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Property profile & analytics
OFF-MARKET
Estimated value
$6,500,000
Parking lots & garages
302 Lakme Ave Wilmington, CA 90744
Entity Owned
2-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US09-9115264
Property profile
Verified
Property type
Parking lots & garages
Use group
PARKING LOT
Year built
1960
Total area
9,817 SF
Lot
0.23 ac (9,854 SF)
Zoning code
LAM2
APN
7418-026-036
UPID
US09-9115264
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
$6.50M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$8.36M
Blend (final)
Blend
$6.50M
Owner & transaction history
Ye Holding LLC · 2 yrs held
Ye Holding LLC
since 2024
Last sale
$6.5M
7 recorded transactions
Zoning & alternative use
LAM2 · Wilmington, CA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Restaurant
$6.4M
+22.1%
Neighborhood: shopping center
$6.0M
+14.1%
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 Wilmington submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Wilmington 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
$6,500,000
ML approach
$6,500,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
PARKING LOT
$5,235,000
Current use
RESTAURANT
$6,395,000
Change: +22% · Conversion: Difficult
NEIGHBORHOOD: SHOPPING CENTER
$5,975,000
Change: +14% · Conversion: Difficult
INDUSTRIAL (GENERAL)
$4,925,000
Change: -6% · Conversion: Difficult
AUTO REPAIR, GARAGE
$4,540,000
Change: -13% · Conversion: Difficult
MEDICAL BUILDING
$4,465,000
Change: -15% · Conversion: Difficult
OFFICE BUILDING
$4,405,000
Change: -16% · Conversion: Difficult
Blend value · Realmo final
$6.50M
Range $5.85M – $7.15M · ±10% · vs last sale $6.50M (Jan 10 2024)
Last sale anchor
$6.50M
Jan 10 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
$662 / 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
$15,214
Tax year 2024
Assessed value
$1,224,000
Assessed 2024
Previous assessed
$1,224,000
+0.0% YoY
Effective rate
1.24%
On assessed value
Assessed land
$1,173,000
Assessed improvement
$51,000
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
Parking lots & garages
Use group
PARKING LOT
Status
Off-Market
Year built
1960
Heating
NONE
Total area
9,817 SF
Lot
0.23 ac (9,854 SF)
Zoning code
LAM2
APN
7418-026-036
UPID
US09-9115264
Jurisdiction
LOS ANGELES
Metro division
LOS ANGELES-LONG BEACH-GLENDALE, CA METROPOLITAN DIVISION
Zoning & alternative use
LAM2 · Wilmington, CAZoning LAM2 · permitted uses
LAM2 · Wilmington, CA
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Alternative use value scenarios
Repositioning upside vs current use
PARKING LOT Current
Est. value
$5.2M
RESTAURANT
Est. value
$6.4M
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$6.0M
INDUSTRIAL (GENERAL)
Est. value
$4.9M
AUTO REPAIR, GARAGE
Est. value
$4.5M
MEDICAL BUILDING
Est. value
$4.5M
OFFICE BUILDING
Est. value
$4.4M
PARKING LOT Current
RESTAURANT
NEIGHBORHOOD: SHOPPING CENTER
INDUSTRIAL (GENERAL)
AUTO REPAIR, GARAGE
MEDICAL BUILDING
OFFICE 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
1960
Heating
NONE
Lot
0.23 ac
Current owner
From public records · entity-resolved
Ye Holding LLC
Entity
Mailing address
13775 MAGNOLIA AVE STE B, CHINO, CA 91710-7046
Mailing matches property
Different — outreach signal
Owner-occupied
No
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
7 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jan 10, 2024
$6,500,000
Ye Holding LLC
Iov 302 Lakme Ave LLC
Grant Deed
$3,250,000 · East West Bank
Jan 10, 2024
—
Sea Wolf Group Corp
Ye Holding LLC
Lease
—
Dec 2, 2022
$9,000,000
Iov 302 Lakme Ave LLC
Susan Shimmin Okey
Grant Deed
—
Oct 4, 2022
—
Susan Shimmin Okey
Marilyn Elaine Shimmin
Affidavit Death Of Trustee/successor Trustee
related
—
Jan 12, 2011
—
Shimmin Family Trust
Shimmin Family Trust
Quit Claim Deed
related
—
Dec 23, 2010
—
Shimmin Family Trust
Shimmin,robert P
Affidavit Of Death
related
—
Apr 23, 1993
—
Shimmin Robert
—
Deed Of Trust
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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