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    Paramount, CA 90723
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    Property profile & analytics

    , Paramount, CA 90723

    View on Map
    • Warehouses
    • 18,707 SF
    • 1.98 lot acres
    Off-Market
    Last Sale Mar 9, 2021
    $8,000,080
    Property ID
    US09-9254800
    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
    $8,235,000
    Show details
    Cap Rate Potential
    2.5%
    Warehouses
    Location Intelligence

    Current Use by Public Records

    • Warehouses

    Property Details

    Year built
    1986
    Lot size
    1.98 lot acres
    Zone code
    PAM2*
    Property type
    Warehouses
    APN
    6242-020-048
    APU
    6242020048

    Sales History

    Date Price Buyer Seller Deed Type Mortgage
    Mar 9, 2021 $8,000,000 Tjc Ca LLC Jankovich Diversified LLC Grant Deed —
    Dec 13, 2017 — Jankovich Diversified LLC — Grant Deed · related $4.2M · City Nat'l Bk
    Dec 19, 2001 $3,500,000 Jankovich Diversified LLC Ross,leigh A Grant Deed $3.3M · Leigh A Ross
    — — Jankovich Diversified LLC — Deed Of Trust · related $2.3M · City National Bank

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      Statistic approach
      $9,780,000
      ML approach
      $9,250,000

    • Comparable approach

      Method
      Estimation
      Statistic Estimate
      $6,132,000
      Market price range: $2.50M - $6.13M

    • Alternative Use

      Use
      Estimation
      RESTAURANT
      $12,180,000
      NEIGHBORHOOD: SHOPPING CENTER
      $11,385,000
      AUTO REPAIR, GARAGE
      $8,655,000
      MEDICAL BUILDING
      $8,505,000
      OFFICE BUILDING
      $8,390,000
      RETAIL STORES
      $7,170,000
      COMMERCIAL (GENERAL)
      $5,780,000

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

    Location Insight

    • Map
    • Local Demand
    City
    Paramount
    County
    Los Angeles
    State
    California
    Longitude
    -118.167
    Latitude
    33.9057
    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
    $62,703
    $3,777,900
    $912,638
    $4,690,538
    -
    $0.00
    $0.00
    $0.00

    Comparable in this City

    • Value Estimation
      $2,000,000
      14,900 SF

      15147 Colorado Ave

      WAREHOUSE, STORAGE
      15147 Colorado Ave, Paramount, CA 90723-4204
      View Details
    • Value Estimation
      $3,195,000
      27,750 SF

      16400 Garfield Ave

      WAREHOUSE, STORAGE
      16400 Garfield Ave, Paramount, CA 90723-5302
      View Details
    • Value Estimation
      $1,655,000
      15,600 SF

      7018 Jackson St

      WAREHOUSE, STORAGE
      7018 Jackson St, Paramount, CA 90723-4835
      View Details
    • Value Estimation
      $2,525,000
      20,000 SF

      7011 Marcelle St

      WAREHOUSE, STORAGE
      7011 Marcelle St, Paramount, CA 90723-4838
      View Details
    • Value Estimation
      $1,850,000
      16,368 SF

      14080 Orange Ave

      WAREHOUSE, STORAGE
      14080 Orange Ave, Paramount, CA 90723-2018
      View Details
    • Value Estimation
      $1,255,000
      9,914 SF

      7350 Adams St

      WAREHOUSE, STORAGE
      7350 Adams St, Paramount, CA 90723-4008
      View Details

    Similar Nearby for Sale

    • $1,300,000

      Paramount Industrial Space For Sale

      Industrial property in Paramount, ideal for manufacturing and distribution.
      15532 Illinois Ave, Paramount, CA 90723
      View Details
    • Contact for pricing
      28,058 SF

      Freestanding Warehouse with Fenced Yard

      Concrete tilt-up warehouse with private fenced yard available for rent.
      6323-6421 E Alondra Blvd, Paramount, CA 90723
      View Details
    • Contact for pricing
      9,165 SF

      Paramount Warehouse with Racking

      Small warehouse building with racking, close to 710 freeway.
      6433 Alondra Blvd, Paramount, CA 90723
      View Details
    • Contact for pricing
      4,800 SF

      Free Standing Building with Yard

      Small warehouse with heavy power and private fenced yard.
      15342 Colorado Ave, Paramount, CA 90723
      View Details
    • Contact for pricing
      4,800 SF

      Paramount Industrial Building with Yard

      4,800 SF industrial building with fenced yard in Paramount.
      15342 Colorado Ave, Paramount, CA 90723
      View Details
    • Contact for pricing
      2,810 SF

      Paramount Industrial Warehouse Opportunity

      2,810 sq. ft. warehouse with high visibility.
      14905 Paramount Blvd, Paramount, CA 90723
      View Details

    Similar Nearby for Lease

    • Contact for pricing

      Commercial Space For Lease

      Commercial space available for lease in Paramount, CA.
      15938 Downey Ave, Paramount, CA 90723
      View Details
    • Contact for pricing
      16,016 SF

      Paramount Warehouse with Dock High

      Warehouse with excellent freeway access and loading positions for rent.
      14350 Garfield Ave, Paramount, CA 90723
      View Details
    • Contact for pricing
      3,112 SF

      Paramount Industrial Building For Rent

      Multi-tenant industrial building in Paramount, near major freeways.
      14030-14044 Orange Ave, Paramount, CA 90723
      View Details
    • Contact for pricing
      3,360 SF

      Paramount Warehouse with Office Space

      Multi-tenant building featuring warehouse and office space for lease.
      7310 Adams St, Paramount, CA 90723
      View Details
    • Contact for pricing
      6,864 SF

      Downey Ave Flex Space Available

      Multi-tenant building with convenient access to major freeways.
      15930-15940 Downey Ave, Paramount, CA 90723
      View Details
    • Contact for pricing
      5,000 SF

      Manufacturing Multi-Tenant Building For Rent

      Centrally located manufacturing building with 20' clear height.
      16100-16122 Orange Ave, Paramount, CA 90723
      View Details
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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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