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Property profile & analytics
OFF-MARKET
Estimated value
$680,000
Manufacturing properties
916 Eastern Ave Los Angeles, CA 90063-1308
Entity Owned
Absentee Owner
~
Est. High Equity
Property ID
US09-8592178
Property profile
Verified
Property type
Manufacturing properties
Use group
MANUFACTURING (LIGHT)
Year built
1961
Construction
TILT-UP CONCRETE
Total area
2,400 SF
Lot
0.35 ac (15,070 SF)
Zoning code
LCM1*
APN
5225-021-002
UPID
US09-8592178
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
$790k
CAP Approach
CAP
$460k
Comparable Approach
Comparable
$610k
Blend (final)
Blend
$680k
Owner & transaction history
Ml Nevarez Holdings LLC
Ml Nevarez Holdings LLC
since 2026
7 recorded transactions
Zoning & alternative use
LCM1* · Los Angeles, CA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Medical building
$1.1M
+150.9%
Neighborhood: shopping center
$1.0M
+133.3%
Retail stores
$985,000
+126.1%
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 Los Angeles submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Los Angeles 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
$870,000
ML approach
$790,000
CAP Approach
CAP Return
Estimation
6%
$495,000
6.5%
$460,000
7%
$425,000
Alternative Use
Use
Estimation
INDUSTRIAL (GENERAL)
$435,000
Current use
MEDICAL BUILDING
$1,095,000
Change: +151% · Conversion: Difficult
NEIGHBORHOOD: SHOPPING CENTER
$1,015,000
Change: +133% · Conversion: Difficult
RETAIL STORES
$985,000
Change: +126% · Conversion: Moderate
WAREHOUSE, STORAGE
$670,000
Change: +54% · Conversion: Easy
COMMERCIAL (GENERAL)
$555,000
Change: +27% · Conversion: Difficult
Blend value · Realmo final
$680k
Range $612k – $748k · ±10%
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
$283 / 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
$13,623
Tax year 2024
Assessed value
$986,922
Assessed 2024
Previous assessed
$986,922
+0.0% YoY
Effective rate
1.38%
On assessed value
Assessed land
$636,724
Assessed improvement
$350,198
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
Manufacturing properties
Use group
MANUFACTURING (LIGHT)
Status
Off-Market
Year built
1961
Construction
TILT-UP CONCRETE
Heating
NONE
Stories
1
Total area
2,400 SF
Lot
0.35 ac (15,070 SF)
Zoning code
LCM1*
APN
5225-021-002
UPID
US09-8592178
Jurisdiction
LOS ANGELES
Metro division
LOS ANGELES-LONG BEACH-GLENDALE, CA METROPOLITAN DIVISION
Zoning & alternative use
LCM1* · Los Angeles, CA
Zoning LCM1* · permitted uses
LCM1* · Los Angeles, CA
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Los Angeles. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
INDUSTRIAL (GENERAL) Current
Est. value
$435,000
MEDICAL BUILDING
Est. value
$1.1M
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$1.0M
RETAIL STORES
Est. value
$985,000
WAREHOUSE, STORAGE
Est. value
$670,000
COMMERCIAL (GENERAL)
Est. value
$555,000
INDUSTRIAL (GENERAL) Current
MEDICAL BUILDING
NEIGHBORHOOD: SHOPPING CENTER
RETAIL STORES
WAREHOUSE, STORAGE
COMMERCIAL (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
1961
Construction
TILT-UP CONCRETE
Heating
NONE
Stories
1
Lot
0.35 ac
Current owner
From public records · entity-resolved
Ml Nevarez Holdings LLC
Entity
Mailing address
958 N EASTERN AVE, LOS ANGELES, CA 90063-1308
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2026
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
13 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Feb 13, 2026
—
Ml Nevarez Holdings LLC
Tinco Sheet Metal INC
Grant Deed
$601,250 · Talimar Income Fund I
Apr 14, 2021
—
Laura Nevarez
—
Deed
related
$1,000,000 · Bank Of The West
Mar 23, 2021
$930,000
Tinco Sheet Metal INC
Michael Nevarez
Grant Deed
—
Oct 26, 2018
—
Michael Nevarez
—
Deed
related
$1,000,000 · Bank Of The West
Dec 14, 2017
—
Michael Nevarez
—
Deed
related
$250,000 · Bank Of The West
Feb 7, 2017
$250,000
Michael Nevarez
Juarez Family Trust
Grant Deed
—
Feb 7, 2017
—
Raymond Juarez
Juarez-obannon,shirley A
Affidavit Of Death
related
—
Dec 3, 2015
—
Juarez Family Trust
Juarez,shirley
Quit Claim Deed
related
—
Sep 12, 2011
—
Shirley Juarez
Obannon Alice L
Quit Claim Deed
related
—
Apr 18, 2005
—
Alice L Obannon
Obannon,richard M
Affidavit Of Death
related
—
—
—
Michael Nevarez
—
Deed Of Trust
related
$250,000 · Bank Of The West
—
—
Michael Nevarez
—
Deed Of Trust
related
$1,000,000 · Bank Of The West
Aug 8, 1961
—
O Bannon Richard M
—
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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