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Property profile & analytics
OFF-MARKET
Estimated value
$1,885,000
Apartment buildings
17420 Downey Ave Bellflower, CA 90706-6336
Entity Owned
2-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US09-7596967
Property profile
Verified
Property type
Apartment buildings
Use group
APARTMENT HOUSE (5+ UNITS)
Year built
1964
Construction
WOOD
Total area
7,129 SF
Lot
0.27 ac (11,556 SF)
Zoning code
BFCG*
APN
7162-014-017
UPID
US09-7596967
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
$1.89M
CAP Approach
CAP
$1.77M
Comparable Approach
Comparable
$2.48M
Blend (final)
Blend
$1.89M
Owner & transaction history
17420 Downey LLC · 2 yrs held
17420 Downey LLC
since 2023
Last sale
$2.0M
7 recorded transactions
Zoning & alternative use
BFCG* · Bellflower, CA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Office building
$2.4M
+39.1%
Commercial (general)
$2.2M
+26.2%
Auto repair, garage
$2.1M
+25.0%
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 Bellflower submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Bellflower 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
$1,850,000
ML approach
$1,885,000
CAP Approach
CAP Return
Estimation
6%
$1,910,000
6.5%
$1,765,000
7%
$1,640,000
Alternative Use
Use
Estimation
APARTMENT HOUSE (5+ UNITS)
$1,705,000
Current use
OFFICE BUILDING
$2,370,000
Change: +39% · Conversion: Moderate
COMMERCIAL (GENERAL)
$2,150,000
Change: +26% · Conversion: Moderate
AUTO REPAIR, GARAGE
$2,130,000
Change: +25% · Conversion: Difficult
WAREHOUSE, STORAGE
$2,095,000
Change: +23% · Conversion: Difficult
Blend value · Realmo final
$1.89M
Range $1.70M – $2.07M · ±10% · vs last sale $1.96M (Nov 28 2023)
Last sale anchor
$1.96M
Nov 28 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
$264 / 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
$26,441
Tax year 2024
Assessed value
$1,960,000
Assessed 2024
Previous assessed
$1,960,000
+0.0% YoY
Effective rate
1.35%
On assessed value
Assessed land
$1,260,000
Assessed improvement
$700,000
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
Apartment buildings
Use group
APARTMENT HOUSE (5+ UNITS)
Status
Off-Market
Year built
1964
Construction
WOOD
Heating
NONE
Units
8
Bathrooms
8
Total area
7,129 SF
Lot
0.27 ac (11,556 SF)
Zoning code
BFCG*
APN
7162-014-017
UPID
US09-7596967
Jurisdiction
LOS ANGELES
Metro division
LOS ANGELES-LONG BEACH-GLENDALE, CA METROPOLITAN DIVISION
Zoning & alternative use
BFCG* · Bellflower, CA
Zoning BFCG* · permitted uses
BFCG* · Bellflower, CA
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Bellflower. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
APARTMENT HOUSE (5+ UNITS) Current
Est. value
$1.7M
OFFICE BUILDING
Est. value
$2.4M
COMMERCIAL (GENERAL)
Est. value
$2.2M
AUTO REPAIR, GARAGE
Est. value
$2.1M
WAREHOUSE, STORAGE
Est. value
$2.1M
APARTMENT HOUSE (5+ UNITS) Current
OFFICE BUILDING
COMMERCIAL (GENERAL)
AUTO REPAIR, GARAGE
WAREHOUSE, STORAGE
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
1964
Construction
WOOD
Heating
NONE
Units
8
Bathrooms
8
Lot
0.27 ac
Current owner
From public records · entity-resolved
17420 Downey LLC
Entity
Mailing address
23241 CHESWALD DR, LAGUNA NIGUEL, CA 92677-2002
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
19 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
May 28, 2025
—
17420 Downey LLC
—
Deed
related
$1,600,000 · Jpmorgan Chase Bank NA
Nov 28, 2023
$1,960,000
17420 Downey LLC
Mickle & Lucky Estates LLC
Grant Deed
$1,395,000 · Aaa Dream Investment LLC
Jul 27, 2018
$1,990,000
Mickle & Lucky Estates LLC
Right Crons INC
Grant Deed
—
Dec 4, 2017
—
Right Crons INC
—
Deed
related
$1,200,000 · State Bk/india
Jun 12, 2013
$5,891,058
Right Crons INC
Sophan Thai
Grant Deed
$761,250 · Oneunited Bank
Oct 31, 2006
—
Michael K Todd
Thai,sophan
Grant Deed
—
Nov 4, 2005
—
Sanh H Truong
Trinh,lai T
Quit Claim Deed
related
—
Nov 4, 2005
$1,260,000
Sophan Thai
Michael Trerotola
Grant Deed
$760,000 · Washington Mutual Bank
Feb 27, 2004
$1,000,000
Michael Trerotola
Cipolla,giovanni
Grant Deed
$550,000 · Impac Multifamily Capital Corp
Feb 27, 2004
—
Giovanni Cipolla
Cipolla,margherita
Quit Claim Deed
related
—
Oct 15, 2003
—
Margherita Cipolla
Cipolla,giovanni
Quit Claim Deed
related
—
Jan 22, 2003
—
Landmark Equity Fund 101 LLC
Landmark Bellflower I
Quit Claim Deed
related
—
Jan 22, 2003
$795,000
Giovanni Cipolla
Landmark Equity Fund 101 LLC
Grant Deed
—
Jun 20, 2002
$520,000
Landmark Bellflower
Eklund Trust
Grant Deed
$415,000 · Harbor Bank
May 4, 2000
—
Eklund,george W Trustee
Eklund,g W
Quit Claim Deed
related
—
Apr 23, 1990
$625,000
Eklund George W&
Schell
Trustees Deed
$417,500 · First Federal Bank Ca
Apr 23, 1990
$351,000
Timcor Finl
Nakadate,ana M
Trustees Deed
related
—
—
—
Right Crons INC
—
Deed Of Trust
related
$1,200,000 · State Bk/india
—
—
Giovanni Cipolla
—
Deed Of Trust
related
$556,500 · East West Bank
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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