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Property profile & analytics
OFF-MARKET
Estimated value
$1,780,000
Office buildings
24317 Pennsylvania Ave Lomita, CA 90717-1400
Entity Owned
1-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US09-8411314
Property profile
Verified
Property type
Office buildings
Use group
OFFICE BUILDING
Year built
1989
Construction
WOOD
Total area
6,980 SF
Lot
0.31 ac (13,403 SF)
Zoning code
LOCG*
APN
7376-001-026
UPID
US09-8411314
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
-
True Pilates Torrance Gym & Fitness Center
-
HPI Counseling Center Family Counselor
-
Block House Gabe&kids Craft High School
-
Top Lomita Carpet Care Carpet Cleaning Service
-
A New You Hair Restoration Hair Salon
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$1.78M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$2.41M
Blend (final)
Blend
$1.78M
Owner & transaction history
Verdant Property Management INC · 1 yrs held
Verdant Property Management INC
since 2024
Last sale
$1.8M
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
$1,780,000
ML approach
$1,780,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
RETAIL STORES
$2,675,000
Change: -15% · Conversion: Moderate
Blend value · Realmo final
$1.78M
Range $1.60M – $1.96M · ±10% · vs last sale $1.78M (Sep 4 2024)
Last sale anchor
$1.78M
Sep 4 2024
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
$255 / 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
$18,719
Tax year 2024
Assessed value
$1,348,922
Assessed 2024
Previous assessed
$1,348,922
+0.0% YoY
Effective rate
1.39%
On assessed value
Assessed land
$681,562
Assessed improvement
$667,360
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
Office buildings
Use group
OFFICE BUILDING
Status
Off-Market
Year built
1989
Construction
WOOD
Heating
NONE
Stories
1
Total area
6,980 SF
Lot
0.31 ac (13,403 SF)
Zoning code
LOCG*
APN
7376-001-026
UPID
US09-8411314
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.
Alternative use value scenarios
Repositioning upside vs current use
RETAIL STORES
Est. value
$2.7M
RETAIL STORES
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
1989
Construction
WOOD
Heating
NONE
Stories
1
Lot
0.31 ac
Current owner
From public records · entity-resolved
Verdant Property Management INC
Entity
Mailing address
6352 VIA COLINITA DR, RANCHO PALOS VERDES, CA 90275-6480
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2024
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
16 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Sep 4, 2024
$1,780,000
Verdant Property Management INC
Penn Plaza LLC
Grant Deed
$10,000 · Pacific Premier Bank
May 7, 2021
—
Penn Plaza LLC
—
Deed
related
$500,000 · Farmers & Merchants Bank Of Long Beach
Jun 26, 2019
—
Penn Plaza LLC
—
Deed
related
$480,000 · Farmers & Merchants Bk/lng Bch
Aug 19, 2016
—
Penn Plaza LLC
—
Deed
related
$400,000 · Farmers & Merchants Bk/lng Bch
Jun 15, 2007
—
Penn Plaza LLC
Klarwein,peter K & Monica J
Grant Deed
related
—
Mar 27, 2007
—
Penn Plaza LLC
Klarwein,peter K & Monica J
Grant Deed
related
—
Nov 23, 2004
—
Klarwein Family Trust
Klarwein,peter K & Monica
Quit Claim Deed
related
—
Jun 19, 2003
—
Peter K Klarwein
Wang,huey L & Chia L
Grant Deed
$175,000 · Danihel Trust
Mar 26, 1997
—
Huey L Wang
Wang,h L
Quit Claim Deed
related
—
May 18, 1988
$318,000
I Pennsylvania
Karl
Grant Deed
$640,000 · General Bank
—
—
Penn Plaza LLC
—
Deed Of Trust
related
$480,000 · Farmers & Merchants Bk/lng Bch
—
—
I Pennsylvania
—
Deed Of Trust
related
$50,000 · Lin Group
—
—
Huey L Wang
—
Deed Of Trust
related
$420,000 · General Bank
—
—
Chia-lung Yeh
—
Deed Of Trust
related
$494,736 · General Bank
—
—
Penn Plaza LLC
—
Deed Of Trust
related
$400,000 · Farmers & Merchants Bk/lng Bch
—
—
Peter K Klarwein
—
Deed Of Trust
related
$50,000 · Danihel Michael & Olivia Trust
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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