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Property profile & analytics
OFF-MARKET
Estimated value
$3,280,000
Parking lots & garages
Norwalk, CA 90650
Individually Owned
6-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US09-8667742
Property profile
Verified
Property type
Parking lots & garages
Use group
PARKING LOT
Year built
1950
Construction
WOOD
Total area
10,900 SF
Lot
0.26 ac (11,501 SF)
Zoning code
NOR3-P*
APN
8074-018-004
UPID
US09-8667742
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
$3.11M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$3.28M
Owner & transaction history
Justin Jho · 6 yrs held
Justin Jho
since 2020
Last sale
$3.5M
7 recorded transactions
Zoning & alternative use
NOR3-P* · Norwalk, CA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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 Norwalk submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Norwalk 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
$3,020,000
ML approach
$3,105,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
OFFICE BUILDING
$5,070,000
Change: -8% · Conversion: Difficult
AUTO REPAIR, GARAGE
$5,040,000
Change: -9% · Conversion: Difficult
MEDICAL BUILDING
$4,955,000
Change: -11% · Conversion: Difficult
Blend value · Realmo final
$3.28M
Range $2.95M – $3.61M · ±10% · vs last sale $3.50M (Apr 17 2020)
Last sale anchor
$3.50M
Apr 17 2020
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
$301 / 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
$15,067
Tax year 2024
Assessed value
$1,218,900
Assessed 2024
Previous assessed
$1,218,900
+0.0% YoY
Effective rate
1.24%
On assessed value
Assessed land
$1,193,400
Assessed improvement
$25,500
Applied tax rate
6.0000
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
Parking lots & garages
Use group
PARKING LOT
Status
Off-Market
Year built
1950
Construction
WOOD
Heating
NONE
Total area
10,900 SF
Lot
0.26 ac (11,501 SF)
Zoning code
NOR3-P*
APN
8074-018-004
UPID
US09-8667742
Jurisdiction
LOS ANGELES
Metro division
LOS ANGELES-LONG BEACH-GLENDALE, CA METROPOLITAN DIVISION
Zoning & alternative use
NOR3-P* · Norwalk, CA
Zoning NOR3-P* · permitted uses
NOR3-P* · Norwalk, CA
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Norwalk. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
OFFICE BUILDING
Est. value
$5.1M
AUTO REPAIR, GARAGE
Est. value
$5.0M
MEDICAL BUILDING
Est. value
$5.0M
OFFICE BUILDING
AUTO REPAIR, GARAGE
MEDICAL BUILDING
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
1950
Construction
WOOD
Heating
NONE
Lot
0.26 ac
Current owner
From public records · entity-resolved
Justin Jho
Individual
Mailing address
11732 ROSECRANS AVEF155, NORWALK, CA 90650-3928
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2020
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
9 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
May 19, 2023
—
Richard M Kang
—
Deed
related
$4,000,000 · Jennifer Ansoon Kang
Apr 17, 2020
$2,275,000
Justin Jho
Mega Ent LLC
Grant Deed
$2,115,000 · Bank Of Hope
Dec 26, 2017
$1,100,000
Mega Ent LLC
Mega Five LLC
Grant Deed
—
Mar 14, 2012
$1,075,000
Mega Five LLC
Fong,sherrie M
Grant Deed
$806,000 · Bbu Bank
Mar 14, 2012
—
Sherrie M Fong
Fong,henry
Quit Claim Deed
related
—
Sep 24, 1993
—
Wong David L
—
Deed Of Trust
related
—
Jul 29, 1993
—
Wong David L
—
Deed Of Trust
related
—
Dec 14, 1992
—
Wong Oi T Et Al
—
Deed Of Trust
related
—
—
—
Mega Five LLC
—
Deed Of Trust
related
$720,000 · Bbcn Bk
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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