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Property profile & analytics
OFF-MARKET
Estimated value
$1,090,000
Manufacturing properties
15223 Grevillea Ave Lawndale, CA 90260-2019
Trust Owned
~
Est. High Equity
Property ID
US09-9814586
Property summary
AI-generated overview
This exceptional owner-user opportunity presents a 5,450-square-foot warehouse in Lawndale, California. Located at 15223 Grevillea Ave, 90260, this property boasts two distinct structures: a dedicated autobody garage and a two-story building. The two-story building offers a reception area, ample storage space, and office areas, providing versatile functionality. The entire property sits on a substantial 9,026-square-foot lot, zoned LNM1YY. Built in 1958, this property is priced at $1,550,000, translating to $284.40 per square foot. The property consists of one unit and is currently vacant, with an occupancy date of October 5, 2024. The APN is 4079003033. This is a rare chance to acquire a well-situated industrial property in a thriving Los Angeles County location, ideal for an owner-occupier seeking a blend of warehouse and office space. The property's layout and size offer significant potential for various business applications. The vacant status allows for immediate customization to meet specific operational needs. Don't miss this chance to secure a prime industrial asset in Lawndale.
Property profile
Verified
Property type
Manufacturing properties
Use group
MANUFACTURING (LIGHT)
Year built
1958
Construction
TILT-UP CONCRETE
Total area
5,450 SF
Lot
0.21 ac (9,024 SF)
Zoning code
LNM1YY
APN
4079-003-033
UPID
US09-9814586
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
by Request
CAP Approach
CAP
$980k
Comparable Approach
Comparable
$776k
Blend (final)
Blend
$1.09M
Owner & transaction history
Vargas Family Trust
Vargas Family Trust
since 2025
Last sale
$1.3M
1 recorded transaction
Zoning & alternative use
LNM1YY · Lawndale, CA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Commercial (general)
$1.7M
+13.7%
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 Lawndale submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Lawndale 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
by Request
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
$1,060,000
6.5%
$980,000
7%
$910,000
Alternative Use
Use
Estimation
INDUSTRIAL (GENERAL)
$1,480,000
Current use
COMMERCIAL (GENERAL)
$1,685,000
Change: +14% · Conversion: Difficult
Blend value · Realmo final
$1.09M
Range $981k – $1.20M · ±10% · vs last sale $1.30M (Dec 23 2025)
Last sale anchor
$1.30M
Dec 23 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
$200 / 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
$5,643
Tax year 2024
Assessed value
$281,946
Assessed 2024
Previous assessed
$281,946
+0.0% YoY
Effective rate
2.00%
On assessed value
Assessed land
$103,887
Assessed improvement
$178,059
Applied tax rate
12.0000
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
Manufacturing properties
Use group
MANUFACTURING (LIGHT)
Status
Off-Market
Year built
1958
Construction
TILT-UP CONCRETE
Heating
NONE
Buildings
2
Stories
1
Units
1
Total area
5,450 SF
Lot
0.21 ac (9,024 SF)
Zoning code
LNM1YY
APN
4079-003-033
UPID
US09-9814586
Jurisdiction
LOS ANGELES
Metro division
LOS ANGELES-LONG BEACH-GLENDALE, CA METROPOLITAN DIVISION
Zoning & alternative use
LNM1YY · Lawndale, CA
Zoning LNM1YY · permitted uses
LNM1YY · Lawndale, CA
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Lawndale. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
INDUSTRIAL (GENERAL) Current
Est. value
$1.5M
COMMERCIAL (GENERAL)
Est. value
$1.7M
INDUSTRIAL (GENERAL) 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
1958
Construction
TILT-UP CONCRETE
Heating
NONE
Stories
1
Buildings
2
Units
1
Lot
0.21 ac
Current owner
From public records · entity-resolved
Vargas Family Trust
Trust
Mailing address
15223 GREVILLEA AVE, LAWNDALE, CA 90260-2019
Mailing matches property
Yes
Owner-occupied
Yes
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
1 recorded event · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Dec 23, 2025
$1,300,000
Vargas Family Trust
Patrick O'reardon
Grant Deed
$1,256,000 · Patrick O'reardon
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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