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Property profile & analytics
OFF-MARKET
Estimated value
$1,405,000
Office buildings
16619 Broadway Gardena, CA 90248-2715
Entity Owned
8-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US09-7433668
Property profile
Verified
Property type
Office buildings
Use group
OFFICE BUILDING
Year built
1960
Construction
WOOD
Total area
5,687 SF
Lot
0.52 ac (22,773 SF)
Zoning code
CAML*
APN
6126-002-013
UPID
US09-7433668
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
by Request
Comparable Approach
Comparable
$1.93M
Blend (final)
Blend
$1.41M
Owner & transaction history
16619 South Broadway LLC · 8 yrs held
16619 South Broadway LLC
since 2017
7 recorded transactions
Zoning & alternative use
CAML* · Gardena, CA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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 Gardena submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Gardena 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%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
OFFICE BUILDING
$2,080,000
Current use
COMMERCIAL (GENERAL)
$1,815,000
Change: -13% · Conversion: Easy
RETAIL STORES
$1,670,000
Change: -20% · Conversion: Moderate
Blend value · Realmo final
$1.41M
Range $1.26M – $1.55M · ±10%
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
$247 / 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
$20,544
Tax year 2024
Assessed value
$1,470,730
Assessed 2024
Previous assessed
$1,470,730
+0.0% YoY
Effective rate
1.40%
On assessed value
Assessed land
$1,003,965
Assessed improvement
$466,765
Applied tax rate
1.0000
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
Office buildings
Use group
OFFICE BUILDING
Status
Off-Market
Year built
1960
Construction
WOOD
Heating
NONE
Stories
1
Total area
5,687 SF
Lot
0.52 ac (22,773 SF)
Zoning code
CAML*
APN
6126-002-013
UPID
US09-7433668
Jurisdiction
LOS ANGELES
Metro division
LOS ANGELES-LONG BEACH-GLENDALE, CA METROPOLITAN DIVISION
Zoning & alternative use
CAML* · Gardena, CA
Zoning CAML* · permitted uses
CAML* · Gardena, CA
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Gardena. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
OFFICE BUILDING Current
Est. value
$2.1M
COMMERCIAL (GENERAL)
Est. value
$1.8M
RETAIL STORES
Est. value
$1.7M
OFFICE BUILDING Current
COMMERCIAL (GENERAL)
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
1960
Construction
WOOD
Heating
NONE
Stories
1
Lot
0.52 ac
Current owner
From public records · entity-resolved
16619 South Broadway LLC
Entity
Mailing address
703 PIER AVE STE BSTEB, HERMOSA BEACH, CA 90254-3949
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2017
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
14 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Oct 24, 2023
—
16619 South Broadway LLC
—
Deed
related
$2,500,000 · Calprivate Bank
Oct 24, 2017
$1,300,000
16619 South Broadway LLC
John Hong Kim
Grant Deed
$800,000 · Jpmorgan Chase Bank NA
Apr 2, 2010
$610,000
John H Kim
Ib Property Holdings LLC
Grant Deed
$306,863 · Zions First National Bank
Jul 9, 2009
$699,000
Ib Property Holdings LLC
Seaside Trustee INC
Trustees Deed
related
—
Oct 9, 2007
—
Rigoberto A Liongson
Liongson,emmalyn E
Quit Claim Deed
related
$750,000 · Interbay Funding LLC
Oct 9, 2007
$1,000,000
Noe L Lao
Mosley,edgar & Eva
Grant Deed
—
Feb 3, 2000
$560,000
Edgar Mosley
Cannon Trust
Grant Deed
$370,000 · United Commercial Bank
—
—
Cannon Trust
—
Deed Of Trust
related
$62,000 · Adams Financial Services INC
—
—
Edgar Mosley
—
Deed Of Trust
related
$415,000 · Nara Bank
—
—
Noe L Lao
—
Deed Of Trust
related
$104,000 · Edivino Bustamante
—
—
Edgar Mosley
—
Deed Of Trust
related
$410,000 · United Commercial Bank
—
—
Edgar Mosley
—
Deed Of Trust
related
$100,000 · United Commercial Bank
—
—
Noe L Lao
—
Deed Of Trust
related
$250,000 · Inland Community Bank
—
—
Jack Cannon
—
Deed Of Trust
related
$68,125 · Individual
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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