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Property profile & analytics
OFF-MARKET
Estimated value
$6,975,000
Apartment buildings
1127 Ave J J Lancaster, CA 93535-3905
Entity Owned
5-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US09-6920501
Property profile
Verified
Property type
Apartment buildings
Use group
APARTMENT HOUSE (5+ UNITS)
Year built
1988
Construction
WOOD
Total area
56,784 SF
Lot
6.08 ac (264,657 SF)
Zoning code
LRC3-R325U
APN
3147-008-029
UPID
US09-6920501
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
$6.98M
Owner & transaction history
Sunwest Lancaster LLC · 5 yrs held
Sunwest Lancaster LLC
since 2021
7 recorded transactions
Zoning & alternative use
LRC3-R325U · Lancaster, 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 Lancaster submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Lancaster 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
CAP Approach
Comparable Approach
Alternative Use
Get a detailed, property-specific estimation — fast and free
Price per SF
Sale + rent benchmarks
Subject property
$123 / 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
$86,549
Tax year 2024
Assessed value
$4,445,791
Assessed 2024
Previous assessed
$4,445,791
+0.0% YoY
Effective rate
1.95%
On assessed value
Assessed land
$759,303
Assessed improvement
$3,686,488
Applied tax rate
5.0000
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
1988
Construction
WOOD
Heating
NONE
Cooling
YES
Buildings
3
Units
66
Bathrooms
132
Total area
56,784 SF
Lot
6.08 ac (264,657 SF)
Zoning code
LRC3-R325U
APN
3147-008-029
UPID
US09-6920501
Jurisdiction
LOS ANGELES
Metro division
LOS ANGELES-LONG BEACH-GLENDALE, CA METROPOLITAN DIVISION
Zoning & alternative use
LRC3-R325U · Lancaster, CA
Zoning LRC3-R325U · permitted uses
LRC3-R325U · Lancaster, CA
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Lancaster. Always verify with local authorities before improvements.
Building & site characteristics
From public records
Year built
1988
Construction
WOOD
Heating
NONE
Cooling
Yes
Buildings
3
Units
66
Bathrooms
132
Lot
6.08 ac
Current owner
From public records · entity-resolved
Sunwest Lancaster LLC
Entity
Mailing address
204 E MENDOCINO ST, ALTADENA, CA 91001-5144
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2021
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
11 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Apr 19, 2021
—
Sunwest Lancaster LLC
Mark Forbush
Grant Deed
$2,200,000 · Readycap Commerical LLC
Mar 9, 2020
—
Forbush Asset Mgmt & Trust
—
Deed
related
$1,865,000 · Kinecta FCU
Feb 17, 2017
—
Mark S Forbush
Forbush,mark S
Quit Claim Deed
related
—
Dec 11, 2001
—
Forbush,lucienne T Tr
Forbush,l T
Quit Claim Deed
related
—
Dec 20, 1989
$2,870,000
Sierra Group
Vly
Trustees Deed
related
—
Jun 19, 1989
$1,000
Vly Fsla
Harge
Quit Claim Deed
related
—
Jun 19, 1989
—
Vly Fsla
Harge
Trustees Deed
related
—
—
—
Forbush,lucienne T Trust
—
Deed Of Trust
related
$2,000,000 · Kinecta FCU
—
—
Forbush Asset Mgmt & Trust
—
Deed Of Trust
related
$1,865,000 · Kinecta FCU
—
—
Lucienne Forbush
—
Deed Of Trust
related
$2,296,000 · Valley Federal Savings & Loan
—
—
Lucienne T Forbush
—
Deed Of Trust
related
—
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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