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Property profile & analytics
OFF-MARKET
Estimated value
$545,000
Apartment buildings
1190 38th St Los Angeles, CA 90037-1123
Entity Owned
9-yr Hold
Free & Clear
Property ID
US09-7911841
Property profile
Verified
Property type
Apartment buildings
Use group
APARTMENT HOUSE (5+ UNITS)
Year built
1922
Construction
WOOD
Total area
3,710 SF
Lot
0.16 ac (6,925 SF)
Zoning code
LARD1.5
APN
5037-012-008
UPID
US09-7911841
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
$545k
Owner & transaction history
Expo Park Holdings LLC · 9 yrs held
Expo Park Holdings LLC
since 2017
7 recorded transactions
Zoning & alternative use
LARD1.5 · Los Angeles, 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 Los Angeles submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Los Angeles 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)
$635,000
Current use
COMMERCIAL (GENERAL)
$560,000
Change: -12% · Conversion: Moderate
Blend value · Realmo final
$545k
Range $491k – $600k · ±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
$147 / 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
$9,353
Tax year 2024
Assessed value
$696,944
Assessed 2024
Previous assessed
$696,944
+0.0% YoY
Effective rate
1.34%
On assessed value
Assessed land
$557,560
Assessed improvement
$139,384
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
1922
Construction
WOOD
Heating
NONE
Cooling
YES
Units
8
Bathrooms
8
Total area
3,710 SF
Lot
0.16 ac (6,925 SF)
Zoning code
LARD1.5
APN
5037-012-008
UPID
US09-7911841
Jurisdiction
LOS ANGELES
Metro division
LOS ANGELES-LONG BEACH-GLENDALE, CA METROPOLITAN DIVISION
Zoning & alternative use
LARD1.5 · Los Angeles, CA
Zoning LARD1.5 · permitted uses
LARD1.5 · Los Angeles, CA
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Los Angeles. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
APARTMENT HOUSE (5+ UNITS) Current
Est. value
$635,000
COMMERCIAL (GENERAL)
Est. value
$560,000
APARTMENT HOUSE (5+ UNITS) Current
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
1922
Construction
WOOD
Heating
NONE
Cooling
Yes
Units
8
Bathrooms
8
Lot
0.16 ac
Current owner
From public records · entity-resolved
Expo Park Holdings LLC
Entity
Free & Clear · 9 yrs held
Mailing address
PO BOX 70084, LOS ANGELES, CA 90070-0084
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
15 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Feb 10, 2017
—
Expo Park Holdings LLC
Kahenasa,nora
Quit Claim Deed
related
—
Feb 6, 2017
—
Nahideh Sedigh
Kahenasa,iraj
Affidavit Of Death
related
—
Dec 24, 2012
—
Nora Kahenasa
Idnnn Trust
Grant Deed
—
May 22, 2007
—
Kahenasa I Living
Kahenasa,iraj
Quit Claim Deed
related
—
Sep 12, 2003
$500,000
Iraj Nahid S Kahenasa
Chao,chang Y & Ti C
Grant Deed
—
Feb 20, 2002
—
Chang Y Chao
Chao,c Y
Quit Claim Deed
related
—
Feb 12, 2002
—
Chang Y Chao
Ti,c
Grant Deed
related
—
Oct 10, 2001
—
H Dev
Countrywide,hm L
Grant Deed
related
—
Dec 26, 2000
$319,754
Countrywide Home Loans INC
Deal,james R
Trustees Deed
related
—
Aug 4, 1999
$295,000
Deal,james R
Esi Investments Corp
Trustees Deed
$292,588 · First Suburban Corp
Aug 4, 1999
—
James R Deal
Deal,h
Quit Claim Deed
related
—
Sep 18, 1998
$155,000
Erick S Villamil
Martin,faye J
Grant Deed
$150,000 · Community Commerce Bank
Jun 28, 1994
—
Faye J Arturo Dev Jose So Martin
Cameron,g F
Quit Claim Deed
related
—
—
—
Erick S Villamil
—
Deed Of Trust
related
$10,000 · Capital One Mortgage Corp
—
—
Chang Y Chao
—
Deed Of Trust
related
$260,000 · United National 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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