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Property profile & analytics
OFF-MARKET
Estimated value
$2,315,000
Retail space
6620 Somerset Blvd Paramount, CA 90723-3782
Entity Owned
12-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US09-8467316
Property profile
Verified
Property type
Retail space
Use group
RETAIL STORES (PERSONAL SERVICES)
Year built
2006
Construction
WOOD
Total area
7,954 SF
Lot
0.62 ac (27,024 SF)
Zoning code
PAL3YY
APN
6239-005-036
UPID
US09-8467316
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
-
Five Star Coin Laundry (Bike/Boat/Book/etc) Store
-
Ria Money Transfer - Cambio Express Bank Credit Union
-
Ma's Donuts Bakery Discount Store
-
Alan's Barber Shop Barber Shop
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$2.71M
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$2.32M
Owner & transaction history
6620 Somerset Blvd LLC · 12 yrs held
6620 Somerset Blvd LLC
since 2014
7 recorded transactions
Zoning & alternative use
PAL3YY · Paramount, CA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Auto repair, garage
$3.7M
+20.7%
Medical building
$3.6M
+18.6%
Office building
$3.6M
+17.0%
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 Paramount submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Paramount 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%
$2,935,000
6.5%
$2,705,000
7%
$2,515,000
Alternative Use
Use
Estimation
RETAIL STORES
$3,050,000
Current use
AUTO REPAIR, GARAGE
$3,680,000
Change: +21% · Conversion: Difficult
MEDICAL BUILDING
$3,615,000
Change: +19% · Conversion: Difficult
OFFICE BUILDING
$3,570,000
Change: +17% · Conversion: Easy
COMMERCIAL (GENERAL)
$2,460,000
Change: -19% · Conversion: Easy
Blend value · Realmo final
$2.32M
Range $2.08M – $2.55M · ±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
$291 / 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
$43,831
Tax year 2024
Assessed value
$3,214,878
Assessed 2024
Previous assessed
$3,214,878
+0.0% YoY
Effective rate
1.36%
On assessed value
Assessed land
$1,742,645
Assessed improvement
$1,472,233
Applied tax rate
7.0000
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
Retail space
Use group
RETAIL STORES (PERSONAL SERVICES)
Status
Off-Market
Year built
2006
Construction
WOOD
Heating
NONE
Cooling
YES
Buildings
2
Stories
1
Units
4
Total area
7,954 SF
Lot
0.62 ac (27,024 SF)
Zoning code
PAL3YY
APN
6239-005-036
UPID
US09-8467316
Jurisdiction
LOS ANGELES
Metro division
LOS ANGELES-LONG BEACH-GLENDALE, CA METROPOLITAN DIVISION
Zoning & alternative use
PAL3YY · Paramount, CA
Zoning PAL3YY · permitted uses
PAL3YY · Paramount, CA
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Paramount. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
RETAIL STORES Current
Est. value
$3.1M
AUTO REPAIR, GARAGE
Est. value
$3.7M
MEDICAL BUILDING
Est. value
$3.6M
OFFICE BUILDING
Est. value
$3.6M
COMMERCIAL (GENERAL)
Est. value
$2.5M
RETAIL STORES Current
AUTO REPAIR, GARAGE
MEDICAL BUILDING
OFFICE BUILDING
COMMERCIAL (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
2006
Construction
WOOD
Heating
NONE
Cooling
Yes
Stories
1
Buildings
2
Units
4
Lot
0.62 ac
Current owner
From public records · entity-resolved
6620 Somerset Blvd LLC
Entity
Mailing address
5930 SANTA FE AVE, HUNTINGTON PARK, CA 90255-2722
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2014
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
Aug 9, 2017
—
6620 Somerset Blvd LLC
—
Deed
related
$1,300,000 · East West Bank
Mar 14, 2014
$1,033,500
6620 Somerset Blvd LLC
Moiz Investment Properties LLC
Grant Deed
—
Oct 7, 2011
—
Moiz Investment Properties LLC
Saiyed,moizuddin
Quit Claim Deed
—
Jul 25, 2007
$3,185,000
Moizuddin Saiyed
Theodore Kane Enterprises LLC
Grant Deed
$1,710,000 · Countrywide Com Real Estate Fin INC
Jul 25, 2007
—
Theodore Kanes Ents LLC
Theodore Kane Ents LLC
Quit Claim Deed
related
—
Jan 7, 2004
—
Theodore Kane Enterprises LLC
Kane,theodore
Quit Claim Deed
related
—
Mar 20, 2003
—
Theodore Kane
Kane,tr
Quit Claim Deed
related
—
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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