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Property profile & analytics
OFF-MARKET
Estimated value
$2,130,000
Investment properties
22219 Norwalk Blvd Hawaiian Gardens, CA 90716-1541
Individually Owned
7-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US09-7655040
Property profile
Verified
Property type
Investment properties
Use group
STORE/OFFICE (MIXED USE)
Year built
1993
Construction
WOOD
Total area
10,180 SF
Lot
0.63 ac (27,463 SF)
Zoning code
HGC4*
APN
7069-013-054
UPID
US09-7655040
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
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$2.13M
Owner & transaction history
Timothy Park · 7 yrs held
Timothy Park
since 2019
7 recorded transactions
Zoning & alternative use
HGC4* · Hawaiian Gardens, CA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Source
municipal code
Top alternative use upside
Apartment house (5+ units)
$3.2M
+1.5%
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 Hawaiian Gardens submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Hawaiian Gardens 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%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
COMMERCIAL (GENERAL)
$3,145,000
Current use
APARTMENT HOUSE (5+ UNITS)
$3,195,000
Change: +2% · Conversion: Moderate
Blend value · Realmo final
$2.13M
Range $1.92M – $2.34M · ±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
$209 / 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
$28,512
Tax year 2024
Assessed value
$1,968,558
Assessed 2024
Previous assessed
$1,968,558
+0.0% YoY
Effective rate
1.45%
On assessed value
Assessed land
$1,421,738
Assessed improvement
$546,820
Applied tax rate
2.0000
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
Investment properties
Use group
STORE/OFFICE (MIXED USE)
Status
Off-Market
Year built
1993
Construction
WOOD
Heating
NONE
Cooling
YES
Buildings
2
Stories
1
Total area
10,180 SF
Lot
0.63 ac (27,463 SF)
Zoning code
HGC4*
APN
7069-013-054
UPID
US09-7655040
Jurisdiction
LOS ANGELES
Metro division
LOS ANGELES-LONG BEACH-GLENDALE, CA METROPOLITAN DIVISION
Zoning & alternative use
HGC4* · Hawaiian Gardens, CAZoning HGC4* · permitted uses
HGC4* · Hawaiian Gardens, CA
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Source
municipal code
Alternative use value scenarios
Repositioning upside vs current use
COMMERCIAL (GENERAL) Current
Est. value
$3.1M
APARTMENT HOUSE (5+ UNITS)
Est. value
$3.2M
COMMERCIAL (GENERAL) Current
APARTMENT HOUSE (5+ UNITS)
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
1993
Construction
WOOD
Heating
NONE
Cooling
Yes
Stories
1
Buildings
2
Lot
0.63 ac
Current owner
From public records · entity-resolved
Timothy Park
Individual
Mailing address
528 S STATE COLLEGE BLVD, ANAHEIM, CA 92806-4221
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
8 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Apr 30, 2019
—
Timothy Park
Hong,joo W
Quit Claim Deed
related
—
Apr 30, 2019
$1,200,000
Timothy Park
Park,kwang W & Young S
Grant Deed
related
$1,020,000 · Bank Of Hope
Oct 29, 2018
—
Kwang W Park
—
Deed
related
$500,000 · Tlt Solutions INC
Aug 26, 2003
$820,000
Kwang W Park
Pilgrim Evangelical Church
Grant Deed
$574,000 · Uniti Bank
Mar 22, 2001
$750,000
Evangelical Church Pilgrim
Goleta National Bank
Grant Deed
$490,000 · Pacific Union Bank
Nov 20, 2000
$501,853
Goleta National Bank
Hernandez,raul C & Zoila
Trustees Deed
related
—
Aug 27, 1992
—
Raul C Hernandez
Hernandez,raul C
Quit Claim Deed
related
$900,000 · Mechanics National Bank
—
—
Kwang W Park
—
Deed Of Trust
related
$500,000 · Tlt Solutions INC
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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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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