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Property profile & analytics
OFF-MARKET
Estimated value
$2,205,000
Medical Office Space
8333 Iowa St Downey, CA 90241-4994
Entity Owned
14-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US09-8506254
Property profile
Verified
Property type
Medical Office Space
Use group
MEDICAL BUILDING
Year built
2002
Construction
TILT-UP CONCRETE
Total area
12,380 SF
Lot
0.77 ac (33,354 SF)
Zoning code
DOHM
APN
6255-008-155
UPID
US09-8506254
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
-
Downey Regional Dialysis Center Medical Clinic
-
Downey Eye Physician
-
Multani Medical Group Medical Clinic
-
Hsu Joseph K w MD Ophthalmologist
-
DaVita Iowa Street Dialysis Medical Clinic
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$2.78M
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$2.21M
Owner & transaction history
Parthi Properties LLC · 14 yrs held
Parthi Properties LLC
since 2011
7 recorded transactions
Zoning & alternative use
DOHM · 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%
$3,005,000
6.5%
$2,775,000
7%
$2,575,000
Blend value · Realmo final
$2.21M
Range $1.98M – $2.43M · ±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
$178 / 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
$43,013
Tax year 2024
Assessed value
$3,177,276
Assessed 2024
Previous assessed
$3,177,276
+0.0% YoY
Effective rate
1.35%
On assessed value
Assessed land
$678,071
Assessed improvement
$2,499,205
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
Medical Office Space
Use group
MEDICAL BUILDING
Status
Off-Market
Year built
2002
Construction
TILT-UP CONCRETE
Heating
NONE
Stories
1
Total area
12,380 SF
Lot
0.77 ac (33,354 SF)
Zoning code
DOHM
APN
6255-008-155
UPID
US09-8506254
Jurisdiction
LOS ANGELES
Metro division
LOS ANGELES-LONG BEACH-GLENDALE, CA METROPOLITAN DIVISION
Zoning & alternative use
DOHM · Downey, CA
Zoning DOHM · permitted uses
DOHM · 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
2002
Construction
TILT-UP CONCRETE
Heating
NONE
Stories
1
Lot
0.77 ac
Current owner
From public records · entity-resolved
Parthi Properties LLC
Entity
Mailing address
1917 SKYLINE DR STE #200, FULLERTON, CA 92831-1013
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2011
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
9 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jun 30, 2021
—
Parthi Properties LLC
—
Deed
related
$1,100,000 · First Choice Bank
Aug 30, 2011
—
Parthi Properties LLC
Parthi Properties LLC
Grant Deed
related
$1,400,000 · Citibank NA
Jul 19, 2007
—
Parthi Properties LLC
Multani,pramod
Quit Claim Deed
related
—
Apr 28, 2006
—
Pramod Multani
Multani,anjana
Quit Claim Deed
related
—
Apr 25, 2006
—
Pramod Multani
Multani,anjana
Quit Claim Deed
related
—
Nov 16, 2001
—
Pramod Multani
—
Trustees Deed
related
$1,702,400 · Banco Popular North America
Nov 16, 1999
$450,000
Pramod Multani
Downey Properties & Investment
Grant Deed
$318,000 · Seller
—
—
Pramod Multani
—
Deed Of Trust
related
$1,702,400 · Banco Popular North America
—
—
Pramod Multani
—
Deed Of Trust
related
$1,750,000 · Union Bank Of California
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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