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    8431 Commonwealth Ave Buena Park, CA 90621-2527
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    Property profile & analytics

    8431 Commonwealth Ave, Buena Park, CA 90621-2527

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    • Retail space
    • 4,000 SF
    • 0.24 lot acres
    Off-Market
    Last Sale May 1, 2020
    $1,565,000
    Property ID
    US09-3400558
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.

    Value Estimations
    $1,560,000
    Show details
    Cap Rate Potential
    5.7%
    Retail space
    Location Intelligence

    Current Use by Public Records

    • OC 건축학원 / Architecture School
    • Tri-Chem Technology Corporation / HVAC Service / General Contractor
    • Speedway / Grocery & Convenience Store

    Property Details for 8431 Commonwealth Ave

    Year built
    1956
    Lot size
    0.24 lot acres
    Property type
    Retail space
    APN
    066-270-61
    APU
    6627061

    Sales History

    Date Price Buyer Seller Deed Type Mortgage
    May 7, 2020 8431 Commonwealth Property LLC Deed · related $804k · Wells Fargo Bk
    May 1, 2020 $1,565,000 8431 Commonwealth Property LLC Richard Chul Seung Jung Grant Deed $804k · Wells Fargo Bank NA
    Mar 13, 2015 Richard C S Jung Jung Jenny Y O Quit Claim Deed · related
    Mar 13, 2015 $830,000 Richard Chul Seung Jung Frances Adrienne Ford Grant Deed $430k · Hanmi Bank
    8431 Commonwealth Property LLC Deed Of Trust · related $804k · Wells Fargo Bk
    8431 Commonwealth Property LLC Deed Of Trust · related $623k · Cdc Small Busn Fin

    Value Estimations

    based on Realmo’s proprietary methodology
    • AI approach

      Method
      Estimation
      Statistic approach
      $1,595,000
      ML approach
      $1,685,000
    • CAP approach

      CAP Return
      Estimation
      6%
      $1,515,000
      6.5%
      $1,400,000
      7%
      $1,300,000
    • Alternative Use

      Use
      Estimation
      RETAIL STORES
      $1,950,000
      Current use
      NEIGHBORHOOD: SHOPPING CENTER
      $1,875,000
      Change: -4% Conversion: Moderate
      AUTO REPAIR, GARAGE
      $1,785,000
      Change: -8% Conversion: Difficult
      OFFICE BUILDING
      $1,715,000
      Change: -12% Conversion: Easy
      COMMERCIAL (GENERAL)
      $1,575,000
      Change: -19% Conversion: Easy

    Get a detailed, property-specific estimation — fast and free


    Location Insight

    • Map
    • Local Demand
    City
    Buena Park
    County
    Orange
    State
    California
    Longitude
    -117.986
    Latitude
    33.8702
    CBSA code
    31080
    CBSA name
    LOS ANGELES-LONG BEACH-ANAHEIM, CA METROPOLITAN STATISTICAL AREA

    Property Tax & Assessments

    Tax date
    Tax Amount
    Assessed Land Value
    Assessed Improvement Value
    Total Assessed Value
    Applied Tax Rate
    Land Market Value
    Improvement Market Value
    Total Market Value
    2024
    $18,531
    $1,612,699
    $65,295
    $1,677,994
    -
    $0.00
    $0.00
    $0.00
    More about this property
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