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Property profile & analytics
OFF-MARKET
Estimated value
$1,965,000
Office buildings
7340 Florence Ave Downey, CA 90240-3652
Entity Owned
3-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US09-7603143
Property profile
Verified
Property type
Office buildings
Use group
OFFICE BUILDING (MULTI-STORY)
Year built
1965
Construction
WOOD
Total area
16,486 SF
Lot
0.73 ac (31,683 SF)
Zoning code
DOC2*
APN
6229-002-025
UPID
US09-7603143
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
-
Sunny S. Kim, L.Ac. Alternative Medicine Practice Acupuncture
-
Covered California Certified Agent Insurance Agency
-
Manualidades & Cleaning Sirila Event Planning
-
Downey Para-Professional & Bookkeeping Accounting Firm Tax Preparation
-
Golden State University High School Vocational School
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$1.57M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$1.31M
Blend (final)
Blend
$1.97M
Owner & transaction history
Lag Properties LLC · 3 yrs held
Lag Properties LLC
since 2022
Last sale
$2.1M
7 recorded transactions
Zoning & alternative use
DOC2* · 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
Method
Estimation
Statistic approach
$1,345,000
ML approach
$1,570,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Blend value · Realmo final
$1.97M
Range $1.77M – $2.16M · ±10% · vs last sale $2.10M (Nov 3 2022)
Last sale anchor
$2.10M
Nov 3 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
$119 / 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
$40,843
Tax year 2024
Assessed value
$2,927,213
Assessed 2024
Previous assessed
$2,927,213
+0.0% YoY
Effective rate
1.40%
On assessed value
Assessed land
$1,533,301
Assessed improvement
$1,393,912
Applied tax rate
3.0000
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
Office buildings
Use group
OFFICE BUILDING (MULTI-STORY)
Status
Off-Market
Year built
1965
Construction
WOOD
Heating
NONE
Stories
2
Total area
16,486 SF
Lot
0.73 ac (31,683 SF)
Zoning code
DOC2*
APN
6229-002-025
UPID
US09-7603143
Jurisdiction
LOS ANGELES
Metro division
LOS ANGELES-LONG BEACH-GLENDALE, CA METROPOLITAN DIVISION
Zoning & alternative use
DOC2* · Downey, CA
Zoning DOC2* · permitted uses
DOC2* · 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
1965
Construction
WOOD
Heating
NONE
Stories
2
Lot
0.73 ac
Current owner
From public records · entity-resolved
Lag Properties LLC
Entity
Mailing address
9635 GARNISH DR, DOWNEY, CA 90240-3001
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
9 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Nov 3, 2022
—
Lag Properties LLC
Lag Properties LLC
Intrafamily Transfer
related
$2,832,000 · Logix FCU
Jun 17, 2004
$2,100,000
Lag Properties LLC
Franco,diana
Grant Deed
$1,322,000 · Banco Popular North America
Oct 30, 2002
$1,400,000
Diana Franco
Salib,tr
Grant Deed
$980,000 · United Commercial Bank
Jun 8, 1990
—
Salib Adel A
—
Deed Of Trust
related
—
Oct 5, 1989
$550,000
Ferraro Kenneth
Pres
Trustees Deed
related
$50,000 · Presicci Felice
Oct 5, 1989
$275,000
Palm Equities
Ferra
Trustees Deed
related
—
—
—
Salib Trust
—
Deed Of Trust
related
$900,000 · Jackson Federal Bank
—
—
Diana Franco
—
Deed Of Trust
related
$210,000 · Salib Trust
—
—
Lag Properties LLC
—
Deed Of Trust
related
$585,000 · Advantage Certified Dev 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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