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Property profile & analytics
OFF-MARKET
Estimated value
$1,600,000
Warehouses
2894 Gundry Ave Signal Hill, CA 90755-1818
Entity Owned
3-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US09-7014133
Property profile
Verified
Property type
Warehouses
Use group
WAREHOUSE, STORAGE
Year built
1983
Construction
TILT-UP CONCRETE
Total area
6,303 SF
Lot
1.36 ac (59,024 SF)
Zoning code
SHM2*
APN
7212-008-094
UPID
US09-7014133
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
$1.63M
CAP Approach
CAP
$1.42M
Comparable Approach
Comparable
$2.10M
Blend (final)
Blend
$1.60M
Owner & transaction history
Gundry Studios LLC · 3 yrs held
Gundry Studios LLC
since 2022
Last sale
$1.6M
7 recorded transactions
Zoning & alternative use
SHM2* · Signal Hill, CA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Office building
$2.2M
+53.7%
Auto repair, garage
$2.0M
+37.3%
Retail stores
$1.8M
+21.9%
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 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
$1,630,000
ML approach
$1,630,000
CAP Approach
CAP Return
Estimation
6%
$1,540,000
6.5%
$1,420,000
7%
$1,320,000
Alternative Use
Use
Estimation
WAREHOUSE, STORAGE
$1,450,000
Current use
OFFICE BUILDING
$2,230,000
Change: +54% · Conversion: Difficult
AUTO REPAIR, GARAGE
$1,995,000
Change: +37% · Conversion: Easy
RETAIL STORES
$1,770,000
Change: +22% · Conversion: Moderate
APARTMENT HOUSE (5+ UNITS)
$1,750,000
Change: +20% · Conversion: Difficult
Blend value · Realmo final
$1.60M
Range $1.44M – $1.76M · ±10% · vs last sale $1.58M (Jul 21 2022)
Last sale anchor
$1.58M
Jul 21 2022
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
$254 / 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
$21,324
Tax year 2024
Assessed value
$1,606,500
Assessed 2024
Previous assessed
$1,606,500
+0.0% YoY
Effective rate
1.33%
On assessed value
Assessed land
$795,600
Assessed improvement
$810,900
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
Warehouses
Use group
WAREHOUSE, STORAGE
Status
Off-Market
Year built
1983
Construction
TILT-UP CONCRETE
Heating
NONE
Units
1
Total area
6,303 SF
Lot
1.36 ac (59,024 SF)
Zoning code
SHM2*
APN
7212-008-094
UPID
US09-7014133
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
WAREHOUSE, STORAGE Current
Est. value
$1.5M
OFFICE BUILDING
Est. value
$2.2M
AUTO REPAIR, GARAGE
Est. value
$2.0M
RETAIL STORES
Est. value
$1.8M
APARTMENT HOUSE (5+ UNITS)
Est. value
$1.8M
WAREHOUSE, STORAGE Current
OFFICE BUILDING
AUTO REPAIR, GARAGE
RETAIL STORES
APARTMENT HOUSE (5+ UNITS)
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
1983
Construction
TILT-UP CONCRETE
Heating
NONE
Units
1
Lot
1.36 ac
Current owner
From public records · entity-resolved
Gundry Studios LLC
Entity
Mailing address
3314 STEVELY AVE, LONG BEACH, CA 90808-4405
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2022
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
10 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jul 27, 2022
—
Gundry Studios LLC
—
Deed
related
$661,000 · Cdc Small Business Finance Corp
Jul 21, 2022
$1,575,000
Gundry Studios LLC
Double J Properties LLC
Grant Deed
$803,000 · First Citizens Bank & Trust Co
Jul 21, 2022
—
First Citizens Bank & Trust Company
Gundry Studios LLC
Assignment Of Lease (leasehold Sale)
$641,000 · First Citizens Bank & Trust Co
Aug 21, 2014
$840,000
Double J Properties LLC
Jerry L Gowin
Grant Deed
$370,000 · American Business Bank
Jul 10, 2008
—
Jerry L Gowin
Gowin J L & S M Living Trust
Quit Claim Deed
related
—
Aug 17, 1998
—
Jerry L Gowin
Gowin,j L & S M
Quit Claim Deed
related
—
Jan 6, 1998
$240,000
Jerry L Gowin
Geoffrey B Carothers Estate
Grant Deed
$120,000 · Farmers & Merchants Bk Lng Bch
Aug 25, 1988
$380,000
Geoffr Carothers
Tde
Trustees Deed
—
Aug 25, 1988
$156,000
Tde
Denham Richard D
Trustees Deed
related
—
—
—
Double J Properties LLC
—
Deed Of Trust
related
$382,000 · California Statewide Dev Corp
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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