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Property profile & analytics
OFF-MARKET
Estimated value
$2,980,000
Medical Office Space
8351 Florence Ave Downey, CA 90240-3928
Entity Owned
1-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US10-0062633
Property profile
Verified
Property type
Medical Office Space
Use group
MEDICAL BUILDING
Year built
2007
Construction
TILT-UP CONCRETE
Total area
4,618 SF
Lot
0.21 ac (9,328 SF)
Zoning code
DOCP
APN
6362-018-007
UPID
US10-0062633
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
-
Ofir Orthodontics Dental Office
-
Dr. Alon Ofir Dental Office
-
Invisalign Near Me Deals Dental Office
-
Capital LenderC ADowney Business Broker
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$2.98M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$3.15M
Blend (final)
Blend
$2.98M
Owner & transaction history
Florence Real Estate Holdings LLC · 1 yrs held
Florence Real Estate Holdings LLC
since 2024
Last sale
$3.0M
7 recorded transactions
Zoning & alternative use
DOCP · Downey, CA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Neighborhood: shopping center
$2.8M
+33.9%
Auto repair, garage
$2.1M
+1.8%
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
$2,980,000
ML approach
$2,980,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
MEDICAL BUILDING
$2,100,000
Current use
NEIGHBORHOOD: SHOPPING CENTER
$2,810,000
Change: +34% · Conversion: Difficult
AUTO REPAIR, GARAGE
$2,135,000
Change: +2% · Conversion: Difficult
Blend value · Realmo final
$2.98M
Range $2.68M – $3.28M · ±10% · vs last sale $2.98M (Oct 30 2024)
Last sale anchor
$2.98M
Oct 30 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
$645 / 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
$24,658
Tax year 2024
Assessed value
$1,931,632
Assessed 2024
Previous assessed
$1,931,632
+0.0% YoY
Effective rate
1.28%
On assessed value
Assessed land
$901,427
Assessed improvement
$1,030,205
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
2007
Construction
TILT-UP CONCRETE
Heating
NONE
Cooling
OTHER
Stories
2
Units
1
Bathrooms
3
Total area
4,618 SF
Lot
0.21 ac (9,328 SF)
Zoning code
DOCP
APN
6362-018-007
UPID
US10-0062633
Jurisdiction
LOS ANGELES
Metro division
LOS ANGELES-LONG BEACH-GLENDALE, CA METROPOLITAN DIVISION
Zoning & alternative use
DOCP · Downey, CAZoning DOCP · permitted uses
DOCP · Downey, CA
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Alternative use value scenarios
Repositioning upside vs current use
MEDICAL BUILDING Current
Est. value
$2.1M
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$2.8M
AUTO REPAIR, GARAGE
Est. value
$2.1M
MEDICAL BUILDING Current
NEIGHBORHOOD: SHOPPING CENTER
AUTO REPAIR, GARAGE
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
2007
Construction
TILT-UP CONCRETE
Heating
NONE
Cooling
Yes
Stories
2
Units
1
Bathrooms
3
Lot
0.21 ac
Current owner
From public records · entity-resolved
Florence Real Estate Holdings LLC
Entity
Mailing address
2 GALILEO, IRVINE, CA 92603-3621
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
11 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Dec 31, 2024
—
Florence Real Estate Holdings LLC
—
Deed
related
$1,243,000 · Advantage Certified Development Corporat
Oct 30, 2024
$2,979,000
Florence Real Estate Holdings LLC
Alon Ofir
Grant Deed
$1,211,008 · Calprivate Bank
Jun 13, 2018
—
Ofir,alon & Natasha Living Trust
Ofir,alon & Natasha
Quit Claim Deed
related
—
Jun 25, 2008
$1,500,000
Alon Ofir
Parra,manuel
Grant Deed
$1,200,000 · Bank Of America
May 11, 2005
—
Manuel Parra
Mayans,eugenio & Mary
Grant Deed
—
Aug 6, 2004
$465,000
Eugenio Mayans
Ramirez,ana B
Grant Deed
$400,000 · Fieldstone Mortgage Co
Jul 28, 2003
$349,000
Ana B Ramirez
Dubois,gifty A
Grant Deed
$314,100 · Bnc Mortgage INC
Jan 17, 2002
$290,000
Gifty A Dubois
Lloyd,joyce C
Grant Deed
$203,000 · Washington Mutual Fsb
Sep 21, 1999
—
Lloyd,joyce C Trustee
Lloyd,j C
Quit Claim Deed
related
—
Oct 2, 1997
$172,272
Joyce C Lloyd
Snapp,jmes R & Barbara L
Grant Deed
$115,000 · Individual
—
—
Joyce C Lloyd
—
Deed Of Trust
related
$6,600 · Dfs Financial Services
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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