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Property profile & analytics
OFF-MARKET
Estimated value
$760,000
Residential income homes
1762 244th St Torrance, CA 90501-6709
Individually Owned
5-yr Hold
Property ID
US09-6418309
Property profile
Verified
Property type
Residential income homes
Use group
BOARDING/ROOMING HOUSE
Year built
1953
Construction
WOOD
Total area
1,726 SF
Lot
0.13 ac (5,445 SF)
Zoning code
TORR-LO
APN
7372-013-010
UPID
US09-6418309
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
$820k
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$704k
Blend (final)
Blend
$760k
Owner & transaction history
Lynn M Mandich · 5 yrs held
Lynn M Mandich
since 2020
Last sale
$725,007
6 recorded transactions
Zoning & alternative use
TORR-LO · Torrance, CA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Neighborhood: shopping center
$1.1M
+92.3%
Auto repair, garage
$800,000
+46.1%
Medical building
$785,000
+43.6%
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 Torrance submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Torrance 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
$835,000
ML approach
$820,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
APARTMENT HOUSE (5+ UNITS)
$545,000
Current use
NEIGHBORHOOD: SHOPPING CENTER
$1,050,000
Change: +92% · Conversion: Difficult
AUTO REPAIR, GARAGE
$800,000
Change: +46% · Conversion: Difficult
MEDICAL BUILDING
$785,000
Change: +44% · Conversion: Moderate
OFFICE BUILDING
$720,000
Change: +32% · Conversion: Moderate
RETAIL STORES
$650,000
Change: +19% · Conversion: Difficult
WAREHOUSE, STORAGE
$565,000
Change: +4% · Conversion: Difficult
COMMERCIAL (GENERAL)
$540,000
Change: -1% · Conversion: Moderate
Blend value · Realmo final
$760k
Range $684k – $836k · ±10% · vs last sale $725k (Sep 21 2020)
Last sale anchor
$725k
Sep 21 2020
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
$440 / 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
$17,630
Tax year 2024
Assessed value
$874,455
Assessed 2024
Previous assessed
$874,455
+0.0% YoY
Effective rate
2.02%
On assessed value
Assessed land
$615,500
Assessed improvement
$258,955
Applied tax rate
9.0000
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
Residential income homes
Use group
BOARDING/ROOMING HOUSE
Status
Off-Market
Year built
1953
Construction
WOOD
Heating
FLOOR/WALL FURNACE
Stories
1
Units
1
Rooms
8
Bathrooms
2
Total area
1,726 SF
Lot
0.13 ac (5,445 SF)
Zoning code
TORR-LO
APN
7372-013-010
UPID
US09-6418309
Jurisdiction
LOS ANGELES
Metro division
LOS ANGELES-LONG BEACH-GLENDALE, CA METROPOLITAN DIVISION
Zoning & alternative use
TORR-LO · Torrance, CA
Zoning TORR-LO · permitted uses
TORR-LO · Torrance, CA
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Torrance. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
APARTMENT HOUSE (5+ UNITS) Current
Est. value
$545,000
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$1.1M
AUTO REPAIR, GARAGE
Est. value
$800,000
MEDICAL BUILDING
Est. value
$785,000
OFFICE BUILDING
Est. value
$720,000
RETAIL STORES
Est. value
$650,000
WAREHOUSE, STORAGE
Est. value
$565,000
COMMERCIAL (GENERAL)
Est. value
$540,000
APARTMENT HOUSE (5+ UNITS) Current
NEIGHBORHOOD: SHOPPING CENTER
AUTO REPAIR, GARAGE
MEDICAL BUILDING
OFFICE BUILDING
RETAIL STORES
WAREHOUSE, STORAGE
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
1953
Construction
WOOD
Heating
FLOOR/WALL FURNACE
Stories
1
Units
1
Rooms
8
Bathrooms
2
Lot
0.13 ac
Current owner
From public records · entity-resolved
Lynn M Mandich
Individual
Mailing address
1762 W 244TH ST, TORRANCE, CA 90501-6709
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
2020
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
6 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Sep 21, 2020
—
Lynn M Mandich
Gary Mandich
Quit Claim Deed
related
—
Sep 21, 2020
$725,000
Michael Clayton Walker JR
Lynne Marie Mandich
Grant Deed
$580,000 · Crosscountry Mortgage LLC
Nov 5, 2019
—
Wohlers Family Living Trust
Gordon R Wohlers
Affidavit Of Death
—
Jan 29, 2015
—
Wohlers Family Living Trust
Wohlers G R & E I Trust
Quit Claim Deed
related
—
Sep 14, 1994
—
Gordon R Wohlers
Wohlers,g R & E I
Quit Claim Deed
related
—
Apr 9, 1956
—
—
—
Grant Deed
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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