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Property profile & analytics
OFF-MARKET
Estimated value
$3,750,000
Manufacturing properties
408 164th St Gardena, CA 90248-2727
Entity Owned
2-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US09-6449700
Property profile
Verified
Property type
Manufacturing properties
Use group
MANUFACTURING (LIGHT)
Year built
1962
Construction
TILT-UP CONCRETE
Total area
15,600 SF
Lot
0.59 ac (25,825 SF)
Zoning code
CAML*
APN
6125-019-053
UPID
US09-6449700
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
$3.75M
CAP Approach
CAP
$2.81M
Comparable Approach
Comparable
$2.76M
Blend (final)
Blend
$3.75M
Owner & transaction history
Gmfe2 LLC · 2 yrs held
Gmfe2 LLC
since 2024
Last sale
$3.8M
7 recorded transactions
Zoning & alternative use
CAML* · Gardena, CA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Office building
$5.7M
+36.6%
Commercial (general)
$5.0M
+19.2%
Retail stores
$4.6M
+9.5%
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 Gardena submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Gardena 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
$3,750,000
ML approach
$3,750,000
CAP Approach
CAP Return
Estimation
6%
$3,040,000
6.5%
$2,805,000
7%
$2,605,000
Alternative Use
Use
Estimation
INDUSTRIAL (GENERAL)
$4,185,000
Current use
OFFICE BUILDING
$5,710,000
Change: +37% · Conversion: Difficult
COMMERCIAL (GENERAL)
$4,985,000
Change: +19% · Conversion: Difficult
RETAIL STORES
$4,580,000
Change: +9% · Conversion: Moderate
Blend value · Realmo final
$3.75M
Range $3.38M – $4.13M · ±10% · vs last sale $3.75M (Apr 10 2024)
Last sale anchor
$3.75M
Apr 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
$240 / 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
$13,488
Tax year 2024
Assessed value
$811,537
Assessed 2024
Previous assessed
$811,537
+0.0% YoY
Effective rate
1.66%
On assessed value
Assessed land
$294,947
Assessed improvement
$516,590
Applied tax rate
1.0000
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
1962
Construction
TILT-UP CONCRETE
Heating
NONE
Buildings
2
Stories
1
Total area
15,600 SF
Lot
0.59 ac (25,825 SF)
Zoning code
CAML*
APN
6125-019-053
UPID
US09-6449700
Jurisdiction
LOS ANGELES
Metro division
LOS ANGELES-LONG BEACH-GLENDALE, CA METROPOLITAN DIVISION
Zoning & alternative use
CAML* · Gardena, CA
Zoning CAML* · permitted uses
CAML* · Gardena, CA
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Gardena. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
INDUSTRIAL (GENERAL) Current
Est. value
$4.2M
OFFICE BUILDING
Est. value
$5.7M
COMMERCIAL (GENERAL)
Est. value
$5.0M
RETAIL STORES
Est. value
$4.6M
INDUSTRIAL (GENERAL) Current
OFFICE BUILDING
COMMERCIAL (GENERAL)
RETAIL STORES
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
1962
Construction
TILT-UP CONCRETE
Heating
NONE
Stories
1
Buildings
2
Lot
0.59 ac
Current owner
From public records · entity-resolved
Gmfe2 LLC
Entity
Mailing address
5508 CORTLAND ST, LYNWOOD, CA 90262-3914
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
13 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Apr 10, 2024
$3,750,000
Gmfe2 LLC
Four Hundred Seven Gardena LLC
Grant Deed
$1,908,400 · Calprivate Bank
Apr 10, 2024
—
Gmfe2 LLC
—
Deed
related
$1,566,000 · Business Finance Capital
Dec 16, 2022
—
Four Hundred Seven Gardena LLC
—
Deed
related
$6,000,000 · Preferred Bank
Jun 1, 2018
—
Four Hundred Seven Gardena LLC
—
Grant Deed
related
$1,293,000 · Grandpoint Bk
Nov 9, 2015
—
Four Hundred Seven Gardena LLC
Tsai,john S & Stephanie C
Quit Claim Deed
—
Aug 6, 2014
—
John S Tsai
Steven Pier Hoekstra
Intrafamily Transfer
related
$375,000 · Grandpoint Bank
Jul 30, 2014
—
Atlantis Trust
—
Grant Deed
related
$1,413,000 · Grandpoint Bk
Aug 12, 2004
—
Shun T Tsai
Tsai,shun T
Quit Claim Deed
related
$350,000 · First Coastal Bank
Mar 16, 1998
$525,000
Steven P Hoekstra
Garber Trust
Grant Deed
$450,000 · Seller
Feb 10, 1995
—
Trestman,frank Trustee
Garber,j
Quit Claim Deed
related
—
—
—
Steven P Hoekstra
—
Deed Of Trust
related
$490,000 · Grandpoint Bank
—
—
Steven P Hoekstra
—
Deed Of Trust
related
$500,000 · Preferred Bank
—
—
Steven P Hoekstra
—
Deed Of Trust
related
$248,000 · Borrego Springs 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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