New search
Property profile & analytics
OFF-MARKET
Estimated value
$2,450,000
Manufacturing properties
16257 Illinois Ave, Paramount, CA 90723-4903
Entity Owned
3-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US09-8566717
Property profile
Verified
Property type
Manufacturing properties
Use group
MANUFACTURING (LIGHT)
Year built
1982
Construction
TILT-UP CONCRETE
Total area
4,361 SF
Lot
0.28 ac (12,392 SF)
Zoning code
PAM2*
APN
7102-018-033
UPID
US09-8566717
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
-
L & J Supply Co Distribution Center Logistics Company
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$2.60M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$1.51M
Blend (final)
Blend
$2.45M
Owner & transaction history
Vaishali Prashant Ingle LLC · 3 yrs held
Vaishali Prashant Ingle LLC
since 2022
Last sale
$2.5M
7 recorded transactions
Zoning & alternative use
PAM2* · Paramount, CA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Neighborhood: shopping center
$2.7M
+145.8%
Auto repair, garage
$2.0M
+86.8%
Medical building
$2.0M
+83.6%
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 Paramount submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Paramount 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
$3,060,000
ML approach
$2,600,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
NEIGHBORHOOD: SHOPPING CENTER
$2,655,000
Change: +146% · Conversion: Difficult
AUTO REPAIR, GARAGE
$2,015,000
Change: +87% · Conversion: Easy
MEDICAL BUILDING
$1,980,000
Change: +84% · Conversion: Difficult
OFFICE BUILDING
$1,955,000
Change: +81% · Conversion: Difficult
RETAIL STORES
$1,670,000
Change: +55% · Conversion: Moderate
Blend value · Realmo final
$2.45M
Range $2.21M – $2.70M · ±10% · vs last sale $2.54M (Sep 14 2022)
Last sale anchor
$2.54M
Sep 14 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
$562 / 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
$23,465
Tax year 2024
Assessed value
$1,810,500
Assessed 2024
Previous assessed
$1,810,500
+0.0% YoY
Effective rate
1.30%
On assessed value
Assessed land
$1,275,000
Assessed improvement
$535,500
Applied tax rate
7.0000
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
1982
Construction
TILT-UP CONCRETE
Heating
NONE
Stories
1
Units
1
Total area
4,361 SF
Lot
0.28 ac (12,392 SF)
Zoning code
PAM2*
APN
7102-018-033
UPID
US09-8566717
Jurisdiction
LOS ANGELES
Metro division
LOS ANGELES-LONG BEACH-GLENDALE, CA METROPOLITAN DIVISION
Zoning & alternative use
PAM2* · Paramount, CA
Zoning PAM2* · permitted uses
PAM2* · Paramount, CA
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Paramount. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$2.7M
AUTO REPAIR, GARAGE
Est. value
$2.0M
MEDICAL BUILDING
Est. value
$2.0M
OFFICE BUILDING
Est. value
$2.0M
RETAIL STORES
Est. value
$1.7M
NEIGHBORHOOD: SHOPPING CENTER
AUTO REPAIR, GARAGE
MEDICAL BUILDING
OFFICE BUILDING
RETAIL STORES
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
1982
Construction
TILT-UP CONCRETE
Heating
NONE
Stories
1
Units
1
Lot
0.28 ac
Current owner
From public records · entity-resolved
Vaishali Prashant Ingle LLC
Entity
Mailing address
1204 REEF LN, HARBOR CITY, CA 90710-3558
Mailing matches property
Different — outreach signal
Owner-occupied
No
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
15 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Sep 14, 2022
$2,535,000
Vaishali Prashant Ingle LLC
Devos Brothers LLC
Grant Deed
$1,289,000 · Sunwest Bank
Sep 14, 2022
—
Infinity 16 INC
Vaishali Prashant Ingle LLC
Lease
$1,062,000 · The Mortgage Capital Development Corp
Dec 13, 2018
—
Devos Brothers LLC
—
Deed
related
$636,000 · Cdc Small Busn Fin
Nov 15, 2018
$1,900,000
De Vos Brothers LLC
Aquino Rev Family Trust
Grant Deed
$315,000 · Aquino Family Trust (rt)
Nov 15, 2018
—
Devos Brothers LLC
—
Deed
related
$620,000 · Bank Of America
Mar 11, 2002
—
Gloria O Aquino
Aquino,l
Quit Claim Deed
related
—
Mar 25, 1998
—
Aquino,leonel & Jessie Trustees
Aquino,l & J
Quit Claim Deed
related
—
Nov 15, 1991
$562,500
Leonel Aquino
Unknown
Grant Deed
—
Jun 23, 1989
—
Larry E An Blain
—
Deed Of Trust
related
—
Apr 7, 1988
—
Larry E Blain
—
Deed Of Trust
related
—
—
—
Devos Brothers LLC
—
Deed Of Trust
related
$636,000 · Cdc Small Busn Fin
—
—
Devos Brothers LLC
—
Deed Of Trust
related
$775,000 · Bank Of America
—
—
Devos Brothers LLC
—
Deed Of Trust
related
$620,000 · Bank Of America
—
—
Devos Brothers LLC
—
Deed Of Trust
related
$775,000 · Bank Of America
—
—
Aquino Family Trust
—
Deed Of Trust
related
$360,000 · Bank Of America
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.
Try Rey
Ask anything about this address in plain English.
“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
You own 16257 Illinois Ave?
List it free. Reach 20,000 daily buyers.
We’ve already pulled the facts. Confirm photos + price and you’re live in 2 minutes.
List this address →
Full reports are paid
Unlock the full Property Analytics report
Start free for 7 days — no card required. Full owner contacts, all 4 valuations with methodology, refine flow, comparable adjustments, foot-traffic deep dive, export to PDF / CSV.
