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Property profile & analytics
OFF-MARKET
Estimated value
$2,305,000
Retail space
11915 Paramount Blvd Downey, CA 90242
Entity Owned
2-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US09-6467101
Property profile
Verified
Property type
Retail space
Use group
RETAIL STORES (PERSONAL SERVICES)
Year built
1988
Construction
TILT-UP CONCRETE
Total area
3,612 SF
Lot
0.32 ac (13,976 SF)
Zoning code
DOC1
APN
6246-001-030
UPID
US09-6467101
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
$2.31M
CAP Approach
CAP
$1.41M
Comparable Approach
Comparable
$1.66M
Blend (final)
Blend
$2.31M
Owner & transaction history
Downey Safari Properties LLC · 2 yrs held
Downey Safari Properties LLC
since 2024
Last sale
$2.3M
7 recorded transactions
Zoning & alternative use
DOC1 · Downey, CA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Neighborhood: shopping center
$2.2M
+109.8%
Auto repair, garage
$1.7M
+59.4%
Medical building
$1.6M
+56.7%
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
$2,305,000
ML approach
$2,305,000
CAP Approach
CAP Return
Estimation
6%
$1,520,000
6.5%
$1,405,000
7%
$1,305,000
Alternative Use
Use
Estimation
NEIGHBORHOOD: SHOPPING CENTER
$2,200,000
Change: +110% · Conversion: Moderate
AUTO REPAIR, GARAGE
$1,670,000
Change: +59% · Conversion: Difficult
MEDICAL BUILDING
$1,640,000
Change: +57% · Conversion: Difficult
Blend value · Realmo final
$2.31M
Range $2.07M – $2.54M · ±10% · vs last sale $2.31M (Apr 17 2024)
Last sale anchor
$2.31M
Apr 17 2024
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
$638 / 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
$19,586
Tax year 2024
Assessed value
$1,330,000
Assessed 2024
Previous assessed
$1,330,000
+0.0% YoY
Effective rate
1.47%
On assessed value
Assessed land
$925,000
Assessed improvement
$405,000
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
Retail space
Use group
RETAIL STORES (PERSONAL SERVICES)
Status
Off-Market
Year built
1988
Construction
TILT-UP CONCRETE
Heating
NONE
Cooling
YES
Stories
1
Total area
3,612 SF
Lot
0.32 ac (13,976 SF)
Zoning code
DOC1
APN
6246-001-030
UPID
US09-6467101
Jurisdiction
LOS ANGELES
Metro division
LOS ANGELES-LONG BEACH-GLENDALE, CA METROPOLITAN DIVISION
Zoning & alternative use
DOC1 · Downey, CA
Zoning DOC1 · permitted uses
DOC1 · 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
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$2.2M
AUTO REPAIR, GARAGE
Est. value
$1.7M
MEDICAL BUILDING
Est. value
$1.6M
NEIGHBORHOOD: SHOPPING CENTER
AUTO REPAIR, GARAGE
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
1988
Construction
TILT-UP CONCRETE
Heating
NONE
Cooling
Yes
Stories
1
Lot
0.32 ac
Current owner
From public records · entity-resolved
Downey Safari Properties LLC
Entity
Mailing address
45 COPPER CRK, IRVINE, CA 92603-0304
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2024
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
Apr 17, 2024
—
Downey Safari Properties LLC
Ramin Jafari
Intrafamily Transfer
related
—
Jul 17, 2023
$2,305,000
Ramin Jafari
Richardson C Griswold
Grant Deed
—
Apr 24, 2023
—
Aladdin Mohammed Nabulsi
Aladdin Mohammed Nabulsi
Intrafamily Transfer
related
—
Oct 12, 2022
—
Richardson Griswold
—
Deed
related
$20,000 · Glan Investments LLC
Jan 25, 2021
—
Adnan Nabulsi
Adnan Mohammed
Quit Claim Deed
related
—
Dec 30, 2013
—
Nabulsi,walid M Living Trust
Nabulsi,walid M
Quit Claim Deed
related
—
Nov 13, 1991
$400,000
Walid Nabulshi
Cascio,matilde H
Grant Deed
related
—
—
—
Walid M Nabulsi
—
Deed Of Trust
related
$200,000 · Bank Of The West
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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