Add Listing
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    16200 Garfield Ave Paramount, CA 90723-4804
    Back to Search
    Property profile & analytics

    16200 Garfield Ave, Paramount, CA 90723-4804

    View on Map
    • Warehouses
    • 14,737 SF
    • 0.56 lot acres
    Off-Market
    Last Sale Jun 13, 2022
    $3,815,038
    Property ID
    US09-8485634
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.
    Value Estimations
    $4,050,000
    Show details
    Cap Rate Potential
    4.2%
    Warehouses
    Location Intelligence

    Current Use by Public Records

    • All American Wheels / Auto Repair Shop
    • Benest Flooring / Carpet & Flooring Store / Hardware & Home Improvement
    • La chula seafood / Restaurant
    • Act Coleman Machinery / Department Store

    Property Details for 16200 Garfield Ave

    Year built
    1967
    Construction
    TILT-UP CONCRETE
    Lot size
    0.56 lot acres
    Zone code
    PAM1*
    Property type
    Warehouses
    APN
    7102-019-033
    APU
    7102019033

    Sales History

    Date Price Buyer Seller Deed Type Mortgage
    Jun 13, 2022 $3,815,000 Rodolfo Avila Sandoval Sandra Bateman Goodman Grant Deed $2.3M · Lone Oak Fund LLC
    Jun 13, 2022 — Rodolfo Avila Sandoval Cristina Avila Intrafamily Transfer · related —
    Jun 15, 2017 — Larry Kent Goodman — Deed · related $1.4M · First Choice Bank
    Jan 28, 1998 — Goodman,larry K & Sandra B Trust Goodman,l K & S B Trustees Quit Claim Deed · related —
    — — Goodman Family Trust — Deed Of Trust · related $500k · Banco Popular NA
    — — Goodman Trust — Deed Of Trust · related $500k · First State Bank
    — — Goodman Family 1995 Trust — Loan Modification · related —
    — — Goodman Family 1995 Trust — Deed Of Trust · related $250k · Banco Popular NA
    — — Goodman,tr — Deed Of Trust · related $675k · Banco Popular North America
    — — Goodman Trust — Deed Of Trust · related $341k · First State Bank Southern Ca
    — — Goodman Family 1995 Trust — Deed Of Trust · related $1.1M · Banco Popular NA

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      Statistic approach
      $4,610,000
      ML approach
      $4,280,000

    • CAP approach

      CAP Return
      Estimation
      6%
      $3,195,000
      6.5%
      $2,950,000
      7%
      $2,740,000

    • Comparable approach

      Method
      Estimation
      Statistic Estimate
      $4,831,000
      Market price range: $1.97M - $4.83M

    • Alternative Use

      Use
      Estimation
      WAREHOUSE, STORAGE
      $3,795,000
      Current use
      MEDICAL BUILDING
      $6,700,000
      Change: +77% Conversion: Difficult
      OFFICE BUILDING
      $6,610,000
      Change: +74% Conversion: Difficult
      RETAIL STORES
      $5,650,000
      Change: +49% Conversion: Moderate
      COMMERCIAL (GENERAL)
      $4,555,000
      Change: +20% Conversion: Difficult

    Get a detailed, property-specific estimation — fast and free

    Location Insight

    • Map
    • Local Demand
    City
    Paramount
    County
    Los Angeles
    State
    California
    Longitude
    -118.168
    Latitude
    33.8869
    CBSA code
    31080
    CBSA name
    LOS ANGELES-LONG BEACH-ANAHEIM, CA METROPOLITAN STATISTICAL AREA

    Property Tax & Assessments

    Tax date
    Tax Amount
    Assessed Land Value
    Assessed Improvement Value
    Total Assessed Value
    Applied Tax Rate
    Land Market Value
    Improvement Market Value
    Total Market Value
    2024
    $51,687
    $2,601,000
    $1,368,126
    $3,969,126
    -
    $0.00
    $0.00
    $0.00

