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Property profile & analytics
OFF-MARKET
Estimated value
$845,000
Medical Office Space
19038 Norwalk Blvd, Artesia, CA 90701-7032
Entity Owned
3-yr Hold
~
Est. High Equity
Property ID
US10-0050431
Property profile
Verified
Property type
Medical Office Space
Use group
MEDICAL BUILDING
Year built
1949
Construction
WOOD
Total area
3,680 SF
Lot
0.33 ac (14,289 SF)
Zoning code
ATR16000*
APN
7054-006-059
UPID
US10-0050431
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
-
Dr. Joseph Y. Lee, MD Ophthalmologist
-
Vision Market Place - Lasik Eye Center Eye Care Center Lasik Surgeon
-
Lasik Eye Center Eye Care Center
-
Dr. Chul Byun Dental Office
-
F.L.O.E Eyecare Ophthalmologist (Bike/Boat/Book/etc) Store
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$805k
CAP Approach
CAP
$1.08M
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$845k
Owner & transaction history
Minji Investment LLC · 3 yrs held
Minji Investment LLC
since 2022
Last sale
$858,000
7 recorded transactions
Zoning & alternative use
ATR16000* · Artesia, 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 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
$860,000
ML approach
$805,000
CAP Approach
CAP Return
Estimation
6%
$1,165,000
6.5%
$1,075,000
7%
$995,000
Blend value · Realmo final
$845k
Range $761k – $930k · ±10% · vs last sale $858k (Aug 22 2022)
Last sale anchor
$858k
Aug 22 2022
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
$230 / 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
$15,562
Tax year 2024
Assessed value
$1,195,964
Assessed 2024
Previous assessed
$1,195,964
+0.0% YoY
Effective rate
1.30%
On assessed value
Assessed land
$696,951
Assessed improvement
$499,013
Applied tax rate
1.0000
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
Medical Office Space
Use group
MEDICAL BUILDING
Status
Off-Market
Year built
1949
Construction
WOOD
Heating
NONE
Cooling
YES
Buildings
2
Stories
1
Units
1
Total area
3,680 SF
Lot
0.33 ac (14,289 SF)
Zoning code
ATR16000*
APN
7054-006-059
UPID
US10-0050431
Jurisdiction
LOS ANGELES
Metro division
LOS ANGELES-LONG BEACH-GLENDALE, CA METROPOLITAN DIVISION
Zoning & alternative use
ATR16000* · Artesia, CA
Zoning ATR16000* · permitted uses
ATR16000* · 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.
Building & site characteristics
From public records
Year built
1949
Construction
WOOD
Heating
NONE
Cooling
Yes
Stories
1
Buildings
2
Units
1
Lot
0.33 ac
Current owner
From public records · entity-resolved
Minji Investment LLC
Entity
Mailing address
PO BOX 190, BUENA PARK, CA 90621-0190
Ownership since
2022
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
9 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Aug 17, 2023
—
Minji Investment LLC
—
Deed
related
$1,080,000 · Commonwealth Business Bank
Aug 22, 2022
—
Minji Investment LLC
Joseph Y Lee
Quit Claim Deed
related
—
Aug 2, 2018
—
Joseph Y Lee
—
Deed
related
$1,200,000 · Woori America Bank
Dec 24, 2003
$858,000
Joseph Y Lee
Kuo,tr
Grant Deed
$729,300 · Centerbank
Oct 9, 2002
—
Kuo,norman & Emily Tr
Kuo,n Y & E M
Quit Claim Deed
related
—
Jul 22, 1991
$510,000
Kuo Norman Y N
Lan,lin W
Grant Deed
$284,000 · Wells Fargo Bank
—
—
Joseph Y Lee
—
Deed Of Trust
related
$660,000 · Uniti Bank
—
—
Lan
—
Deed Of Trust
related
$350,000 · American International Bank
—
—
Joseph Y Lee
—
Deed Of Trust
related
$800,000 · Woori 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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