Back to Search
Property profile & analytics
OFF-MARKET
Estimated value
$11,845,000
Apartment buildings
12038 Imperial Hwy Norwalk, CA 90650-3005
Entity Owned
4-yr Hold
~
Est. High Equity
Property ID
US09-8593903
Property profile
Verified
Property type
Apartment buildings
Use group
APARTMENT HOUSE (5+ UNITS)
Year built
1973
Construction
WOOD
Total area
38,895 SF
Lot
1.37 ac (59,817 SF)
Zoning code
NOR310000P
APN
8047-003-033
UPID
US09-8593903
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
-
Imperial Place Real Estate Agency
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$7.43M
CAP Approach
CAP
$9.59M
Comparable Approach
Comparable
$14.18M
Blend (final)
Blend
$11.85M
Owner & transaction history
Imperial Place Apartments LLC · 4 yrs held
Imperial Place Apartments LLC
since 2022
Last sale
$14.1M
3 recorded transactions
Zoning & alternative use
NOR310000P · Norwalk, CA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Office building
$18.1M
+67.6%
Auto repair, garage
$18.0M
+66.7%
Medical building
$17.7M
+63.8%
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
$11,670,000
ML approach
$7,425,000
CAP Approach
CAP Return
Estimation
6%
$10,385,000
6.5%
$9,585,000
7%
$8,900,000
Alternative Use
Use
Estimation
APARTMENT HOUSE (5+ UNITS)
$10,795,000
Current use
OFFICE BUILDING
$18,090,000
Change: +68% · Conversion: Moderate
AUTO REPAIR, GARAGE
$17,990,000
Change: +67% · Conversion: Difficult
MEDICAL BUILDING
$17,680,000
Change: +64% · Conversion: Moderate
RETAIL STORES
$14,000,000
Change: +30% · Conversion: Difficult
COMMERCIAL (GENERAL)
$12,020,000
Change: +11% · Conversion: Moderate
Blend value · Realmo final
$11.85M
Range $10.66M – $13.03M · ±10% · vs last sale $14.10M (Feb 16 2022)
Last sale anchor
$14.10M
Feb 16 2022
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
$305 / 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
$187,422
Tax year 2024
Assessed value
$14,681,900
Assessed 2024
Previous assessed
$14,681,900
+0.0% YoY
Effective rate
1.28%
On assessed value
Assessed land
$6,346,440
Assessed improvement
$8,335,460
Applied tax rate
13.0000
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
1973
Construction
WOOD
Heating
NONE
Cooling
YES
Units
46
Bathrooms
46
Total area
38,895 SF
Lot
1.37 ac (59,817 SF)
Zoning code
NOR310000P
APN
8047-003-033
UPID
US09-8593903
Jurisdiction
LOS ANGELES
Metro division
LOS ANGELES-LONG BEACH-GLENDALE, CA METROPOLITAN DIVISION
Zoning & alternative use
NOR310000P · Norwalk, CA
Zoning NOR310000P · permitted uses
NOR310000P · 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
$10.8M
OFFICE BUILDING
Est. value
$18.1M
AUTO REPAIR, GARAGE
Est. value
$18.0M
MEDICAL BUILDING
Est. value
$17.7M
RETAIL STORES
Est. value
$14.0M
COMMERCIAL (GENERAL)
Est. value
$12.0M
APARTMENT HOUSE (5+ UNITS) Current
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
1973
Construction
WOOD
Heating
NONE
Cooling
Yes
Units
46
Bathrooms
46
Lot
1.37 ac
Current owner
From public records · entity-resolved
Imperial Place Apartments LLC
Entity
Mailing address
PO BOX 58283, LOS ANGELES, CA 90058-0283
Ownership since
2022
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
3 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Feb 16, 2022
$14,100,000
Imperial Place Apartments LLC
Norwalk Investment Company Ltd
Grant Deed
$10,045,000 · Bbcn Bank
Aug 18, 2006
—
Norwalk Investment Co Ltd
Leasing Concepts INC
Quit Claim Deed
related
—
Oct 27, 1972
—
—
—
Grant Deed
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.
Try Rey
Ask anything about this address in plain English.
“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
You own 12038 Imperial Hwy?
List it free. Reach 20,000 daily buyers.
We’ve already pulled the facts. Confirm photos + price and you’re live in 2 minutes.
List this address →
Full reports are paid
Unlock the full Property Analytics report
Start free for 7 days — no card required. Full owner contacts, all 4 valuations with methodology, refine flow, comparable adjustments, foot-traffic deep dive, export to PDF / CSV.
