Back to Search
Property profile & analytics
OFF-MARKET
Estimated value
$770,000
Apartment buildings
12215 223rd St Hawaiian Gardens, CA 90716-1506
Entity Owned
5-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US10-0051727
Property profile
Verified
Property type
Apartment buildings
Use group
APARTMENT HOUSE (5+ UNITS)
Year built
1949
Construction
WOOD
Total area
2,440 SF
Lot
0.12 ac (5,236 SF)
Zoning code
HGR2*
APN
7076-036-015
UPID
US10-0051727
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
$755k
CAP Approach
CAP
$605k
Comparable Approach
Comparable
$943k
Blend (final)
Blend
$770k
Owner & transaction history
Dhoor LLC · 5 yrs held
Dhoor LLC
since 2021
Last sale
$800,008
7 recorded transactions
Zoning & alternative use
HGR2* · Hawaiian Gardens, CA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Auto repair, garage
$1.1M
+47.5%
Medical building
$1.1M
+44.9%
Office building
$1.1M
+43.0%
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 Hawaiian Gardens submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Hawaiian Gardens 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
$730,000
ML approach
$755,000
CAP Approach
CAP Return
Estimation
6%
$655,000
6.5%
$605,000
7%
$560,000
Alternative Use
Use
Estimation
APARTMENT HOUSE (5+ UNITS)
$765,000
Current use
AUTO REPAIR, GARAGE
$1,130,000
Change: +47% · Conversion: Difficult
MEDICAL BUILDING
$1,110,000
Change: +45% · Conversion: Moderate
OFFICE BUILDING
$1,095,000
Change: +43% · Conversion: Moderate
RETAIL STORES
$935,000
Change: +22% · Conversion: Difficult
COMMERCIAL (GENERAL)
$755,000
Change: -1% · Conversion: Moderate
WAREHOUSE, STORAGE
$715,000
Change: -6% · Conversion: Difficult
Blend value · Realmo final
$770k
Range $693k – $847k · ±10% · vs last sale $800k (Jun 30 2021)
Last sale anchor
$800k
Jun 30 2021
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
$316 / 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
$11,429
Tax year 2024
Assessed value
$849,716
Assessed 2024
Previous assessed
$849,716
+0.0% YoY
Effective rate
1.35%
On assessed value
Assessed land
$583,664
Assessed improvement
$266,052
Applied tax rate
2.0000
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
Apartment buildings
Use group
APARTMENT HOUSE (5+ UNITS)
Status
Off-Market
Year built
1949
Construction
WOOD
Heating
FLOOR/WALL FURNACE
Cooling
YES
Buildings
2
Units
5
Bathrooms
5
Total area
2,440 SF
Lot
0.12 ac (5,236 SF)
Zoning code
HGR2*
APN
7076-036-015
UPID
US10-0051727
Jurisdiction
LOS ANGELES
Metro division
LOS ANGELES-LONG BEACH-GLENDALE, CA METROPOLITAN DIVISION
Zoning & alternative use
HGR2* · Hawaiian Gardens, CA
Zoning HGR2* · permitted uses
HGR2* · Hawaiian Gardens, CA
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Hawaiian Gardens. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
APARTMENT HOUSE (5+ UNITS) Current
Est. value
$765,000
AUTO REPAIR, GARAGE
Est. value
$1.1M
MEDICAL BUILDING
Est. value
$1.1M
OFFICE BUILDING
Est. value
$1.1M
RETAIL STORES
Est. value
$935,000
COMMERCIAL (GENERAL)
Est. value
$755,000
WAREHOUSE, STORAGE
Est. value
$715,000
APARTMENT HOUSE (5+ UNITS) Current
AUTO REPAIR, GARAGE
MEDICAL BUILDING
OFFICE BUILDING
RETAIL STORES
COMMERCIAL (GENERAL)
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
1949
Construction
WOOD
Heating
FLOOR/WALL FURNACE
Cooling
Yes
Buildings
2
Units
5
Bathrooms
5
Lot
0.12 ac
Current owner
From public records · entity-resolved
Dhoor LLC
Entity
Mailing address
2810 LONGLEY WAY, ARCADIA, CA 91007-8535
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2021
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
8 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jan 26, 2023
—
Dhoor LLC
—
Deed
related
$1,600,000 · Pcb Bank
Jun 30, 2021
$800,000
Dhoor LLC
Peggy Marie Clewett
Grant Deed
$560,000 · Banner Bank
Apr 26, 2021
—
Peggy Marie Clewett
Carol Jean Willett
Quit Claim Deed
related
—
Jul 30, 2019
—
Carol J Willett
Furgeson Lonny W L/tr
Quit Claim Deed
related
—
May 20, 2009
—
Furgeson Lonny W Living Trust
Furgeson,lonny W
Quit Claim Deed
related
—
Nov 4, 2003
—
Lonny W Furgeson
Furgeson,tr
Quit Claim Deed
related
—
May 5, 1992
—
Furgeson Gladys M Tr
—
Deed Of Trust
related
—
Apr 14, 1992
—
Furgeson Gladys M Tr
—
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.
Try Rey
Ask anything about this address in plain English.
“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
You own 12215 223rd St?
List it free. Reach 20,000 daily buyers.
We’ve already pulled the facts. Confirm photos + price and you’re live in 2 minutes.
List this address →
Full reports are paid
Unlock the full Property Analytics report
Start free for 7 days — no card required. Full owner contacts, all 4 valuations with methodology, refine flow, comparable adjustments, foot-traffic deep dive, export to PDF / CSV.
