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Property profile & analytics
OFF-MARKET
Estimated value
$680,000
Medical Office Space
8358 Florence Ave Downey, CA 90240-3917
Trust Owned
5-yr Hold
Free & Clear
Property ID
US09-7927476
Property profile
Verified
Property type
Medical Office Space
Use group
MEDICAL BUILDING
Year built
1948
Construction
WOOD
Total area
6,960 SF
Lot
0.33 ac (14,235 SF)
Zoning code
DOCP*
APN
6252-013-001
UPID
US09-7927476
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
-
Tran Huynh Alternative Medicine Practice Acupuncture
-
Tiffany Huang, MD Alternative Medicine Practice Acupuncture
-
Jason Lee Alternative Medicine Practice
-
Mrs. Maria Barrera Alternative Medicine Practice Acupuncture
-
Morales Holistic Health Center Alternative Medicine Practice
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$615k
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$680k
Owner & transaction history
Morales,lucrecia Trust · 5 yrs held
Morales,lucrecia Trust
since 2021
Last sale
$700,000
6 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
$700,000
ML approach
$615,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Blend value · Realmo final
$680k
Range $612k – $748k · ±10% · vs last sale $700k (Jan 11 2021)
Last sale anchor
$700k
Jan 11 2021
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
$98 / 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
$14,609
Tax year 2024
Assessed value
$993,936
Assessed 2024
Previous assessed
$993,936
+0.0% YoY
Effective rate
1.47%
On assessed value
Assessed land
$397,571
Assessed improvement
$596,365
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
1948
Construction
WOOD
Heating
NONE
Cooling
OTHER
Stories
1
Units
1
Rooms
7
Bathrooms
1
Total area
6,960 SF
Lot
0.33 ac (14,235 SF)
Zoning code
DOCP*
APN
6252-013-001
UPID
US09-7927476
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
Building & site characteristics
From public records
Year built
1948
Construction
WOOD
Heating
NONE
Cooling
Yes
Stories
1
Units
1
Rooms
7
Bathrooms
1
Lot
0.33 ac
Current owner
From public records · entity-resolved
Morales,lucrecia Trust
Trust
Free & Clear · 5 yrs held
Mailing address
PO BOX 40615, DOWNEY, CA 90239-1615
Ownership since
2021
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
Jan 11, 2021
—
Morales,lucrecia Trust
Lucrecia Morales
Quit Claim Deed
related
—
Jan 14, 2020
—
Lucrecia Morales
Roberto P Morales
Affidavit Of Death
related
—
Jul 29, 2002
$700,000
Roberto P Morales
Florence Avenue INC
Grant Deed
$450,000 · Wells Fargo Bank
Oct 27, 2000
—
Florence Avenue INC
Chase Manhattan Bank Trustee
Grant Deed
$385,000 · Mcalister Investments INC
Dec 3, 1999
$505,575
Chase Manhattan Bank Trustee
Coy,gerald L
Trustees Deed
related
—
Oct 13, 1998
—
Southern,cal Chiropractic Heal
Coy,g
Grant Deed
related
—
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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