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Property profile & analytics
OFF-MARKET
Estimated value
$11,745,000
Warehouses
3969 Paramount Blvd Lakewood, CA 90712-4116
Individually Owned
24-yr Hold
Free & Clear
Property ID
US10-0430876
Property profile
Verified
Property type
Warehouses
Use group
MINI-WAREHOUSE, STORAGE
Year built
1966
Construction
TILT-UP CONCRETE
Total area
125,872 SF
Lot
2.98 ac (129,696 SF)
Zoning code
LKM2
APN
7149-004-049
UPID
US10-0430876
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
-
Lakewood Self Storage Storage Facility
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$11.75M
Owner & transaction history
Sol Langsam · 24 yrs held
Sol Langsam
since 2001
7 recorded transactions
Zoning & alternative use
LKM2 · Lakewood, 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 Lakewood submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Lakewood 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
CAP Approach
Comparable Approach
Alternative Use
Get a detailed, property-specific estimation — fast and free
Price per SF
Sale + rent benchmarks
Subject property
$93 / 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
$165,403
Tax year 2024
Assessed value
$11,615,903
Assessed 2024
Previous assessed
$11,615,903
+0.0% YoY
Effective rate
1.42%
On assessed value
Assessed land
$2,679,575
Assessed improvement
$8,936,328
Applied tax rate
12.0000
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
MINI-WAREHOUSE, STORAGE
Status
Off-Market
Year built
1966
Construction
TILT-UP CONCRETE
Heating
NONE
Buildings
3
Stories
1
Total area
125,872 SF
Lot
2.98 ac (129,696 SF)
Zoning code
LKM2
APN
7149-004-049
UPID
US10-0430876
Jurisdiction
LOS ANGELES
Metro division
LOS ANGELES-LONG BEACH-GLENDALE, CA METROPOLITAN DIVISION
Zoning & alternative use
LKM2 · Lakewood, CA
Zoning LKM2 · permitted uses
LKM2 · Lakewood, CA
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Lakewood. Always verify with local authorities before improvements.
Building & site characteristics
From public records
Year built
1966
Construction
TILT-UP CONCRETE
Heating
NONE
Stories
1
Buildings
3
Lot
2.98 ac
Current owner
From public records · entity-resolved
Sol Langsam
Individual
Free & Clear · 24 yrs held
Mailing address
PO BOX 5637, SHERMAN OAKS, CA 91413-5637
Ownership since
2001
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
Oct 4, 2021
—
Lakewood Self Storage LLC
—
Deed
related
$7,000,000 · American Heritage Life Insurance Company
Oct 19, 2001
—
Sol Langsam
Langsam,j A
Quit Claim Deed
related
—
Oct 19, 2001
$3,500,000
Gill Trust
Langsam,sol
Grant Deed
$2,700,000 · Farmers & Merchants Bk Lng Bch
Jun 17, 1998
$2,500,000
Jack Langsam Estate
Windsor Properties INC
Grant Deed
—
—
—
Lakewood Self Storage LLC
—
Deed Of Trust
related
$3,825,000 · Allstate Life Insurance Co
—
—
Joseph C Lane JR.
—
Deed Of Trust
related
$2,803,000 · Pacific First Savings & Loan
—
—
Lakewood Self Storage LLC
—
Deed Of Trust
related
$9,275,000 · Allstate Life Insurance Co
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.
Try Rey
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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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