR, GARAGE
$715,000
Current use
NEIGHBORHOOD: SHOPPING CENTER
$940,000
Change: +32% · Conversion: Difficult
MEDICAL BUILDING
$700,000
Change: -2% · Conversion: Difficult
Blend value · Realmo final
$590k
Range $531k – $649k · ±10% · vs last sale $580k (Oct 2 2020)
Last sale anchor
$580k
Oct 2 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
$383 / 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
$8,174
Tax year 2024
Assessed value
$635,662
Assessed 2024
Previous assessed
$635,662
+0.0% YoY
Effective rate
1.29%
On assessed value
Assessed land
$318,362
Assessed improvement
$317,300
Applied tax rate
3.0000
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
Auto shops
Use group
AUTO REPAIR, GARAGE
Status
Off-Market
Year built
1969
Construction
TILT-UP CONCRETE
Heating
NONE
Stories
1
Units
1
Total area
1,542 SF
Lot
0.1 ac (4,392 SF)
Zoning code
DOC2*
APN
6256-001-027
UPID
US09-6278949
Jurisdiction
LOS ANGELES
Metro division
LOS ANGELES-LONG BEACH-GLENDALE, CA METROPOLITAN DIVISION
Zoning & alternative use
DOC2* · Downey, CA
Zoning DOC2* · permitted uses
DOC2* · Downey, CA
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Downey. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
AUTO REPAIR, GARAGE Current
Est. value
$715,000
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$940,000
MEDICAL BUILDING
Est. value
$700,000
AUTO REPAIR, GARAGE Current
NEIGHBORHOOD: SHOPPING CENTER
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
1969
Construction
TILT-UP CONCRETE
Heating
NONE
Stories
1
Units
1
Lot
0.1 ac
Current owner
From public records · entity-resolved
Oscar Lopez
Individual
Mailing address
7408 CIRO ST, DOWNEY, CA 90240-3116
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
10 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jan 3, 2023
—
Oscar Lopez
—
Deed
related
$407,000 · Velocity Commercial Capital LLC
Oct 2, 2020
—
Oscar Lopez
Elizabeth A Merida
Quit Claim Deed
related
—
Oct 2, 2020
$580,000
Oscar Lopez
Tran Gia B Living Trust
Grant Deed
$399,000 · Balboa LLC
Dec 10, 2004
—
Tran Gia B Trust
Tran,gia B
Quit Claim Deed
related
—
Oct 1, 2001
—
Gia B Tran
Dong,m T
Quit Claim Deed
related
—
Oct 1, 2001
$214,000
Gia B Tran
Atalla,maher A
Grant Deed
$181,500 · Us Bank NA
Mar 24, 2000
$160,000
Maher A Atalla
Lagousis Trust
Grant Deed
$136,000 · Us Bank NA
Mar 6, 1991
$190,000
Jim Lagousis
Hansen Haldor S
Grant Deed
—
—
—
Lagousis Trust
—
Deed Of Trust
related
$35,000 · Individual
—
—
Jim Lagousis
—
Deed Of Trust
related
$15,000 · Downey National Bank
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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