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Property profile & analytics
OFF-MARKET
Apartment buildings
1248 Raymond Ave Pasadena, CA 91103-2230
Entity Owned
10-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US09-6336659
Property profile
Verified
Property type
Apartment buildings
Use group
APARTMENT HOUSE (5+ UNITS)
Construction
WOOD
Total area
5,513 SF
Lot
0.3 ac (13,107 SF)
Zoning code
PSR1
APN
5728-001-009
UPID
US09-6336659
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
by Request
Owner & transaction history
1248-1260 Raymond LLC · 10 yrs held
1248-1260 Raymond LLC
since 2016
7 recorded transactions
Zoning & alternative use
PSR1 · Pasadena, 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 Pasadena submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs 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
CAP Approach
Comparable Approach
Alternative Use
Get a detailed, property-specific estimation — fast and free
Price per SF
Sale + rent benchmarks
Subject property
—
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
$22,127
Tax year 2024
Assessed value
$1,856,931
Assessed 2024
Previous assessed
$1,856,931
+0.0% YoY
Effective rate
1.19%
On assessed value
Assessed land
$1,044,524
Assessed improvement
$812,407
Applied tax rate
7.0000
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
Construction
WOOD
Heating
NONE
Cooling
YES
Buildings
2
Units
7
Bathrooms
7
Total area
5,513 SF
Lot
0.3 ac (13,107 SF)
Zoning code
PSR1
APN
5728-001-009
UPID
US09-6336659
Jurisdiction
LOS ANGELES
Metro division
LOS ANGELES-LONG BEACH-GLENDALE, CA METROPOLITAN DIVISION
Zoning & alternative use
PSR1 · Pasadena, CA
Zoning PSR1 · permitted uses
PSR1 · Pasadena, CA
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Pasadena. Always verify with local authorities before improvements.
Building & site characteristics
From public records
Construction
WOOD
Heating
NONE
Cooling
Yes
Buildings
2
Units
7
Bathrooms
7
Lot
0.3 ac
Current owner
From public records · entity-resolved
1248-1260 Raymond LLC
Entity
Mailing address
14880 VLY VIS BLVD, SHERMAN OAKS, CA 91403-4116
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2016
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
16 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Apr 7, 2020
—
1248-1260 Raymond LLC
—
Deed
related
$1,500,000 · Jp Morgan Chase Bk
Mar 9, 2016
$1,600,000
1248-1260 Raymond LLC
1248 Raymond LLC
Grant Deed
$955,000 · Jpmorgan Chase Bank NA
May 2, 2007
$1,095,000
1248 Raymond LLC
Philippe Canon
Grant Deed
$765,000 · Washington Mutual Bank
Mar 30, 2006
—
Canon Family Trust
Canon,philippe
Quit Claim Deed
related
—
Dec 6, 2005
—
Philippe Canon
Canon,philippe
Quit Claim Deed
related
—
Mar 26, 2004
—
Philippe Canon
Canon,kim M
Quit Claim Deed
related
—
Mar 26, 2004
$600,000
Philippe Canon
Cortez,carolina
Grant Deed
$505,000 · Karol J Gelbard
Feb 25, 2004
—
Carolina Cortez
Hernandez,arturo
Grant Deed
related
—
Sep 6, 2002
—
Arturo Hernandez
Velas
Grant Deed
related
—
Oct 5, 1999
—
Blanca R Velasquez
Becerra,a
Grant Deed
related
—
Aug 14, 1998
$330,000
Angel Becerra
Rodriguez,pedro
Grant Deed
$315,989 · North American Mortgage
Sep 26, 1997
$195,000
Pedro Rodriguez
Fidelity Federal Bank
Grant Deed
$56,000 · Mcalister Investments INC
Jul 1, 1997
$129,500
Fidelity Federal Bank
Garcia,fermin & Gabriela
Trustees Deed
related
—
—
—
Philippe Canon
—
Deed Of Trust
related
$804,000 · East West Bank
—
—
1248-1260 Raymond LLC
—
Deed Of Trust
related
$1,500,000 · Jp Morgan Chase Bk
—
—
Fermin Garcia
—
Deed Of Trust
related
$295,900 · Fidelity Federal Bank
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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