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Property profile & analytics
OFF-MARKET
Estimated value
$5,925,000
Warehouses
8729 Aviation Blvd Inglewood, CA 90301-2003
Entity Owned
5-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US09-7615065
Property profile
Verified
Property type
Warehouses
Use group
WAREHOUSE, STORAGE
Year built
1977
Construction
TILT-UP CONCRETE
Total area
17,465 SF
Lot
0.84 ac (36,461 SF)
Zoning code
INM1*
APN
4126-002-003
UPID
US09-7615065
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
-
1500 Sound Academy Vocational School Training Center
-
Volume Ventures, LLC Theater & Performing Art Venue Music Venue
-
The Private Spaceship Freight Service Logistics Company
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$7.01M
CAP Approach
CAP
$4.06M
Comparable Approach
Comparable
$8.23M
Blend (final)
Blend
$5.93M
Owner & transaction history
8729 Aviation LLC · 5 yrs held
8729 Aviation LLC
since 2021
Last sale
$5.9M
7 recorded transactions
Zoning & alternative use
INM1* · Inglewood, CA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Medical building
$7.9M
+54.7%
Retail stores
$6.2M
+21.0%
Office building
$5.9M
+14.4%
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 Inglewood submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Inglewood 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
$6,710,000
ML approach
$7,005,000
CAP Approach
CAP Return
Estimation
6%
$4,390,000
6.5%
$4,055,000
7%
$3,765,000
Alternative Use
Use
Estimation
WAREHOUSE, STORAGE
$5,130,000
Current use
MEDICAL BUILDING
$7,940,000
Change: +55% · Conversion: Difficult
RETAIL STORES
$6,210,000
Change: +21% · Conversion: Moderate
OFFICE BUILDING
$5,870,000
Change: +14% · Conversion: Difficult
INDUSTRIAL (GENERAL)
$5,370,000
Change: +5% · Conversion: Easy
Blend value · Realmo final
$5.93M
Range $5.33M – $6.52M · ±10% · vs last sale $5.93M (Apr 20 2021)
Last sale anchor
$5.93M
Apr 20 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
$339 / 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
$81,011
Tax year 2024
Assessed value
$6,287,656
Assessed 2024
Previous assessed
$6,287,656
+0.0% YoY
Effective rate
1.29%
On assessed value
Assessed land
$5,014,207
Assessed improvement
$1,273,449
Applied tax rate
13.0000
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
Warehouses
Use group
WAREHOUSE, STORAGE
Status
Off-Market
Year built
1977
Construction
TILT-UP CONCRETE
Heating
NONE
Stories
1
Total area
17,465 SF
Lot
0.84 ac (36,461 SF)
Zoning code
INM1*
APN
4126-002-003
UPID
US09-7615065
Jurisdiction
LOS ANGELES
Metro division
LOS ANGELES-LONG BEACH-GLENDALE, CA METROPOLITAN DIVISION
Zoning & alternative use
INM1* · Inglewood, CA
Zoning INM1* · permitted uses
INM1* · Inglewood, CA
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Inglewood. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
WAREHOUSE, STORAGE Current
Est. value
$5.1M
MEDICAL BUILDING
Est. value
$7.9M
RETAIL STORES
Est. value
$6.2M
OFFICE BUILDING
Est. value
$5.9M
INDUSTRIAL (GENERAL)
Est. value
$5.4M
WAREHOUSE, STORAGE Current
MEDICAL BUILDING
RETAIL STORES
OFFICE BUILDING
INDUSTRIAL (GENERAL)
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
1977
Construction
TILT-UP CONCRETE
Heating
NONE
Stories
1
Lot
0.84 ac
Current owner
From public records · entity-resolved
8729 Aviation LLC
Entity
Mailing address
1024 BAYSIDE DR #205, NEWPORT BEACH, CA 92660-7462
Mailing matches property
Different — outreach signal
Owner-occupied
No
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
11 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Sep 11, 2023
—
8729 Aviation LLC
—
Deed
related
$8,000,000 · Ubs Ag Tampa Branch
Apr 20, 2021
$5,925,000
8729 Aviation LLC
Kirshner Slauson LLC
Grant Deed
—
Aug 12, 2008
—
Kirshner/slauson LLC
Nshe Ca Sharks LLC
Grant Deed
$3,000,000 · Northern Trust NA
Feb 15, 2006
—
Euro Entertainment LLC
Hart,lawrence
Grant Deed
related
—
Feb 10, 2006
$945,000
Aviation Properties LLC
Hart,lawrence
Grant Deed
—
Feb 10, 2006
—
Aviation Properties LLC
Hart,lawrence
Grant Deed
related
—
Feb 9, 2006
—
Holmes Family Trust
Hart,lawrence
Grant Deed
related
—
Feb 19, 2004
$2,200,000
Chi M Hwang
Hart,lawrence
Grant Deed
$1,230,000 · Zions First National Bank
Apr 17, 2003
$4,175,000
Lawrence Hart
Standex International Corp
Grant Deed
$2,000,000 · Zions First National Bank
—
—
Chi M Hwang
—
Deed Of Trust
related
$772,000 · Cdc Small Business Finance Co
—
—
Chi M Hwang
—
Deed Of Trust
related
$772,000 · Cdc Small Business Finance Co
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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