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Property profile & analytics
OFF-MARKET
Estimated value
$1,985,000
Investment properties
8041 Florence Ave Downey, CA 90240-3800
Entity Owned
1-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US09-7374087
Property profile
Verified
Property type
Investment properties
Use group
STORE/OFFICE (MIXED USE)
Year built
1963
Construction
WOOD
Total area
10,596 SF
Lot
0.47 ac (20,579 SF)
Zoning code
DOC1*
APN
6361-021-027
UPID
US09-7374087
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
-
Farmers Insurance - Abraham Alvidrez Insurance Agency
-
Topaz Alarm Corporation Security Service
-
Deluxxe by Jess Tattoo & Piercing Shop
-
Mavis Law Firm
-
JobSource Downey Employment Agency
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$1.99M
Owner & transaction history
8041 Florence LLC · 1 yrs held
8041 Florence LLC
since 2025
7 recorded transactions
Zoning & alternative use
DOC1* · 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
by Request
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
COMMERCIAL (GENERAL)
$3,275,000
Current use
WAREHOUSE, STORAGE
$3,115,000
Change: -5% · Conversion: Difficult
RETAIL STORES
$3,075,000
Change: -6% · Conversion: Easy
Blend value · Realmo final
$1.99M
Range $1.79M – $2.18M · ±10%
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
$187 / 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
$28,293
Tax year 2024
Assessed value
$2,089,050
Assessed 2024
Previous assessed
$2,089,050
+0.0% YoY
Effective rate
1.35%
On assessed value
Assessed land
$1,160,583
Assessed improvement
$928,467
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
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
Investment properties
Use group
STORE/OFFICE (MIXED USE)
Status
Off-Market
Year built
1963
Construction
WOOD
Heating
NONE
Cooling
YES
Stories
2
Total area
10,596 SF
Lot
0.47 ac (20,579 SF)
Zoning code
DOC1*
APN
6361-021-027
UPID
US09-7374087
Jurisdiction
LOS ANGELES
Metro division
LOS ANGELES-LONG BEACH-GLENDALE, CA METROPOLITAN DIVISION
Zoning & alternative use
DOC1* · Downey, CA
Zoning DOC1* · permitted uses
DOC1* · 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
COMMERCIAL (GENERAL) Current
Est. value
$3.3M
WAREHOUSE, STORAGE
Est. value
$3.1M
RETAIL STORES
Est. value
$3.1M
COMMERCIAL (GENERAL) Current
WAREHOUSE, STORAGE
RETAIL STORES
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
1963
Construction
WOOD
Heating
NONE
Cooling
Yes
Stories
2
Lot
0.47 ac
Current owner
From public records · entity-resolved
8041 Florence LLC
Entity
Mailing address
110 E WILSHIRE AVE STE #409, FULLERTON, CA 92832-1978
Mailing matches property
Different — outreach signal
Owner-occupied
No
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
14 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Nov 10, 2025
—
8041 Florence LLC
—
Deed
related
$2,850,000 · Standard Insurance Co
Feb 18, 2025
—
8041 Florence LLC
Assured Income LLC
Grant Deed
—
Apr 4, 2022
—
Armando L Varela
—
Deed
related
$4,100,000 · Qualfax INC
Jan 19, 2022
—
Assured Income LLC
—
Deed
related
$2,215,000 · Fidelity Bridge Loans LLC
Dec 6, 2018
—
Assured Income LLC
—
Deed
related
$700,000 · Flores L Separate Prop Tr (pt)
Sep 14, 2016
—
Assured Income LLC
—
Deed
related
$1,350,000 · Bank Of The West
Jan 26, 2016
$1,800,000
Assured Income LLC
Shupp Family Trust
Grant Deed
$1,400,000 · * Other Institutional Lenders
Dec 10, 2015
—
Shupp,ryan H Trust
Shupp Family Trust
Quit Claim Deed
related
—
Feb 22, 2011
—
Shupp Family Trust
Shupp Family Trust
Quit Claim Deed
related
—
Aug 18, 1994
—
Shupp,robert A & Janet E Trustee
Shupp,r A
Quit Claim Deed
related
—
Dec 8, 1993
—
Shupp,adele T Trustee
Shupp,a T
Quit Claim Deed
related
—
—
—
Assured Income LLC
—
Deed Of Trust
related
$700,000 · Flores L Separate Prop Tr (pt)
—
—
Assured Income LLC
—
Deed Of Trust
related
$1,350,000 · Bank Of The West
Apr 15, 1969
$65,500
—
—
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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