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Property profile & analytics
OFF-MARKET
Estimated value
$3,560,000
Medical Office Space
1220 Ave S Ave Palmdale, CA 93550-6196
Entity Owned
5-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US09-6496734
Property profile
Verified
Property type
Medical Office Space
Use group
MEDICAL BUILDING
Year built
1968
Construction
WOOD
Total area
24,800 SF
Lot
2.15 ac (93,450 SF)
Zoning code
PDC3*
APN
3053-005-009
UPID
US09-6496734
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
$3.56M
Owner & transaction history
2108 Holdings LLC · 5 yrs held
2108 Holdings LLC
since 2021
7 recorded transactions
Zoning & alternative use
PDC3* · Palmdale, 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 Palmdale submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Palmdale 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
CAP Approach
Comparable Approach
Alternative Use
Get a detailed, property-specific estimation — fast and free
Price per SF
Sale + rent benchmarks
Subject property
$144 / 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
$49,142
Tax year 2024
Assessed value
$1,753,851
Assessed 2024
Previous assessed
$1,753,851
+0.0% YoY
Effective rate
2.80%
On assessed value
Assessed land
$1,007,868
Assessed improvement
$745,983
Applied tax rate
6.0000
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
Medical Office Space
Use group
MEDICAL BUILDING
Status
Off-Market
Year built
1968
Construction
WOOD
Heating
NONE
Cooling
YES
Buildings
2
Stories
1
Units
2
Total area
24,800 SF
Lot
2.15 ac (93,450 SF)
Zoning code
PDC3*
APN
3053-005-009
UPID
US09-6496734
Jurisdiction
LOS ANGELES
Metro division
LOS ANGELES-LONG BEACH-GLENDALE, CA METROPOLITAN DIVISION
Zoning & alternative use
PDC3* · Palmdale, CA
Zoning PDC3* · permitted uses
PDC3* · Palmdale, CA
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Palmdale. Always verify with local authorities before improvements.
Building & site characteristics
From public records
Year built
1968
Construction
WOOD
Heating
NONE
Cooling
Yes
Stories
1
Buildings
2
Units
2
Lot
2.15 ac
Current owner
From public records · entity-resolved
2108 Holdings LLC
Entity
Mailing address
8149 RAVILLER DR, DOWNEY, CA 90240-2753
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
13 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Mar 12, 2021
—
2108 Holdings LLC
Ronald M Ballesteros
Grant Deed
$1,400,000 · Fidelity Bridge Loans LLC
Jul 31, 2019
$1,636,000
Holdings 2108 Trust
Kr Real Estate Syndicate LLC
Grant Deed
—
Jan 16, 2014
$1,200,000
Kr Real Estate Syndicate LLC
Lstar East Avenue Holding Co L
Grant Deed
$840,000 · Bbcn Bk
May 23, 2012
$900,000
Lstar East Avenue Holding Co L
Fidelity National Title Co
Trustees Deed
related
—
Jun 24, 2005
$2,300,000
Bahall Investment LLC
7410 Woodman Avenue LLC
Grant Deed
$1,600,000 · Citibank West Fsb
Jan 23, 2004
$1,890,500
7410 Woodman Avenue LLC
Sunland LP
Grant Deed
$1,323,000 · Affinity Bank
Dec 1, 2000
—
Sunland LP
Schlesinger,arnold
Grant Deed
$787,500 · Jackson Federal Bank
Apr 20, 1993
—
Palmdale Assoc
Schlesinger,arno
Grant Deed
related
—
Apr 28, 1989
—
Rpm Inv
Pal
Grant Deed
related
—
—
—
Arno Schlesinger
—
Deed Of Trust
related
$16,068,000 · First Natl Bk Bo
—
—
Kr Real Estate Syndicate LLC
—
Deed Of Trust
related
$840,000 · Bbu Bank
—
—
Sunland LP
—
Deed Of Trust
related
$129,400 · Wells Fargo Bank
—
—
Arno Schlesinger
—
Deed Of Trust
related
$1,250,000 · North West Life
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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