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Property profile & analytics
FOR LEASE
Distribution centers
940 Durfee Ave South El Monte, CA 91733
Entity Owned
8-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US09-9577249
For Lease
1 / 2
$3,600,000
940 Durfee Ave, South El Monte, CA 91733
View Listing →
Property profile
Verified
Property type
Distribution centers
Use group
DISTRIBUTION WAREHOUSE
Year built
1991
Construction
TILT-UP CONCRETE
Total area
18,740 SF
Lot
0.81 ac (35,440 SF)
Zoning code
SECM*
APN
8119-011-071
UPID
US09-9577249
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
by Request
CAP Approach
CAP
$4.35M
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$3.60M
Owner & transaction history
S C Properties II · 8 yrs held
S C Properties II
since 2018
7 recorded transactions
Zoning & alternative use
SECM* · South El Monte, CA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Commercial (general)
$5.7M
+26.4%
Apartment house (5+ units)
$5.1M
+14.2%
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 El Monte submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs South El Monte 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
by Request
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
$4,710,000
6.5%
$4,350,000
7%
$4,040,000
Alternative Use
Use
Estimation
WAREHOUSE, STORAGE
$4,475,000
Current use
COMMERCIAL (GENERAL)
$5,650,000
Change: +26% · Conversion: Difficult
APARTMENT HOUSE (5+ UNITS)
$5,105,000
Change: +14% · Conversion: Difficult
Blend value · Realmo final
$3.60M
Range $3.24M – $3.96M · ±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
$192 / 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
$51,183
Tax year 2024
Assessed value
$4,294,745
Assessed 2024
Previous assessed
$4,294,745
+0.0% YoY
Effective rate
1.19%
On assessed value
Assessed land
$2,565,692
Assessed improvement
$1,729,053
Applied tax rate
14.0000
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
Distribution centers
Use group
DISTRIBUTION WAREHOUSE
Status
For Lease
Year built
1991
Construction
TILT-UP CONCRETE
Heating
NONE
Stories
1
Total area
18,740 SF
Lot
0.81 ac (35,440 SF)
Zoning code
SECM*
APN
8119-011-071
UPID
US09-9577249
Jurisdiction
LOS ANGELES
Metro division
LOS ANGELES-LONG BEACH-GLENDALE, CA METROPOLITAN DIVISION
Zoning & alternative use
SECM* · South El Monte, CA
Zoning SECM* · permitted uses
SECM* · South El Monte, CA
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
South El Monte. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
WAREHOUSE, STORAGE Current
Est. value
$4.5M
COMMERCIAL (GENERAL)
Est. value
$5.7M
APARTMENT HOUSE (5+ UNITS)
Est. value
$5.1M
WAREHOUSE, STORAGE Current
COMMERCIAL (GENERAL)
APARTMENT HOUSE (5+ UNITS)
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
1991
Construction
TILT-UP CONCRETE
Heating
NONE
Stories
1
Lot
0.81 ac
Current owner
From public records · entity-resolved
S C Properties II
Entity
Mailing address
11620 WILSHIRE BLVD STE #1000, LOS ANGELES, CA 90025-6821
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2018
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
10 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jun 21, 2018
$3,850,000
S C Properties II
940 N Durfee Ave LLC
Grant Deed
$2,235,000 · Citizens Business Bank
Jun 21, 2018
—
Sc Properties II
—
Deed
related
$2,235,000 · Citizens Busn Bk
Jan 26, 2007
—
940 N Durfee Ave LLC
Drehs Larry W & C A Trust
Grant Deed
—
Jul 30, 1998
—
Egan Thomas
—
Deed Of Trust
related
—
Nov 6, 1997
—
Drehs Larry
—
Deed Of Trust
related
—
—
—
Drehs Larry W
—
Deed Of Trust
related
$577,766 · Sanwa Bank California
—
—
Drehs Trust
—
Deed Of Trust
related
$500,000 · Wells Fargo Bank
—
—
Drehs,tr
—
Deed Of Trust
related
$470,000 · Mellon First Business Bank
—
—
Sc Properties II
—
Deed Of Trust
related
$2,235,000 · Citizens Busn Bk
—
—
Larry W Drehs
—
Deed Of Trust
related
$377,000 · Wells Fargo Bank
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.
Try Rey
Ask anything about this address in plain English.
“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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