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Property profile & analytics
OFF-MARKET
Estimated value
$2,025,000
Apartment buildings
1140 Ave Q12 Palmdale, CA 93550-1948
Entity Owned
5-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US09-7486066
Property profile
Verified
Property type
Apartment buildings
Use group
APARTMENT HOUSE (5+ UNITS)
Year built
1988
Construction
WOOD
Total area
12,960 SF
Lot
0.55 ac (23,922 SF)
Zoning code
PDR1*
APN
3014-003-038
UPID
US09-7486066
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
$2.07M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$2.28M
Blend (final)
Blend
$2.03M
Owner & transaction history
Jd Star Realty LLC · 5 yrs held
Jd Star Realty LLC
since 2020
Last sale
$2.0M
7 recorded transactions
Zoning & alternative use
PDR1* · Palmdale, CA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Auto repair, garage
$2.8M
+63.5%
Industrial (general)
$2.7M
+54.6%
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 Palmdale submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Palmdale 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
$2,030,000
ML approach
$2,065,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
APARTMENT HOUSE (5+ UNITS)
$1,730,000
Current use
AUTO REPAIR, GARAGE
$2,830,000
Change: +63% · Conversion: Difficult
INDUSTRIAL (GENERAL)
$2,680,000
Change: +55% · Conversion: Difficult
Blend value · Realmo final
$2.03M
Range $1.82M – $2.23M · ±10% · vs last sale $2.00M (Oct 28 2020)
Last sale anchor
$2.00M
Oct 28 2020
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
$156 / 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
$34,146
Tax year 2024
Assessed value
$2,126,615
Assessed 2024
Previous assessed
$2,126,615
+0.0% YoY
Effective rate
1.61%
On assessed value
Assessed land
$318,362
Assessed improvement
$1,808,253
Applied tax rate
15.0000
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
CENTRAL
Units
14
Bathrooms
28
Total area
12,960 SF
Lot
0.55 ac (23,922 SF)
Zoning code
PDR1*
APN
3014-003-038
UPID
US09-7486066
Jurisdiction
LOS ANGELES
Metro division
LOS ANGELES-LONG BEACH-GLENDALE, CA METROPOLITAN DIVISION
Zoning & alternative use
PDR1* · Palmdale, CA
Zoning PDR1* · permitted uses
PDR1* · Palmdale, CA
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Palmdale. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
APARTMENT HOUSE (5+ UNITS) Current
Est. value
$1.7M
AUTO REPAIR, GARAGE
Est. value
$2.8M
INDUSTRIAL (GENERAL)
Est. value
$2.7M
APARTMENT HOUSE (5+ UNITS) Current
AUTO REPAIR, GARAGE
INDUSTRIAL (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
1988
Construction
WOOD
Heating
NONE
Cooling
Yes
Units
14
Bathrooms
28
Lot
0.55 ac
Current owner
From public records · entity-resolved
Jd Star Realty LLC
Entity
Mailing address
13000 SAN FERNANDO RD STE #8, SYLMAR, CA 91342-3668
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
22 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Oct 28, 2020
$2,000,000
Jd Star Realty LLC
Gary Semerjian
Grant Deed
$1,400,000 · Financial Partners Cu
Oct 28, 2020
—
Gary Semerjian
Angineh Semerjian
Quit Claim Deed
—
Nov 5, 2019
—
John H Semerdjian
Acre Street LLC
Quit Claim Deed
—
Dec 22, 2014
—
Acre Street LLC
Semerdjian,john H
Quit Claim Deed
—
Jun 12, 2014
—
John H Semerdjian
Semerjian Group LLC
Quit Claim Deed
related
—
Feb 21, 2012
—
Semerjian Group LLC
Gary Semerdzhyan
Grant Deed
—
Jul 7, 2011
—
Gary Semerdzhyan
—
Trustees Deed
related
$200,000 · Kellzi Family Trust
Jun 28, 2011
$600,000
Gary Semerdzhyan
Burbank Invstr Svcs
Grant Deed
—
Jun 28, 2011
—
Gary Semerdzhyan
Semerdzhyan,angineh
Quit Claim Deed
related
$200,000 · Kellzi Family Trust
Mar 15, 2011
$937,000
Burbank Invstr Svcs
Fidelity National Title Co
Trustees Deed
related
—
Sep 24, 2010
—
Mira Loma Investments LLC
Emiaj Osonier Trust
Grant Deed
—
Jun 1, 2010
—
Osonier Emiaj Trust 10043190
Reinoso,jaime
Grant Deed
—
Mar 3, 2009
—
Jaime Reinoso
Mira Loma Investments LLC
Grant Deed
—
Mar 2, 2009
—
Mira Loma Investments LLC
Reinoso,jaime
Quit Claim Deed
related
—
Oct 17, 2007
—
Mira Loma Investments LLC
Mira Loma Investments LLC
Grant Deed
related
$861,250 · Luther Burbank Savings
May 4, 2007
—
Mira Loma Investments LLC
Prime Time Re Investments LLC
Grant Deed
—
Aug 31, 2006
—
Primetime Re Investments LLC
Major Investements LLC
Grant Deed
—
Jul 31, 2002
$450,000
Major Investments LLC
Bayat,bahman
Grant Deed
$292,500 · Jackson Federal Bank
Jun 30, 1998
$250,000
Home Savings Of America
Lopez,leonardo M & Iris A
Trustees Deed
related
—
Nov 14, 1996
—
Lopez Leonardo M
Lopez,l M & I A
Quit Claim Deed
related
—
Sep 2, 1988
$640,000
Lopez Leonard M
Baker,merton H
Grant Deed
$448,000 · Coast Federal Bank
—
—
Bahman Bayat
—
Deed Of Trust
related
$210,000 · Highland Federal Bank
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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