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Property profile & analytics
OFF-MARKET
Estimated value
$4,075,000
Banks
8151 3rd St Downey, CA 90241-3603
Entity Owned
1-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US09-8508810
Property profile
Verified
Property type
Banks
Use group
FINANCIAL BUILDING
Year built
1972
Construction
TILT-UP CONCRETE
Total area
6,931 SF
Lot
0.67 ac (29,288 SF)
Zoning code
DOC2*
APN
6254-004-028
UPID
US09-8508810
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
$4.08M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$4.08M
Owner & transaction history
Mariposa Hsa LLC · 1 yrs held
Mariposa Hsa LLC
since 2024
Last sale
$4.1M
7 recorded transactions
Zoning & alternative use
DOC2* · Downey, CA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Restaurant
$4.5M
+16.3%
Neighborhood: shopping center
$4.2M
+8.7%
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
$4,075,000
ML approach
$4,075,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
FINANCIAL BUILDING
$3,880,000
Current use
RESTAURANT
$4,515,000
Change: +16% · Conversion: Difficult
NEIGHBORHOOD: SHOPPING CENTER
$4,220,000
Change: +9% · Conversion: Difficult
AUTO REPAIR, GARAGE
$3,205,000
Change: -17% · Conversion: Difficult
MEDICAL BUILDING
$3,150,000
Change: -19% · Conversion: Difficult
Blend value · Realmo final
$4.08M
Range $3.67M – $4.48M · ±10% · vs last sale $4.08M (Aug 5 2024)
Last sale anchor
$4.08M
Aug 5 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
$588 / 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
$1,798
Tax year 2024
Assessed value
$4,075,000
Assessed 2024
Previous assessed
$4,075,000
+0.0% YoY
Effective rate
0.04%
On assessed value
Assessed land
$2,500,000
Assessed improvement
$1,575,000
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
Banks
Use group
FINANCIAL BUILDING
Status
Off-Market
Year built
1972
Construction
TILT-UP CONCRETE
Heating
NONE
Cooling
OTHER
Stories
1
Total area
6,931 SF
Lot
0.67 ac (29,288 SF)
Zoning code
DOC2*
APN
6254-004-028
UPID
US09-8508810
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.
Alternative use value scenarios
Repositioning upside vs current use
FINANCIAL BUILDING Current
Est. value
$3.9M
RESTAURANT
Est. value
$4.5M
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$4.2M
AUTO REPAIR, GARAGE
Est. value
$3.2M
MEDICAL BUILDING
Est. value
$3.2M
FINANCIAL BUILDING Current
RESTAURANT
NEIGHBORHOOD: SHOPPING CENTER
AUTO REPAIR, GARAGE
MEDICAL BUILDING
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
1972
Construction
TILT-UP CONCRETE
Heating
NONE
Cooling
Yes
Stories
1
Lot
0.67 ac
Current owner
From public records · entity-resolved
Mariposa Hsa LLC
Entity
Mailing address
10927 LA REINA AVE, DOWNEY, CA 90241-3642
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2024
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
12 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Aug 5, 2024
—
Mariposa Hsa LLC
Pasitos LLC
Quit Claim Deed
related
—
Oct 11, 2023
$4,075,000
Pasitos LLC
Lynda L Todd
Grant Deed
$3,000,000 · Bmo Bank NA
Nov 8, 2019
—
Lynda L Todd
—
Deed
related
$799,000 · Calwest Bank
Jun 18, 2018
—
Todd,lynda L Family Trust
Todd,lynda L
Quit Claim Deed
related
—
Feb 16, 2017
—
Lynda L Todd
—
Deed
related
$800,000 · Mega Bk
Nov 10, 1999
—
Todd,lynda L & Todd L Tr
—
Deed Of Trust
related
—
Jun 9, 1989
$1,000,000
Planett Land LP
Plan
Grant Deed
related
—
Dec 30, 1988
$1,000,000
Earl C T Planett
Planett Lands In
Grant Deed
related
—
—
—
Planett Trust
—
Deed Of Trust
related
$225,000 · Charter Pacific Bank
—
—
Lynda L Todd
—
Loan Modification
related
$800,000 · Mega Bk
—
—
Lynda L Todd
—
Deed Of Trust
related
$500,000 · Santa Lucia Bank
—
—
Lynda L Todd
—
Deed Of Trust
related
$250,000 · Santa Lucia Bank
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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