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Property profile & analytics
OFF-MARKET
Estimated value
$2,305,000
Retail space
11917 Paramount Blvd Downey, CA 90242-2371
Entity Owned
2-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US09-6460353
Property profile
Verified
Property type
Retail space
Use group
RETAIL STORES (PERSONAL SERVICES)
Year built
1988
Construction
WOOD
Total area
3,612 SF
Lot
0.2 ac (8,749 SF)
Zoning code
DOC1*
APN
6246-001-027
UPID
US09-6460353
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
-
El Azteca Taqueria Restaurant
-
The Studio X Co. Hair Salon Nail Salon
-
d'casti photography Photography Service (Bike/Boat/Book/etc) Store
-
Hi-Tek Solutions Tech Support Center IT Consulting Firm
-
Amazon Hub Counter - Hi-Tek Solutions Courier Service Postal Service
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$2.31M
CAP Approach
CAP
$1.41M
Comparable Approach
Comparable
by Request
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
$12,654
Tax year 2024
Assessed value
$975,000
Assessed 2024
Previous assessed
$975,000
+0.0% YoY
Effective rate
1.30%
On assessed value
Assessed land
$575,000
Assessed improvement
$400,000
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
WOOD
Heating
NONE
Cooling
YES
Stories
1
Units
4
Bathrooms
4
Total area
3,612 SF
Lot
0.2 ac (8,749 SF)
Zoning code
DOC1*
APN
6246-001-027
UPID
US09-6460353
Jurisdiction
LOS ANGELES
Metro division
LOS ANGELES-LONG BEACH-GLENDALE, CA METROPOLITAN DIVISION
Zoning & alternative use
DOC1* · Downey, CAZoning DOC1* · permitted uses
DOC1* · Downey, CA
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
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
WOOD
Heating
NONE
Cooling
Yes
Stories
1
Units
4
Bathrooms
4
Lot
0.2 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
—
Apr 23, 1992
—
Walid M Et Al Nabulsi
—
Deed Of Trust
related
—
Nov 13, 1991
$400,000
Walid Nabulshi
Cascio,matilde H
Grant Deed
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.
Try Rey
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