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Property profile & analytics
OFF-MARKET
Estimated value
$895,000
Hotels
189 Chimes Tower Rd 199 Avalon, CA 90704-2831
Entity Owned
12-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US09-6486124
Property profile
Verified
Property type
Hotels
Use group
HOTEL
Year built
1930
Construction
WOOD
Total area
11,279 SF
Lot
0.47 ac (20,600 SF)
Zoning code
AVR3*
APN
7480-022-029
UPID
US09-6486124
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
$555k
CAP Approach
CAP
$1.08M
Comparable Approach
Comparable
$1.04M
Blend (final)
Blend
$895k
Owner & transaction history
Chimes Tower Investment INC · 12 yrs held
Chimes Tower Investment INC
since 2013
3 recorded transactions
Zoning & alternative use
AVR3* · Avalon, 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 Avalon submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Avalon 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
$555,000
CAP Approach
CAP Return
Estimation
6%
$1,170,000
6.5%
$1,080,000
7%
$1,005,000
Blend value · Realmo final
$895k
Range $806k – $985k · ±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
$79 / 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
$104,337
Tax year 2024
Assessed value
$6,751,224
Assessed 2024
Previous assessed
$6,751,224
+0.0% YoY
Effective rate
1.55%
On assessed value
Assessed land
$4,807,302
Assessed improvement
$1,943,922
Applied tax rate
5.0000
Comparables
6 recent transactions · within 1.5 miComparable in this city
6 recent transactions
Comparable in this City
Similar Nearby for Sale
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
Hotels
Use group
HOTEL
Status
Off-Market
Year built
1930
Construction
WOOD
Heating
NONE
Buildings
2
Stories
2
Units
12
Bathrooms
10
Total area
11,279 SF
Lot
0.47 ac (20,600 SF)
Zoning code
AVR3*
APN
7480-022-029
UPID
US09-6486124
Jurisdiction
LOS ANGELES
Metro division
LOS ANGELES-LONG BEACH-GLENDALE, CA METROPOLITAN DIVISION
Zoning & alternative use
AVR3* · Avalon, CA
Zoning AVR3* · permitted uses
AVR3* · Avalon, CA
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Avalon. Always verify with local authorities before improvements.
Building & site characteristics
From public records
Year built
1930
Construction
WOOD
Heating
NONE
Stories
2
Buildings
2
Units
12
Bathrooms
10
Lot
0.47 ac
Current owner
From public records · entity-resolved
Chimes Tower Investment INC
Entity
Mailing address
244 ARBOLADA DR, ARCADIA, CA 91006-2232
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2013
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
3 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Oct 1, 2013
$5,500,000
Chimes Tower Investment INC
Baker,karen A
Grant Deed
$3,500,000 · Karen A Baker
Jan 5, 2005
—
Karen A Baker
Holliday,karen A
Grant Deed
related
$100,000 · Hammer Family Trust
—
—
Karen A Baker
—
Deed Of Trust
related
$350,000 · Mmjb Invs LLC
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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