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Property profile & analytics
OFF-MARKET
Estimated value
$665,000
Apartment buildings
124 Ave Q7 Palmdale, CA 93550-4562
Individually Owned
3-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US09-8682082
Property profile
Verified
Property type
Apartment buildings
Use group
APARTMENT HOUSE (5+ UNITS)
Year built
1968
Construction
WOOD
Total area
5,769 SF
Lot
0.16 ac (6,946 SF)
Zoning code
PDR3*
APN
3008-023-014
UPID
US09-8682082
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
$515k
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$665k
Owner & transaction history
Gerardo J Montejano · 3 yrs held
Gerardo J Montejano
since 2022
Last sale
$665,500
7 recorded transactions
Zoning & alternative use
PDR3* · 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
Method
Estimation
Statistic approach
$550,000
ML approach
$515,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
APARTMENT HOUSE (5+ UNITS)
$770,000
Current use
Blend value · Realmo final
$665k
Range $599k – $732k · ±10% · vs last sale $666k (Jul 26 2022)
Last sale anchor
$666k
Jul 26 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
$115 / 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
$12,953
Tax year 2024
Assessed value
$729,617
Assessed 2024
Previous assessed
$729,617
+0.0% YoY
Effective rate
1.78%
On assessed value
Assessed land
$109,363
Assessed improvement
$620,254
Applied tax rate
17.0000
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
1968
Construction
WOOD
Heating
NONE
Units
6
Bathrooms
6
Total area
5,769 SF
Lot
0.16 ac (6,946 SF)
Zoning code
PDR3*
APN
3008-023-014
UPID
US09-8682082
Jurisdiction
LOS ANGELES
Metro division
LOS ANGELES-LONG BEACH-GLENDALE, CA METROPOLITAN DIVISION
Zoning & alternative use
PDR3* · Palmdale, CA
Zoning PDR3* · permitted uses
PDR3* · 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.
Alternative use value scenarios
Repositioning upside vs current use
APARTMENT HOUSE (5+ UNITS) Current
Est. value
$770,000
APARTMENT HOUSE (5+ UNITS) Current
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
1968
Construction
WOOD
Heating
NONE
Units
6
Bathrooms
6
Lot
0.16 ac
Current owner
From public records · entity-resolved
Gerardo J Montejano
Individual
Mailing address
10040 MATTOCK AVE, DOWNEY, CA 90240-3529
Mailing matches property
Different — outreach signal
Owner-occupied
No
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
18 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jul 26, 2022
—
Gerardo J Montejano
Gerardo J Montejano
Intrafamily Transfer
related
$420,000 · Farmers & Merchants Bank Of Long Be
May 14, 2019
—
Degollado City Life Trust
Montejano,gerardo J
Quit Claim Deed
related
—
Aug 3, 2018
$665,500
Gerardo J Montejane
Guzman,david
Grant Deed
$399,300 · Zeolla Marble Co INC
Oct 20, 2004
—
David Guzman
Gaitan,maria A
Grant Deed
related
$320,950 · Washington Mutual Fsb
Apr 10, 2003
—
David Guzman
Martinez,carlos R
Grant Deed
related
—
Aug 7, 2002
—
Carlos R Martinez
Martinez,c R
Quit Claim Deed
related
—
Jul 11, 2000
$139,500
Martinez,carlos R
Aldrich Trust
Trustees Deed
$104,250 · Golden Security Bank
Jul 11, 2000
—
Aldrich,john Trustee
Aldrich W M Trustee,
Quit Claim Deed
related
—
Mar 3, 1998
—
Aldrich,john Trustee
Aldrich,w M
Quit Claim Deed
related
—
Mar 5, 1996
—
Aldrich,john Trustee
Aldrich,j D
Quit Claim Deed
related
—
Dec 6, 1994
—
Aldrich,wilma M Trustee
Aldrich,w M
Quit Claim Deed
related
—
Jun 29, 1994
$14,800
John D Aldrich
Lombardo,vincent
Trustees Deed
—
Jan 12, 1994
—
Bryan K Mah
Barlow,d
Quit Claim Deed
related
—
Nov 17, 1993
—
Danielle Barlow
Freem,
Grant Deed
related
—
Mar 5, 1993
—
Robert W Freeman
Lombardo,vincent
Grant Deed
related
—
Sep 11, 1989
—
Aldri 0418365 04
Web
Quit Claim Deed
related
—
Sep 11, 1989
$255,000
Lombardo Vincent
Aldrich John D&w
Trustees Deed
$190,000 · Aldrich John D&w
—
—
Aldrich Trust
—
Deed Of Trust
related
$20,000 · Aldrich Trust
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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