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Property profile & analytics
OFF-MARKET
Estimated value
$98,180,000
Apartment buildings
11900 Centralia Rd Hawaiian Gardens, CA 90716-2200
Entity Owned
6-yr Hold
~
Est. High Equity
Property ID
US09-8528048
Property profile
Verified
Property type
Apartment buildings
Use group
APARTMENT HOUSE (5+ UNITS)
Year built
1971
Construction
WOOD
Total area
235,971 SF
Lot
10.58 ac (460,725 SF)
Zoning code
HGC4*
APN
7065-003-036
UPID
US09-8528048
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
$91.23M
Blend (final)
Blend
$98.18M
Owner & transaction history
Centralia Affordable Communities LP · 6 yrs held
Centralia Affordable Communities LP
since 2020
Last sale
$100.0M
7 recorded transactions
Zoning & alternative use
HGC4* · Hawaiian Gardens, CA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Restaurant
$153.7M
+107.6%
Neighborhood: shopping center
$143.6M
+94.1%
Auto repair, garage
$109.1M
+47.5%
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 Hawaiian Gardens submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Hawaiian Gardens 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
$101,485,000
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
APARTMENT HOUSE (5+ UNITS)
$74,010,000
Current use
RESTAURANT
$153,660,000
Change: +108% · Conversion: Difficult
NEIGHBORHOOD: SHOPPING CENTER
$143,610,000
Change: +94% · Conversion: Difficult
AUTO REPAIR, GARAGE
$109,145,000
Change: +47% · Conversion: Difficult
MEDICAL BUILDING
$107,270,000
Change: +45% · Conversion: Moderate
OFFICE BUILDING
$105,840,000
Change: +43% · Conversion: Moderate
RETAIL STORES
$90,435,000
Change: +22% · Conversion: Difficult
COMMERCIAL (GENERAL)
$72,910,000
Change: -1% · Conversion: Moderate
Blend value · Realmo final
$98.18M
Range $88.36M – $108.00M · ±10% · vs last sale $100.00M (Jan 24 2020)
Last sale anchor
$100.00M
Jan 24 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
$416 / 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
$85,308
Tax year 2024
Assessed value
$107,139,793
Assessed 2024
Previous assessed
$107,139,793
+0.0% YoY
Effective rate
0.08%
On assessed value
Assessed land
$23,588,445
Assessed improvement
$83,551,348
Applied tax rate
2.0000
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
Apartment buildings
Use group
APARTMENT HOUSE (5+ UNITS)
Status
Off-Market
Year built
1971
Construction
WOOD
Heating
NONE
Units
264
Bathrooms
18
Total area
235,971 SF
Lot
10.58 ac (460,725 SF)
Zoning code
HGC4*
APN
7065-003-036
UPID
US09-8528048
Jurisdiction
LOS ANGELES
Metro division
LOS ANGELES-LONG BEACH-GLENDALE, CA METROPOLITAN DIVISION
Zoning & alternative use
HGC4* · Hawaiian Gardens, CA
Zoning HGC4* · permitted uses
HGC4* · Hawaiian Gardens, CA
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Hawaiian Gardens. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
APARTMENT HOUSE (5+ UNITS) Current
Est. value
$74.0M
RESTAURANT
Est. value
$153.7M
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$143.6M
AUTO REPAIR, GARAGE
Est. value
$109.1M
MEDICAL BUILDING
Est. value
$107.3M
OFFICE BUILDING
Est. value
$105.8M
RETAIL STORES
Est. value
$90.4M
COMMERCIAL (GENERAL)
Est. value
$72.9M
APARTMENT HOUSE (5+ UNITS) Current
RESTAURANT
NEIGHBORHOOD: SHOPPING CENTER
AUTO REPAIR, GARAGE
MEDICAL BUILDING
OFFICE BUILDING
RETAIL STORES
COMMERCIAL (GENERAL)
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
1971
Construction
WOOD
Heating
NONE
Units
264
Bathrooms
18
Lot
10.58 ac
Current owner
From public records · entity-resolved
Centralia Affordable Communities LP
Entity
Mailing address
PO BOX 880367, SAN DIEGO, CA 92168-0367
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
7 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Oct 27, 2021
—
Vs Hawaiian Gardens LLC
—
Deed
related
$672,000 · Celtic Bank Corporation
Jan 24, 2020
$10,000,000
Centralia Affordable Communities LP
Hawaiian Gardens Housing Partners L
Grant Deed
$14,150,000 · California Statewide Communities Develom
Jun 1, 2018
—
Hawaiian Gardens Housing Partners L
—
Deed
related
$12,449,000 · Dougherty Mortgage LLC
Jul 20, 2016
—
Hawaiian Gardens Housing Partners L
—
Deed
related
$8,150,000 · Dougherty Mortgage LLC
Aug 3, 2004
—
Hawaiian Gardens Housing Partn
Hawaiian Gardens Apartments
Quit Claim Deed
related
$20,200,000 · California Statewide Communite
Sep 3, 1970
—
—
—
Grant Deed
related
—
—
—
Hawaiian Gardens Apartments
—
Deed Of Trust
related
$9,320,300 · Tri Capital Corp
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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