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Property profile & analytics
OFF-MARKET
Estimated value
$2,630,000
Retail space
2418 Lomita Blvd, Lomita, CA 90717-1434
Individually Owned
12-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US09-8492907
Property profile
Verified
Property type
Retail space
Use group
RETAIL STORES (PERSONAL SERVICES)
Year built
1982
Construction
WOOD
Total area
16,990 SF
Lot
0.93 ac (40,420 SF)
Zoning code
LOCG*
APN
7376-001-027
UPID
US09-8492907
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
-
Muodu Shanghai Cuisine沪味轩 Restaurant
-
Mercury Insurance Randy Karp Agency Insurance Agency
-
Vendetta Rossa Fresh Grill Restaurant Take-out & Catering
-
Muodu Shanghainese Cuisine Restaurant
-
Planet Escape Room Arcade & Gaming Center
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$3.24M
Blend (final)
Blend
$2.63M
Owner & transaction history
Davinder Singh · 12 yrs held
Davinder Singh
since 2013
7 recorded transactions
Zoning & alternative use
LOCG* · Lomita, CA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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
by Request
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Blend value · Realmo final
$2.63M
Range $2.37M – $2.89M · ±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
$155 / 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
$24,642
Tax year 2024
Assessed value
$1,268,001
Assessed 2024
Previous assessed
$1,268,001
+0.0% YoY
Effective rate
1.94%
On assessed value
Assessed land
$485,278
Assessed improvement
$782,723
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
1982
Construction
WOOD
Heating
NONE
Stories
1
Units
8
Total area
16,990 SF
Lot
0.93 ac (40,420 SF)
Zoning code
LOCG*
APN
7376-001-027
UPID
US09-8492907
Jurisdiction
LOS ANGELES
Metro division
LOS ANGELES-LONG BEACH-GLENDALE, CA METROPOLITAN DIVISION
Zoning & alternative use
LOCG* · Lomita, CA
Zoning LOCG* · permitted uses
LOCG* · Lomita, CA
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Lomita. Always verify with local authorities before improvements.
Building & site characteristics
From public records
Year built
1982
Construction
WOOD
Heating
NONE
Stories
1
Units
8
Lot
0.93 ac
Current owner
From public records · entity-resolved
Davinder Singh
Individual
Mailing address
6528 N 63RD PL, PARADISE VALLEY, AZ 85253-4200
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2013
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
14 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
May 23, 2023
—
Davinder Singh
—
Deed
related
$2,200,000 · Redstone FCU
Nov 4, 2013
—
Davinder Singh
Singh,davinder
Quit Claim Deed
related
—
Nov 4, 1997
—
Davinder Singh
Singh,g
Quit Claim Deed
related
—
Aug 21, 1996
$822,500
Midland Life Insurance Co
Hirai,kenneth & Linda
Trustees Deed
—
Jan 29, 1996
—
John Peri
—
Deed Of Trust
related
—
May 22, 1992
—
Peri John
—
Deed Of Trust
related
—
—
—
Davinder Singh
—
Deed Of Trust
related
$1,750,000 · Tomatobank
—
—
Davinder Singh
—
Deed Of Trust
related
$880,000 · First Continental Bank
—
—
Davinder Singh
—
Deed Of Trust
related
$1,550,000 · Premier America FCU
—
—
Davinder Singh
—
Deed Of Trust
related
$1,400,000 · Evertrust Bank
—
—
Davinder Singh
—
Deed Of Trust
related
$100,000 · Evertrust Bank
—
—
Davinder Singh
—
Deed Of Trust
related
$287,000 · First Continental Bank
—
—
Davinder Singh
—
Deed Of Trust
related
$100,000 · Evertrust Bank
—
—
Davinder Singh
—
Deed Of Trust
related
$607,500 · First Continental 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.
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?”
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