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Property profile & analytics
OFF-MARKET
Estimated value
$5,180,000
Warehouses
2899 Norton Ave Lynwood, CA 90262-1860
Entity Owned
5-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US09-8961493
Property profile
Verified
Property type
Warehouses
Use group
WAREHOUSE, STORAGE
Year built
1931
Construction
TILT-UP CONCRETE
Total area
18,100 SF
Lot
2.16 ac (94,150 SF)
Zoning code
LYM*
APN
6170-015-028
UPID
US09-8961493
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
-
West Coast Container Services Freight Service Logistics Company
-
inspection construction pipeline Inc Construction Company
-
Harbor team Logistics Logistics Company Freight Service
-
aerologic Moving Company
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$5.22M
CAP Approach
CAP
$3.63M
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$5.18M
Owner & transaction history
Janirok LLC · 5 yrs held
Janirok LLC
since 2021
Last sale
$5.2M
7 recorded transactions
Zoning & alternative use
LYM* · Lynwood, CA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Auto repair, garage
$8.4M
+57.4%
Medical building
$8.2M
+54.7%
Office building
$8.1M
+52.7%
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 Lynwood submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Lynwood 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
$5,210,000
ML approach
$5,215,000
CAP Approach
CAP Return
Estimation
6%
$3,925,000
6.5%
$3,625,000
7%
$3,365,000
Alternative Use
Use
Estimation
WAREHOUSE, STORAGE
$5,320,000
Current use
AUTO REPAIR, GARAGE
$8,370,000
Change: +57% · Conversion: Easy
MEDICAL BUILDING
$8,230,000
Change: +55% · Conversion: Difficult
OFFICE BUILDING
$8,120,000
Change: +53% · Conversion: Difficult
RETAIL STORES
$5,485,000
Change: +3% · Conversion: Moderate
INDUSTRIAL (GENERAL)
$4,260,000
Change: -20% · Conversion: Easy
Blend value · Realmo final
$5.18M
Range $4.66M – $5.70M · ±10% · vs last sale $5.15M (Jan 12 2021)
Last sale anchor
$5.15M
Jan 12 2021
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
$286 / 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
$78,432
Tax year 2024
Assessed value
$5,465,221
Assessed 2024
Previous assessed
$5,465,221
+0.0% YoY
Effective rate
1.44%
On assessed value
Assessed land
$5,040,738
Assessed improvement
$424,483
Applied tax rate
6.0000
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
1931
Construction
TILT-UP CONCRETE
Heating
NONE
Buildings
3
Stories
1
Total area
18,100 SF
Lot
2.16 ac (94,150 SF)
Zoning code
LYM*
APN
6170-015-028
UPID
US09-8961493
Jurisdiction
LOS ANGELES
Metro division
LOS ANGELES-LONG BEACH-GLENDALE, CA METROPOLITAN DIVISION
Zoning & alternative use
LYM* · Lynwood, CA
Zoning LYM* · permitted uses
LYM* · Lynwood, CA
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Lynwood. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
WAREHOUSE, STORAGE Current
Est. value
$5.3M
AUTO REPAIR, GARAGE
Est. value
$8.4M
MEDICAL BUILDING
Est. value
$8.2M
OFFICE BUILDING
Est. value
$8.1M
RETAIL STORES
Est. value
$5.5M
INDUSTRIAL (GENERAL)
Est. value
$4.3M
WAREHOUSE, STORAGE Current
AUTO REPAIR, GARAGE
MEDICAL BUILDING
OFFICE BUILDING
RETAIL STORES
INDUSTRIAL (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
1931
Construction
TILT-UP CONCRETE
Heating
NONE
Stories
1
Buildings
3
Lot
2.16 ac
Current owner
From public records · entity-resolved
Janirok LLC
Entity
Mailing address
26 COVEVIEW DR, RANCHO PALOS VERDES, CA 90275-5059
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2021
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
11 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jan 12, 2021
$5,150,000
Janirok LLC
Cho & Park Property Management LLC
Grant Deed
$2,830,000 · Bbcn Bank
Mar 13, 2019
$3,850,000
Cho & Park Property Management LLC
2899 Norton LLC
Grant Deed
$1,500,000 · Shinhan Bank America
Jun 29, 2017
—
2899 Norton LLC
—
Deed
related
$400,000 · Sook H Lee
Mar 31, 2016
—
2899 Norton LLC
Uaa INC
Grant Deed
—
Dec 16, 2015
$2,100,000
Uaa INC
R Todd Neilson
Quit Claim Deed
related
$1,732,500 · Open Bank
Sep 27, 2001
—
Roderick Reed
Reed,t
Quit Claim Deed
related
—
Mar 18, 1998
—
Pivovaroff,betty L Trustee
Pivovaroff,b L
Quit Claim Deed
related
—
Feb 16, 1994
—
Betty L Pivovaroff
Pivovaroff,j D
Quit Claim Deed
related
—
Dec 6, 1972
$150,000
Sammons
—
Grant Deed
related
—
May 19, 1972
—
—
—
Grant Deed
related
—
—
—
2899 Norton LLC
—
Deed Of Trust
related
$400,000 · Sook H Lee
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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