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Property profile & analytics
OFF-MARKET
Estimated value
$8,800,000
Warehouses
15431 Blackburn Ave, Norwalk, CA 90650-6844
Individually Owned
1-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US09-6411394
Property profile
Verified
Property type
Warehouses
Use group
WAREHOUSE, STORAGE
Year built
1977
Construction
TILT-UP CONCRETE
Total area
24,021 SF
Lot
1.34 ac (58,461 SF)
Zoning code
NOM2*
APN
8082-033-026
UPID
US09-6411394
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
-
Covered California - Norwalk Insurance Agency
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$8.80M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$6.68M
Blend (final)
Blend
$8.80M
Owner & transaction history
Keun Min Jung · 1 yrs held
Keun Min Jung
since 2024
Last sale
$8.8M
7 recorded transactions
Zoning & alternative use
NOM2* · Norwalk, CA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Neighborhood: shopping center
$14.6M
+107.1%
Office building
$11.2M
+58.3%
Auto repair, garage
$11.1M
+57.4%
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 Norwalk submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Norwalk 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
$8,800,000
ML approach
$8,800,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
WAREHOUSE, STORAGE
$7,060,000
Current use
NEIGHBORHOOD: SHOPPING CENTER
$14,620,000
Change: +107% · Conversion: Moderate
OFFICE BUILDING
$11,170,000
Change: +58% · Conversion: Difficult
AUTO REPAIR, GARAGE
$11,110,000
Change: +57% · Conversion: Easy
MEDICAL BUILDING
$10,920,000
Change: +55% · Conversion: Difficult
RETAIL STORES
$8,645,000
Change: +23% · Conversion: Moderate
COMMERCIAL (GENERAL)
$7,420,000
Change: +5% · Conversion: Difficult
Blend value · Realmo final
$8.80M
Range $7.92M – $9.68M · ±10% · vs last sale $8.80M (Nov 6 2024)
Last sale anchor
$8.80M
Nov 6 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
$366 / 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
$33,833
Tax year 2024
Assessed value
$2,382,716
Assessed 2024
Previous assessed
$2,382,716
+0.0% YoY
Effective rate
1.42%
On assessed value
Assessed land
$1,324,322
Assessed improvement
$1,058,394
Applied tax rate
13.0000
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
24,021 SF
Lot
1.34 ac (58,461 SF)
Zoning code
NOM2*
APN
8082-033-026
UPID
US09-6411394
Jurisdiction
LOS ANGELES
Metro division
LOS ANGELES-LONG BEACH-GLENDALE, CA METROPOLITAN DIVISION
Zoning & alternative use
NOM2* · Norwalk, CA
Zoning NOM2* · permitted uses
NOM2* · Norwalk, CA
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Norwalk. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
WAREHOUSE, STORAGE Current
Est. value
$7.1M
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$14.6M
OFFICE BUILDING
Est. value
$11.2M
AUTO REPAIR, GARAGE
Est. value
$11.1M
MEDICAL BUILDING
Est. value
$10.9M
RETAIL STORES
Est. value
$8.6M
COMMERCIAL (GENERAL)
Est. value
$7.4M
WAREHOUSE, STORAGE Current
NEIGHBORHOOD: SHOPPING CENTER
OFFICE BUILDING
AUTO REPAIR, GARAGE
MEDICAL BUILDING
RETAIL STORES
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
1.34 ac
Current owner
From public records · entity-resolved
Keun Min Jung
Individual
Mailing address
5970 DL STA, BUENA PARK, CA 90621-2150
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
19 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Dec 23, 2024
—
Keun Min Jung
Keun Min Jung
Deed
related
—
Nov 6, 2024
$8,799,000
Keun Min Jung
Norwalk Thirteen LLC
Grant Deed
$6,160,000 · Bbcn Bank
Nov 6, 2024
—
Keun Min Jung
Sung Ok Min
Intrafamily Transfer
related
—
Nov 1, 2018
—
Norwalk Industrial Sub LLC
Norwalk Indl Sub Exchange LLC
Quit Claim Deed
$4,250,000 · Miscellaneous Ins Co
Sep 22, 2017
$27,076,000
Norwalk Indl Sub Exchange LLC
Majestic-norwalk LLC
Grant Deed
related
—
Mar 10, 2009
—
Majestic-norwalk LLC
—
Deed Of Trust
related
$6,700,000 · John Hancock Life Insurance Co
Dec 1, 2005
—
Principal R/e Holding Co LLC
Principal Life Insurance
Quit Claim Deed
—
Nov 30, 2005
—
Principal Life Insurance Co
Pfg Norwalk
Grant Deed
—
Mar 20, 2002
—
Majestic Norwalk LLC
—
Deed Of Trust
related
$6,800,000 · Sunamerica Life Insurance Co
—
—
Pfg Norwalk LP
—
Deed Of Trust
related
$310,000 · Principal Life Insurance Co
—
—
Pfg Norwalk LP
—
Deed Of Trust
related
$420,000 · Principal Life Insurance Co
—
—
Pfg Norwalk LP
—
Deed Of Trust
related
$810,000 · Principal Life Insurance Co
—
—
Pfg Norwalk LP
—
Deed Of Trust
related
$597,370 · Principal Life Insurance Co
—
—
Pfg Norwalk LP
—
Deed Of Trust
related
$275,000 · Principal Life Insurance Co
—
—
Pfg Norwalk LP
—
Deed Of Trust
related
$400,000 · Principal Life Insurance Co
—
—
Pfg Norwalk LP
—
Deed Of Trust
related
$686,596 · Principal Life Insurance Co
—
—
Pfg Norwalk LP
—
Deed Of Trust
related
$770,000 · Principal Life Insurance Co
—
—
Pfg Norwalk LP
—
Deed Of Trust
related
$400,000 · Principal Life Insurance Co
—
—
Majestic-norwalk LLC
—
Deed Of Trust
related
$8,600,000 · Rga Reinsurance Co
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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