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Property profile & analytics
OFF-MARKET
Estimated value
$1,305,000
Investment properties
8304 3rd St Downey, CA 90241-3824
Entity Owned
22-yr Hold
~
Est. High Equity
Property ID
US09-8401538
Property profile
Verified
Property type
Investment properties
Use group
STORE/OFFICE (MIXED USE)
Year built
1925
Construction
WOOD
Total area
8,515 SF
Lot
0.21 ac (9,292 SF)
Zoning code
DOC3YY
APN
6254-019-001
UPID
US09-8401538
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
-
Erika Higgins Bail Bonds Law Firm
-
Vita Craft Network Inc (Bike/Boat/Book/etc) Store Kitchen & Bath Showroom
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$1.31M
Owner & transaction history
Downey Avenue Investments LLC · 22 yrs held
Downey Avenue Investments LLC
since 2004
6 recorded transactions
Zoning & alternative use
DOC3YY · 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
CAP Approach
Comparable Approach
Alternative Use
Get a detailed, property-specific estimation — fast and free
Price per SF
Sale + rent benchmarks
Subject property
$153 / 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
$19,804
Tax year 2024
Assessed value
$1,091,416
Assessed 2024
Previous assessed
$1,091,416
+0.0% YoY
Effective rate
1.81%
On assessed value
Assessed land
$450,224
Assessed improvement
$641,192
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
Investment properties
Use group
STORE/OFFICE (MIXED USE)
Status
Off-Market
Year built
1925
Construction
WOOD
Heating
NONE
Cooling
YES
Stories
1
Units
8
Total area
8,515 SF
Lot
0.21 ac (9,292 SF)
Zoning code
DOC3YY
APN
6254-019-001
UPID
US09-8401538
Jurisdiction
LOS ANGELES
Metro division
LOS ANGELES-LONG BEACH-GLENDALE, CA METROPOLITAN DIVISION
Zoning & alternative use
DOC3YY · Downey, CA
Zoning DOC3YY · permitted uses
DOC3YY · 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
1925
Construction
WOOD
Heating
NONE
Cooling
Yes
Stories
1
Units
8
Lot
0.21 ac
Current owner
From public records · entity-resolved
Downey Avenue Investments LLC
Entity
Mailing address
PO BOX 3036, BEVERLY HILLS, CA 90212-0036
Ownership since
2004
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
6 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Nov 1, 2016
—
Downey Avenue Investments LLC
—
Deed
related
$500,000 · Jpmorgan Chase Bank NA
Apr 29, 2004
—
Downey Avenue Investments LLC
Aptaker,tr
Grant Deed
related
$525,000 · United Commercial Bank
Dec 19, 2003
—
Aptaker,tr
Aptaker,steven & Laurie
Quit Claim Deed
related
—
Apr 12, 1990
$610,000
Steven A Aptaker
Brumley Duval E
Grant Deed
—
—
—
Steven A Aptaker
—
Deed Of Trust
related
$498,000 · Jackson Federal Bank
—
—
Downey Avenue Investments LLC
—
Deed Of Trust
related
$50,000 · United Commercial 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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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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