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    9341 Firestone Blvd Downey, CA 90241-5322
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    Property profile & analytics

    9341 Firestone Blvd, Downey, CA 90241-5322

    View on Map
    • Drive through restaurants
    • 2,386 SF
    • 0.69 lot acres
    Off-Market
    Last Sale Sep 20, 2021
    $5,250,052
    Property ID
    US09-6341040
    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
    $4,440,000
    Show details
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • El Pollo Loco / Restaurant

    Property Details for 9341 Firestone Blvd

    Year built
    1990
    Construction
    WOOD
    Lot size
    0.69 lot acres
    Zone code
    DOC1-R1600
    Property type
    Drive through restaurants
    APN
    6286-025-059
    APU
    6286025059

    Sales History

    Date Price Buyer Seller Deed Type Mortgage
    Sep 20, 2021 $5,250,000 Downey Canyon INC Np Pollo LLC Grant Deed —
    Aug 16, 2021 — Westatream Exchange Company LLC Bedford Investments LLC Grant Deed —
    Jan 6, 2021 — Np Pollo LLC Hadi Family Trust Quit Claim Deed —
    Dec 16, 2020 — Bedford Investments LLC Rabbany Family Trust Quit Claim Deed —
    Oct 5, 2020 — Ijadi Family Trust LP Polo LLC Quit Claim Deed —
    Mar 1, 2019 — LP Polo LLC — Deed · related $1.2M · California Bk&tr
    May 21, 2007 — LP Polo LLC I & R LLC Grant Deed —
    Jul 27, 2005 — I & R LLC Lida Rabbany Grant Deed $550k · Pacific Capital Bank NA
    May 27, 2005 — Rabbany Family Trust Taylor Jared A & E M Trust Grant Deed —
    — — LP Polo LLC — Deed Of Trust · related $1.2M · California Bk&tr
    — — LP Polo LLC — Deed Of Trust · related $1M · Hanmi Bank
    — — LP Polo LLC — Deed Of Trust · related $875k · Grandpoint Bank

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      Statistic approach
      $3,860,000
      ML approach
      $5,150,000

    • Comparable approach

      Method
      Estimation
      Statistic Estimate
      $2,681,000
      Market price range: $649k - $2.68M

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

    Location Insight

    • Map
    • Local Demand
    City
    Downey
    County
    Los Angeles
    State
    California
    Longitude
    -118.116
    Latitude
    33.9323
    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
    $71,053
    $4,161,600
    $1,300,500
    $5,462,100
    -
    $0.00
    $0.00
    $0.00

    Comparable in this City

    • Value Estimation by Request
      3,066 SF

      9475 Firestone Blvd

      DRIVE-THRU RESTAURANT, FAST FOOD
      9475 Firestone Blvd, Downey, CA 90241-5503
      View Details
    • Value Estimation by Request
      4,295 SF

      Downey, CA 90241

      DRIVE-THRU RESTAURANT, FAST FOOD
      Downey, CA 90241
      View Details
    • Value Estimation by Request
      3,574 SF

      7740 Firestone Blvd

      DRIVE-THRU RESTAURANT, FAST FOOD
      7740 Firestone Blvd, Downey, CA 90241-4208
      View Details
    • Value Estimation by Request
      2,910 SF

      8767 Firestone Blvd

      DRIVE-THRU RESTAURANT, FAST FOOD
      8767 Firestone Blvd, Downey, CA 90241-5259
      View Details
    • Value Estimation by Request
      1,539 SF

      8721 Firestone Blvd

      DRIVE-THRU RESTAURANT, FAST FOOD
      8721 Firestone Blvd, Downey, CA 90241-5244
      View Details
    • Value Estimation
      $660,000
      16,168 SF

      8233 Firestone Blvd

      RESTAURANT
      8233 Firestone Blvd, Downey, CA 90241-4842
      View Details

    Similar Nearby for Sale

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      Midcentury modern building in the heart of Downey.
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      Retail property with a corporate lease and strong demographics.
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      48,440 SF

      Storefront Shopping Center

      For sale shopping center featuring multiple storefront spaces, suited for retail operators and investors seeking managed assets.
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    • $2,000,000
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      Retail Space on Paramount Blvd

      Retail space available for sale in Downey, California.
      11432 Paramount Blvd, Downey, CA 90241
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    Similar Nearby for Lease

    • Contact for pricing

      Firestone Blvd Car Lot

      Car lot available for rent behind car wash.
      7447 Firestone Blvd, Downey, CA 90241
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      30,000 SF

      Retail Anchor Space Available

      30,000 SF retail space with remodel in progress.
      9020 Firestone Blvd, Downey, CA 90241
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      Retail Spaces on Firestone Boulevard

      Retail spaces available on high-traffic Firestone Boulevard.
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      Retail Space with Onsite Parking

      Retail property for lease with rare onsite parking available.
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    • $1,800 /Mo

      Downey Commercial Space For Lease

      Prime commercial space in Downey with high visibility and traffic.
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      View Details
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    Downey, CA 90241-5322
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    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
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