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Property profile & analytics
OFF-MARKET
Estimated value
$4,620,000
Apartment buildings
12010 Elmcroft Ave Norwalk, CA 90650-7733
Entity Owned
5-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US09-6293635
Property profile
Verified
Property type
Apartment buildings
Use group
APARTMENT HOUSE (5+ UNITS)
Year built
1955
Construction
WOOD
Total area
12,065 SF
Lot
0.73 ac (31,634 SF)
Zoning code
NOR3YY
APN
8022-008-021
UPID
US09-6293635
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
$4.72M
CAP Approach
CAP
$2.98M
Comparable Approach
Comparable
$4.40M
Blend (final)
Blend
$4.62M
Owner & transaction history
Elmcroft Apts LLC · 5 yrs held
Elmcroft Apts LLC
since 2021
Last sale
$4.8M
7 recorded transactions
Zoning & alternative use
NOR3YY · Norwalk, CA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Neighborhood: shopping center
$7.3M
+119.3%
Office building
$5.6M
+67.6%
Auto repair, garage
$5.6M
+66.7%
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 Norwalk submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Norwalk 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
$4,375,000
ML approach
$4,715,000
CAP Approach
CAP Return
Estimation
6%
$3,220,000
6.5%
$2,975,000
7%
$2,760,000
Alternative Use
Use
Estimation
APARTMENT HOUSE (5+ UNITS)
$3,350,000
Current use
NEIGHBORHOOD: SHOPPING CENTER
$7,345,000
Change: +119% · Conversion: Difficult
OFFICE BUILDING
$5,610,000
Change: +68% · Conversion: Moderate
AUTO REPAIR, GARAGE
$5,580,000
Change: +67% · Conversion: Difficult
MEDICAL BUILDING
$5,485,000
Change: +64% · Conversion: Moderate
RETAIL STORES
$4,345,000
Change: +30% · Conversion: Difficult
COMMERCIAL (GENERAL)
$3,730,000
Change: +11% · Conversion: Moderate
Blend value · Realmo final
$4.62M
Range $4.16M – $5.08M · ±10% · vs last sale $4.80M (Jul 12 2021)
Last sale anchor
$4.80M
Jul 12 2021
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
$383 / 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
$63,494
Tax year 2024
Assessed value
$4,995,520
Assessed 2024
Previous assessed
$4,995,520
+0.0% YoY
Effective rate
1.27%
On assessed value
Assessed land
$3,017,160
Assessed improvement
$1,978,360
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
1955
Construction
WOOD
Heating
NONE
Buildings
5
Units
20
Bathrooms
20
Total area
12,065 SF
Lot
0.73 ac (31,634 SF)
Zoning code
NOR3YY
APN
8022-008-021
UPID
US09-6293635
Jurisdiction
LOS ANGELES
Metro division
LOS ANGELES-LONG BEACH-GLENDALE, CA METROPOLITAN DIVISION
Zoning & alternative use
NOR3YY · Norwalk, CA
Zoning NOR3YY · permitted uses
NOR3YY · Norwalk, CA
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Norwalk. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
APARTMENT HOUSE (5+ UNITS) Current
Est. value
$3.4M
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$7.3M
OFFICE BUILDING
Est. value
$5.6M
AUTO REPAIR, GARAGE
Est. value
$5.6M
MEDICAL BUILDING
Est. value
$5.5M
RETAIL STORES
Est. value
$4.3M
COMMERCIAL (GENERAL)
Est. value
$3.7M
APARTMENT HOUSE (5+ UNITS) Current
NEIGHBORHOOD: SHOPPING CENTER
OFFICE BUILDING
AUTO REPAIR, GARAGE
MEDICAL BUILDING
RETAIL STORES
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
1955
Construction
WOOD
Heating
NONE
Buildings
5
Units
20
Bathrooms
20
Lot
0.73 ac
Current owner
From public records · entity-resolved
Elmcroft Apts LLC
Entity
Mailing address
610 N SANTA ANITA AVE, ARCADIA, CA 91006-2722
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
Nov 3, 2021
—
Elmcroft Apts LLC
—
Deed
related
$3,168,000 · Capital One Bank NA
Sep 14, 2021
—
Elmcroft Apts LLC
—
Deed
related
$3,168,000 · Capital One NA
Jul 12, 2021
$4,800,000
Elmcroft Apts LLC
6471 Western LLC
Grant Deed
—
Oct 9, 2015
$3,450,000
6471 Western LLC
Progressive Assets LP
Grant Deed
$2,148,000 · Private Individual
Apr 1, 2003
—
Progressive LLC
Dadson Washer Service INC
Quit Claim Deed
related
$1,000,000 · Washington Mutual Fsb
Dec 12, 1997
$525,000
Progressive Properties LLC
Fletcher Trust
Grant Deed
$395,000 · Nmc LP
Jan 4, 1996
$204,511
Kaye A Fletcher
Patel,ramesh M & Manjula R
Trustees Deed
—
—
—
Patel Ramesh Mr.
—
Deed Of Trust
related
$177,147 · Fletcher Kaye A&
—
—
Progressive Properties LLC
—
Deed Of Trust
related
$590,000 · Washington Mutual Fsb
—
—
Progressive Properties LLC
—
Deed Of Trust
related
$787,500 · Washington Mutual Fsb
—
—
Ramesha M Patel
—
Deed Of Trust
related
$102,000 · Individual
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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