    Comparable in this City

    • Value Estimation
      $2,230,000
      14,000 SF

      7775 Somerset Blvd

      WAREHOUSE, STORAGE
      7775 Somerset Blvd, Paramount, CA 90723
      View Details
    • Value Estimation
      $1,150,000
      6,901 SF

      7249 Somerset Blvd

      WAREHOUSE, STORAGE
      7249 Somerset Blvd, Paramount, CA 90723-3907
      View Details
    • Value Estimation
      $3,170,000
      26,465 SF

      15500 Texaco Ave

      WAREHOUSE, STORAGE
      15500 Texaco Ave, Paramount, CA 90723-3922
      View Details
    • Value Estimation
      $1,515,000
      9,862 SF

      6840 Walthall Way

      WAREHOUSE, STORAGE
      6840 Walthall Way, Paramount, CA 90723-2028
      View Details
    • Value Estimation
      $1,255,000
      9,914 SF

      7350 Adams St

      WAREHOUSE, STORAGE
      7350 Adams St, Paramount, CA 90723-4008
      View Details
    • Value Estimation
      $1,955,000
      12,000 SF

      15345 Allen St

      WAREHOUSE, STORAGE
      15345 Allen St, Paramount, CA 90723-4011
      View Details

    Similar Nearby for Sale

    • Contact for pricing
      9,165 SF

      Paramount Warehouse with Racking

      Small warehouse building with racking, close to 710 freeway.
      6433 Alondra Blvd, Paramount, CA 90723
      View Details
    • Contact for pricing
      4,800 SF

      Paramount Industrial Building with Yard

      4,800 SF industrial building with fenced yard in Paramount.
      15342 Colorado Ave, Paramount, CA 90723
      View Details
    • Contact for pricing
      2,810 SF

      Paramount Industrial Warehouse Opportunity

      2,810 sq. ft. warehouse with high visibility.
      14905 Paramount Blvd, Paramount, CA 90723
      View Details
    • Contact for pricing
      3,600 SF

      Industrial Warehouse in Paramount City

      Versatile industrial warehouse in Paramount City's industrial district.
      15532 Illinois Ave, Paramount, CA 90723
      View Details
    • Contact for pricing
      9,841 SF

      Paramount Warehouse with Fenced Yard

      9,841 SF building with large fenced yard in Paramount.
      7243 Somerset Blvd, Paramount, CA 90723
      View Details
    • New
      $799,000
      2,243 SF

      Refurbished Flex Office Warehouse

      Fully refurbished office-warehouse unit with a front office and 17-foot clearance inside a secure, fenced business park.
      6411 Alondra Blvd, Paramount, CA 90723
      View Details

    Similar Nearby for Lease

    • Contact for pricing
      3,360 SF

      Paramount Warehouse with Office Space

      Multi-tenant building featuring warehouse and office space for lease.
      7310 Adams St, Paramount, CA 90723
      View Details
    • Contact for pricing
      6,864 SF

      Downey Ave Flex Space Available

      Multi-tenant building with convenient access to major freeways.
      15930-15940 Downey Ave, Paramount, CA 90723
      View Details
    • Contact for pricing
      5,000 SF

      Manufacturing Multi-Tenant Building For Rent

      Centrally located manufacturing building with 20' clear height.
      16100-16122 Orange Ave, Paramount, CA 90723
      View Details
    • Contact for pricing
      2,800 SF

      Industrial Space Near Freeways

      Industrial space with convenient freeway access and no CAM charges.
      14016-14022 Garfield Ave, Paramount, CA 90723
      View Details
    • Contact for pricing

      Industrial Unit in Edmar Park

      4,812 SF industrial unit available for rent.
      14908 Gwenchris Ct, Paramount, CA 90723
      View Details
    • Contact for pricing

      Paramount Industrial Building with Yard

      4,800 SF industrial building with fenced yard for lease.
      15342 Colorado Ave, Paramount, CA 90723
      View Details
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    16200 Garfield Ave
    Paramount, CA 90723-4804
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Thank You for Inquiry
    16200 Garfield Ave, Paramount, CA, 90723
    letter with green check mark
    Check your email
    We sent you the
    agent's contact details. yellow underline
    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!