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Property profile & analytics
OFF-MARKET
Estimated value
$3,390,000
Office buildings
12027 Paramount Blvd Downey, CA 90242-2307
Individually Owned
2-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US09-7464705
Property profile
Verified
Property type
Office buildings
Use group
OFFICE BUILDING
Year built
1978
Construction
WOOD
Total area
9,504 SF
Lot
0.26 ac (11,138 SF)
Zoning code
DOC1*
APN
6246-011-004
UPID
US09-7464705
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
-
Cal State Escrow Inc Bank Loan Service
-
F7 Asset Management LLC Corporate Office Financial Advisor
-
Silvia Berrios, First Family Homes Real Estate Agency
-
ALMONT Capital Financial Services LLC Financial Advisor
-
SPADA Mortgage Loan Service Bank
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$3.25M
CAP Approach
CAP
$3.58M
Comparable Approach
Comparable
$4.00M
Blend (final)
Blend
$3.39M
Owner & transaction history
Joseph Lange · 2 yrs held
Joseph Lange
since 2023
Last sale
$3.3M
7 recorded transactions
Zoning & alternative use
DOC1* · Downey, CA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Auto repair, garage
$4.4M
+46.4%
Medical building
$4.3M
+43.8%
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
$3,525,000
ML approach
$3,250,000
CAP Approach
CAP Return
Estimation
6%
$3,880,000
6.5%
$3,580,000
7%
$3,325,000
Alternative Use
Use
Estimation
OFFICE BUILDING
$3,005,000
Current use
AUTO REPAIR, GARAGE
$4,395,000
Change: +46% · Conversion: Difficult
MEDICAL BUILDING
$4,320,000
Change: +44% · Conversion: Easy
COMMERCIAL (GENERAL)
$2,935,000
Change: -2% · Conversion: Easy
WAREHOUSE, STORAGE
$2,790,000
Change: -7% · Conversion: Difficult
RETAIL STORES
$2,755,000
Change: -8% · Conversion: Moderate
Blend value · Realmo final
$3.39M
Range $3.05M – $3.73M · ±10% · vs last sale $3.30M (Nov 13 2023)
Last sale anchor
$3.30M
Nov 13 2023
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
$357 / 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
$37,300
Tax year 2024
Assessed value
$2,900,000
Assessed 2024
Previous assessed
$2,900,000
+0.0% YoY
Effective rate
1.29%
On assessed value
Assessed land
$1,100,000
Assessed improvement
$1,800,000
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
Office buildings
Use group
OFFICE BUILDING
Status
Off-Market
Year built
1978
Construction
WOOD
Heating
NONE
Stories
1
Total area
9,504 SF
Lot
0.26 ac (11,138 SF)
Zoning code
DOC1*
APN
6246-011-004
UPID
US09-7464705
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
OFFICE BUILDING Current
Est. value
$3.0M
AUTO REPAIR, GARAGE
Est. value
$4.4M
MEDICAL BUILDING
Est. value
$4.3M
COMMERCIAL (GENERAL)
Est. value
$2.9M
WAREHOUSE, STORAGE
Est. value
$2.8M
RETAIL STORES
Est. value
$2.8M
OFFICE BUILDING Current
AUTO REPAIR, GARAGE
MEDICAL BUILDING
COMMERCIAL (GENERAL)
WAREHOUSE, STORAGE
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
1978
Construction
WOOD
Heating
NONE
Stories
1
Lot
0.26 ac
Current owner
From public records · entity-resolved
Joseph Lange
Individual
Mailing address
2201 N POINSETTIA AVE, MANHATTAN BEACH, CA 90266-2659
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2023
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
18 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Nov 13, 2023
$3,300,000
Joseph Lange
Soo Mi Park
Grant Deed
$1,605,000 · Allstar Financial Services INC
Mar 12, 2021
—
Soo Mi Park
Chul Park
Intrafamily Transfer
—
Nov 19, 2019
—
Yoo J Lee
—
Deed
related
$5,000,000 · Bank Of Hope
Dec 11, 2018
—
Yoo J Lee
—
Deed
related
$6,000,000 · Bank Of Hope
Mar 16, 2018
—
Yoo J Lee
Yoo,joo L
Quit Claim Deed
related
$10,000,000 · Bank Of Hope
May 18, 2016
—
Joo L Yoo
—
Deed
related
$10,000,000 · Bbcn Bk
Dec 31, 2013
—
Joo L Yoo
Pmc Bancorp
Grant Deed
—
Aug 17, 2005
—
Pmc Bancorp
—
Deed Of Trust
related
$6,000,000 · Centerbank
Mar 2, 2005
—
Pmc Bancorp
Owner Name Unavailable
Grant Deed
$4,000,000 · Saehan Bank
Aug 13, 2003
—
Professional Mortgage INC
—
Deed Of Trust
related
$2,000,000 · Saehan Bank
Jan 8, 2003
—
Professional Mortgage INC
Kim,soo M
Grant Deed
related
$1,000,000 · Saehan Bank
Jan 26, 1999
—
Professional Mortgage Corp
—
Deed Of Trust
related
—
Mar 12, 1998
$426,000
Soo M Kim
Flaskamper,ray
Grant Deed
$350,000 · Seller
—
—
Joo L Yoo
—
Loan Modification
related
$10,000,000 · Bbcn Bk
—
—
Yoo J Lee
—
Loan Modification
related
—
—
—
Yoo J Lee
—
Deed Of Trust
related
$5,000,000 · Bank Of Hope
—
—
Professional Mortgage Corp
—
Deed Of Trust
related
$200,000 · Individual
—
—
Yoo J Lee
—
Deed Of Trust
related
$6,000,000 · Bank Of Hope
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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