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Property profile & analytics
OFF-MARKET
Estimated value
$2,095,000
Office buildings
216 Florence Ave Inglewood, CA 90301-1213
Entity Owned
7-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US09-8071399
Property profile
Verified
Property type
Office buildings
Use group
OFFICE BUILDING
Year built
1962
Construction
TILT-UP CONCRETE
Total area
7,200 SF
Lot
0.28 ac (12,262 SF)
Zoning code
INM1*
APN
4020-020-023
UPID
US09-8071399
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
-
Airport Terminal Management (ATM) Airport
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$2.53M
Comparable Approach
Comparable
$1.30M
Blend (final)
Blend
$2.10M
Owner & transaction history
My Abc & Jh LLC · 7 yrs held
My Abc & Jh LLC
since 2019
7 recorded transactions
Zoning & alternative use
INM1* · Inglewood, CA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Medical building
$3.3M
+35.3%
Retail stores
$2.6M
+5.8%
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 Inglewood submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Inglewood 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
by Request
CAP Approach
CAP Return
Estimation
6%
$2,740,000
6.5%
$2,530,000
7%
$2,350,000
Alternative Use
Use
Estimation
OFFICE BUILDING
$2,420,000
Current use
MEDICAL BUILDING
$3,275,000
Change: +35% · Conversion: Easy
RETAIL STORES
$2,560,000
Change: +6% · Conversion: Moderate
INDUSTRIAL (GENERAL)
$2,215,000
Change: -9% · Conversion: Difficult
WAREHOUSE, STORAGE
$2,115,000
Change: -13% · Conversion: Difficult
Blend value · Realmo final
$2.10M
Range $1.89M – $2.30M · ±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
$291 / 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
$36,174
Tax year 2024
Assessed value
$2,734,111
Assessed 2024
Previous assessed
$2,734,111
+0.0% YoY
Effective rate
1.32%
On assessed value
Assessed land
$2,077,925
Assessed improvement
$656,186
Applied tax rate
4.0000
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
Office buildings
Use group
OFFICE BUILDING
Status
Off-Market
Year built
1962
Construction
TILT-UP CONCRETE
Heating
NONE
Stories
1
Total area
7,200 SF
Lot
0.28 ac (12,262 SF)
Zoning code
INM1*
APN
4020-020-023
UPID
US09-8071399
Jurisdiction
LOS ANGELES
Metro division
LOS ANGELES-LONG BEACH-GLENDALE, CA METROPOLITAN DIVISION
Zoning & alternative use
INM1* · Inglewood, CA
Zoning INM1* · permitted uses
INM1* · Inglewood, CA
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Inglewood. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
OFFICE BUILDING Current
Est. value
$2.4M
MEDICAL BUILDING
Est. value
$3.3M
RETAIL STORES
Est. value
$2.6M
INDUSTRIAL (GENERAL)
Est. value
$2.2M
WAREHOUSE, STORAGE
Est. value
$2.1M
OFFICE BUILDING Current
MEDICAL BUILDING
RETAIL STORES
INDUSTRIAL (GENERAL)
WAREHOUSE, STORAGE
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
1962
Construction
TILT-UP CONCRETE
Heating
NONE
Stories
1
Lot
0.28 ac
Current owner
From public records · entity-resolved
My Abc & Jh LLC
Entity
Mailing address
5280 BUCK HL AVE, BUENA PARK, CA 90621-1426
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2019
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
15 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Sep 30, 2019
—
My Abc & Jh LLC
—
Deed
related
$640,000 · Hanmi Bank
Jun 20, 2019
—
My Abc & Jh LLC
Chung,seung C
Quit Claim Deed
—
Nov 17, 2016
—
Seung C Chung
—
Deed
related
$819,000 · Bank Of Hope
Aug 8, 2008
—
Seung C Chung
—
Deed Of Trust
related
$1,500,000 · Hanmi Bank
Apr 30, 2004
$965,000
Seung C Chung
Spears,steven & Christina
Grant Deed
$750,000 · Saehan Bank
—
—
My Abc & Jh LLC
—
Loan Modification
related
—
—
—
Seung C Chung
—
Deed Of Trust
related
$660,000 · Wilshire State Bank
—
—
Seung C Chung
—
Deed Of Trust
related
$300,000 · Wilshire State Bank
—
—
Seung C Chung
—
Deed Of Trust
related
$942,500 · Hanmi Bank
—
—
Chung,seung C
—
Deed Of Trust
related
$742,500 · Bbcn Bk
—
—
Seung C Chung
—
Loan Modification
related
$819,000 · Bank Of Hope
—
—
Seung C Chung
—
Deed Of Trust
related
$400,000 · Wilshire State Bank
—
—
Seung C Chung
—
Deed Of Trust
related
$400,000 · Wilshire State Bank
—
—
Seung C Chung
—
Deed Of Trust
related
$300,000 · Wilshire State Bank
—
—
General Transist
—
Deed Of Trust
related
$330,000 · Union 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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