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Property profile & analytics
OFF-MARKET
Estimated value
$9,600,000
Warehouses
12900 Alondra Blvd, Cerritos, CA 90703-2108
Individually Owned
1-yr Hold
Absentee Owner
Free & Clear
Property ID
US09-8307847
Property profile
Verified
Property type
Warehouses
Use group
WAREHOUSE, STORAGE
Year built
1977
Construction
TILT-UP CONCRETE
Total area
48,564 SF
Lot
1.72 ac (74,762 SF)
Zoning code
CEADP1
APN
7010-015-038
UPID
US09-8307847
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
$9.60M
CAP Approach
CAP
$9.72M
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$9.60M
Owner & transaction history
Rexford Industrial 12900 Alondra Ll · 1 yrs held
Rexford Industrial 12900 Alondra Ll
since 2024
Last sale
$9.6M
7 recorded transactions
Zoning & alternative use
CEADP1 · Cerritos, CA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Commercial (general)
$15.0M
+1.7%
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 Cerritos submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Cerritos 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
$9,600,000
ML approach
$9,600,000
CAP Approach
CAP Return
Estimation
6%
$10,530,000
6.5%
$9,720,000
7%
$9,025,000
Alternative Use
Use
Estimation
WAREHOUSE, STORAGE
$14,760,000
Current use
COMMERCIAL (GENERAL)
$15,005,000
Change: +2% · Conversion: Difficult
Blend value · Realmo final
$9.60M
Range $8.64M – $10.56M · ±10% · vs last sale $9.60M (Sep 24 2024)
Last sale anchor
$9.60M
Sep 24 2024
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
$198 / 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 2023Property tax & assessments
Tax year 2023
Tax billed
$69,086
Tax year 2023
Assessed value
$5,526,642
Assessed 2024
Previous assessed
$5,418,278
+2.0% YoY
Effective rate
1.25%
On assessed value
Assessed land
$2,763,321
Assessed improvement
$2,763,321
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
Warehouses
Use group
WAREHOUSE, STORAGE
Status
Off-Market
Year built
1977
Construction
TILT-UP CONCRETE
Heating
NONE
Stories
1
Total area
48,564 SF
Lot
1.72 ac (74,762 SF)
Zoning code
CEADP1
APN
7010-015-038
UPID
US09-8307847
Jurisdiction
LOS ANGELES
Metro division
LOS ANGELES-LONG BEACH-GLENDALE, CA METROPOLITAN DIVISION
Zoning & alternative use
CEADP1 · Cerritos, CA
Zoning CEADP1 · permitted uses
CEADP1 · Cerritos, CA
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Cerritos. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
WAREHOUSE, STORAGE Current
Est. value
$14.8M
COMMERCIAL (GENERAL)
Est. value
$15.0M
WAREHOUSE, STORAGE Current
COMMERCIAL (GENERAL)
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
1977
Construction
TILT-UP CONCRETE
Heating
NONE
Stories
1
Lot
1.72 ac
Current owner
From public records · entity-resolved
Rexford Industrial 12900 Alondra Ll
Individual
Free & Clear · 1 yrs held
Mailing address
11620 WILSHIRE BLVD, LOS ANGELES, CA 90025-1706
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2024
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
Sep 24, 2024
$9,600,000
Rexford Industrial 12900 Alondra Ll
Electek
Grant Deed
—
Mar 23, 2011
—
Electek
Sasco
Grant Deed
—
Dec 31, 2003
—
Sasco Electric
Smead,tr
Grant Deed
related
—
Jun 25, 1998
—
Smead,laurence H Trustee
Smead,l H & S L Trustees
Quit Claim Deed
related
—
Sep 19, 1994
—
Smead,laurence H Trustee
Smead,l H & S L Trustees
Quit Claim Deed
related
—
Nov 17, 1992
—
Smead Laurence
—
Deed Of Trust
related
—
—
—
Lawrence H Smead
—
Deed Of Trust
related
$3,050,000 · First Nationwide 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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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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