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Property profile & analytics
OFF-MARKET
Estimated value
$1,690,000
Office buildings
273 7th St, San Pedro, CA 90731-3321
Entity Owned
13-yr Hold
Free & Clear
Property ID
US09-8383670
Property profile
Verified
Property type
Office buildings
Use group
OFFICE BUILDING
Year built
1913
Construction
TILT-UP CONCRETE
Total area
5,400 SF
Lot
0.12 ac (5,401 SF)
Zoning code
LACM
APN
7455-022-003
UPID
US09-8383670
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
$1.94M
Comparable Approach
Comparable
$1.07M
Blend (final)
Blend
$1.69M
Owner & transaction history
Basaltic LLC · 13 yrs held
Basaltic LLC
since 2013
7 recorded transactions
Zoning & alternative use
LACM · San Pedro, CA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Auto repair, garage
$2.5M
+3.1%
Medical building
$2.5M
+1.4%
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 San Pedro submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs San Pedro 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%
$2,100,000
6.5%
$1,935,000
7%
$1,800,000
Alternative Use
Use
Estimation
OFFICE BUILDING
$2,420,000
Current use
AUTO REPAIR, GARAGE
$2,500,000
Change: +3% · Conversion: Difficult
MEDICAL BUILDING
$2,455,000
Change: +1% · Conversion: Easy
Blend value · Realmo final
$1.69M
Range $1.52M – $1.86M · ±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
$313 / 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
$19,808
Tax year 2024
Assessed value
$1,436,656
Assessed 2024
Previous assessed
$1,436,656
+0.0% YoY
Effective rate
1.38%
On assessed value
Assessed land
$603,637
Assessed improvement
$833,019
Applied tax rate
13.0000
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
1913
Construction
TILT-UP CONCRETE
Heating
NONE
Stories
1
Total area
5,400 SF
Lot
0.12 ac (5,401 SF)
Zoning code
LACM
APN
7455-022-003
UPID
US09-8383670
Jurisdiction
LOS ANGELES
Metro division
LOS ANGELES-LONG BEACH-GLENDALE, CA METROPOLITAN DIVISION
Zoning & alternative use
LACM · San Pedro, CA
Zoning LACM · permitted uses
LACM · San Pedro, CA
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
San Pedro. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
OFFICE BUILDING Current
Est. value
$2.4M
AUTO REPAIR, GARAGE
Est. value
$2.5M
MEDICAL BUILDING
Est. value
$2.5M
OFFICE BUILDING Current
AUTO REPAIR, GARAGE
MEDICAL BUILDING
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
1913
Construction
TILT-UP CONCRETE
Heating
NONE
Stories
1
Lot
0.12 ac
Current owner
From public records · entity-resolved
Basaltic LLC
Entity
Free & Clear · 13 yrs held
Mailing address
273 W 7TH ST, SAN PEDRO, CA 90731-3321
Mailing matches property
Yes
Owner-occupied
Yes
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
9 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Apr 11, 2013
—
Basaltic LLC
Vivimax LLC
Grant Deed
—
Jan 29, 2007
$8,081,500
Vivimax LLC
Munster Noramae R Trust
Grant Deed
—
Jun 2, 2003
—
Munster,tr
Munster,noramae R
Quit Claim Deed
related
—
Jul 29, 2002
—
Noramae R Munster
Yule,j L
Grant Deed
related
—
Jul 24, 2001
—
Noramae R Munster
Munster,n Co-trustee
Quit Claim Deed
related
—
May 28, 1998
—
Munster,noramae Co-trustee
Yule,j L
Grant Deed
related
—
May 24, 1996
—
James P Devere
Devere J P Trustee,
Quit Claim Deed
related
—
Jun 30, 1994
$285,000
Joseph L Yule
Devere Trust
Grant Deed
$245,000 · Seller
Mar 24, 1994
—
Devere,james P Trustee
Devere,j P
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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