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Property profile & analytics
OFF-MARKET
Estimated value
$1,410,000
Apartment buildings
7308 Richfield St Paramount, CA 90723-5727
Entity Owned
4-yr Hold
Absentee Owner
Free & Clear
Property ID
US09-6411587
Property profile
Verified
Property type
Apartment buildings
Use group
APARTMENT HOUSE (5+ UNITS)
Year built
1989
Construction
WOOD
Total area
7,954 SF
Lot
0.41 ac (18,067 SF)
Zoning code
PARM*
APN
6241-021-122
UPID
US09-6411587
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
$1.53M
CAP Approach
CAP
$1.97M
Comparable Approach
Comparable
$1.34M
Blend (final)
Blend
$1.41M
Owner & transaction history
Lacda Housing LP · 4 yrs held
Lacda Housing LP
since 2022
Last sale
$1.3M
7 recorded transactions
Zoning & alternative use
PARM* · Paramount, 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 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
$1,575,000
ML approach
$1,525,000
CAP Approach
CAP Return
Estimation
6%
$2,135,000
6.5%
$1,970,000
7%
$1,830,000
Alternative Use
Use
Estimation
APARTMENT HOUSE (5+ UNITS)
$1,750,000
Current use
Blend value · Realmo final
$1.41M
Range $1.27M – $1.55M · ±10% · vs last sale $1.31M (May 9 2022)
Last sale anchor
$1.31M
May 9 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
$177 / 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
$15,118
Tax year 2024
Assessed value
$1,013,227
Assessed 2024
Previous assessed
$1,013,227
+0.0% YoY
Effective rate
1.49%
On assessed value
Assessed land
$477,129
Assessed improvement
$536,098
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
Apartment buildings
Use group
APARTMENT HOUSE (5+ UNITS)
Status
Off-Market
Year built
1989
Construction
WOOD
Heating
NONE
Cooling
CENTRAL
Units
8
Bathrooms
12
Total area
7,954 SF
Lot
0.41 ac (18,067 SF)
Zoning code
PARM*
APN
6241-021-122
UPID
US09-6411587
Jurisdiction
LOS ANGELES
Metro division
LOS ANGELES-LONG BEACH-GLENDALE, CA METROPOLITAN DIVISION
Zoning & alternative use
PARM* · Paramount, CA
Zoning PARM* · permitted uses
PARM* · 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
APARTMENT HOUSE (5+ UNITS) Current
Est. value
$1.8M
APARTMENT HOUSE (5+ UNITS) Current
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
Cooling
Yes
Units
8
Bathrooms
12
Lot
0.41 ac
Current owner
From public records · entity-resolved
Lacda Housing LP
Entity
Free & Clear · 4 yrs held
Mailing address
4380 BONITA RD, BONITA, CA 91902-1421
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
8 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
May 9, 2022
$1,305,000
Lacda Housing LP
Lacounty Housing LP
Grant Deed
—
Oct 21, 2019
—
Lacounty Housing LP
—
Deed
related
$250,000 · J R Trust (ct)
Oct 18, 2019
$791,000
Lacounty Housing LP
Long Bch Affordable Hsng Coali
Grant Deed
—
Mar 15, 2017
—
Long Bch Affordable Hsng Coali
—
Grant Deed
related
$3,850,000 · Farmers & Merchants Bk/lng Bch
Apr 30, 2004
$1,239,000
Long Beach Affordable Housing
National Housing Development
Grant Deed
$1,239,000 · Universal Bank
Oct 3, 1997
—
Century Housing Corp
—
Deed Of Trust
related
—
Aug 30, 1989
$117,000
State Of Calif
Unknown
Grant Deed
—
—
—
Lacounty Housing LP
—
Deed Of Trust
related
$250,000 · J R Trust (ct)
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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