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Property profile & analytics
OFF-MARKET
Estimated value
$5,255,000
Apartment buildings
11124 Excelsior Dr Norwalk, CA 90650-5678
Entity Owned
1-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US09-7368422
Property profile
Verified
Property type
Apartment buildings
Use group
APARTMENT HOUSE (5+ UNITS)
Year built
1970
Construction
WOOD
Total area
16,086 SF
Lot
0.65 ac (28,120 SF)
Zoning code
NOR317U*
APN
8078-024-054
UPID
US09-7368422
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
-
aventuras Travel Agency
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$3.97M
Comparable Approach
Comparable
$5.87M
Blend (final)
Blend
$5.26M
Owner & transaction history
Excelsior Investors LLC · 1 yrs held
Excelsior Investors LLC
since 2024
Last sale
$5.6M
7 recorded transactions
Zoning & alternative use
NOR317U* · Norwalk, CA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Office building
$7.5M
+67.6%
Auto repair, garage
$7.4M
+66.7%
Medical building
$7.3M
+63.8%
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
by Request
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
$4,295,000
6.5%
$3,965,000
7%
$3,680,000
Alternative Use
Use
Estimation
APARTMENT HOUSE (5+ UNITS)
$4,465,000
Current use
OFFICE BUILDING
$7,480,000
Change: +68% · Conversion: Moderate
AUTO REPAIR, GARAGE
$7,440,000
Change: +67% · Conversion: Difficult
MEDICAL BUILDING
$7,310,000
Change: +64% · Conversion: Moderate
RETAIL STORES
$5,790,000
Change: +30% · Conversion: Difficult
COMMERCIAL (GENERAL)
$4,970,000
Change: +11% · Conversion: Moderate
Blend value · Realmo final
$5.26M
Range $4.73M – $5.78M · ±10% · vs last sale $5.60M (Sep 20 2024)
Last sale anchor
$5.60M
Sep 20 2024
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
$327 / 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
$53,922
Tax year 2024
Assessed value
$3,968,852
Assessed 2024
Previous assessed
$3,968,852
+0.0% YoY
Effective rate
1.36%
On assessed value
Assessed land
$1,661,596
Assessed improvement
$2,307,256
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
Apartment buildings
Use group
APARTMENT HOUSE (5+ UNITS)
Status
Off-Market
Year built
1970
Construction
WOOD
Heating
NONE
Cooling
CENTRAL
Units
24
Bathrooms
24
Total area
16,086 SF
Lot
0.65 ac (28,120 SF)
Zoning code
NOR317U*
APN
8078-024-054
UPID
US09-7368422
Jurisdiction
LOS ANGELES
Metro division
LOS ANGELES-LONG BEACH-GLENDALE, CA METROPOLITAN DIVISION
Zoning & alternative use
NOR317U* · Norwalk, CA
Zoning NOR317U* · permitted uses
NOR317U* · 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
APARTMENT HOUSE (5+ UNITS) Current
Est. value
$4.5M
OFFICE BUILDING
Est. value
$7.5M
AUTO REPAIR, GARAGE
Est. value
$7.4M
MEDICAL BUILDING
Est. value
$7.3M
RETAIL STORES
Est. value
$5.8M
COMMERCIAL (GENERAL)
Est. value
$5.0M
APARTMENT HOUSE (5+ UNITS) Current
OFFICE BUILDING
AUTO REPAIR, GARAGE
MEDICAL BUILDING
RETAIL STORES
COMMERCIAL (GENERAL)
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
1970
Construction
WOOD
Heating
NONE
Cooling
Yes
Units
24
Bathrooms
24
Lot
0.65 ac
Current owner
From public records · entity-resolved
Excelsior Investors LLC
Entity
Mailing address
5123 EDSEL AVE, LOS ANGELES, CA 90066-6924
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2024
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
Dec 20, 2024
$5,600,000
Excelsior Investors LLC
Merle Sharp
Grant Deed
$27,500,000 · Jpmorgan Chase Bank NA
Nov 25, 2020
—
T & Nishina F 1991 Fam Trust
T & Nishina F 1991 F/tr
Quit Claim Deed
related
$1,730,000 · Jp Morgan Chase Bk
Mar 23, 2017
—
Merle Sharp
—
Deed
related
$1,700,000 · Jpmorgan Chase Bank NA
May 23, 2007
—
Merle Sharp
5l Property Holdings LLC
Grant Deed
$1,585,000 · Citibank NA
May 13, 2005
$2,850,020
5l Property Holdings LLC
Ideal Properties LLC
Grant Deed
$2,137,500 · United Commercial Bank
Nov 25, 2003
$2,017,500
Ideal Properties II LLC
Menlo,tr
Grant Deed
$1,622,000 · First Regional Bank
Dec 23, 1971
—
—
—
Grant Deed
related
—
—
—
5l Property Holdings LLC
—
Deed Of Trust
related
$75,000 · Fidelity Bancorp Funding INC
—
—
Sharp 2000 Family Trust Of
—
Deed Of Trust
related
$1,730,000 · Jp Morgan Chase 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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