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Property profile & analytics
OFF-MARKET
Estimated value
$7,190,000
Apartment buildings
11509 216th St Lakewood, CA 90715-2540
Trust Owned
8-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US09-6351223
Property profile
Verified
Property type
Apartment buildings
Use group
APARTMENT HOUSE (5+ UNITS)
Year built
1971
Construction
WOOD
Total area
43,903 SF
Lot
1.44 ac (62,880 SF)
Zoning code
LKMFR*
APN
7060-022-003
UPID
US09-6351223
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
-
Tuscany Apartments Apartment Complex
-
Hiphopandfriends Charitable Organization Social Service Agency
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$7.19M
Owner & transaction history
Pringle,laurence C 2017 Trust · 8 yrs held
Pringle,laurence C 2017 Trust
since 2017
7 recorded transactions
Zoning & alternative use
LKMFR* · Lakewood, 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 Lakewood submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Lakewood 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
Blend value · Realmo final
$7.19M
Range $6.47M – $7.91M · ±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
$164 / 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
$117,944
Tax year 2024
Assessed value
$9,115,565
Assessed 2024
Previous assessed
$9,115,565
+0.0% YoY
Effective rate
1.29%
On assessed value
Assessed land
$2,414,562
Assessed improvement
$6,701,003
Applied tax rate
2.0000
Comparables
6 recent transactions · within 1.5 miComparable in this city
6 recent transactions
Comparable in this City
Similar Nearby for Sale
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
1971
Construction
WOOD
Heating
NONE
Units
53
Bathrooms
80
Total area
43,903 SF
Lot
1.44 ac (62,880 SF)
Zoning code
LKMFR*
APN
7060-022-003
UPID
US09-6351223
Jurisdiction
LOS ANGELES
Metro division
LOS ANGELES-LONG BEACH-GLENDALE, CA METROPOLITAN DIVISION
Zoning & alternative use
LKMFR* · Lakewood, CAZoning LKMFR* · permitted uses
LKMFR* · Lakewood, CA
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Building & site characteristics
From public records
Year built
1971
Construction
WOOD
Heating
NONE
Units
53
Bathrooms
80
Lot
1.44 ac
Current owner
From public records · entity-resolved
Pringle,laurence C 2017 Trust
Trust
Mailing address
1420 KETTNER BLVD STE #100, SAN DIEGO, CA 92101-2432
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2017
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
Mar 31, 2022
—
Tuscany Investments LLC
—
Deed
related
$6,500,000 · First Foundation Bank
Dec 15, 2017
—
Pringle,laurence C 2017 Trust
Pringle Mark L Trust
Quit Claim Deed
—
May 23, 2017
—
Tuscany Investors LLC
—
Deed
related
$1,000,000 · California Real Prop Invs LP
Sep 4, 2012
—
James L Hardy
216th Associates LLC
Grant Deed
—
Sep 26, 2005
—
216th Associates LLC
Cottages Apartments LLC
Grant Deed
—
Jan 28, 2005
$7,100,000
Cottages Apartments LLC
Sarver Carlson Builders
Grant Deed
$4,300,000 · Citibank West Fsb
Dec 21, 1970
—
Sarver Carlson Builders
—
Grant Deed
related
—
—
—
Tuscany Investors LLC
—
Deed Of Trust
related
$5,300,000 · Walker & Dunlop
—
—
Tuscany Investors LLC
—
Deed Of Trust
related
$1,000,000 · California Real Prop Invs LP
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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