Back to Search
Property profile & analytics
OFF-MARKET
Estimated value
$690,000
Retail space
2231 Lomita Blvd Lomita, CA 90717-1401
Individually Owned
3-yr Hold
Absentee Owner
Free & Clear
Property ID
US09-9766842
Property profile
Verified
Property type
Retail space
Use group
RETAIL STORES (PERSONAL SERVICES)
Year built
1954
Construction
WOOD
Total area
2,688 SF
Lot
0.07 ac (3,242 SF)
Zoning code
LOCG*
APN
7374-015-060
UPID
US09-9766842
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
-
South Bay Barber Shop Barber Shop
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$675k
CAP Approach
CAP
$915k
Comparable Approach
Comparable
$803k
Blend (final)
Blend
$690k
Owner & transaction history
Ryan C Nelson · 3 yrs held
Ryan C Nelson
since 2022
Last sale
$750,000
7 recorded transactions
Zoning & alternative use
LOCG* · Lomita, CA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Source
code of ordinances
Top alternative use upside
Medical building
$1.2M
+18.6%
Office building
$1.2M
+17.0%
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 Lomita submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Lomita 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
$690,000
ML approach
$675,000
CAP Approach
CAP Return
Estimation
6%
$990,000
6.5%
$915,000
7%
$850,000
Alternative Use
Use
Estimation
RETAIL STORES
$1,030,000
Current use
MEDICAL BUILDING
$1,220,000
Change: +19% · Conversion: Difficult
OFFICE BUILDING
$1,205,000
Change: +17% · Conversion: Easy
COMMERCIAL (GENERAL)
$830,000
Change: -19% · Conversion: Easy
Blend value · Realmo final
$690k
Range $621k – $759k · ±10% · vs last sale $750k (Oct 7 2022)
Last sale anchor
$750k
Oct 7 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
$257 / 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
$7,072
Tax year 2024
Assessed value
$520,015
Assessed 2024
Previous assessed
$520,015
+0.0% YoY
Effective rate
1.36%
On assessed value
Assessed land
$203,717
Assessed improvement
$316,298
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
Retail space
Use group
RETAIL STORES (PERSONAL SERVICES)
Status
Off-Market
Year built
1954
Construction
WOOD
Heating
NONE
Stories
1
Units
2
Bathrooms
3
Total area
2,688 SF
Lot
0.07 ac (3,242 SF)
Zoning code
LOCG*
APN
7374-015-060
UPID
US09-9766842
Jurisdiction
LOS ANGELES
Metro division
LOS ANGELES-LONG BEACH-GLENDALE, CA METROPOLITAN DIVISION
Zoning & alternative use
LOCG* · Lomita, CAZoning LOCG* · permitted uses
LOCG* · Lomita, CA
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Source
code of ordinances
Alternative use value scenarios
Repositioning upside vs current use
RETAIL STORES Current
Est. value
$1.0M
MEDICAL BUILDING
Est. value
$1.2M
OFFICE BUILDING
Est. value
$1.2M
COMMERCIAL (GENERAL)
Est. value
$830,000
RETAIL STORES Current
MEDICAL BUILDING
OFFICE 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
1954
Construction
WOOD
Heating
NONE
Stories
1
Units
2
Bathrooms
3
Lot
0.07 ac
Current owner
From public records · entity-resolved
Ryan C Nelson
Individual
Free & Clear · 3 yrs held
Mailing address
1739 S GRAND AVE, SAN PEDRO, CA 90731-4722
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
7 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Dec 8, 2023
—
Ryan C Nelson
—
Deed
related
$485,000 · Arrowhead Central Cu
Oct 7, 2022
—
Ryan C Nelson
Ryan C Nelson
Intrafamily Transfer
related
—
Jan 14, 2020
$750,000
Nelson,ryan C Living Trust
Raju Chhabria
Grant Deed
$400,000 · Raju & Philomina Chhabria
Nov 18, 2014
$585,000
Raju Chhabria
Dolbec,julien
Grant Deed
$380,000 · Preferred Bk
Nov 18, 2014
—
Julien Dolbec
Dolbec,susan K
Affidavit Of Death
related
—
Feb 24, 1994
$93,272
Dolbec,julien & Susan
Brown,colin & Du
Trustees Deed
—
Feb 24, 1994
$93,318
Dolbec,julien & Suan
Brown,alan D
Trustees Deed
—
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
Ask anything about this address in plain English.
“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
You own 2231 Lomita Blvd?
List it free. Reach 20,000 daily buyers.
We’ve already pulled the facts. Confirm photos + price and you’re live in 2 minutes.
List this address →
Full reports are paid
Unlock the full Property Analytics report
Start free for 7 days — no card required. Full owner contacts, all 4 valuations with methodology, refine flow, comparable adjustments, foot-traffic deep dive, export to PDF / CSV.
