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Property profile & analytics
OFF-MARKET
Estimated value
$3,425,000
Apartment buildings
7836 Stewart And Gray Rd Downey, CA 90241-4781
Entity Owned
1-yr Hold
Free & Clear
Property ID
US09-6460365
Property profile
Verified
Property type
Apartment buildings
Use group
APARTMENT HOUSE (5+ UNITS)
Year built
1964
Construction
WOOD
Total area
15,171 SF
Lot
0.53 ac (22,994 SF)
Zoning code
DOR3-P*
APN
6246-002-004
UPID
US09-6460365
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
by Request
CAP Approach
CAP
$3.43M
Comparable Approach
Comparable
$2.22M
Blend (final)
Blend
$3.43M
Owner & transaction history
1st Deal LLC · 1 yrs held
1st Deal LLC
since 2025
Last sale
$4.0M
7 recorded transactions
Zoning & alternative use
DOR3-P* · Downey, CA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Office building
$4.8M
+26.9%
Commercial (general)
$4.7M
+24.1%
Warehouse, storage
$4.5M
+18.0%
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
by Request
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
$3,715,000
6.5%
$3,430,000
7%
$3,185,000
Alternative Use
Use
Estimation
APARTMENT HOUSE (5+ UNITS)
$3,780,000
Current use
OFFICE BUILDING
$4,795,000
Change: +27% · Conversion: Moderate
COMMERCIAL (GENERAL)
$4,690,000
Change: +24% · Conversion: Moderate
WAREHOUSE, STORAGE
$4,460,000
Change: +18% · Conversion: Difficult
Blend value · Realmo final
$3.43M
Range $3.08M – $3.77M · ±10% · vs last sale $4.03M (Nov 28 2024)
Last sale anchor
$4.03M
Nov 28 2024
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
$226 / 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
$12,789
Tax year 2024
Assessed value
$645,344
Assessed 2024
Previous assessed
$645,344
+0.0% YoY
Effective rate
1.98%
On assessed value
Assessed land
$167,026
Assessed improvement
$478,318
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
Apartment buildings
Use group
APARTMENT HOUSE (5+ UNITS)
Status
Off-Market
Year built
1964
Construction
WOOD
Heating
NONE
Cooling
CENTRAL
Units
17
Bathrooms
28
Total area
15,171 SF
Lot
0.53 ac (22,994 SF)
Zoning code
DOR3-P*
APN
6246-002-004
UPID
US09-6460365
Jurisdiction
LOS ANGELES
Metro division
LOS ANGELES-LONG BEACH-GLENDALE, CA METROPOLITAN DIVISION
Zoning & alternative use
DOR3-P* · Downey, CA
Zoning DOR3-P* · permitted uses
DOR3-P* · 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.
Alternative use value scenarios
Repositioning upside vs current use
APARTMENT HOUSE (5+ UNITS) Current
Est. value
$3.8M
OFFICE BUILDING
Est. value
$4.8M
COMMERCIAL (GENERAL)
Est. value
$4.7M
WAREHOUSE, STORAGE
Est. value
$4.5M
APARTMENT HOUSE (5+ UNITS) Current
OFFICE BUILDING
COMMERCIAL (GENERAL)
WAREHOUSE, STORAGE
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
1964
Construction
WOOD
Heating
NONE
Cooling
Yes
Units
17
Bathrooms
28
Lot
0.53 ac
Current owner
From public records · entity-resolved
1st Deal LLC
Entity
Free & Clear · 1 yrs held
Ownership since
2025
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
Jan 22, 2026
—
1st Deal LLC
—
Deed
related
$1,000,000 · Jpmorgan Chase Bank NA
Feb 28, 2025
$4,030,000
1st Deal LLC
Lisa Ann Magdaleno
Grant Deed
—
Apr 30, 2024
—
Lisa Ann Magdaleno
Sandra Carol Lawson
Affidavit Death Of Trustee/successor Trustee
—
Dec 8, 2009
—
Lawson G M & S C 1998 Trust
Lawson G M & S C Trust
Quit Claim Deed
related
—
May 15, 2009
—
Sandra C Lawson
Lawson,grady M
Affidavit Of Death
related
—
Sep 11, 1998
—
Lawson Grady
—
Deed Of Trust
related
—
Aug 11, 1992
—
Grady M Lawson
—
Deed Of Trust
related
—
Jun 18, 1964
$44,000
Lawson G M Trus
Lawson,grady M & Sandra
Grant 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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