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Property profile & analytics
OFF-MARKET
Estimated value
$4,930,000
Parking lots & garages
8687 Gate Ave South Gate, CA 90280
Individually Owned
3-yr Hold
Absentee Owner
Free & Clear
Property ID
US09-8712770
Property profile
Verified
Property type
Parking lots & garages
Use group
PARKING LOT
Year built
1974
Construction
WOOD
Total area
6,000 SF
Lot
0.41 ac (17,998 SF)
Zoning code
SGR3*
APN
6204-006-054
UPID
US09-8712770
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
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$4.86M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$5.71M
Blend (final)
Blend
$4.93M
Owner & transaction history
William Martinez · 3 yrs held
William Martinez
since 2023
Last sale
$5.0M
7 recorded transactions
Zoning & alternative use
SGR3* · South Gate, CA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Source
form base development code
Top alternative use upside
Auto repair, garage
$5.1M
+66.5%
Restaurant
$3.9M
+28.2%
Neighborhood: shopping center
$3.7M
+19.8%
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 South Gate submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs South Gate 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
$4,870,000
ML approach
$4,855,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
PARKING LOT
$3,050,000
Current use
AUTO REPAIR, GARAGE
$5,075,000
Change: +67% · Conversion: Difficult
RESTAURANT
$3,905,000
Change: +28% · Conversion: Difficult
NEIGHBORHOOD: SHOPPING CENTER
$3,650,000
Change: +20% · Conversion: Difficult
Blend value · Realmo final
$4.93M
Range $4.44M – $5.42M · ±10% · vs last sale $5.00M (Jul 21 2023)
Last sale anchor
$5.00M
Jul 21 2023
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
$822 / 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
$18,448
Tax year 2024
Assessed value
$1,502,000
Assessed 2024
Previous assessed
$1,502,000
+0.0% YoY
Effective rate
1.23%
On assessed value
Assessed land
$1,497,000
Assessed improvement
$5,000
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
Parking lots & garages
Use group
PARKING LOT
Status
Off-Market
Year built
1974
Construction
WOOD
Heating
NONE
Total area
6,000 SF
Lot
0.41 ac (17,998 SF)
Zoning code
SGR3*
APN
6204-006-054
UPID
US09-8712770
Jurisdiction
LOS ANGELES
Metro division
LOS ANGELES-LONG BEACH-GLENDALE, CA METROPOLITAN DIVISION
Zoning & alternative use
SGR3* · South Gate, CAZoning SGR3* · permitted uses
SGR3* · South Gate, CA
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Source
form base development code
Alternative use value scenarios
Repositioning upside vs current use
PARKING LOT Current
Est. value
$3.1M
AUTO REPAIR, GARAGE
Est. value
$5.1M
RESTAURANT
Est. value
$3.9M
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$3.7M
PARKING LOT Current
AUTO REPAIR, GARAGE
RESTAURANT
NEIGHBORHOOD: SHOPPING CENTER
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
1974
Construction
WOOD
Heating
NONE
Lot
0.41 ac
Current owner
From public records · entity-resolved
William Martinez
Individual
Free & Clear · 3 yrs held
Mailing address
510 S ALVARADO ST, LOS ANGELES, CA 90057-2904
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2023
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
18 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jul 21, 2023
$5,000,000
William Martinez
J&y 26 Firestone LLC
Grant Deed
—
Mar 10, 2021
—
J&y 26 Firestone LLC
—
Deed
related
$925,000 · Image Finance LLC
Aug 6, 2020
—
Mama Moti LLC
—
Deed
related
$585,108 · Image Finance LLC Image Finance LLC
Jun 25, 2020
—
J & Y 26 Firestone LLC
—
Deed
related
$1,725,231 · Wallis Bk
Apr 23, 2019
—
J & Y 26 Firestone LLC
—
Deed
related
$650,000 · Other Institutional Lenders
Mar 21, 2018
—
Home Trend Developers INC
—
Correction Deed
related
$1,612,000 · Ira J Boren
Oct 27, 2017
—
J & Y 26 Firestone LLC
—
Grant Deed
related
$1,650,000 · Other Institutional Lenders
Feb 27, 2006
—
Cho,victor J
Christina M Cho
Quit Claim Deed
—
Jan 10, 2005
—
3125 Firestone LLC
Cf Konix LLC
Quit Claim Deed
related
—
Jan 6, 2005
—
3125 Firestone LLC
Cf Konix LLC
Quit Claim Deed
related
—
Sep 15, 2004
$2,260,000
Cho,kuyng J
Carsten Co LLC
Grant Deed
—
Mar 19, 1992
—
Spector Jerome
—
Deed Of Trust
related
—
—
—
Carsten Co LLC
—
Deed Of Trust
related
$825,000 · Spector Trust
—
—
Mama Moti LLC
—
Deed Of Trust
related
$585,108 · Image Finance LLC Image Finance LLC
—
—
J & Y 26 Firestone LLC
—
Loan Modification
related
$1,725,231 · Wallis Bk
—
—
J & Y 26 Firestone LLC
—
Loan Modification
related
—
—
—
J & Y 26 Firestone LLC
—
Deed Of Trust
related
$700,000 · Mehran Javaherian
—
—
J & Y 26 Firestone LLC
—
Deed Of Trust
related
$650,000 · Other Institutional Lenders
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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