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Property profile & analytics
OFF-MARKET
Estimated value
$2,365,000
Automotive properties
117 Claressa Ave Avalon, CA 90704-2924
Entity Owned
5-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US09-8762825
Property profile
Verified
Property type
Automotive properties
Use group
VEHICLE SALES, RENTALS
Year built
2006
Construction
TILT-UP CONCRETE
Total area
5,937 SF
Lot
0.06 ac (2,722 SF)
Zoning code
AVC1*
APN
7480-015-018
UPID
US09-8762825
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
$2.30M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$1.56M
Blend (final)
Blend
$2.37M
Owner & transaction history
Wexler Investments LP · 5 yrs held
Wexler Investments LP
since 2021
Last sale
$2.4M
7 recorded transactions
Zoning & alternative use
AVC1* · Avalon, CA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Restaurant
$3.9M
+40.8%
Neighborhood: shopping center
$3.6M
+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 Avalon submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Avalon 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
$2,355,000
ML approach
$2,300,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
AUTO REPAIR, GARAGE
$2,745,000
Current use
RESTAURANT
$3,865,000
Change: +41% · Conversion: Difficult
NEIGHBORHOOD: SHOPPING CENTER
$3,615,000
Change: +32% · Conversion: Difficult
MEDICAL BUILDING
$2,700,000
Change: -2% · Conversion: Difficult
OFFICE BUILDING
$2,665,000
Change: -3% · Conversion: Difficult
RETAIL STORES
$2,275,000
Change: -17% · Conversion: Difficult
Blend value · Realmo final
$2.37M
Range $2.13M – $2.60M · ±10% · vs last sale $2.40M (Jun 3 2021)
Last sale anchor
$2.40M
Jun 3 2021
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
$398 / 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
$49,470
Tax year 2024
Assessed value
$2,546,899
Assessed 2024
Previous assessed
$2,546,899
+0.0% YoY
Effective rate
1.94%
On assessed value
Assessed land
$530,604
Assessed improvement
$2,016,295
Applied tax rate
5.0000
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
Automotive properties
Use group
VEHICLE SALES, RENTALS
Status
Off-Market
Year built
2006
Construction
TILT-UP CONCRETE
Heating
NONE
Stories
1
Total area
5,937 SF
Lot
0.06 ac (2,722 SF)
Zoning code
AVC1*
APN
7480-015-018
UPID
US09-8762825
Jurisdiction
LOS ANGELES
Metro division
LOS ANGELES-LONG BEACH-GLENDALE, CA METROPOLITAN DIVISION
Zoning & alternative use
AVC1* · Avalon, CA
Zoning AVC1* · permitted uses
AVC1* · Avalon, CA
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Avalon. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
AUTO REPAIR, GARAGE Current
Est. value
$2.7M
RESTAURANT
Est. value
$3.9M
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$3.6M
MEDICAL BUILDING
Est. value
$2.7M
OFFICE BUILDING
Est. value
$2.7M
RETAIL STORES
Est. value
$2.3M
AUTO REPAIR, GARAGE Current
RESTAURANT
NEIGHBORHOOD: SHOPPING CENTER
MEDICAL BUILDING
OFFICE BUILDING
RETAIL STORES
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
2006
Construction
TILT-UP CONCRETE
Heating
NONE
Stories
1
Lot
0.06 ac
Current owner
From public records · entity-resolved
Wexler Investments LP
Entity
Mailing address
9903 SANTA MONICA BLVD #2700, BEVERLY HILLS, CA 90212-1606
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2021
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
Jun 3, 2021
$2,400,000
Wexler Investments LP
Michael W King
Grant Deed
$700,000 · John Regalado
Oct 3, 2016
—
John G Regalado
Davidson,rebecca R
Quit Claim Deed
related
$900,000 · Us Bank NA
Apr 1, 2008
—
Michael W King
King,michael W
Quit Claim Deed
related
—
Jan 28, 2005
—
Michael W King
—
Trustees Deed
related
$1,095,000 · Spectrum Bank
Oct 20, 2000
—
Michael W King
King,s L
Quit Claim Deed
related
—
Oct 18, 2000
$440,000
Michael W King
Loskamp,alvin N & Faye I
Grant Deed
$374,000 · Us Bank NA
Feb 15, 2000
—
Loskamp,harry K & Elizabeth M Tr
Loskamp,h K
Quit Claim Deed
related
—
Sep 19, 1996
—
Loskamp,alvin N & Faye I Trustee
Loskamp,a N & F I
Quit Claim Deed
related
—
Aug 28, 1996
—
Alvin N Loskamp
Loskamp,a N & F I Trustees
Quit Claim Deed
related
—
Jul 13, 1993
—
Loskamp Alvin N
—
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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