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Property profile & analytics
OFF-MARKET
Estimated value
$5,715,000
Warehouses
1722 41st St Vernon, CA 90058-1502
Entity Owned
2-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US09-7641373
Property profile
Verified
Property type
Warehouses
Use group
WAREHOUSE, STORAGE
Year built
1989
Construction
TILT-UP CONCRETE
Total area
13,522 SF
Lot
0.36 ac (15,833 SF)
Zoning code
LAM2
APN
5116-029-056
UPID
US09-7641373
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
$6.28M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$4.96M
Blend (final)
Blend
$5.72M
Owner & transaction history
Philerin LLC · 2 yrs held
Philerin LLC
since 2023
Last sale
$5.5M
7 recorded transactions
Zoning & alternative use
LAM2 · Vernon, CA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Auto repair, garage
$7.4M
+95.6%
Office building
$6.8M
+80.6%
Medical building
$6.2M
+63.9%
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 Vernon submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Vernon 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
$6,335,000
ML approach
$6,280,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
WAREHOUSE, STORAGE
$3,760,000
Current use
AUTO REPAIR, GARAGE
$7,350,000
Change: +96% · Conversion: Easy
OFFICE BUILDING
$6,785,000
Change: +81% · Conversion: Difficult
MEDICAL BUILDING
$6,160,000
Change: +64% · Conversion: Difficult
NEIGHBORHOOD: SHOPPING CENTER
$5,725,000
Change: +52% · Conversion: Moderate
RETAIL STORES
$5,550,000
Change: +48% · Conversion: Moderate
COMMERCIAL (GENERAL)
$4,050,000
Change: +8% · Conversion: Difficult
Blend value · Realmo final
$5.72M
Range $5.14M – $6.29M · ±10% · vs last sale $5.50M (Dec 21 2023)
Last sale anchor
$5.50M
Dec 21 2023
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
$423 / 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
$67,664
Tax year 2024
Assessed value
$5,500,000
Assessed 2024
Previous assessed
$5,500,000
+0.0% YoY
Effective rate
1.23%
On assessed value
Assessed land
$3,913,000
Assessed improvement
$1,587,000
Applied tax rate
6.0000
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
1989
Construction
TILT-UP CONCRETE
Heating
NONE
Stories
1
Total area
13,522 SF
Lot
0.36 ac (15,833 SF)
Zoning code
LAM2
APN
5116-029-056
UPID
US09-7641373
Jurisdiction
LOS ANGELES
Metro division
LOS ANGELES-LONG BEACH-GLENDALE, CA METROPOLITAN DIVISION
Zoning & alternative use
LAM2 · Vernon, CA
Zoning LAM2 · permitted uses
LAM2 · Vernon, CA
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Vernon. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
WAREHOUSE, STORAGE Current
Est. value
$3.8M
AUTO REPAIR, GARAGE
Est. value
$7.4M
OFFICE BUILDING
Est. value
$6.8M
MEDICAL BUILDING
Est. value
$6.2M
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$5.7M
RETAIL STORES
Est. value
$5.6M
COMMERCIAL (GENERAL)
Est. value
$4.1M
WAREHOUSE, STORAGE Current
AUTO REPAIR, GARAGE
OFFICE BUILDING
MEDICAL BUILDING
NEIGHBORHOOD: SHOPPING CENTER
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
1989
Construction
TILT-UP CONCRETE
Heating
NONE
Stories
1
Lot
0.36 ac
Current owner
From public records · entity-resolved
Philerin LLC
Entity
Mailing address
438 N ROBINWOOD DR, LOS ANGELES, CA 90049-2328
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2023
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
11 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Dec 21, 2023
$5,500,000
Philerin LLC
Hyun Lee Joo
Grant Deed
$3,300,000 · Bank Of America NA
Jan 4, 2017
$2,690,000
Hyun Lee Joo
Daeho
Grant Deed
$2,244,000 · Open Bank
Jan 4, 2017
—
Joo H Lee
Chang,min W
Quit Claim Deed
related
—
Feb 11, 2011
—
Daeho Um
Um Daeho Trust
Quit Claim Deed
related
—
Sep 15, 2010
—
Daeho Um
Um Daeho Trust
Quit Claim Deed
related
—
Jul 30, 2002
—
Um Dae Ho
Liang,ching P & Chiu T
Grant Deed
$665,000 · Saehan Bank
Jun 21, 1999
$650,000
Ching P Liang
—
Grant Deed
related
—
—
—
Um Daeho & Heejeong 2007 Trust
—
Deed Of Trust
related
$570,000 · Saehan Bank
—
—
Daeho Um
—
Deed Of Trust
related
$300,000 · Unedra #5253 Family LP
—
—
Daeho Um
—
Deed Of Trust
related
$650,000 · Hanmi Bank
—
—
Daeho Um
—
Deed Of Trust
related
—
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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