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Property profile & analytics
OFF-MARKET
Estimated value
$3,590,000
Warehouses
2399 Walnut Ave Signal Hill, CA 90755-6400
Entity Owned
5-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US10-0438568
Property profile
Verified
Property type
Warehouses
Use group
WAREHOUSE, STORAGE
Year built
1970
Construction
TILT-UP CONCRETE
Total area
18,510 SF
Lot
0.79 ac (34,296 SF)
Zoning code
SHM1*
APN
7211-030-013
UPID
US10-0438568
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
$3.70M
CAP Approach
CAP
$4.18M
Comparable Approach
Comparable
$4.81M
Blend (final)
Blend
$3.59M
Owner & transaction history
Mw Rh 1 Signal Hill LLC · 5 yrs held
Mw Rh 1 Signal Hill LLC
since 2021
Last sale
$3.1M
7 recorded transactions
Zoning & alternative use
SHM1* · Signal Hill, CA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Auto repair, garage
$5.9M
+37.3%
Retail stores
$5.2M
+21.9%
Apartment house (5+ units)
$5.1M
+20.4%
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
$3,690,000
ML approach
$3,695,000
CAP Approach
CAP Return
Estimation
6%
$4,525,000
6.5%
$4,175,000
7%
$3,875,000
Alternative Use
Use
Estimation
WAREHOUSE, STORAGE
$4,265,000
Current use
AUTO REPAIR, GARAGE
$5,855,000
Change: +37% · Conversion: Easy
RETAIL STORES
$5,200,000
Change: +22% · Conversion: Moderate
APARTMENT HOUSE (5+ UNITS)
$5,135,000
Change: +20% · Conversion: Difficult
Blend value · Realmo final
$3.59M
Range $3.23M – $3.95M · ±10% · vs last sale $3.10M (Feb 2 2021)
Last sale anchor
$3.10M
Feb 2 2021
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
$194 / 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
$44,984
Tax year 2024
Assessed value
$3,289,744
Assessed 2024
Previous assessed
$3,289,744
+0.0% YoY
Effective rate
1.37%
On assessed value
Assessed land
$2,175,476
Assessed improvement
$1,114,268
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
Warehouses
Use group
WAREHOUSE, STORAGE
Status
Off-Market
Year built
1970
Construction
TILT-UP CONCRETE
Heating
NONE
Buildings
2
Stories
1
Total area
18,510 SF
Lot
0.79 ac (34,296 SF)
Zoning code
SHM1*
APN
7211-030-013
UPID
US10-0438568
Jurisdiction
LOS ANGELES
Metro division
LOS ANGELES-LONG BEACH-GLENDALE, CA METROPOLITAN DIVISION
Zoning & alternative use
SHM1* · Signal Hill, CA
Zoning SHM1* · permitted uses
SHM1* · Signal Hill, CA
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Signal Hill. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
WAREHOUSE, STORAGE Current
Est. value
$4.3M
AUTO REPAIR, GARAGE
Est. value
$5.9M
RETAIL STORES
Est. value
$5.2M
APARTMENT HOUSE (5+ UNITS)
Est. value
$5.1M
WAREHOUSE, STORAGE Current
AUTO REPAIR, GARAGE
RETAIL STORES
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
1970
Construction
TILT-UP CONCRETE
Heating
NONE
Stories
1
Buildings
2
Lot
0.79 ac
Current owner
From public records · entity-resolved
Mw Rh 1 Signal Hill LLC
Entity
Mailing address
1999 AVE OF THE STARS STE #2500, LOS ANGELES, CA 90067-6028
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2021
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
Jan 16, 2024
—
Mw Rh 1 Signal Hill LLC
—
Deed
related
$2,200,000 · Symetra Life Insurance Co
Feb 2, 2021
$3,100,000
Mw Rh 1 Signal Hill LLC
Sandra Lynn Mackinga
Grant Deed
$2,000,000 · Farmers & Merchants Bank
Dec 23, 2019
—
Denham,g E Exemption Trust
Denham G E & A 1995 L Trust
Quit Claim Deed
related
—
Mar 21, 2019
—
Denham,g E & A L 1995 L & Tr D Trust
Denham,ada L
Affidavit Of Death
—
Dec 27, 2001
—
Gilmore E Denham
Denham,j R & G E Tr
Quit Claim Deed
related
—
Dec 27, 2001
$42,000
Denham Trust
Denham,james R & Beverly
Grant Deed
related
—
Jan 24, 1995
—
Denham,gilmore E & Ada L Trustee
Denham,g E & L
Quit Claim Deed
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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