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    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    7355 Florence Ave Downey, CA 90240-3606

    • Investment properties
    • 16,511 SF
    • 1.10 lot acres
    OFF-MARKET
    Last Sale
    Feb 20, 2020
    $5,425,054
    Value Estimations
    $5,530,000
    Show details
    Cap Rate Potential
    5.2%
    Investment properties
    Location Intelligence
    Property ID
    US10-0068753
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.

    Current Use by Public Records

    • Tady's Insurance / Insurance Agency
    • Little Caesars Pizza / Pizza Restaurant / Fast Food Restaurant

    Property Details for 7355 Florence Ave

    Year built
    1959
    Construction
    WOOD
    Lot size
    1.10 lot acres
    Property size
    16,511 SF
    Zone code
    DOC4-P*
    Property type
    Investment properties
    Property subtype
    Retail residential properties
    APN
    6359-029-001
    APU
    6359029001

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      Statistic approach
      $5,550,000
      ML approach
      $5,710,000

    • CAP approach

      CAP Return
      Estimation
      6%
      $4,850,000
      6.5%
      $4,475,000
      7%
      $4,155,000

    • Alternative Use

      Use
      Estimation
      COMMERCIAL (GENERAL)
      $5,100,000
      Current use
      AUTO REPAIR, GARAGE
      $7,635,000
      Change: +50% Conversion: Difficult
      MEDICAL BUILDING
      $7,505,000
      Change: +47% Conversion: Easy
      OFFICE BUILDING
      $5,220,000
      Change: +2% Conversion: Easy
      WAREHOUSE, STORAGE
      $4,850,000
      Change: -5% Conversion: Difficult
      RETAIL STORES
      $4,790,000
      Change: -6% Conversion: Easy

    Get a detailed, property-specific valuation — fast and free

    Location Insight

    • Map
    • Local Demand
    City
    Downey
    County
    Los Angeles
    State
    California
    Longitude
    -118.141
    Latitude
    33.9594
    CBSA code
    31080
    CBSA name
    LOS ANGELES-LONG BEACH-ANAHEIM, CA METROPOLITAN STATISTICAL AREA

    Property Tax & Assessments

    Tax date
    Tax Amount
    Assessed Land Value
    Assessed Improvement Value
    Total Assessed Value
    Applied Tax Rate
    Land Market Value
    Improvement Market Value
    Total Market Value
    2024
    $77,320
    $3,216,605
    $2,600,089
    $5,816,694
    -
    $0.00
    $0.00
    $0.00

    Comparable in this City

    • Value Estimation
      $2,180,000
      13,736 SF

      8615 Florence Ave

      STORE/OFFICE (MIXED USE) • 13,736 SF
      8615 Florence Ave, Downey, CA 90240-4000
      View Details
    • Value Estimation
      $1,985,000
      10,596 SF

      8041 Florence Ave

      STORE/OFFICE (MIXED USE) • 10,596 SF
      8041 Florence Ave, Downey, CA 90240-3800
      View Details
    • Value Estimation
      $775,000
      9,636 SF

      9637 Lakewood Blvd

      STORE/OFFICE (MIXED USE) • 9,636 SF
      9637 Lakewood Blvd, Downey, CA 90240-3308
      View Details
    • Value Estimation
      $1,390,000
      7,310 SF

      9047 Florence Ave

      STORE/OFFICE (MIXED USE) • 7,310 SF
      9047 Florence Ave, Downey, CA 90240-3400
      View Details
    • Value Estimation
      $6,180,000
      52,700 SF

      9901 Paramount Blvd

      STORE/OFFICE (MIXED USE) • 52,700 SF
      9901 Paramount Blvd, Downey, CA 90240-3843
      View Details
    • Value Estimation
      $1,840,000
      1,800 SF

      8648 Florence Ave

      STORE/OFFICE (MIXED USE) • 1,800 SF
      8648 Florence Ave, Downey, CA 90240-4035
      View Details

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      28,148 SF

      Downey Development Site Opportunity

      R3 zoned land for development in Downey, California.
      7218 Florence Ave, Downey, CA 90240
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      5,924 SF

      Downey Office Building For Lease

      Spacious Office, Ample Parking, Prime Location
      9701 Blvd, Downey, CA 90240
      View Details

    Similar Nearby for Lease

    • $11,848 /Mo

      Retail Building for Lease

      Commercial building in Downey with ample parking and space.
      9701 Lakewood Blvd, Downey, CA 90240
      View Details
    • Contact for pricing

      Fully Leased Retail Property

      Retail property in Downey, CA, currently 100% leased.
      9901-9915 Paramount Blvd, Downey, CA 90240
      View Details
    • $0.60 SF/Yr
      70,373 SF

      Secured Yard for Lease

      Large, fenced yard approved for truck trailer storage.
      9701 Bluff Rd, Downey, CA 90240
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    • $2 SF/Yr
      496 SF

      Downey Office Space For Rent

      Second floor office unit available for rent in Downey.
      8615 Florence Ave, Downey, CA 90240
      View Details
    • $11,848 /Mo

      Commercial Building for Lease

      Commercial building in Downey with ample space and parking.
      9701 Lakewood Blvd, Downey, CA 90240
      View Details
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    7355 Florence Ave
    Downey, CA 90240-3606
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    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
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