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Property profile & analytics
OFF-MARKET
Estimated value
$1,100,000
Office buildings
8280 Florence Ave Downey, CA 90240-3950
Entity Owned
6-yr Hold
~
Est. High Equity
Property ID
US09-8470003
Property profile
Verified
Property type
Office buildings
Use group
OFFICE BUILDING
Year built
1968
Construction
TILT-UP CONCRETE
Total area
20,306 SF
Lot
0.71 ac (31,004 SF)
Zoning code
DOCP*
APN
6252-021-026
UPID
US09-8470003
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
-
RB MUSIC Music Venue
-
Credit Solutions of America Financial Advisor
-
CONNIE LOPEZ, ODYSSEY REALTY GROUP Real Estate Agency
-
America home cabinets General Contractor Renovation Specialist
-
Cristobal Gastelum, Odyssey Realty Group Real Estate Agency
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$1.22M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$1.03M
Blend (final)
Blend
$1.10M
Owner & transaction history
Goldstar Enterprises INC · 6 yrs held
Goldstar Enterprises INC
since 2020
Last sale
$1.1M
7 recorded transactions
Zoning & alternative use
DOCP* · 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
$1,155,000
ML approach
$1,220,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Blend value · Realmo final
$1.10M
Range $990k – $1.21M · ±10% · vs last sale $1.05M (Apr 15 2020)
Last sale anchor
$1.05M
Apr 15 2020
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
$54 / 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
$32,228
Tax year 2024
Assessed value
$2,200,891
Assessed 2024
Previous assessed
$2,200,891
+0.0% YoY
Effective rate
1.46%
On assessed value
Assessed land
$922,953
Assessed improvement
$1,277,938
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
Office buildings
Use group
OFFICE BUILDING
Status
Off-Market
Year built
1968
Construction
TILT-UP CONCRETE
Heating
NONE
Stories
1
Total area
20,306 SF
Lot
0.71 ac (31,004 SF)
Zoning code
DOCP*
APN
6252-021-026
UPID
US09-8470003
Jurisdiction
LOS ANGELES
Metro division
LOS ANGELES-LONG BEACH-GLENDALE, CA METROPOLITAN DIVISION
Zoning & alternative use
DOCP* · Downey, CA
Zoning DOCP* · permitted uses
DOCP* · 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
1968
Construction
TILT-UP CONCRETE
Heating
NONE
Stories
1
Lot
0.71 ac
Current owner
From public records · entity-resolved
Goldstar Enterprises INC
Entity
Mailing address
PO BOX 4966, DOWNEY, CA 90241-1966
Ownership since
2020
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
Apr 15, 2020
—
Goldstar Enterprises INC
Goldstar Enterprises INC
Intrafamily Transfer
related
—
Nov 29, 2018
—
Goldstar Ents INC
—
Deed
related
$1,800,000 · Seacoast Cmrc Bk
Mar 27, 2018
—
Goldstar Enterprises INC
Goldstar Enterprises INC
Intrafamily Transfer
related
$800,000 · Seacoast Commerce Bank
Oct 31, 2002
$1,550,000
Financial Resolutions INC
Carnevale Properties LLC
Grant Deed
related
—
May 10, 2001
—
Props Carnevale
Carnevale,m L
Quit Claim Deed
related
—
Mar 16, 1999
—
Michael L Carnevale
Carnevale,k
Quit Claim Deed
related
—
Mar 15, 1999
$1,050,000
Carnevale,michael L
Denkler Trust
Trustees Deed
—
Mar 15, 1999
—
Steven F Carnvale
Carnevale,t
Quit Claim Deed
related
—
Nov 10, 1992
—
Denkler Neal E Tr
—
Deed Of Trust
related
—
Sep 30, 1988
—
Neal E Denkler
—
Deed Of Trust
related
$1,550,000 · Sanwa Bank California
—
—
Goldstar Ents INC
—
Loan Modification
related
$1,800,000 · Seacoast Cmrc Bk
—
—
Denkler Trust
—
Deed Of Trust
related
$800,000 · Southern Pacific Thrift & Loan
—
—
Financial Resolutions INC
—
Deed Of Trust
related
$1,162,500 · Cnl Commercial Finance INC
—
—
Financial Resolutions INC
—
Deed Of Trust
related
$150,000 · Farmers & Merchants Bk Lng Bch
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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