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Property profile & analytics
OFF-MARKET
Estimated value
$1,325,000
Parking lots & garages
1212 Pacific Coast Hwy Wilmington, CA 90744-2731
Individually Owned
2-yr Hold
Free & Clear
Property ID
US09-7188302
Property profile
Verified
Property type
Parking lots & garages
Use group
PARKING LOT
Year built
1960
Construction
WOOD
Total area
1,700 SF
Lot
0.04 ac (1,953 SF)
Zoning code
LAC1
APN
7425-021-001
UPID
US09-7188302
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
$985k
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$1.45M
Blend (final)
Blend
$1.33M
Owner & transaction history
Chul Hyuk Kim · 2 yrs held
Chul Hyuk Kim
since 2023
Last sale
$1.6M
5 recorded transactions
Zoning & alternative use
LAC1 · Wilmington, CA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Neighborhood: shopping center
$1.0M
+14.1%
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 Wilmington submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Wilmington 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
$1,000,000
ML approach
$985,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
PARKING LOT
$905,000
Current use
NEIGHBORHOOD: SHOPPING CENTER
$1,035,000
Change: +14% · Conversion: Difficult
Blend value · Realmo final
$1.33M
Range $1.19M – $1.46M · ±10% · vs last sale $1.60M (Nov 30 2023)
Last sale anchor
$1.60M
Nov 30 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
$779 / 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
$1,389
Tax year 2024
Assessed value
$100,000
Assessed 2024
Previous assessed
$100,000
+0.0% YoY
Effective rate
1.39%
On assessed value
Assessed land
$100,000
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
Parking lots & garages
Use group
PARKING LOT
Status
Off-Market
Year built
1960
Construction
WOOD
Heating
NONE
Total area
1,700 SF
Lot
0.04 ac (1,953 SF)
Zoning code
LAC1
APN
7425-021-001
UPID
US09-7188302
Jurisdiction
LOS ANGELES
Metro division
LOS ANGELES-LONG BEACH-GLENDALE, CA METROPOLITAN DIVISION
Zoning & alternative use
LAC1 · Wilmington, CAZoning LAC1 · permitted uses
LAC1 · Wilmington, 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
PARKING LOT Current
Est. value
$905,000
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$1.0M
PARKING LOT Current
NEIGHBORHOOD: SHOPPING CENTER
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
1960
Construction
WOOD
Heating
NONE
Lot
0.04 ac
Current owner
From public records · entity-resolved
Chul Hyuk Kim
Individual
Free & Clear · 2 yrs held
Mailing address
1212 E PACIFIC COAST HWY, WILMINGTON, CA 90744-2731
Mailing matches property
Yes
Owner-occupied
Yes
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
5 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Nov 30, 2023
$1,600,000
Chul Hyuk Kim
Mary Amescua
Grant Deed
—
Nov 30, 2023
—
Victoria Amescua Salazar
George Salazar
Intrafamily Transfer
related
$1,351,500 · Open Bank
Aug 29, 1996
—
Amescua,mary Trustee
Amescua,m
Quit Claim Deed
related
—
Feb 6, 1996
—
Mary Amescua
Amescua,l
Quit Claim Deed
related
—
Apr 21, 1994
—
Amescua Leonard Decd Est Of
—
Deed Of Trust
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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