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Property profile & analytics
OFF-MARKET
Estimated value
$1,970,000
Apartment buildings
7321 Petrol St Paramount, CA 90723-3307
Individually Owned
5-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US10-0084847
Property profile
Verified
Property type
Apartment buildings
Use group
APARTMENT HOUSE (5+ UNITS)
Year built
1962
Construction
WOOD
Total area
6,629 SF
Lot
0.41 ac (18,042 SF)
Zoning code
PARM*
APN
6241-024-020
UPID
US10-0084847
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
$2.29M
CAP Approach
CAP
$1.64M
Comparable Approach
Comparable
$1.67M
Blend (final)
Blend
$1.97M
Owner & transaction history
Raul Echemendia · 5 yrs held
Raul Echemendia
since 2021
Last sale
$1.9M
6 recorded transactions
Zoning & alternative use
PARM* · Paramount, CA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Auto repair, garage
$3.1M
+110.2%
Medical building
$3.0M
+106.5%
Office building
$3.0M
+103.8%
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
$2,355,000
ML approach
$2,290,000
CAP Approach
CAP Return
Estimation
6%
$1,780,000
6.5%
$1,640,000
7%
$1,525,000
Alternative Use
Use
Estimation
APARTMENT HOUSE (5+ UNITS)
$1,460,000
Current use
AUTO REPAIR, GARAGE
$3,065,000
Change: +110% · Conversion: Difficult
MEDICAL BUILDING
$3,015,000
Change: +107% · Conversion: Moderate
OFFICE BUILDING
$2,975,000
Change: +104% · Conversion: Moderate
RETAIL STORES
$2,540,000
Change: +74% · Conversion: Difficult
COMMERCIAL (GENERAL)
$2,050,000
Change: +40% · Conversion: Moderate
Blend value · Realmo final
$1.97M
Range $1.77M – $2.17M · ±10% · vs last sale $1.93M (Feb 19 2021)
Last sale anchor
$1.93M
Feb 19 2021
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
$297 / 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
$18,102
Tax year 2024
Assessed value
$1,264,247
Assessed 2024
Previous assessed
$1,264,247
+0.0% YoY
Effective rate
1.43%
On assessed value
Assessed land
$591,076
Assessed improvement
$673,171
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
1962
Construction
WOOD
Heating
FLOOR/WALL FURNACE
Cooling
YES
Buildings
4
Units
7
Bathrooms
7
Total area
6,629 SF
Lot
0.41 ac (18,042 SF)
Zoning code
PARM*
APN
6241-024-020
UPID
US10-0084847
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
$1.5M
AUTO REPAIR, GARAGE
Est. value
$3.1M
MEDICAL BUILDING
Est. value
$3.0M
OFFICE BUILDING
Est. value
$3.0M
RETAIL STORES
Est. value
$2.5M
COMMERCIAL (GENERAL)
Est. value
$2.1M
APARTMENT HOUSE (5+ UNITS) Current
AUTO REPAIR, GARAGE
MEDICAL BUILDING
OFFICE BUILDING
RETAIL STORES
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
1962
Construction
WOOD
Heating
FLOOR/WALL FURNACE
Cooling
Yes
Buildings
4
Units
7
Bathrooms
7
Lot
0.41 ac
Current owner
From public records · entity-resolved
Raul Echemendia
Individual
Mailing address
9713 SHELLYFIELD RD, DOWNEY, CA 90240-3419
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2021
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 19, 2021
—
Raul Echemendia
Raul Echemendia
Intrafamily Transfer
related
—
Jun 17, 2020
—
Raul Echemendia
—
Deed
related
$1,347,500 · Universal Bank
Aug 24, 2016
—
Raul Echemendia
—
Deed
related
$1,106,250 · Jpmorgan Chase Bank NA
Dec 22, 2006
$1,925,000
Raul Echemendia
Randall M De Weerd
Grant Deed
$1,443,750 · Independence Bank
Dec 22, 2006
—
Deweerd Randall M Tr
Deweerd,marvin J
Affidavit Of Death
related
—
Jun 13, 1996
—
Deweerd Marvin J
Deweerd,m J & M
Quit Claim Deed
related
—
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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