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Property profile & analytics
OFF-MARKET
Estimated value
$3,955,000
Investment properties
12049 Paramount Blvd Downey, CA 90242-2337
Entity Owned
3-yr Hold
Absentee Owner
Free & Clear
Property ID
US09-6351529
Property profile
Verified
Property type
Investment properties
Use group
OFFICE/RESIDENTIAL (MIXED USE)
Year built
1958
Construction
WOOD
Total area
16,784 SF
Lot
0.65 ac (28,422 SF)
Zoning code
DOC1*
APN
6246-011-027
UPID
US09-6351529
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
-
Lashed by Anneth Hair Salon
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$4.55M
Comparable Approach
Comparable
$2.46M
Blend (final)
Blend
$3.96M
Owner & transaction history
Melnic Properties LLC · 3 yrs held
Melnic Properties LLC
since 2022
7 recorded transactions
Zoning & alternative use
DOC1* · Downey, CA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Office building
$5.3M
+2.3%
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
by Request
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
$4,930,000
6.5%
$4,550,000
7%
$4,225,000
Alternative Use
Use
Estimation
COMMERCIAL (GENERAL)
$5,185,000
Current use
OFFICE BUILDING
$5,305,000
Change: +2% · Conversion: Easy
WAREHOUSE, STORAGE
$4,930,000
Change: -5% · Conversion: Difficult
RETAIL STORES
$4,870,000
Change: -6% · Conversion: Easy
Blend value · Realmo final
$3.96M
Range $3.56M – $4.35M · ±10%
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
$236 / 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
$89,910
Tax year 2024
Assessed value
$7,153,018
Assessed 2024
Previous assessed
$7,153,018
+0.0% YoY
Effective rate
1.26%
On assessed value
Assessed land
$3,216,605
Assessed improvement
$3,936,413
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
Investment properties
Use group
OFFICE/RESIDENTIAL (MIXED USE)
Status
Off-Market
Year built
1958
Construction
WOOD
Heating
NONE
Buildings
2
Units
28
Bathrooms
28
Total area
16,784 SF
Lot
0.65 ac (28,422 SF)
Zoning code
DOC1*
APN
6246-011-027
UPID
US09-6351529
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
COMMERCIAL (GENERAL) Current
Est. value
$5.2M
OFFICE BUILDING
Est. value
$5.3M
WAREHOUSE, STORAGE
Est. value
$4.9M
RETAIL STORES
Est. value
$4.9M
COMMERCIAL (GENERAL) Current
OFFICE BUILDING
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
1958
Construction
WOOD
Heating
NONE
Buildings
2
Units
28
Bathrooms
28
Lot
0.65 ac
Current owner
From public records · entity-resolved
Melnic Properties LLC
Entity
Free & Clear · 3 yrs held
Mailing address
27050 BIG HORN MTN WAY, YORBA LINDA, CA 92887-4210
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2022
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 20, 2022
—
Melnic Properties LLC
The Mendez Family Limited Partnersh
Grant Deed
—
Jan 3, 2022
—
The Mendez Family Limited Partnersh
Melnic Properties LLC
Grant Deed
$2,505,000 · Jpmorgan Chase Bank NA
Jul 26, 2019
—
Melnic Properties LLC
Melcar Investments LP
Grant Deed
$2,125,000 · Luther Burbank Savings
Mar 29, 2013
$3,115,000
Melcar Investments LP
Mpn 14 Limited Partnership
Grant Deed
$2,336,250 · Luther Burbank Savings
Apr 22, 2005
—
Mpn-14
Nijjar,michael P S
Grant Deed
$4,550,000 · Reliastar Life Insurance Co
Jun 28, 2002
—
M Nijjar
Building Exchange
Grant Deed
related
—
Mar 18, 1959
—
Dohrman Dohrman
—
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.
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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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