Karmelich Appraisal & Consulting Inc. with its team of experienced and expert notch local appraisers has excelled to the expert of the industry by offering great customer service, accurate appraisals and quick turn times.
John Karmelich, MAI, our Sr. Appraiser has nearly 30 years’ experience with over 15,000 appraisals to his credit and is considered one of the expert appraisers in California. He’s also an investor, licensed realtor, regular contributor for several national appraisal publications and consultant to hundreds of appraisers across the country.
Although our company has completed thousands of mortgage appraisals over the past 30 years our team of experienced and highly qualified Long Beach appraisers ‘specialize’ in helping people who need appraisals for estate purposes, divorce, bankruptcy, FSBO’s and more.
We also work closely with realtors and brokers to help establish list prices, home sellers to insure they’re getting expert dollar and home buyers to insure they’re not overpaying for a new home.
In addition to homes of all shapes and sizes we also appraise condos, apartments, land, as well as horse and specialty properties. No job is too big or too small.
Professionalism and integrity are critical when working with an appraiser and we pride ourselves in providing you with competitive rates as well as the best possible experience.
Give us a call today with any questions you might have and also check out our ‘Praise’ page and see what others are saying about John Karmelich, MAI and Karmelich Appraisal & Consulting Inc.
QUALIFICATIONS OF THE APPRAISER
John Karmelich, MAI, SRA
Public and Private Designations:
• Member Appraisal Institute (MAI) – Appraisal Institute – Current Education Cycle Complete
• Senior Residential Appraiser (SRA) – Appraisal Institute – Current Education Cycle Complete
• Certified General Appraiser – State of California; Expires July of 2016.
College Education:
• Masters in Real Estate Development – University of Southern California, May 1992
• Bachelor of Science – University of Southern California, June 1981
Major in Real Estate & Entrepreneurial Program
Real Estate Appraisal Experience:
• Over thirty (30) years experience as a real estate appraiser
• Staff appraiser, Highland Federal Savings and Loan – 1979
• Founded own appraisal company – 1981
• 500 Single-family dwellings (As a practice, residential work is no longer personally inspected. However,
residential work is sometimes necessary if it is part of a larger portfolio. All residential work over the past
five years was subcontracted and then reviewed and signed.
• 300+ proposed and existing condominium units/projects (residential and commercial)
• 400+ small apartment buildings (2-4 units)
• 1,000+ apartment buildings (5 to 1,200 units)
• 1,000+ commercial/industrial properties (all product types)
• 300 vacant parcels of land (all zoning types)
• Worked extensively in both appraisal form and narrative formats.
• Apartment valuations including some of the largest in the region, such as a complex with more than 1,100
units. Extensive experience in older urban units, including analyses of cost and rent control factors.
• Residential work covering all types, from standard tract homes to multi-million dollar estate homes.
This also includes analyses of properties involving proposed construction.
• Commercial experience with almost every use type, which includes but is not limited to: various industrial,
retail, office, and mixed-use properties in addition to many large land projects, including development
analysis. Specialty appraisals include religious facilities and some motel valuation. Projects have ranged in
size from small, single-tenant properties to very large multi-tenant centers.
Data Sources:
The following are specialized data sources:
• Costar.- This is the largest database of Apartment and Commercial Sales in Southern California.
Our office has access to data on Los Angeles, Orange, Riverside and San Bernardino Counties.
• Loopnet This source tracks commercial and multi-family properties all over the United States/
• Win2Data Real Estate Database – This is a public record database. All of the assessor information is
updated monthly, with daily sales data updated via their online service. (Los Angeles/Orange Co.)
• Listing Information – I have access to all Multiple Listing Service databases for Southern California, as
well as several specialized databases for different product types.
• Expense Information – I subscribe to several publications that monitor apartment, retail, office, and
industrial expense amounts. These include Apartment Building Operating Expense Guide, Penner and
Associates Guide for Offices/Industrial buildings, BOMA data, etc. We also have a large database of
appraisals with actual expense data, and consult with several apartment property managers.
• Miscellaneous Sources – Marshall & Swift Cost guides, appraisal and apartment trade periodicals,
newsletters, and other publications. Maps of HUD flood panels, zoning, and miscellaneous
environmental data. We also track a large number of data sources via the Internet.
Appraisals for Loan Analysis:
• Real estate sale and refinance assignments
• Worked with several lenders for almost twenty years.
• Clients include private lenders, local lenders and large national and international financial institutions.
Estate Planning:
• Extensive experience in appraisals for estate planning purposes, including partial interest valuations.
• Valuation for real estate as a charity deduction.
• Have provided testimony in court for estate planning disputes.
Other Appraisal Assignments
• Eminent Domain Cases (have worked for several cities, private firms and many independent owners)
• Independent Value Disputes (e.g., tenant and owner cannot agree on sale price or a rent-rate)
• Expert Witness in bankruptcy and tax court hearings
• Consultation for Federal, State, and Local Government Agencies
• Divorce Cases
• Defense of IRS and EDD Audits
Trade Affiliation:
• Joined the Appraisal Institute in 1981. This institution awards the MAI® and SRA® designations
– The MAI® stands for “Member of the Appraisal Institute”. It is a commercial property designation.
– The SRA® stands for “Senior Residential Appraiser”. It is a residential property designation.
• My completed MAI and SRA designation requirements include:
– 4 semester-long classes – (2 in residential, 2 in income)
– A thesis paper – (demonstrating appraisal ability)
– Proof of at least 4 years experience – (with at least 50% of experience in income work) – 8/90.
– Final qualifications include a comprehensive examination and oral review board.
Continuing Education Requirements:
• Appraisal Institute requires MAI’s to complete 100 hrs/4-yr cycle. Current cycle is complete.
• State of California requires 30 hrs/2-yr cycle. Current cycle is complete.
Recent trade seminars include:
• Annual Southern California Market Trends Seminar– Commercial (January 2015, I attend this every year))
• Appraisal Regulations (USPAP Update) (February 2014)
• IRS Seminar (Estate Planning Issues) September 2014, I attend this most years)
• Annual Litigation Seminar (November 2013)
• Introducing Valuation for Financial Reporting (April 2009)
• Appraising Distressed Commercial Real Estate: (November 2008)
• Case Studies in Limited Partnership and Common Tenancy Valuation (October 2008)
Other Experience Comments:
• Equity position and property management in 200 apartment units. My family is involved with many
apartment investments all over Southern California. I am also on first name basis with numerous real estate
managers and brokers that specialize in apartment building properties.
• My Master’s Degree in Real Estate, with a strong emphasis on new development analysis. This increased my
expertise in development valuation work, including proposed/planned projects. Construction work has
included analysis of builder’s costs, absorption analysis, and project feasibility.
Areas Covered:
• Primary work experience is in Los Angeles and Orange Counties.
• Additional areas of experience: San Bernardino, Ventura, Riverside, San Diego, and the remainder of the state
of California. (Not licensed in other states.)