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Property profile & analytics
FOR SALE
Warehouses
18732 Corby Ave Artesia, CA 90701
Individually Owned
5-yr Hold
~
Est. High Equity
Property ID
US09-6407229
For Sale
$3,400,000
18732 Corby Ave, Artesia, CA 90701
View Listing →
Property summary
AI-generated overview
This exceptional 8,600-square-foot warehouse in Artesia, California, presents a fantastic opportunity for businesses seeking versatile industrial space. Located at 18732 Corby Ave, 90701, within Los Angeles County, this property offers a single, contiguous space within a larger 15,208-square-foot building. The warehouse boasts a 16-foot ceiling height, providing ample vertical storage capacity. One drive-in bay ensures efficient loading and unloading, complemented by ample parking and secure storage options. The space includes a functional office area, shower facilities, and central air conditioning, enhancing employee comfort and productivity. The property's excellent condition is further emphasized by readily available power. The warehouse is ideally suited for various uses, including storage, manufacturing, or distribution, and benefits from a substantial yard area, perfect for businesses requiring outdoor space. This is a multi-tenant building, with the available space representing a significant portion of the total building square footage. The property is ready for immediate occupancy.
Property profile
Verified
Property type
Warehouses
Use group
WAREHOUSE, STORAGE
Year built
1988
Construction
TILT-UP CONCRETE
Total area
15,208 SF
Lot
0.56 ac (24,513 SF)
Zoning code
ATM1*
APN
7039-012-013
UPID
US09-6407229
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
-
SoCal Safety Supplies Big Box & Wholesale Store
-
Roneka L Taylor: Primerica - Financial Services Financial Advisor
-
Keeshawn Randall Andrew: Primerica - Financial Services Financial Advisor
-
Tonia Poe: Primerica - Financial Services Financial Advisor
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$3.69M
CAP Approach
CAP
$3.05M
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$3.40M
Owner & transaction history
Brad Byungski Park & Helen Heeja Pa · 5 yrs held
Brad Byungski Park & Helen Heeja Pa
since 2021
Last sale
$3.2M
7 recorded transactions
Zoning & alternative use
ATM1* · Artesia, CA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Commercial (general)
$4.7M
+3.6%
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 Artesia submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Artesia 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
$3,835,000
ML approach
$3,685,000
CAP Approach
CAP Return
Estimation
6%
$3,300,000
6.5%
$3,045,000
7%
$2,825,000
Alternative Use
Use
Estimation
WAREHOUSE, STORAGE
$4,540,000
Current use
COMMERCIAL (GENERAL)
$4,700,000
Change: +4% · Conversion: Difficult
Blend value · Realmo final
$3.40M
Range $3.06M – $3.74M · ±10% · vs last sale $3.22M (May 21 2021)
Last sale anchor
$3.22M
May 21 2021
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
$224 / 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
$42,607
Tax year 2024
Assessed value
$3,417,089
Assessed 2024
Previous assessed
$3,417,089
+0.0% YoY
Effective rate
1.25%
On assessed value
Assessed land
$1,910,174
Assessed improvement
$1,506,915
Applied tax rate
13.0000
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
For Sale
Year built
1988
Construction
TILT-UP CONCRETE
Heating
NONE
Stories
1
Units
1
Total area
15,208 SF
Lot
0.56 ac (24,513 SF)
Zoning code
ATM1*
APN
7039-012-013
UPID
US09-6407229
Jurisdiction
LOS ANGELES
Metro division
LOS ANGELES-LONG BEACH-GLENDALE, CA METROPOLITAN DIVISION
Zoning & alternative use
ATM1* · Artesia, CA
Zoning ATM1* · permitted uses
ATM1* · Artesia, CA
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Artesia. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
WAREHOUSE, STORAGE Current
Est. value
$4.5M
COMMERCIAL (GENERAL)
Est. value
$4.7M
WAREHOUSE, STORAGE Current
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
1988
Construction
TILT-UP CONCRETE
Heating
NONE
Stories
1
Units
1
Lot
0.56 ac
Current owner
From public records · entity-resolved
Brad Byungski Park & Helen Heeja Pa
Individual
Mailing address
18732 CORBY AVE, ARTESIA, CA 90701-5624
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
2021
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
7 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Sep 16, 2021
—
Brad Byungsik Park
—
Deed
related
$1,000,000 · Commonwealth Business Bank
May 21, 2021
$3,220,000
Brad Byungski Park & Helen Heeja Pa
Royal Tulip Investments LLC
Grant Deed
—
Jan 28, 2021
—
Royal Tulip Investment LLC
—
Deed
related
$1,280,000 · East West Bank
Apr 19, 2017
$2,100,000
Royal Tulip Investment LLC
Jean F Troyer
Grant Deed
$1,500,000 · First Citizens Bank & Trust Co
Feb 16, 2017
—
Jean F Troyer
Troyer,dale V
Affidavit Of Death
related
—
Jan 4, 2007
—
Troyer Fam Living 2006 Trust
Troyer,d Virgil
Quit Claim Deed
related
—
—
—
Noboru K Kiyan
—
Deed Of Trust
related
$50,000 · Sumitomo 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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