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Property profile & analytics
OFF-MARKET
Estimated value
$4,245,000
Apartment buildings
13220 Cordary Ave Hawthorne, CA 90250-6152
Entity Owned
1-yr Hold
~
Est. High Equity
Property ID
US09-6922852
Property profile
Verified
Property type
Apartment buildings
Use group
APARTMENT HOUSE (5+ UNITS)
Year built
1986
Construction
WOOD
Total area
12,096 SF
Lot
0.26 ac (11,200 SF)
Zoning code
HAR3YY
APN
4050-024-031
UPID
US09-6922852
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
$4.25M
CAP Approach
CAP
$3.00M
Comparable Approach
Comparable
$4.23M
Blend (final)
Blend
$4.25M
Owner & transaction history
Neo Stepney LLC · 1 yrs held
Neo Stepney LLC
since 2024
Last sale
$4.2M
7 recorded transactions
Zoning & alternative use
HAR3YY · Hawthorne, CA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Auto repair, garage
$5.6M
+85.7%
Medical building
$5.5M
+82.6%
Office building
$5.4M
+80.1%
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 Hawthorne submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Hawthorne 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
$4,245,000
ML approach
$4,245,000
CAP Approach
CAP Return
Estimation
6%
$3,245,000
6.5%
$2,995,000
7%
$2,780,000
Alternative Use
Use
Estimation
APARTMENT HOUSE (5+ UNITS)
$3,010,000
Current use
AUTO REPAIR, GARAGE
$5,595,000
Change: +86% · Conversion: Difficult
MEDICAL BUILDING
$5,500,000
Change: +83% · Conversion: Moderate
OFFICE BUILDING
$5,425,000
Change: +80% · Conversion: Moderate
RETAIL STORES
$3,740,000
Change: +24% · Conversion: Difficult
WAREHOUSE, STORAGE
$3,555,000
Change: +18% · Conversion: Difficult
Blend value · Realmo final
$4.25M
Range $3.82M – $4.67M · ±10% · vs last sale $4.24M (Oct 16 2024)
Last sale anchor
$4.24M
Oct 16 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
$351 / 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
$43,678
Tax year 2024
Assessed value
$3,329,283
Assessed 2024
Previous assessed
$3,329,283
+0.0% YoY
Effective rate
1.31%
On assessed value
Assessed land
$826,061
Assessed improvement
$2,503,222
Applied tax rate
4.0000
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
1986
Construction
WOOD
Heating
NONE
Units
14
Bathrooms
16
Total area
12,096 SF
Lot
0.26 ac (11,200 SF)
Zoning code
HAR3YY
APN
4050-024-031
UPID
US09-6922852
Jurisdiction
LOS ANGELES
Metro division
LOS ANGELES-LONG BEACH-GLENDALE, CA METROPOLITAN DIVISION
Zoning & alternative use
HAR3YY · Hawthorne, CA
Zoning HAR3YY · permitted uses
HAR3YY · Hawthorne, CA
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Hawthorne. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
APARTMENT HOUSE (5+ UNITS) Current
Est. value
$3.0M
AUTO REPAIR, GARAGE
Est. value
$5.6M
MEDICAL BUILDING
Est. value
$5.5M
OFFICE BUILDING
Est. value
$5.4M
RETAIL STORES
Est. value
$3.7M
WAREHOUSE, STORAGE
Est. value
$3.6M
APARTMENT HOUSE (5+ UNITS) Current
AUTO REPAIR, GARAGE
MEDICAL BUILDING
OFFICE BUILDING
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
1986
Construction
WOOD
Heating
NONE
Units
14
Bathrooms
16
Lot
0.26 ac
Current owner
From public records · entity-resolved
Neo Stepney LLC
Entity
Mailing address
13220 CORDARY AVE E STE #1800, HAWTHORNE, CA 90250-6152
Mailing matches property
Yes
Owner-occupied
Yes
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
9 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Oct 16, 2024
$4,243,000
Neo Stepney LLC
Space Odyssey LLC
Grant Deed
—
Nov 4, 2019
—
Space Odyssey LLC
—
Deed
related
$2,860,000 · Capital One Bank NA
Aug 25, 2016
$2,926,000
Space Odyssey LLC
Blue Water Asset Management LP
Grant Deed
$1,625,000 · Sabal Capital II LLC
Aug 25, 2016
—
Blue Water Asset Management LP
M & M Asset Management Gp
Quit Claim Deed
—
Feb 4, 2000
$770,000
M & M Asset Mgmt
Chrisman Trust
Grant Deed
related
$577,500 · Washington Mutual Fsb
Dec 2, 1996
—
Clarence H Chrisman
Chrisman,c H & C D
Quit Claim Deed
related
—
—
—
M & M Asset Management Gp
—
Deed Of Trust
related
$746,250 · Washington Mutual Fsb
—
—
M & M Asset Management Gp
—
Deed Of Trust
related
$1,155,000 · Citibank West Fsb
—
—
Clarence H Chrisman
—
Deed Of Trust
related
$650,000 · Glendale Federal 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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