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Property profile & analytics
OFF-MARKET
Estimated value
$835,000
Investment properties
702 Cres Ave Avalon, CA 90704
Individually Owned
2-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US09-6898756
Property profile
Verified
Property type
Investment properties
Use group
OFFICE/RESIDENTIAL (MIXED USE)
Year built
1912
Construction
WOOD
Total area
2,661 SF
Lot
0.1 ac (4,509 SF)
Zoning code
AVC1*
APN
7480-005-019
UPID
US09-6898756
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
$790k
CAP Approach
CAP
$830k
Comparable Approach
Comparable
$642k
Blend (final)
Blend
$835k
Owner & transaction history
Lance E Brooks · 2 yrs held
Lance E Brooks
since 2023
Last sale
$880,000
7 recorded transactions
Zoning & alternative use
AVC1* · Avalon, CA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Auto repair, garage
$1.2M
+49.7%
Medical building
$1.2M
+47.1%
Office building
$1.2M
+45.2%
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 Avalon submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Avalon 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
$810,000
ML approach
$790,000
CAP Approach
CAP Return
Estimation
6%
$900,000
6.5%
$830,000
7%
$770,000
Alternative Use
Use
Estimation
COMMERCIAL (GENERAL)
$820,000
Current use
AUTO REPAIR, GARAGE
$1,230,000
Change: +50% · Conversion: Difficult
MEDICAL BUILDING
$1,210,000
Change: +47% · Conversion: Easy
OFFICE BUILDING
$1,195,000
Change: +45% · Conversion: Easy
RETAIL STORES
$1,020,000
Change: +24% · Conversion: Easy
WAREHOUSE, STORAGE
$780,000
Change: -5% · Conversion: Difficult
Blend value · Realmo final
$835k
Range $752k – $919k · ±10% · vs last sale $880k (Sep 21 2023)
Last sale anchor
$880k
Sep 21 2023
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
$314 / 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
$35,637
Tax year 2024
Assessed value
$2,139,269
Assessed 2024
Previous assessed
$2,139,269
+0.0% YoY
Effective rate
1.67%
On assessed value
Assessed land
$1,540,631
Assessed improvement
$598,638
Applied tax rate
5.0000
Comparables
6 recent transactions · within 1.5 miComparable in this city
6 recent transactions
Comparable in this City
Similar Nearby for Sale
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
Investment properties
Use group
OFFICE/RESIDENTIAL (MIXED USE)
Status
Off-Market
Year built
1912
Construction
WOOD
Heating
NONE
Cooling
YES
Stories
1
Total area
2,661 SF
Lot
0.1 ac (4,509 SF)
Zoning code
AVC1*
APN
7480-005-019
UPID
US09-6898756
Jurisdiction
LOS ANGELES
Metro division
LOS ANGELES-LONG BEACH-GLENDALE, CA METROPOLITAN DIVISION
Zoning & alternative use
AVC1* · Avalon, CA
Zoning AVC1* · permitted uses
AVC1* · Avalon, CA
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Avalon. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
COMMERCIAL (GENERAL) Current
Est. value
$820,000
AUTO REPAIR, GARAGE
Est. value
$1.2M
MEDICAL BUILDING
Est. value
$1.2M
OFFICE BUILDING
Est. value
$1.2M
RETAIL STORES
Est. value
$1.0M
WAREHOUSE, STORAGE
Est. value
$780,000
COMMERCIAL (GENERAL) Current
AUTO REPAIR, GARAGE
MEDICAL BUILDING
OFFICE BUILDING
RETAIL STORES
WAREHOUSE, STORAGE
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
1912
Construction
WOOD
Heating
NONE
Cooling
Yes
Stories
1
Lot
0.1 ac
Current owner
From public records · entity-resolved
Lance E Brooks
Individual
Mailing address
15430 PLACID DR, LA MIRADA, CA 90638-1612
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2023
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
8 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Sep 21, 2023
—
Lance E Brooks
Cathy E Brooks
Intrafamily Transfer
related
—
Sep 20, 2023
—
Cathy E Brooks
Cathy E Brooks
Intrafamily Transfer
related
—
Feb 15, 2012
—
Grisham Mildred G Trust A
Grisham Mildred G Trust
Quit Claim Deed
related
—
Oct 16, 2007
—
Grisham Family Trust
Grisham,randall W & Evelia
Quit Claim Deed
related
—
Jun 2, 2005
$880,000
Randall W Grisham
Handley,charles
Grant Deed
$380,000 · Donald E Grisham
Aug 7, 2001
—
Donald E Grisham
Grisham,m W
Quit Claim Deed
related
—
Aug 7, 1997
—
Grisham W R Al
—
Deed Of Trust
related
—
—
—
Randall W Grisham
—
Deed Of Trust
related
$299,000 · Elizabeth A Handley
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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