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Property profile & analytics
OFF-MARKET
Estimated value
$2,090,000
Apartment buildings
2288 Walnut Ave Signal Hill, CA 90755-3644
Trust Owned
7-yr Hold
Absentee Owner
Free & Clear
Property ID
US09-6358594
Property profile
Verified
Property type
Apartment buildings
Use group
APARTMENT HOUSE (5+ UNITS)
Year built
1959
Construction
WOOD
Total area
12,000 SF
Lot
0.53 ac (23,232 SF)
Zoning code
SHR3*
APN
7215-008-027
UPID
US09-6358594
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
$2.09M
Owner & transaction history
Nhim Trust · 7 yrs held
Nhim Trust
since 2018
7 recorded transactions
Zoning & alternative use
SHR3* · Signal Hill, CA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Source
Title 20 ZONING
Top alternative use upside
Retail stores
$3.4M
+1.3%
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
by Request
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
APARTMENT HOUSE (5+ UNITS)
$3,330,000
Current use
RETAIL STORES
$3,370,000
Change: +1% · Conversion: Difficult
COMMERCIAL (GENERAL)
$2,880,000
Change: -14% · Conversion: Moderate
Blend value · Realmo final
$2.09M
Range $1.88M – $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
$174 / 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
$35,861
Tax year 2024
Assessed value
$2,286,011
Assessed 2024
Previous assessed
$2,286,011
+0.0% YoY
Effective rate
1.57%
On assessed value
Assessed land
$1,393,912
Assessed improvement
$892,099
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
Apartment buildings
Use group
APARTMENT HOUSE (5+ UNITS)
Status
Off-Market
Year built
1959
Construction
WOOD
Heating
NONE
Cooling
YES
Buildings
4
Units
24
Bathrooms
24
Total area
12,000 SF
Lot
0.53 ac (23,232 SF)
Zoning code
SHR3*
APN
7215-008-027
UPID
US09-6358594
Jurisdiction
LOS ANGELES
Metro division
LOS ANGELES-LONG BEACH-GLENDALE, CA METROPOLITAN DIVISION
Zoning & alternative use
SHR3* · Signal Hill, CAZoning SHR3* · permitted uses
SHR3* · 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
APARTMENT HOUSE (5+ UNITS) Current
Est. value
$3.3M
RETAIL STORES
Est. value
$3.4M
COMMERCIAL (GENERAL)
Est. value
$2.9M
APARTMENT HOUSE (5+ UNITS) Current
RETAIL STORES
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
1959
Construction
WOOD
Heating
NONE
Cooling
Yes
Buildings
4
Units
24
Bathrooms
24
Lot
0.53 ac
Current owner
From public records · entity-resolved
Nhim Trust
Trust
Free & Clear · 7 yrs held
Mailing address
9017 SORBONNE WAY, BUENA PARK, CA 90620-4618
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2018
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
Aug 23, 2018
—
Nhim Trust
Nhim,steve C & Mony C
Quit Claim Deed
related
—
Aug 28, 2003
—
Steve C Nhim
Arwyn Apartments LP
Grant Deed
$1,066,000 · Omni Bank
Jan 21, 2003
—
Arwyn Apartments LP
Liberty National Enterprises
Quit Claim Deed
related
—
Jan 23, 1995
$212,000
Liberty National Enterprises L
Sh 24
Trustees Deed
—
May 12, 1989
$262,000
Atlantic 40 Ltd
Unknown
Grant Deed
—
—
—
Steve C Nhim
—
Deed Of Trust
related
$1,150,000 · Malaga Bank Fsb
—
—
Steve C Nhim
—
Deed Of Trust
related
—
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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