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Property profile & analytics
OFF-MARKET
Estimated value
$815,000
Office buildings
515 1st Ave Arcadia, CA 91006-3832
Entity Owned
6-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US09-6783630
Property profile
Verified
Property type
Office buildings
Use group
PROFESSIONAL BUILDING
Year built
1935
Construction
WOOD
Total area
2,112 SF
Lot
0.18 ac (7,823 SF)
Zoning code
ARC2HY
APN
5779-011-016
UPID
US09-6783630
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
-
Family dental center Dental Office
-
Skin by Ky Medical Clinic Skin Care Clinic
-
Sunwayrental Department Store
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$760k
Comparable Approach
Comparable
$704k
Blend (final)
Blend
$815k
Owner & transaction history
Blooming June Properties LLC · 6 yrs held
Blooming June Properties LLC
since 2019
7 recorded transactions
Zoning & alternative use
ARC2HY · Arcadia, CA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Neighborhood: shopping center
$1.3M
+13.9%
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 Arcadia submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Arcadia 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%
$820,000
6.5%
$760,000
7%
$705,000
Alternative Use
Use
Estimation
OFFICE BUILDING
$1,130,000
Current use
NEIGHBORHOOD: SHOPPING CENTER
$1,285,000
Change: +14% · Conversion: Difficult
AUTO REPAIR, GARAGE
$975,000
Change: -13% · Conversion: Difficult
MEDICAL BUILDING
$960,000
Change: -15% · Conversion: Easy
Blend value · Realmo final
$815k
Range $734k – $897k · ±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
$386 / 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
$18,063
Tax year 2024
Assessed value
$1,458,191
Assessed 2024
Previous assessed
$1,458,191
+0.0% YoY
Effective rate
1.24%
On assessed value
Assessed land
$873,843
Assessed improvement
$584,348
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
Office buildings
Use group
PROFESSIONAL BUILDING
Status
Off-Market
Year built
1935
Construction
WOOD
Heating
CENTRAL
Buildings
2
Stories
1
Bathrooms
2
Total area
2,112 SF
Lot
0.18 ac (7,823 SF)
Zoning code
ARC2HY
APN
5779-011-016
UPID
US09-6783630
Jurisdiction
LOS ANGELES
Metro division
LOS ANGELES-LONG BEACH-GLENDALE, CA METROPOLITAN DIVISION
Zoning & alternative use
ARC2HY · Arcadia, CA
Zoning ARC2HY · permitted uses
ARC2HY · Arcadia, CA
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Arcadia. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
OFFICE BUILDING Current
Est. value
$1.1M
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$1.3M
AUTO REPAIR, GARAGE
Est. value
$975,000
MEDICAL BUILDING
Est. value
$960,000
OFFICE BUILDING Current
NEIGHBORHOOD: SHOPPING CENTER
AUTO REPAIR, GARAGE
MEDICAL BUILDING
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
1935
Construction
WOOD
Heating
CENTRAL
Stories
1
Buildings
2
Bathrooms
2
Lot
0.18 ac
Current owner
From public records · entity-resolved
Blooming June Properties LLC
Entity
Mailing address
517 N CURTIS AVE APT C, ALHAMBRA, CA 91801-2187
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2019
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
10 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jul 30, 2019
$1,360,000
Blooming June Properties LLC
Wu,frank C & Tracy S
Grant Deed
$952,000 · Bank Of America
Mar 23, 2018
—
Frank C Wu
—
Deed
related
$16,200 · Els Pp/tr (ct)
Nov 17, 2009
$910,000
Frank C Wu
Chen,xiao M & Yang
Grant Deed
$450,000 · First General Bank
Nov 8, 2005
$760,000
Xiao M Chen
Chuang,wellson P S
Grant Deed
$310,000 · East West Bank
Aug 8, 2001
—
Han-tsue-hsueh Chuang
Chuang,h Trustee
Quit Claim Deed
related
—
Jul 6, 1988
$435,000
Wong Henry
Tcw
Grant Deed
$200,000 · General Bank
Apr 5, 1988
$300,000
Shin M Chang
Inter
Trustees Deed
—
Apr 5, 1988
$251,500
Interval Servs
Marsh
Trustees Deed
related
$180,000 · Marshall Mary H
—
—
Frank C Wu
—
Deed Of Trust
related
$150,000 · First General Bank
—
—
Frank C Wu
—
Deed Of Trust
related
$16,200 · Els Pp/tr (ct)
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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