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Property profile & analytics
OFF-MARKET
Estimated value
$685,000
Mining land & claims
1948 Obispo Ave Signal Hill, CA 90755
Individually Owned
13-yr Hold
Absentee Owner
Free & Clear
Property ID
US09-7009331
Property profile
Verified
Property type
Mining land & claims
Use group
MINING, MINERAL, QUARRIES
Year built
1972
Construction
WOOD
Total area
5,370 SF
Lot
19.11 ac (832,390 SF)
Zoning code
SHM2
APN
7217-002-003
UPID
US09-7009331
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
$680k
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$693k
Blend (final)
Blend
$685k
Owner & transaction history
Logistics Operations Ll Tesoro · 13 yrs held
Logistics Operations Ll Tesoro
since 2013
4 recorded transactions
Zoning & alternative use
SHM2 · Signal Hill, CA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Source
Title 20 ZONING
Top alternative use upside
Restaurant
$825,000
+131.3%
Office building
$735,000
+105.7%
Warehouse, storage
$660,000
+85.5%
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 Signal Hill submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Signal Hill 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
$680,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
RESTAURANT
$825,000
Change: +131% · Conversion: Difficult
OFFICE BUILDING
$735,000
Change: +106% · Conversion: Difficult
WAREHOUSE, STORAGE
$660,000
Change: +85% · Conversion: Difficult
RETAIL STORES
$660,000
Change: +85% · Conversion: Difficult
AUTO REPAIR, GARAGE
$545,000
Change: +53% · Conversion: Difficult
MEDICAL BUILDING
$505,000
Change: +42% · Conversion: Difficult
COMMERCIAL (GENERAL)
$495,000
Change: +39% · Conversion: Difficult
Blend value · Realmo final
$685k
Range $617k – $754k · ±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
$128 / 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
$266,153
Tax year 2024
Assessed value
$20,718,239
Assessed 2024
Previous assessed
$20,718,239
+0.0% YoY
Effective rate
1.28%
On assessed value
Assessed land
$10,258,828
Assessed improvement
$10,459,411
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
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
Mining land & claims
Use group
MINING, MINERAL, QUARRIES
Status
Off-Market
Year built
1972
Construction
WOOD
Heating
NONE
Buildings
4
Stories
1
Total area
5,370 SF
Lot
19.11 ac (832,390 SF)
Zoning code
SHM2
APN
7217-002-003
UPID
US09-7009331
Jurisdiction
LOS ANGELES
Metro division
LOS ANGELES-LONG BEACH-GLENDALE, CA METROPOLITAN DIVISION
Zoning & alternative use
SHM2 · Signal Hill, CAZoning SHM2 · permitted uses
SHM2 · Signal Hill, CA
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Source
Title 20 ZONING
Alternative use value scenarios
Repositioning upside vs current use
RESTAURANT
Est. value
$825,000
OFFICE BUILDING
Est. value
$735,000
WAREHOUSE, STORAGE
Est. value
$660,000
RETAIL STORES
Est. value
$660,000
AUTO REPAIR, GARAGE
Est. value
$545,000
MEDICAL BUILDING
Est. value
$505,000
COMMERCIAL (GENERAL)
Est. value
$495,000
RESTAURANT
OFFICE BUILDING
WAREHOUSE, STORAGE
RETAIL STORES
AUTO REPAIR, GARAGE
MEDICAL BUILDING
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
1972
Construction
WOOD
Heating
NONE
Stories
1
Buildings
4
Lot
19.11 ac
Current owner
From public records · entity-resolved
Logistics Operations Ll Tesoro
Individual
Free & Clear · 13 yrs held
Mailing address
19100 RIDGEWOOD PKWYTX1-047, SAN ANTONIO, TX 78259-1834
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
4 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jun 3, 2013
$9,451,000
Logistics Operations Ll Tesoro
Arco Terminal Services Corp
Grant Deed
—
Sep 1, 1988
$1,334,000
Arco Terminal Se
Edgington Oil 1
Trustees Deed
—
Aug 4, 1971
$50,000
—
—
Grant Deed
related
—
—
—
Logistics Operations Ll Tesoro
—
Deed Of Trust
related
$10,000,000 · Bank Of America
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.
Try Rey
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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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