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Property profile & analytics
OFF-MARKET
Estimated value
$515,000
Investment properties
121 Claressa Ave Avalon, CA 90704-2832
Trust Owned
16-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US09-8669908
Property profile
Verified
Property type
Investment properties
Use group
OFFICE/RESIDENTIAL (MIXED USE)
Year built
1912
Total area
2,001 SF
Lot
0.03 ac (1,385 SF)
Zoning code
AVC1*
APN
7480-015-009
UPID
US09-8669908
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
$345k
CAP Approach
CAP
$625k
Comparable Approach
Comparable
$360k
Blend (final)
Blend
$515k
Owner & transaction history
Heim Carl M III Family Trust · 16 yrs held
Heim Carl M III Family Trust
since 2009
7 recorded transactions
Zoning & alternative use
AVC1* · Avalon, CA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Retail stores
$765,000
+24.0%
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 Avalon submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Avalon 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
$345,000
CAP Approach
CAP Return
Estimation
6%
$675,000
6.5%
$625,000
7%
$580,000
Alternative Use
Use
Estimation
COMMERCIAL (GENERAL)
$620,000
Current use
RETAIL STORES
$765,000
Change: +24% · Conversion: Easy
WAREHOUSE, STORAGE
$590,000
Change: -5% · Conversion: Difficult
Blend value · Realmo final
$515k
Range $464k – $567k · ±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
$257 / 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
$17,608
Tax year 2024
Assessed value
$836,099
Assessed 2024
Previous assessed
$836,099
+0.0% YoY
Effective rate
2.11%
On assessed value
Assessed land
$379,649
Assessed improvement
$456,450
Applied tax rate
5.0000
Comparables
6 recent transactions · within 1.5 miComparable in this city
6 recent transactions
Comparable in this City
Similar Nearby for Sale
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
1912
Heating
NONE
Cooling
YES
Stories
1
Units
3
Bathrooms
2
Total area
2,001 SF
Lot
0.03 ac (1,385 SF)
Zoning code
AVC1*
APN
7480-015-009
UPID
US09-8669908
Jurisdiction
LOS ANGELES
Metro division
LOS ANGELES-LONG BEACH-GLENDALE, CA METROPOLITAN DIVISION
Zoning & alternative use
AVC1* · Avalon, CA
Zoning AVC1* · permitted uses
AVC1* · Avalon, CA
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Avalon. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
COMMERCIAL (GENERAL) Current
Est. value
$620,000
RETAIL STORES
Est. value
$765,000
WAREHOUSE, STORAGE
Est. value
$590,000
COMMERCIAL (GENERAL) Current
RETAIL STORES
WAREHOUSE, STORAGE
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
1912
Heating
NONE
Cooling
Yes
Stories
1
Units
3
Bathrooms
2
Lot
0.03 ac
Current owner
From public records · entity-resolved
Heim Carl M III Family Trust
Trust
Mailing address
209 S LA ESPERANZA, SAN CLEMENTE, CA 92672-3114
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2009
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
14 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Sep 8, 2009
—
Heim Carl M III Family Trust
Heim,carl M
Quit Claim Deed
related
—
Aug 6, 2009
$650,000
Carl M Heim
Jpmorgan Chase Bank NA
Grant Deed
—
Jun 5, 2009
$1,280,063
Jpmorgan Chase Bank NA
California Reconveyance Co
Trustees Deed
related
—
May 1, 2007
—
James Kennedy
Calla Properties INC
Grant Deed
$1,087,500 · Washington Mutual Bank Fa
Oct 12, 2005
—
Calla Properties INC
Calla Properties INC
Quit Claim Deed
related
$920,000 · No Lender On Document
Jun 20, 2003
—
Calla Properties INC
Kennedy,james
Grant Deed
$600,000 · Stickney Trust
Oct 10, 2001
—
Alvin N Loskamp
Loskamp,a N & F I Tr
Quit Claim Deed
related
—
Oct 10, 2001
$360,000
James Kennedy
Loskamp Trust
Grant Deed
$260,000 · Stickney Trust
Feb 15, 2000
—
Loskamp,harry K & Elizabeth M Tr
Loskamp,h K
Quit Claim Deed
related
—
Sep 19, 1996
—
Loskamp,alvin N & Faye I Trustee
Loskamp,a N & F I
Quit Claim Deed
related
—
Aug 28, 1996
—
Alvin N Loskamp
Loskamp,a N & F I Trustees
Quit Claim Deed
related
—
Jul 13, 1993
—
Loskamp Alvin N
—
Deed Of Trust
related
—
—
—
James Kennedy
—
Deed Of Trust
related
$395,000 · Stickney Trust
—
—
Calla Properties INC
—
Deed Of Trust
related
$70,000 · Strock Psp
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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