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Property profile & analytics
OFF-MARKET
Estimated value
$16,365,000
Industrial properties
2435 37th St Vernon, CA 90058-1704
Entity Owned
1-yr Hold
Absentee Owner
Free & Clear
Property ID
US09-9102904
Property profile
Verified
Property type
Industrial properties
Use group
INDUSTRIAL (GENERAL)
Year built
1949
Total area
79,732 SF
Lot
3.04 ac (132,476 SF)
Zoning code
VEM&MS3*
APN
6302-005-021
UPID
US09-9102904
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
$15.24M
Comparable Approach
Comparable
$15.23M
Blend (final)
Blend
$16.37M
Owner & transaction history
Konoike Pacific California INC · 1 yrs held
Konoike Pacific California INC
since 2025
Last sale
$17.5M
3 recorded transactions
Zoning & alternative use
VEM&MS3* · Vernon, CA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Commercial (general)
$23.9M
+10.9%
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 Vernon submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Vernon 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%
$16,510,000
6.5%
$15,240,000
7%
$14,150,000
Alternative Use
Use
Estimation
INDUSTRIAL (GENERAL)
$21,530,000
Current use
COMMERCIAL (GENERAL)
$23,885,000
Change: +11% · Conversion: Difficult
Blend value · Realmo final
$16.37M
Range $14.73M – $18.00M · ±10% · vs last sale $17.50M (Nov 3 2024)
Last sale anchor
$17.50M
Nov 3 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
$205 / 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
$96,409
Tax year 2024
Assessed value
$6,882,269
Assessed 2024
Previous assessed
$6,882,269
+0.0% YoY
Effective rate
1.40%
On assessed value
Assessed land
$4,611,006
Assessed improvement
$2,271,263
Applied tax rate
10.0000
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
Industrial properties
Use group
INDUSTRIAL (GENERAL)
Status
Off-Market
Year built
1949
Heating
NONE
Buildings
3
Stories
1
Total area
79,732 SF
Lot
3.04 ac (132,476 SF)
Zoning code
VEM&MS3*
APN
6302-005-021
UPID
US09-9102904
Jurisdiction
LOS ANGELES
Metro division
LOS ANGELES-LONG BEACH-GLENDALE, CA METROPOLITAN DIVISION
Zoning & alternative use
VEM&MS3* · Vernon, CA
Zoning VEM&MS3* · permitted uses
VEM&MS3* · Vernon, CA
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Vernon. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
INDUSTRIAL (GENERAL) Current
Est. value
$21.5M
COMMERCIAL (GENERAL)
Est. value
$23.9M
INDUSTRIAL (GENERAL) Current
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
1949
Heating
NONE
Stories
1
Buildings
3
Lot
3.04 ac
Current owner
From public records · entity-resolved
Konoike Pacific California INC
Entity
Free & Clear · 1 yrs held
Mailing address
6000 JENSEN DR, HOUSTON, TX 77026-1113
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2025
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
3 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Feb 3, 2025
$17,500,000
Konoike Pacific California INC
Almeria Holdings LLC
Grant Deed
—
Sep 30, 2015
$4,700,000
Almeria Holdings LLC
Maas-hansen Steel Corp
Grant Deed
—
Apr 23, 1971
—
—
—
Grant 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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