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Property profile & analytics
OFF-MARKET
Estimated value
$6,610,000
Apartment buildings
1218 Pne St South Pasadena, CA 91030-4320
Entity Owned
Absentee Owner
~
Est. High Equity
Property ID
US09-8465126
Property profile
Verified
Property type
Apartment buildings
Use group
APARTMENT HOUSE (5+ UNITS)
Year built
1967
Construction
WOOD
Total area
20,447 SF
Lot
0.39 ac (17,136 SF)
Zoning code
SPR310000*
APN
5319-021-011
UPID
US09-8465126
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
$5.06M
Comparable Approach
Comparable
$8.58M
Blend (final)
Blend
$6.61M
Owner & transaction history
1218 Pine Estate LLC
1218 Pine Estate LLC
since 2025
Last sale
$6.4M
5 recorded transactions
Zoning & alternative use
SPR310000* · South Pasadena, CA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Auto repair, garage
$9.5M
+50.9%
Medical building
$9.3M
+48.3%
Office building
$9.2M
+46.3%
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 South Pasadena submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs South Pasadena 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%
$5,485,000
6.5%
$5,060,000
7%
$4,700,000
Alternative Use
Use
Estimation
APARTMENT HOUSE (5+ UNITS)
$6,265,000
Current use
AUTO REPAIR, GARAGE
$9,460,000
Change: +51% · Conversion: Difficult
MEDICAL BUILDING
$9,295,000
Change: +48% · Conversion: Moderate
OFFICE BUILDING
$9,170,000
Change: +46% · Conversion: Moderate
RETAIL STORES
$7,835,000
Change: +25% · Conversion: Difficult
COMMERCIAL (GENERAL)
$6,320,000
Change: +1% · Conversion: Moderate
Blend value · Realmo final
$6.61M
Range $5.95M – $7.27M · ±10% · vs last sale $6.40M (Dec 12 2025)
Last sale anchor
$6.40M
Dec 12 2025
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
$323 / 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
$96,284
Tax year 2024
Assessed value
$7,803,000
Assessed 2024
Previous assessed
$7,803,000
+0.0% YoY
Effective rate
1.23%
On assessed value
Assessed land
$2,346,000
Assessed improvement
$5,457,000
Applied tax rate
9.0000
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
1967
Construction
WOOD
Heating
NONE
Cooling
CENTRAL
Units
17
Bathrooms
33
Total area
20,447 SF
Lot
0.39 ac (17,136 SF)
Zoning code
SPR310000*
APN
5319-021-011
UPID
US09-8465126
Jurisdiction
LOS ANGELES
Metro division
LOS ANGELES-LONG BEACH-GLENDALE, CA METROPOLITAN DIVISION
Zoning & alternative use
SPR310000* · South Pasadena, CA
Zoning SPR310000* · permitted uses
SPR310000* · South Pasadena, CA
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
South Pasadena. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
APARTMENT HOUSE (5+ UNITS) Current
Est. value
$6.3M
AUTO REPAIR, GARAGE
Est. value
$9.5M
MEDICAL BUILDING
Est. value
$9.3M
OFFICE BUILDING
Est. value
$9.2M
RETAIL STORES
Est. value
$7.8M
COMMERCIAL (GENERAL)
Est. value
$6.3M
APARTMENT HOUSE (5+ UNITS) Current
AUTO REPAIR, GARAGE
MEDICAL BUILDING
OFFICE 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
1967
Construction
WOOD
Heating
NONE
Cooling
Yes
Units
17
Bathrooms
33
Lot
0.39 ac
Current owner
From public records · entity-resolved
1218 Pine Estate LLC
Entity
Mailing address
175 S LK AVE UNIT #208, PASADENA, CA 91101-4923
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2025
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
5 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Dec 12, 2025
$6,400,000
1218 Pine Estate LLC
Paul Dejoseph & Catherine Joy Cary
Grant Deed
$3,960,000 · Jpmorgan Chase Bank NA
Dec 9, 2019
—
Dejoseph,p Livin Trust
Dejoseph P & C J C L/tr
Quit Claim Deed
related
—
Nov 13, 2019
—
Dejoseph,p Livin Trust
Paul De Jospeh
Affidavit Of Death
related
—
Dec 28, 1994
—
Dejoseph Paul
Dejoseph,p
Quit Claim Deed
related
—
Apr 15, 1966
—
—
—
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.
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