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Property profile & analytics
OFF-MARKET
Estimated value
$1,900,000
Retail space
7029 Greenleaf Ave Whittier, CA 90602-1305
Individually Owned
2-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US10-0130441
Property profile
Verified
Property type
Retail space
Use group
RETAIL STORES (PERSONAL SERVICES)
Year built
1989
Construction
WOOD
Total area
6,568 SF
Lot
0.16 ac (7,000 SF)
Zoning code
WHC2UD*
APN
8139-023-007
UPID
US10-0130441
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
-
Brown's Whittier Jewelry-Loan Discount Store (Bike/Boat/Book/etc) Store
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$1.90M
CAP Approach
CAP
$2.24M
Comparable Approach
Comparable
$1.18M
Blend (final)
Blend
$1.90M
Owner & transaction history
Hekmat Falatoonzadeh · 2 yrs held
Hekmat Falatoonzadeh
since 2024
Last sale
$1.9M
7 recorded transactions
Zoning & alternative use
WHC2UD* · Whittier, CA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Medical building
$3.0M
+55.2%
Auto repair, garage
$2.6M
+33.3%
Neighborhood: shopping center
$2.4M
+23.7%
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 Whittier submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Whittier 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
$1,900,000
ML approach
$1,900,000
CAP Approach
CAP Return
Estimation
6%
$2,420,000
6.5%
$2,235,000
7%
$2,075,000
Alternative Use
Use
Estimation
RETAIL STORES
$1,925,000
Current use
MEDICAL BUILDING
$2,985,000
Change: +55% · Conversion: Difficult
AUTO REPAIR, GARAGE
$2,565,000
Change: +33% · Conversion: Difficult
NEIGHBORHOOD: SHOPPING CENTER
$2,380,000
Change: +24% · Conversion: Moderate
OFFICE BUILDING
$2,020,000
Change: +5% · Conversion: Easy
WAREHOUSE, STORAGE
$1,840,000
Change: -4% · Conversion: Difficult
INDUSTRIAL (GENERAL)
$1,665,000
Change: -14% · Conversion: Difficult
Blend value · Realmo final
$1.90M
Range $1.71M – $2.09M · ±10% · vs last sale $1.90M (Apr 3 2024)
Last sale anchor
$1.90M
Apr 3 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
$289 / 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
$11,942
Tax year 2024
Assessed value
$680,950
Assessed 2024
Previous assessed
$680,950
+0.0% YoY
Effective rate
1.75%
On assessed value
Assessed land
$336,561
Assessed improvement
$344,389
Applied tax rate
9.0000
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
1989
Construction
WOOD
Heating
NONE
Stories
1
Total area
6,568 SF
Lot
0.16 ac (7,000 SF)
Zoning code
WHC2UD*
APN
8139-023-007
UPID
US10-0130441
Jurisdiction
LOS ANGELES
Metro division
LOS ANGELES-LONG BEACH-GLENDALE, CA METROPOLITAN DIVISION
Zoning & alternative use
WHC2UD* · Whittier, CA
Zoning WHC2UD* · permitted uses
WHC2UD* · Whittier, CA
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Whittier. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
RETAIL STORES Current
Est. value
$1.9M
MEDICAL BUILDING
Est. value
$3.0M
AUTO REPAIR, GARAGE
Est. value
$2.6M
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$2.4M
OFFICE BUILDING
Est. value
$2.0M
WAREHOUSE, STORAGE
Est. value
$1.8M
INDUSTRIAL (GENERAL)
Est. value
$1.7M
RETAIL STORES Current
MEDICAL BUILDING
AUTO REPAIR, GARAGE
NEIGHBORHOOD: SHOPPING CENTER
OFFICE BUILDING
WAREHOUSE, STORAGE
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
Stories
1
Lot
0.16 ac
Current owner
From public records · entity-resolved
Hekmat Falatoonzadeh
Individual
Mailing address
28651 JAEGER DR, LAGUNA BEACH, CA 92677-1350
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
7 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Apr 3, 2024
$1,900,000
Hekmat Falatoonzadeh
Thomas K Rowenhorst
Grant Deed
$1,400,000 · Rowenhorst Family Trust
Jan 12, 2023
—
Thomas K Rowenhorst
Thomas K Rowenhorst
Intrafamily Transfer
related
—
Apr 1, 1998
$435,000
Rowenhorst,thomas K
Huckfeldt Trust
Trustees Deed
$200,000 · Goldenwest Diamond Corp
—
—
Dale B Huckfeldt
—
Deed Of Trust
related
$62,900 · Small Business Associates
—
—
Dale B Huckfeldt
—
Deed Of Trust
related
$356,400 · Small Business Associates
—
—
Thomas K Rowenhorst
—
Deed Of Trust
related
$160,000 · Wells Fargo Bank
—
—
Thomas K Rowenhurst
—
Deed Of Trust
related
$200,000 · Goldenwest Diamond Corp
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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