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Property profile & analytics
OFF-MARKET
Estimated value
$985,000
Parking lots & garages
Paramount, CA 90723
Individually Owned
4-yr Hold
Absentee Owner
Free & Clear
Property ID
US09-9242926
Property profile
Verified
Property type
Parking lots & garages
Use group
PARKING LOT
Total area
3,100 SF
Lot
0.07 ac (3,179 SF)
Zoning code
PAM1YY
APN
6237-018-020
UPID
US09-9242926
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
$1.01M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$985k
Owner & transaction history
Jeon Song Youn · 4 yrs held
Jeon Song Youn
since 2022
Last sale
$915,509
7 recorded transactions
Zoning & alternative use
PAM1YY · Paramount, 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 Paramount submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Paramount 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
$1,105,000
ML approach
$1,010,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
PARKING LOT
$1,575,000
Current use
AUTO REPAIR, GARAGE
$1,435,000
Change: -9% · Conversion: Difficult
MEDICAL BUILDING
$1,410,000
Change: -11% · Conversion: Difficult
OFFICE BUILDING
$1,390,000
Change: -12% · Conversion: Difficult
Blend value · Realmo final
$985k
Range $887k – $1.08M · ±10% · vs last sale $916k (Jan 31 2022)
Last sale anchor
$916k
Jan 31 2022
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
$318 / 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
$2,944
Tax year 2024
Assessed value
$223,686
Assessed 2024
Previous assessed
$223,686
+0.0% YoY
Effective rate
1.32%
On assessed value
Assessed land
$218,484
Assessed improvement
$5,202
Applied tax rate
7.0000
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
Heating
NONE
Total area
3,100 SF
Lot
0.07 ac (3,179 SF)
Zoning code
PAM1YY
APN
6237-018-020
UPID
US09-9242926
Jurisdiction
LOS ANGELES
Metro division
LOS ANGELES-LONG BEACH-GLENDALE, CA METROPOLITAN DIVISION
Zoning & alternative use
PAM1YY · Paramount, CA
Zoning PAM1YY · permitted uses
PAM1YY · Paramount, CA
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Paramount. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
PARKING LOT Current
Est. value
$1.6M
AUTO REPAIR, GARAGE
Est. value
$1.4M
MEDICAL BUILDING
Est. value
$1.4M
OFFICE BUILDING
Est. value
$1.4M
PARKING LOT Current
AUTO REPAIR, GARAGE
MEDICAL BUILDING
OFFICE 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
Heating
NONE
Lot
0.07 ac
Current owner
From public records · entity-resolved
Jeon Song Youn
Individual
Free & Clear · 4 yrs held
Mailing address
35 W 33RD ST APT 12E, NEW YORK, NY 10001-3312
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2022
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
19 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jan 31, 2022
$915,500
Jeon Song Youn
Yong O Hwang
Grant Deed
—
Aug 31, 2020
$850,000
Yong O Hwang
Jason In
Grant Deed
—
May 7, 2010
$550,000
Jason In
Chung,joon K & Yon H
Grant Deed
$685,000 · Pacific City Bank
Jun 16, 2004
$355,000
Joon K Chung
Kim,michael
Grant Deed
$295,000 · Centerbank
Apr 10, 1996
$200,000
Michael M Kim
Cenfed Bank
Grant Deed
$160,000 · Cenfed Bank
Feb 29, 1996
$121,500
Cenfed Bank
Kim,seung H & Sook J
Trustees Deed
related
—
May 14, 1992
$300,000
Seung H Kim
—
Grant Deed
related
—
Jan 13, 1988
$190,000
Keith K Gee
Lee
Trustees Deed
—
—
—
Keith K Gee
—
Deed Of Trust
related
$318,000 · Mid City Bank
—
—
Joon K Chung
—
Deed Of Trust
related
$100,000 · Shinhan Bank
—
—
Seung H Kim
—
Deed Of Trust
related
$28,100 · Us Small Business Admn
—
—
Joon K Chung
—
Deed Of Trust
related
$497,000 · Shinhan Bank
—
—
Seung H Kim
—
Deed Of Trust
related
$144,000 · Us Small Business Admn
—
—
Michael M Kim
—
Deed Of Trust
related
$36,000 · Household Finance Corp Ca
—
—
Keith K Gee
—
Deed Of Trust
related
$200,000 · Home Bank
—
—
In,jason & Daniel|in,james
—
Deed Of Trust
related
$378,000 · Bbcn Bk
—
—
Michael K Kim
—
Deed Of Trust
related
$400,000 · Wilshire State Bank
—
—
In,jason & Daniel|in,james
—
Deed Of Trust
related
$140,000 · Bbcn Bk
—
—
Keith K Gee
—
Deed Of Trust
related
$30,000 · Home 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.
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