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Property profile & analytics
OFF-MARKET
Estimated value
$1,005,000
Grocery and convenience stores
6625 Somerset Blvd Paramount, CA 90723-3704
Individually Owned
4-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US09-8557862
Property profile
Verified
Property type
Grocery and convenience stores
Use group
GROCERY, SUPERMARKET
Year built
1945
Construction
WOOD
Total area
3,050 SF
Lot
0.13 ac (5,797 SF)
Zoning code
PAM1YY
APN
6237-018-040
UPID
US09-8557862
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
-
OK Market Boba Grocery & Convenience Store Food Market
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$1.04M
CAP Approach
CAP
$1.04M
Comparable Approach
Comparable
$1.30M
Blend (final)
Blend
$1.01M
Owner & transaction history
Jeon Song Youn · 4 yrs held
Jeon Song Youn
since 2022
Last sale
$915,509
7 recorded transactions
Zoning & alternative use
PAM1YY · Paramount, CA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Auto repair, garage
$1.4M
+20.7%
Medical building
$1.4M
+18.6%
Office building
$1.4M
+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
$1,105,000
ML approach
$1,040,000
CAP Approach
CAP Return
Estimation
6%
$1,125,000
6.5%
$1,040,000
7%
$965,000
Alternative Use
Use
Estimation
RETAIL STORES
$1,170,000
Current use
AUTO REPAIR, GARAGE
$1,410,000
Change: +21% · Conversion: Difficult
MEDICAL BUILDING
$1,385,000
Change: +19% · Conversion: Difficult
OFFICE BUILDING
$1,370,000
Change: +17% · Conversion: Easy
COMMERCIAL (GENERAL)
$940,000
Change: -19% · Conversion: Easy
Blend value · Realmo final
$1.01M
Range $905k – $1.11M · ±10% · vs last sale $916k (Jan 31 2022)
Last sale anchor
$916k
Jan 31 2022
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
$330 / 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
$10,431
Tax year 2024
Assessed value
$728,280
Assessed 2024
Previous assessed
$728,280
+0.0% YoY
Effective rate
1.43%
On assessed value
Assessed land
$405,756
Assessed improvement
$322,524
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
Grocery and convenience stores
Use group
GROCERY, SUPERMARKET
Status
Off-Market
Year built
1945
Construction
WOOD
Heating
NONE
Stories
1
Total area
3,050 SF
Lot
0.13 ac (5,797 SF)
Zoning code
PAM1YY
APN
6237-018-040
UPID
US09-8557862
Jurisdiction
LOS ANGELES
Metro division
LOS ANGELES-LONG BEACH-GLENDALE, CA METROPOLITAN DIVISION
Zoning & alternative use
PAM1YY · Paramount, CA
Zoning PAM1YY · permitted uses
PAM1YY · 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
$1.2M
AUTO REPAIR, GARAGE
Est. value
$1.4M
MEDICAL BUILDING
Est. value
$1.4M
OFFICE BUILDING
Est. value
$1.4M
COMMERCIAL (GENERAL)
Est. value
$940,000
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
1945
Construction
WOOD
Heating
NONE
Stories
1
Lot
0.13 ac
Current owner
From public records · entity-resolved
Jeon Song Youn
Individual
Mailing address
35 W 33RD ST APT 12E, NEW YORK, NY 10001-3312
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2022
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
16 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jan 31, 2022
$915,500
Jeon Song Youn
Yong O Hwang
Grant Deed
—
Aug 31, 2020
$850,000
Yong O Hwang
Jason In
Grant Deed
—
Feb 10, 2020
—
Jason In
James In
Quit Claim Deed
related
—
May 7, 2010
$550,000
Jason In
Chung,joon K & Yon H
Grant Deed
$685,000 · Pacific City Bank
Jun 16, 2004
$355,000
Joon K Chung
Kim,michael
Grant Deed
$295,000 · Centerbank
Apr 10, 1996
$200,000
Michael M Kim
Cenfed Bank
Grant Deed
$160,000 · Cenfed Bank
Feb 29, 1996
$121,500
Cenfed Bank
Kim,seung H & Sook J
Trustees Deed
related
—
May 14, 1992
$300,000
Seung H Kim
Gee,keigh K
Grant Deed
$300,000 · Government Funding
—
—
In,jason & Daniel|in,james
—
Deed Of Trust
related
$378,000 · Bbcn Bk
—
—
In,jason & Daniel|in,james
—
Deed Of Trust
related
$140,000 · Bbcn Bk
—
—
Michael K Kim
—
Deed Of Trust
related
$400,000 · Wilshire State Bank
—
—
Seung H Kim
—
Deed Of Trust
related
$28,100 · Us Small Business Admn
—
—
Seung H Kim
—
Deed Of Trust
related
$144,000 · Us Small Business Admn
—
—
Joon K Chung
—
Deed Of Trust
related
$806,000 · Uniti Bank
—
—
Michael M Kim
—
Deed Of Trust
related
$159,000 · Wilshire State Bank
—
—
Michael K Kim
—
Deed Of Trust
related
$355,000 · Boo S Cho
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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