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Property profile & analytics
OFF-MARKET
Estimated value
$670,000
Retail space
309 7th St, San Pedro, CA 90731-3323
Entity Owned
14-yr Hold
~
Est. High Equity
Property ID
US09-8383642
Property profile
Verified
Property type
Retail space
Use group
RETAIL STORES (PERSONAL SERVICES)
Year built
1925
Construction
TILT-UP CONCRETE
Total area
3,000 SF
Lot
0.11 ac (4,800 SF)
Zoning code
LACM
APN
7455-011-010
UPID
US09-8383642
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
by Request
Comparable Approach
Comparable
$404k
Blend (final)
Blend
$670k
Owner & transaction history
Hollywood Renaissance Development · 14 yrs held
Hollywood Renaissance Development
since 2012
7 recorded transactions
Zoning & alternative use
LACM · San Pedro, CA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Warehouse, storage
$880,000
+24.6%
Commercial (general)
$785,000
+11.2%
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%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
RETAIL STORES
$710,000
Current use
WAREHOUSE, STORAGE
$880,000
Change: +25% · Conversion: Difficult
COMMERCIAL (GENERAL)
$785,000
Change: +11% · Conversion: Easy
Blend value · Realmo final
$670k
Range $603k – $737k · ±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
$223 / 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
$9,776
Tax year 2024
Assessed value
$663,311
Assessed 2024
Previous assessed
$663,311
+0.0% YoY
Effective rate
1.47%
On assessed value
Assessed land
$525,399
Assessed improvement
$137,912
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
Retail space
Use group
RETAIL STORES (PERSONAL SERVICES)
Status
Off-Market
Year built
1925
Construction
TILT-UP CONCRETE
Heating
NONE
Stories
1
Units
2
Total area
3,000 SF
Lot
0.11 ac (4,800 SF)
Zoning code
LACM
APN
7455-011-010
UPID
US09-8383642
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
RETAIL STORES Current
Est. value
$710,000
WAREHOUSE, STORAGE
Est. value
$880,000
COMMERCIAL (GENERAL)
Est. value
$785,000
RETAIL STORES Current
WAREHOUSE, STORAGE
COMMERCIAL (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
1925
Construction
TILT-UP CONCRETE
Heating
NONE
Stories
1
Units
2
Lot
0.11 ac
Current owner
From public records · entity-resolved
Hollywood Renaissance Development
Entity
Mailing address
PO BOX 5348, SAN PEDRO, CA 90733-5348
Ownership since
2012
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
Sep 16, 2021
—
Hollywood Renaissance Development
—
Deed
related
$3,000,000 · Farmers & Merchants Bank
May 14, 2012
—
Hollywood Renaissance Development
Hollywood Renaissance Development
Grant Deed
$2,510,000 · Farmers & Merchants Bank Of Long Beach
Jan 18, 2007
—
Hollywood Renaissance Development
Hollywood Renaissance Development
Grant Deed
related
$350,000 · Farmers & Merchants Bank Of Long Be
Oct 12, 2006
$500,000
Hollywood Renaissance Dev INC
Mackenzie Fam 2003 Trust
Grant Deed
—
Oct 27, 2003
—
Mackenzie,tr
Mackenzie,robert A & Rauel H
Quit Claim Deed
related
—
Jan 31, 1995
—
Robert A Mackenzie
Mackenzie,b J
Quit Claim Deed
related
—
—
—
Robert A Mackenzie
—
Deed Of Trust
related
$125,000 · Bay Cities National Bank
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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