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Property profile & analytics
OFF-MARKET
Estimated value
$745,000
Apartment buildings
1117 2nd St San Fernando, CA 91340-2866
Entity Owned
Absentee Owner
~
Est. High Equity
Property ID
US09-8011877
Property profile
Verified
Property type
Apartment buildings
Use group
APARTMENT HOUSE (5+ UNITS)
Year built
1948
Total area
5,040 SF
Lot
0.16 ac (7,102 SF)
Zoning code
SFR3*
APN
2520-026-001
UPID
US09-8011877
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
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$745k
Owner & transaction history
Second Street Equity LLC
Second Street Equity LLC
since 2026
7 recorded transactions
Zoning & alternative use
SFR3* · San Fernando, CA
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 San Fernando submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs San Fernando 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)
$1,035,000
Current use
Blend value · Realmo final
$745k
Range $671k – $820k · ±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
$148 / 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
$12,409
Tax year 2024
Assessed value
$836,332
Assessed 2024
Previous assessed
$836,332
+0.0% YoY
Effective rate
1.48%
On assessed value
Assessed land
$348,471
Assessed improvement
$487,861
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
1948
Heating
NONE
Cooling
YES
Buildings
3
Units
8
Bathrooms
8
Total area
5,040 SF
Lot
0.16 ac (7,102 SF)
Zoning code
SFR3*
APN
2520-026-001
UPID
US09-8011877
Jurisdiction
LOS ANGELES
Metro division
LOS ANGELES-LONG BEACH-GLENDALE, CA METROPOLITAN DIVISION
Zoning & alternative use
SFR3* · San Fernando, CAZoning SFR3* · permitted uses
SFR3* · San Fernando, CA
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Source
code of ordinances
Alternative use value scenarios
Repositioning upside vs current use
APARTMENT HOUSE (5+ UNITS) Current
Est. value
$1.0M
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
1948
Heating
NONE
Cooling
Yes
Buildings
3
Units
8
Bathrooms
8
Lot
0.16 ac
Current owner
From public records · entity-resolved
Second Street Equity LLC
Entity
Mailing address
1241 BAYSIDE DR, CORONA DEL MAR, CA 92625-1705
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2026
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
13 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Mar 18, 2026
$555,500
Second Street Equity LLC
Barmazel Family Limited Partnership
Grant Deed
—
Mar 18, 2026
—
Jpmorgan Chase Bank NA
Barmazel Family Limited Partnership
Deed
—
Apr 27, 2022
—
Barmaze Family Limited Partnership
—
Deed
related
$1,100,000 · Jpmorgan Chase Bank NA
Jul 31, 2019
—
Barmazel Family Limited Partnership
—
Deed
related
$875,000 · Jpmorgan Chase Bank NA
Mar 21, 2007
—
606 1117-1121 & 1414 LLC
Barmazel Family
Quit Claim Deed
related
$1,605,000 · Greystone Servicing Corp
Jul 3, 2003
$600,000
Barmazel Family LP
Lawrence,gabriela
Grant Deed
$450,000 · First State Bank California
Jun 26, 2002
—
Gabriela Lawrence
Lawrence,lorne
Quit Claim Deed
related
—
Nov 30, 1999
$330,000
Lorne Lawrence
Halaby,jacob & Geaula
Grant Deed
$237,500 · Washington Mutual Fsb
—
—
Barmazel Family LP
—
Deed Of Trust
related
$190,000 · Stegmeier & Gelbart LLP
—
—
Jacob Halaby
—
Deed Of Trust
related
$274,300 · Us Small Business Admn
—
—
Jacob Halaby
—
Deed Of Trust
related
$245,000 · Fidelity Federal Bank
—
—
Barmazel Family LP
—
Deed Of Trust
related
$459,000 · First Federal Bank Ca
—
—
Jacob Halaby
—
Deed Of Trust
related
$154,400 · Us Small Business Admn
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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