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Property profile & analytics
OFF-MARKET
Apartment buildings
7301 Florence Ave Downey, CA 90240-3649
Entity Owned
11-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US09-6458616
Property profile
Verified
Property type
Apartment buildings
Use group
APARTMENT HOUSE (5+ UNITS)
Year built
1975
Construction
WOOD
Total area
936 SF
Lot
0.22 ac (9,751 SF)
Zoning code
DOC4
APN
6359-029-024
UPID
US09-6458616
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
-
Beach Front Property Management, Inc. - Downey @ The Downey Point Apartments Property Management Company
-
HarveyandSophi Business Networking Company
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
by Request
Owner & transaction history
Pi Downey Pointe LLC · 11 yrs held
Pi Downey Pointe LLC
since 2014
6 recorded transactions
Zoning & alternative use
DOC4 · Downey, CA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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 Downey submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Downey 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
CAP Approach
Comparable Approach
Alternative Use
Get a detailed, property-specific estimation — fast and free
Price per SF
Sale + rent benchmarks
Subject property
—
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
$8,827
Tax year 2024
Assessed value
$671,613
Assessed 2024
Previous assessed
$671,613
+0.0% YoY
Effective rate
1.31%
On assessed value
Assessed land
$494,876
Assessed improvement
$176,737
Applied tax rate
6.0000
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
Apartment buildings
Use group
APARTMENT HOUSE (5+ UNITS)
Status
Off-Market
Year built
1975
Construction
WOOD
Heating
NONE
Cooling
YES
Total area
936 SF
Lot
0.22 ac (9,751 SF)
Zoning code
DOC4
APN
6359-029-024
UPID
US09-6458616
Jurisdiction
LOS ANGELES
Metro division
LOS ANGELES-LONG BEACH-GLENDALE, CA METROPOLITAN DIVISION
Zoning & alternative use
DOC4 · Downey, CA
Zoning DOC4 · permitted uses
DOC4 · Downey, CA
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Downey. Always verify with local authorities before improvements.
Building & site characteristics
From public records
Year built
1975
Construction
WOOD
Heating
NONE
Cooling
Yes
Lot
0.22 ac
Current owner
From public records · entity-resolved
Pi Downey Pointe LLC
Entity
Mailing address
885 N DOUGLAS ST, EL SEGUNDO, CA 90245-2801
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
6 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Feb 25, 2021
—
Pi Downey Pointe LLC
—
Deed
related
$19,500,000 · Pacific Western National Bank
Oct 28, 2016
—
Pi Downey Pointe LLC
—
Deed
related
$14,995,000 · Jpmorgan Chase Bank NA
Aug 28, 2014
$18,429,000
Pi Downey Pointe LLC
Downey Pointe Malcai LP
Grant Deed
$12,900,195 · Jpmorgan Chase Bank NA
Sep 26, 2007
$17,400,000
Downey Pointe Malcal LLC
Silver Manor Associates LLC
Grant Deed
$12,200,000 · Union Bank Of California
Sep 1, 2005
—
Silver Manor Associates LLC
Bell-jax No 6
Grant Deed
$11,287,500 · California Bank & Trust
—
—
Pl Downey Pointe LLC
—
Deed Of Trust
related
$14,995,000 · Jp Morgan Chase Bk
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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