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Property profile & analytics
OFF-MARKET
Estimated value
$3,500,000
Manufacturing properties
2990 Martin Luther King Jr Blvd, Lynwood, CA 90262-1830
Entity Owned
1-yr Hold
~
Est. High Equity
Property ID
US09-8961496
Property profile
Verified
Property type
Manufacturing properties
Use group
MANUFACTURING (LIGHT)
Year built
1947
Construction
TILT-UP CONCRETE
Total area
8,304 SF
Lot
0.74 ac (32,405 SF)
Zoning code
LYM*
APN
6170-015-029
UPID
US09-8961496
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
-
Custom Industrial Rack Construction Company General Contractor
-
HighNow Delivery Courier Service Postal Service
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$3.50M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$3.16M
Blend (final)
Blend
$3.50M
Owner & transaction history
Ldx Ventures LLC · 1 yrs held
Ldx Ventures LLC
since 2024
Last sale
$3.5M
7 recorded transactions
Zoning & alternative use
LYM* · Lynwood, CA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Restaurant
$5.4M
+176.7%
Neighborhood: shopping center
$5.1M
+158.6%
Auto repair, garage
$3.8M
+96.6%
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
$3,500,000
ML approach
$3,500,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
RESTAURANT
$5,405,000
Change: +177% · Conversion: Difficult
NEIGHBORHOOD: SHOPPING CENTER
$5,055,000
Change: +159% · Conversion: Difficult
AUTO REPAIR, GARAGE
$3,840,000
Change: +97% · Conversion: Easy
MEDICAL BUILDING
$3,775,000
Change: +93% · Conversion: Difficult
OFFICE BUILDING
$3,725,000
Change: +91% · Conversion: Difficult
RETAIL STORES
$2,515,000
Change: +29% · Conversion: Moderate
WAREHOUSE, STORAGE
$2,440,000
Change: +25% · Conversion: Easy
Blend value · Realmo final
$3.50M
Range $3.15M – $3.85M · ±10% · vs last sale $3.50M (Nov 8 2024)
Last sale anchor
$3.50M
Nov 8 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
$421 / 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
$49,382
Tax year 2024
Assessed value
$3,539,145
Assessed 2024
Previous assessed
$3,539,145
+0.0% YoY
Effective rate
1.40%
On assessed value
Assessed land
$2,231,037
Assessed improvement
$1,308,108
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
Manufacturing properties
Use group
MANUFACTURING (LIGHT)
Status
Off-Market
Year built
1947
Construction
TILT-UP CONCRETE
Heating
NONE
Stories
1
Total area
8,304 SF
Lot
0.74 ac (32,405 SF)
Zoning code
LYM*
APN
6170-015-029
UPID
US09-8961496
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
RESTAURANT
Est. value
$5.4M
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$5.1M
AUTO REPAIR, GARAGE
Est. value
$3.8M
MEDICAL BUILDING
Est. value
$3.8M
OFFICE BUILDING
Est. value
$3.7M
RETAIL STORES
Est. value
$2.5M
WAREHOUSE, STORAGE
Est. value
$2.4M
RESTAURANT
NEIGHBORHOOD: SHOPPING CENTER
AUTO REPAIR, GARAGE
MEDICAL BUILDING
OFFICE BUILDING
RETAIL STORES
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
1947
Construction
TILT-UP CONCRETE
Heating
NONE
Stories
1
Lot
0.74 ac
Current owner
From public records · entity-resolved
Ldx Ventures LLC
Entity
Mailing address
2990 E MARTIN LUTHER KING JR BLVD3RDFL, LYNWOOD, CA 90262-1830
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
2024
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
Nov 8, 2024
$3,500,000
Ldx Ventures LLC
Mlk Blvd LLC
Grant Deed
$3,150,000 · Mlk Blvd LLC
Aug 14, 2024
$3,400,000
Ray Gokaldas
2990 Mlk JR LLC
Trustees Deed
related
—
Dec 30, 2022
—
2990 Mlk JR LLC
—
Deed
related
$2,000,000 · Leonite Fund I LP
Nov 22, 2021
—
2990 Mlk JR LLC
—
Deed
related
$3,000,000 · Alliance Portfolio
Nov 1, 2018
—
2990 Mlk JR LLC
—
Deed
related
$7,000,000 · Yoi Holdings LLC
Jun 12, 2018
—
Mlk JR LLC
—
Deed
related
$562,500 · Ceres Group Holdings LLC
Jan 2, 2018
$3,000,000
2990 Mlk JR LLC
Faulman M & A G Trust
Grant Deed
—
—
—
2990 Mlk JR LLC
—
Loan Modification
related
$7,000,000 · Yoi Holdings LLC
—
—
Mlk JR LLC
—
Deed Of Trust
related
$562,500 · Ceres Group Holdings LLC
—
—
2990 Mlk JR LLC
—
Deed Of Trust
related
$5,000,000 · Monarch Mgmt Ptrs LLC
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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