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Property profile & analytics
OFF-MARKET
Estimated value
$1,585,000
Apartment buildings
1029 Un Ave Los Angeles, CA 90015-2056
Entity Owned
5-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US09-7274544
Property profile
Verified
Property type
Apartment buildings
Use group
APARTMENT HOUSE (5+ UNITS)
Year built
1963
Construction
WOOD
Total area
14,701 SF
Lot
0.37 ac (16,166 SF)
Zoning code
LAR4
APN
5137-016-025
UPID
US09-7274544
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
Current use
Occupant on record · Public records
-
1029 S. Union Apartments Apartment Complex Apartment Rental Agency
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$1.71M
Blend (final)
Blend
$1.59M
Owner & transaction history
Union 51 Venture LLC · 5 yrs held
Union 51 Venture LLC
since 2020
7 recorded transactions
Zoning & alternative use
LAR4 · Los Angeles, 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 Los Angeles submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Los Angeles 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%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
APARTMENT HOUSE (5+ UNITS)
$2,445,000
Current use
Blend value · Realmo final
$1.59M
Range $1.43M – $1.74M · ±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
$108 / 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
$61,656
Tax year 2024
Assessed value
$4,920,448
Assessed 2024
Previous assessed
$4,920,448
+0.0% YoY
Effective rate
1.25%
On assessed value
Assessed land
$3,802,531
Assessed improvement
$1,117,917
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
Apartment buildings
Use group
APARTMENT HOUSE (5+ UNITS)
Status
Off-Market
Year built
1963
Construction
WOOD
Heating
NONE
Cooling
YES
Units
31
Bathrooms
31
Total area
14,701 SF
Lot
0.37 ac (16,166 SF)
Zoning code
LAR4
APN
5137-016-025
UPID
US09-7274544
Jurisdiction
LOS ANGELES
Metro division
LOS ANGELES-LONG BEACH-GLENDALE, CA METROPOLITAN DIVISION
Zoning & alternative use
LAR4 · Los Angeles, CA
Zoning LAR4 · permitted uses
LAR4 · Los Angeles, CA
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Los Angeles. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
APARTMENT HOUSE (5+ UNITS) Current
Est. value
$2.4M
APARTMENT HOUSE (5+ UNITS) Current
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
1963
Construction
WOOD
Heating
NONE
Cooling
Yes
Units
31
Bathrooms
31
Lot
0.37 ac
Current owner
From public records · entity-resolved
Union 51 Venture LLC
Entity
Mailing address
1200 VENICE BLVD2NDFL, LOS ANGELES, CA 90006-5518
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
12 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Nov 26, 2025
—
Union 41 Venture LLC
—
Deed
related
$3,500,000 · Jpmorgan Chase Bank NA
Oct 2, 2020
—
Union 51 Venture LLC
51st Street Lender LLC
Grant Deed
$4,900,000 · Sabal Capital II LLC
Apr 18, 2018
$4,400,000
51st Street Lender LLC
1029 South Union LLC
Grant Deed
$2,580,000 · Opus Bank
Oct 31, 2008
—
1029 South Union LLC
Hajati,abdol K
Grant Deed
—
Jan 28, 1998
$715,000
Abdol-khalil Hajati
Kim,young
Grant Deed
$536,250 · First Fidelity Thrift & Loan
Apr 12, 1995
—
Young Kim
Ferdin,k & W D Trustees
Grant Deed
related
—
—
—
Young Kim
—
Deed Of Trust
related
$25,000 · Unique Funding
—
—
Abdol K Hajati
—
Deed Of Trust
related
$300,000 · Schaeffer Financial Services
—
—
Abdol-khalil Hajati
—
Deed Of Trust
related
$698,800 · Abn Amro Mortgage Group INC
—
—
Abdol K Hajati
—
Deed Of Trust
related
$700,000 · Schaeffer Financial Services
—
—
Abdol-khalil Hajati
—
Deed Of Trust
related
$1,435,000 · Jackson Federal Bank
—
—
Young Kim
—
Deed Of Trust
related
$30,000 · Individual
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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