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Property profile & analytics
OFF-MARKET
Estimated value
$830,000
Apartment buildings
1602 San Luis St Compton, CA 90221-2974
Individually Owned
4-yr Hold
~
Est. High Equity
Property ID
US09-6449545
Property profile
Verified
Property type
Apartment buildings
Use group
APARTMENT HOUSE (5+ UNITS)
Year built
1908
Construction
WOOD
Total area
3,772 SF
Lot
0.13 ac (5,788 SF)
Zoning code
COPRH*
APN
6183-005-001
UPID
US09-6449545
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
$770k
CAP Approach
CAP
$935k
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$830k
Owner & transaction history
Victor Manuel Palacios · 4 yrs held
Victor Manuel Palacios
since 2022
Last sale
$870,008
7 recorded transactions
Zoning & alternative use
COPRH* · Compton, CA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Warehouse, storage
$1.3M
+59.6%
Commercial (general)
$860,000
+5.8%
Auto repair, garage
$840,000
+3.9%
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 Compton submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Compton 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
$720,000
ML approach
$770,000
CAP Approach
CAP Return
Estimation
6%
$1,010,000
6.5%
$935,000
7%
$865,000
Alternative Use
Use
Estimation
APARTMENT HOUSE (5+ UNITS)
$810,000
Current use
WAREHOUSE, STORAGE
$1,295,000
Change: +60% · Conversion: Difficult
COMMERCIAL (GENERAL)
$860,000
Change: +6% · Conversion: Moderate
AUTO REPAIR, GARAGE
$840,000
Change: +4% · Conversion: Difficult
OFFICE BUILDING
$745,000
Change: -8% · Conversion: Moderate
Blend value · Realmo final
$830k
Range $747k – $913k · ±10% · vs last sale $870k (Feb 17 2022)
Last sale anchor
$870k
Feb 17 2022
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
$220 / 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
$16,289
Tax year 2024
Assessed value
$905,148
Assessed 2024
Previous assessed
$905,148
+0.0% YoY
Effective rate
1.80%
On assessed value
Assessed land
$520,200
Assessed improvement
$384,948
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
1908
Construction
WOOD
Heating
NONE
Cooling
YES
Buildings
2
Units
5
Bathrooms
5
Total area
3,772 SF
Lot
0.13 ac (5,788 SF)
Zoning code
COPRH*
APN
6183-005-001
UPID
US09-6449545
Jurisdiction
LOS ANGELES
Metro division
LOS ANGELES-LONG BEACH-GLENDALE, CA METROPOLITAN DIVISION
Zoning & alternative use
COPRH* · Compton, CA
Zoning COPRH* · permitted uses
COPRH* · Compton, CA
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Compton. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
APARTMENT HOUSE (5+ UNITS) Current
Est. value
$810,000
WAREHOUSE, STORAGE
Est. value
$1.3M
COMMERCIAL (GENERAL)
Est. value
$860,000
AUTO REPAIR, GARAGE
Est. value
$840,000
OFFICE BUILDING
Est. value
$745,000
APARTMENT HOUSE (5+ UNITS) Current
WAREHOUSE, STORAGE
COMMERCIAL (GENERAL)
AUTO REPAIR, GARAGE
OFFICE BUILDING
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
1908
Construction
WOOD
Heating
NONE
Cooling
Yes
Buildings
2
Units
5
Bathrooms
5
Lot
0.13 ac
Current owner
From public records · entity-resolved
Victor Manuel Palacios
Individual
Mailing address
1602 E SAN LUIS ST, COMPTON, CA 90221-2974
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
2022
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
Feb 17, 2022
$870,000
Victor Manuel Palacios
Janice Wineke
Grant Deed
$652,500 · Velocity Commercial Capital LLC
Feb 17, 2022
—
Janice Wineke
Janice Wineke
Intrafamily Transfer
related
—
May 9, 2017
—
Huston,sydney G Trust
—
Deed
related
$299,426 · Holland Vicki Trust (pt)
Nov 10, 2016
—
Huston,sydney G Trust
Huston,sydney G
Quit Claim Deed
related
—
May 1, 2015
$500,000
Sydney G Huston
Aguilar Eloisa I Trust
Grant Deed
$300,000 · Aguilar Eloisa I Trust (pt)
Apr 7, 2008
—
Aguilar Eloisa I Trust
Aguilar Eloisa
Quit Claim Deed
related
—
Oct 31, 1972
$12,000
—
—
Grant Deed
related
—
—
—
Huston,sydney G Trust
—
Deed Of Trust
related
$299,426 · Holland Vicki Trust (pt)
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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