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Property profile & analytics
OFF-MARKET
Estimated value
$990,000
Apartment buildings
2484 Lewis Ave Signal Hill, CA 90755-3452
Trust Owned
7-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US10-0416277
Property profile
Verified
Property type
Apartment buildings
Use group
APARTMENT HOUSE (5+ UNITS)
Year built
1924
Construction
WOOD
Total area
4,576 SF
Lot
0.31 ac (13,502 SF)
Zoning code
SHM2*
APN
7211-022-057
UPID
US10-0416277
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
$1.35M
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$990k
Owner & transaction history
Mayer Family Trust · 7 yrs held
Mayer Family Trust
since 2019
7 recorded transactions
Zoning & alternative use
SHM2* · Signal Hill, CA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Office building
$1.6M
+27.6%
Auto repair, garage
$1.4M
+14.0%
Retail stores
$1.3M
+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%
$1,460,000
6.5%
$1,345,000
7%
$1,250,000
Alternative Use
Use
Estimation
APARTMENT HOUSE (5+ UNITS)
$1,270,000
Current use
OFFICE BUILDING
$1,620,000
Change: +28% · Conversion: Moderate
AUTO REPAIR, GARAGE
$1,445,000
Change: +14% · Conversion: Difficult
RETAIL STORES
$1,285,000
Change: +1% · Conversion: Difficult
COMMERCIAL (GENERAL)
$1,100,000
Change: -14% · Conversion: Moderate
WAREHOUSE, STORAGE
$1,055,000
Change: -17% · Conversion: Difficult
Blend value · Realmo final
$990k
Range $891k – $1.09M · ±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
$216 / 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
$22,300
Tax year 2024
Assessed value
$1,661,910
Assessed 2024
Previous assessed
$1,661,910
+0.0% YoY
Effective rate
1.34%
On assessed value
Assessed land
$1,179,420
Assessed improvement
$482,490
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
1924
Construction
WOOD
Heating
NONE
Cooling
YES
Buildings
5
Units
8
Total area
4,576 SF
Lot
0.31 ac (13,502 SF)
Zoning code
SHM2*
APN
7211-022-057
UPID
US10-0416277
Jurisdiction
LOS ANGELES
Metro division
LOS ANGELES-LONG BEACH-GLENDALE, CA METROPOLITAN DIVISION
Zoning & alternative use
SHM2* · Signal Hill, CA
Zoning SHM2* · permitted uses
SHM2* · 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
APARTMENT HOUSE (5+ UNITS) Current
Est. value
$1.3M
OFFICE BUILDING
Est. value
$1.6M
AUTO REPAIR, GARAGE
Est. value
$1.4M
RETAIL STORES
Est. value
$1.3M
COMMERCIAL (GENERAL)
Est. value
$1.1M
WAREHOUSE, STORAGE
Est. value
$1.1M
APARTMENT HOUSE (5+ UNITS) Current
OFFICE BUILDING
AUTO REPAIR, GARAGE
RETAIL STORES
COMMERCIAL (GENERAL)
WAREHOUSE, STORAGE
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
1924
Construction
WOOD
Heating
NONE
Cooling
Yes
Buildings
5
Units
8
Lot
0.31 ac
Current owner
From public records · entity-resolved
Mayer Family Trust
Trust
Mailing address
1856 BUCKINGHAM RD, LOS ANGELES, CA 90019-5907
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2019
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
9 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Apr 27, 2023
—
Alan Mayer
—
Deed
related
$1,665,000 · Pacific Premier Bank
Apr 15, 2020
—
Alan Mayer
—
Deed
related
$1,477,000 · Jpmorgan Chase Bank NA
Jul 3, 2019
$1,550,000
Mayer Family Trust
Moore Living Trust
Grant Deed
$1,162,500 · Fidelity Bancorp
Feb 18, 2009
—
Moore Living Trust
Moore,ron & Doris
Quit Claim Deed
related
—
Feb 9, 1995
$245,000
Ron Moore
Denham,thomas W
Grant Deed
$151,200 · Southern Pacific Thrift & Loan
Feb 7, 1994
—
Thomas W Denham
Anderson,m R Tru
Quit Claim Deed
related
—
Mar 4, 1993
—
Anderson,margie R Tr
—
Deed Of Trust
related
—
Jan 19, 1990
—
Denham Thomas W
Denham Thomas W&
Quit Claim Deed
related
$280,000 · Home Bank
Jan 19, 1990
$2,500
Denham Thomas W&
Ander
Trustees 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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