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Property profile & analytics
OFF-MARKET
Estimated value
$1,390,000
Parking lots & garages
3621 Martin Luther King Jr Blvd Lynwood, CA 90262-3512
Entity Owned
5-yr Hold
~
Est. High Equity
Property ID
US09-9130847
Property profile
Verified
Property type
Parking lots & garages
Use group
PARKING LOT
Year built
1952
Total area
31,900 SF
Lot
0.86 ac (37,255 SF)
Zoning code
LYHM
APN
6173-015-048
UPID
US09-9130847
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
-
We Care Dental Dental Office
-
Dr. Piyush T. Karia, DDS Dental Office
-
Ashok Raheja Inc Medical Clinic
-
Jain Surendra V MD Physician
-
Bowens Karol MD Physician
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$1.31M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$1.02M
Blend (final)
Blend
$1.39M
Owner & transaction history
Prime Desert Properties LLC · 5 yrs held
Prime Desert Properties LLC
since 2020
Last sale
$1.4M
7 recorded transactions
Zoning & alternative use
LYHM · Lynwood, CA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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
$1,385,000
ML approach
$1,305,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Blend value · Realmo final
$1.39M
Range $1.25M – $1.53M · ±10% · vs last sale $1.44M (Aug 21 2020)
Last sale anchor
$1.44M
Aug 21 2020
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
$44 / 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 2023Property tax & assessments
Tax year 2023
Assessed value
$9
Assessed 2024
Previous assessed
$9
+0.0% YoY
Assessed land
$9
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
Parking lots & garages
Use group
PARKING LOT
Status
Off-Market
Year built
1952
Heating
NONE
Total area
31,900 SF
Lot
0.86 ac (37,255 SF)
Zoning code
LYHM
APN
6173-015-048
UPID
US09-9130847
Jurisdiction
LOS ANGELES
Metro division
LOS ANGELES-LONG BEACH-GLENDALE, CA METROPOLITAN DIVISION
Zoning & alternative use
LYHM · Lynwood, CA
Zoning LYHM · permitted uses
LYHM · 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.
Building & site characteristics
From public records
Year built
1952
Heating
NONE
Lot
0.86 ac
Current owner
From public records · entity-resolved
Prime Desert Properties LLC
Entity
Mailing address
16850 BEAR VLY RD #200, VICTORVILLE, CA 92395-5794
Ownership since
2020
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
16 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Aug 21, 2020
—
Prime Desert Properties LLC
Prime A Investments LLC
Quit Claim Deed
—
Aug 21, 2020
$1,435,500
Prime A Investments LLC
Verity Holdings LLC
Grant Deed
—
Mar 22, 2019
—
Verity Holdings LLC
—
Grant Deed
related
$185,000,000 · Ally Bk
Sep 14, 2018
—
Mlk Medical LLC
—
Grant Deed
related
$12,000,000 · Bank Of America
Aug 3, 2018
—
Verity Holdings LLC
—
Grant Deed
related
$20,000,000 · Verity Mob Financing II LLC
Jul 31, 2017
$1,425,000
Antelope Valley Medical Plaza
St Lukes Orthodox Church
Grant Deed
—
Aug 12, 2016
—
Mlk Medical LLC
Antelope Valley Medical Plaza
Quit Claim Deed
—
Aug 11, 2016
$2,300,000
Antelope Valley Medical Plaza
Norwitt 2001 Family Trust
Grant Deed
—
Jul 15, 2016
—
Norwitt Family 2001 Trust
Signal Medical Group LP
Grant Deed
—
Feb 16, 2012
—
David A Norwitt
Norwitt 2001 Family Trust
Quit Claim Deed
related
—
Dec 8, 2011
—
David A Norwitt
Norwitt,sandra K
Affidavit Of Death
related
—
Dec 22, 2008
$1,450,000
St Francis Medical Center
Jcw Management LLC
Grant Deed
—
Nov 19, 2007
—
Jcw Management LLC
Chang,henry
Quit Claim Deed
related
—
Sep 15, 2006
$2,375,000
Norwitt 2001 Family Trust
Signal Medical Group
Grant Deed
$2,000,000 · First Republic Bank
Jan 18, 2005
—
Sunshine Capital Group LLC
Inglewood Investment
Grant Deed
—
Nov 24, 2004
$3,500,000
Inglewood Investment Co
Sunnin LLC
Grant Deed
—
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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