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Property profile & analytics
OFF-MARKET
Estimated value
$665,000
Office buildings
12124 Garfield Ave South Gate, CA 90280-8033
Entity Owned
1-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US09-6871810
Property profile
Verified
Property type
Office buildings
Use group
PROFESSIONAL BUILDING
Year built
1947
Construction
WOOD
Total area
1,829 SF
Lot
0.15 ac (6,618 SF)
Zoning code
SGC3*
APN
6243-014-004
UPID
US09-6871810
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
-
Oxy Dental of Southgate Dental Office
-
Dr. Mitra Simanian Dental Office
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$640k
CAP Approach
CAP
$655k
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$665k
Owner & transaction history
1 Ultra Investment LLC · 1 yrs held
1 Ultra Investment LLC
since 2025
Last sale
$700,000
7 recorded transactions
Zoning & alternative use
SGC3* · South Gate, CA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Medical building
$830,000
+1.4%
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 South Gate submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs South Gate 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
$640,000
ML approach
$640,000
CAP Approach
CAP Return
Estimation
6%
$710,000
6.5%
$655,000
7%
$610,000
Alternative Use
Use
Estimation
OFFICE BUILDING
$820,000
Current use
MEDICAL BUILDING
$830,000
Change: +1% · Conversion: Easy
Blend value · Realmo final
$665k
Range $599k – $732k · ±10% · vs last sale $700k (Apr 30 2025)
Last sale anchor
$700k
Apr 30 2025
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
$364 / 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
$10,472
Tax year 2024
Assessed value
$779,987
Assessed 2024
Previous assessed
$779,987
+0.0% YoY
Effective rate
1.34%
On assessed value
Assessed land
$530,604
Assessed improvement
$249,383
Applied tax rate
7.0000
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
PROFESSIONAL BUILDING
Status
Off-Market
Year built
1947
Construction
WOOD
Heating
NONE
Cooling
OTHER
Stories
1
Units
2
Bathrooms
2
Total area
1,829 SF
Lot
0.15 ac (6,618 SF)
Zoning code
SGC3*
APN
6243-014-004
UPID
US09-6871810
Jurisdiction
LOS ANGELES
Metro division
LOS ANGELES-LONG BEACH-GLENDALE, CA METROPOLITAN DIVISION
Zoning & alternative use
SGC3* · South Gate, CA
Zoning SGC3* · permitted uses
SGC3* · South Gate, CA
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
South Gate. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
OFFICE BUILDING Current
Est. value
$820,000
MEDICAL BUILDING
Est. value
$830,000
OFFICE BUILDING Current
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
1947
Construction
WOOD
Heating
NONE
Cooling
Yes
Stories
1
Units
2
Bathrooms
2
Lot
0.15 ac
Current owner
From public records · entity-resolved
1 Ultra Investment LLC
Entity
Mailing address
936 CRENSHAW BLVD #100, LOS ANGELES, CA 90019-1957
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2025
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
Apr 30, 2025
$700,000
1 Ultra Investment LLC
3 Oxy Investment LLC
Grant Deed
$560,000 · Fifth Third Bank Northern Michigan
Oct 28, 2020
$735,000
3 Oxy Investment LLC
Shafield LLC
Grant Deed
—
Dec 30, 2015
$420,000
Shafield LLC
Maurice D Simanian
Grant Deed
$220,000 · First Citizens Bank & Trust Co
Dec 27, 2013
$415,000
Maurice D Simanian
Gudmundson,richard O & Maria L
Grant Deed
$290,000 · Richard O & Maria L Gudmundson
Sep 16, 1988
$185,000
Midexchange
Borre
Trustees Deed
—
—
—
Gudmundson R O
—
Deed Of Trust
related
$138,750 · Huntington Savings & Loan
—
—
Richard O Gudmundson
—
Deed Of Trust
related
$117,650 · Wells Fargo Bank
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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