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Property profile & analytics
OFF-MARKET
Estimated value
$3,955,000
Apartment buildings
624 Alondra Blvd Gardena, CA 90247-4567
Trust Owned
2-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US09-6338591
Property profile
Verified
Property type
Apartment buildings
Use group
APARTMENT HOUSE (5+ UNITS)
Year built
1989
Construction
WOOD
Total area
14,697 SF
Lot
0.67 ac (29,058 SF)
Zoning code
LARD1.5
APN
6120-020-032
UPID
US09-6338591
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
$3.96M
CAP Approach
CAP
$3.64M
Comparable Approach
Comparable
$4.54M
Blend (final)
Blend
$3.96M
Owner & transaction history
624 Alondra Statutory Trust · 2 yrs held
624 Alondra Statutory Trust
since 2024
Last sale
$4.0M
7 recorded transactions
Zoning & alternative use
LARD1.5 · Gardena, CA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Office building
$4.7M
+33.4%
Commercial (general)
$4.7M
+33.3%
Industrial (general)
$4.4M
+25.0%
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
$3,955,000
ML approach
$3,955,000
CAP Approach
CAP Return
Estimation
6%
$3,940,000
6.5%
$3,640,000
7%
$3,380,000
Alternative Use
Use
Estimation
APARTMENT HOUSE (5+ UNITS)
$3,525,000
Current use
OFFICE BUILDING
$4,700,000
Change: +33% · Conversion: Moderate
COMMERCIAL (GENERAL)
$4,695,000
Change: +33% · Conversion: Moderate
INDUSTRIAL (GENERAL)
$4,405,000
Change: +25% · Conversion: Difficult
Blend value · Realmo final
$3.96M
Range $3.56M – $4.35M · ±10% · vs last sale $3.96M (Jul 8 2024)
Last sale anchor
$3.96M
Jul 8 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
$269 / 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
$54,980
Tax year 2024
Assessed value
$4,326,460
Assessed 2024
Previous assessed
$4,326,460
+0.0% YoY
Effective rate
1.27%
On assessed value
Assessed land
$2,624,749
Assessed improvement
$1,701,711
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
Apartment buildings
Use group
APARTMENT HOUSE (5+ UNITS)
Status
Off-Market
Year built
1989
Construction
WOOD
Heating
NONE
Buildings
3
Units
16
Bathrooms
8
Total area
14,697 SF
Lot
0.67 ac (29,058 SF)
Zoning code
LARD1.5
APN
6120-020-032
UPID
US09-6338591
Jurisdiction
LOS ANGELES
Metro division
LOS ANGELES-LONG BEACH-GLENDALE, CA METROPOLITAN DIVISION
Zoning & alternative use
LARD1.5 · Gardena, CA
Zoning LARD1.5 · permitted uses
LARD1.5 · 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
APARTMENT HOUSE (5+ UNITS) Current
Est. value
$3.5M
OFFICE BUILDING
Est. value
$4.7M
COMMERCIAL (GENERAL)
Est. value
$4.7M
INDUSTRIAL (GENERAL)
Est. value
$4.4M
APARTMENT HOUSE (5+ UNITS) Current
OFFICE BUILDING
COMMERCIAL (GENERAL)
INDUSTRIAL (GENERAL)
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
1989
Construction
WOOD
Heating
NONE
Buildings
3
Units
16
Bathrooms
8
Lot
0.67 ac
Current owner
From public records · entity-resolved
624 Alondra Statutory Trust
Trust
Mailing address
3225 MCLEOD DR #777, LAS VEGAS, NV 89121-2257
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
9 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jul 8, 2024
—
624 Alondra Statutory Trust
Benjamin Yanbing Lin
Intrafamily Transfer
related
—
Sep 1, 2022
—
Benjamin Yanbing Lin
—
Deed
related
$2,975,000 · Jpmorgan Chase Bank NA
Mar 6, 2019
—
Meehan Living Trust
Meehan Living Trust
Quit Claim Deed
related
—
Mar 6, 2019
$3,956,000
Benjamin Yanbing Lin
Richard Lee Meehan
Grant Deed
$2,295,000 · Jpmorgan Chase Bank NA
Apr 19, 2018
—
Meehan Living Trust
Meehan Living Trust
Quit Claim Deed
related
—
Feb 3, 2017
—
Richard Lee Meehan
—
Deed
related
$1,200,000 · Jpmorgan Chase Bank NA
Sep 9, 2004
$2,500,000
Meehan Trust
Kim Jae H & Joung H Trust
Grant Deed
$1,300,000 · Commercial Capital Bank Fsb
Dec 31, 2002
$1,650,000
Kim,tr
Kuvelis,nick & Xenia
Grant Deed
$1,000,000 · Washington Mutual Fsb
—
—
Nick Kuvelis
—
Deed Of Trust
related
$250,000 · Individual
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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