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Property profile & analytics
OFF-MARKET
Estimated value
$64,000,000
Warehouses
421 Baldwin Park Blvd, City Of Industry, CA 91746-1408
Individually Owned
2-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US09-8086997
Property profile
Verified
Property type
Warehouses
Use group
WAREHOUSE, STORAGE
Year built
1977
Total area
215,657 SF
Lot
8.99 ac (391,550 SF)
Zoning code
IDM*
APN
8563-004-010
UPID
US09-8086997
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
$64.00M
CAP Approach
CAP
$43.17M
Comparable Approach
Comparable
$51.67M
Blend (final)
Blend
$64.00M
Owner & transaction history
Rexford Industrial Baldwin Park Lll · 2 yrs held
Rexford Industrial Baldwin Park Lll
since 2024
Last sale
$64.0M
7 recorded transactions
Zoning & alternative use
IDM* · City Of Industry, CA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Restaurant
$106.4M
+108.3%
Medical building
$98.0M
+91.9%
Auto repair, garage
$84.2M
+64.8%
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 City Of Industry submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs City Of Industry 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
$64,000,000
ML approach
$64,000,000
CAP Approach
CAP Return
Estimation
6%
$46,770,000
6.5%
$43,170,000
7%
$40,085,000
Alternative Use
Use
Estimation
WAREHOUSE, STORAGE
$51,085,000
Current use
RESTAURANT
$106,390,000
Change: +108% · Conversion: Difficult
MEDICAL BUILDING
$98,035,000
Change: +92% · Conversion: Difficult
AUTO REPAIR, GARAGE
$84,180,000
Change: +65% · Conversion: Easy
NEIGHBORHOOD: SHOPPING CENTER
$78,135,000
Change: +53% · Conversion: Moderate
OFFICE BUILDING
$66,305,000
Change: +30% · Conversion: Difficult
RETAIL STORES
$63,150,000
Change: +24% · Conversion: Moderate
APARTMENT HOUSE (5+ UNITS)
$53,335,000
Change: +4% · Conversion: Difficult
Blend value · Realmo final
$64.00M
Range $57.60M – $70.40M · ±10% · vs last sale $64.00M (Apr 1 2024)
Last sale anchor
$64.00M
Apr 1 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
$297 / 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
$378,753
Tax year 2024
Assessed value
$27,821,043
Assessed 2024
Previous assessed
$27,821,043
+0.0% YoY
Effective rate
1.36%
On assessed value
Assessed land
$20,826,740
Assessed improvement
$6,994,303
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
WAREHOUSE, STORAGE
Status
Off-Market
Year built
1977
Heating
NONE
Buildings
3
Stories
1
Units
3
Bathrooms
21
Total area
215,657 SF
Lot
8.99 ac (391,550 SF)
Zoning code
IDM*
APN
8563-004-010
UPID
US09-8086997
Jurisdiction
LOS ANGELES
Metro division
LOS ANGELES-LONG BEACH-GLENDALE, CA METROPOLITAN DIVISION
Zoning & alternative use
IDM* · City Of Industry, CA
Zoning IDM* · permitted uses
IDM* · City Of Industry, CA
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
City Of Industry. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
WAREHOUSE, STORAGE Current
Est. value
$51.1M
RESTAURANT
Est. value
$106.4M
MEDICAL BUILDING
Est. value
$98.0M
AUTO REPAIR, GARAGE
Est. value
$84.2M
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$78.1M
OFFICE BUILDING
Est. value
$66.3M
RETAIL STORES
Est. value
$63.2M
APARTMENT HOUSE (5+ UNITS)
Est. value
$53.3M
WAREHOUSE, STORAGE Current
RESTAURANT
MEDICAL BUILDING
AUTO REPAIR, GARAGE
NEIGHBORHOOD: SHOPPING CENTER
OFFICE BUILDING
RETAIL STORES
APARTMENT HOUSE (5+ UNITS)
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
1977
Heating
NONE
Stories
1
Buildings
3
Units
3
Bathrooms
21
Lot
8.99 ac
Current owner
From public records · entity-resolved
Rexford Industrial Baldwin Park Lll
Individual
Mailing address
11620 WILSHIRE BLVD STE #1000, LOS ANGELES, CA 90025-6821
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
15 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Apr 1, 2024
$64,000,000
Rexford Industrial Baldwin Park Lll
Bpp Shiraz Park G LP
Grant Deed
—
May 31, 2022
—
Bpp Shiraz Park G LP
—
Deed
related
—
Aug 7, 2019
—
Bpp Shiraz Park G LP
—
Loan Modification
related
$39,900,000 · Miscellaneous Ins Co
Oct 6, 2017
$22,592,500
Bpp Shiraz Park G LP
Industrial Park G I LLC
Trustees Deed
$8,900,000 · Miscellaneous Ins Co
Sep 18, 2017
$7,364,000
Industrial Park G I Exchange L
Industry Park G Majestic LLC
Grant Deed
—
Sep 18, 2017
—
Industrial Park G I Exchange L
—
Loan Modification
related
$8,900,000 · Miscellaneous Ins Co
Feb 6, 2006
—
Industrial Park G I LLC
Principal R/e Estate Holding C
Grant Deed
related
—
Feb 3, 2006
—
Industrial Park G I LLC
Principal R/e Holding Co LLC
Grant Deed
related
—
Dec 1, 2005
—
Industry Park G I LLC
Principal R/e Holding Co LLC
Grant Deed
—
Nov 30, 2005
—
Principal Life Insurance Co
Pfg Industry Indl Park G LLC
Grant Deed
—
Mar 21, 2002
—
Industry P Pfg
Principal Life Ins
Grant Deed
related
—
—
—
Industry Park G Majestic LLC
—
Deed Of Trust
related
$31,800,000 · Prudential Insurance Co Americ
—
—
Bpp Shiraz Park LP
—
Deed Of Trust
related
—
—
—
Industry Park G Majestic LLC
—
Deed Of Trust
related
$7,700,000 · Prudential Insurance Co
—
—
Industry Park G Majestic LLC
—
Deed Of Trust
related
$17,350,000 · Prudential 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.
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