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Property profile & analytics
OFF-MARKET
Estimated value
$690,000
Retail space
2128 Atlantic Blvd Commerce, CA 90040-1320
Entity Owned
4-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US09-8598328
Property profile
Verified
Property type
Retail space
Use group
RETAIL STORES (PERSONAL SERVICES)
Year built
1949
Construction
WOOD
Total area
1,717 SF
Lot
0.18 ac (7,722 SF)
Zoning code
CMC2*
APN
6335-002-044
UPID
US09-8598328
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
$685k
CAP Approach
CAP
$615k
Comparable Approach
Comparable
$502k
Blend (final)
Blend
$690k
Owner & transaction history
Hay Brothers LLC · 4 yrs held
Hay Brothers LLC
since 2022
Last sale
$735,007
7 recorded transactions
Zoning & alternative use
CMC2* · Commerce, CA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Auto repair, garage
$935,000
+32.4%
Office building
$860,000
+22.2%
Medical building
$780,000
+11.0%
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 Commerce submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Commerce 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
$680,000
ML approach
$685,000
CAP Approach
CAP Return
Estimation
6%
$665,000
6.5%
$615,000
7%
$570,000
Alternative Use
Use
Estimation
RETAIL STORES
$705,000
Current use
AUTO REPAIR, GARAGE
$935,000
Change: +32% · Conversion: Difficult
OFFICE BUILDING
$860,000
Change: +22% · Conversion: Easy
MEDICAL BUILDING
$780,000
Change: +11% · Conversion: Difficult
NEIGHBORHOOD: SHOPPING CENTER
$725,000
Change: +3% · Conversion: Moderate
Blend value · Realmo final
$690k
Range $621k – $759k · ±10% · vs last sale $735k (Jan 13 2022)
Last sale anchor
$735k
Jan 13 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
$402 / 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
$9,579
Tax year 2024
Assessed value
$764,694
Assessed 2024
Previous assessed
$764,694
+0.0% YoY
Effective rate
1.25%
On assessed value
Assessed land
$624,240
Assessed improvement
$140,454
Applied tax rate
6.0000
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
Retail space
Use group
RETAIL STORES (PERSONAL SERVICES)
Status
Off-Market
Year built
1949
Construction
WOOD
Heating
NONE
Buildings
2
Stories
1
Total area
1,717 SF
Lot
0.18 ac (7,722 SF)
Zoning code
CMC2*
APN
6335-002-044
UPID
US09-8598328
Jurisdiction
LOS ANGELES
Metro division
LOS ANGELES-LONG BEACH-GLENDALE, CA METROPOLITAN DIVISION
Zoning & alternative use
CMC2* · Commerce, CAZoning CMC2* · permitted uses
CMC2* · Commerce, CA
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Alternative use value scenarios
Repositioning upside vs current use
RETAIL STORES Current
Est. value
$705,000
AUTO REPAIR, GARAGE
Est. value
$935,000
OFFICE BUILDING
Est. value
$860,000
MEDICAL BUILDING
Est. value
$780,000
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$725,000
RETAIL STORES Current
AUTO REPAIR, GARAGE
OFFICE BUILDING
MEDICAL BUILDING
NEIGHBORHOOD: SHOPPING CENTER
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
1949
Construction
WOOD
Heating
NONE
Stories
1
Buildings
2
Lot
0.18 ac
Current owner
From public records · entity-resolved
Hay Brothers LLC
Entity
Mailing address
327 ARDEN AVE STE #206, GLENDALE, CA 91203-4053
Mailing matches property
Different — outreach signal
Owner-occupied
No
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
Feb 14, 2022
—
Hay Brothers LLC
—
Deed
related
$305,000 · Southland Economic Development Corporati
Jan 13, 2022
$735,000
Hay Brothers LLC
Grimar LLC
Grant Deed
$367,500 · Jpmorgan Chase Bank NA
Dec 24, 2019
$725,000
Grimar LLC
Steven F Mansueto
Grant Deed
$500,000 · Jpmorgan Chase Bank NA
Apr 18, 2019
—
Steven F Mansueto
Mansueto,steven
Quit Claim Deed
related
$200,000 · Val-chris Invs
Apr 6, 2016
$400,000
Steven Mansueto
Pearson,ronald S & Emily R
Grant Deed
$330,000 · Ronald S & Emily R Pearson
Sep 1, 2015
$175,100
Ronald S Pearson
Plm Loan Management Servi
Trustees Deed
related
—
May 5, 2006
$605,000
Gabriel Albarran
Pearson,ronald S & Emily R
Grant Deed
$540,000 · Ronald S & Emily R Pearson
Nov 9, 1992
—
Ronald S Pearson
—
Deed Of Trust
related
—
—
—
Gabriel Albarran
—
Deed Of Trust
related
$6,000 · Rosa I Camberos
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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