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Property profile & analytics
OFF-MARKET
Estimated value
$7,690,000
Apartment buildings
12705 Kalnor Ave Norwalk, CA 90650-3070
Individually Owned
3-yr Hold
~
Est. High Equity
Property ID
US09-8593902
Property profile
Verified
Property type
Apartment buildings
Use group
APARTMENT HOUSE (5+ UNITS)
Year built
1964
Construction
WOOD
Total area
20,623 SF
Lot
0.69 ac (30,156 SF)
Zoning code
NOR3YY
APN
8047-003-031
UPID
US09-8593902
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
-
Richmont II Apartment Building
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$8.14M
CAP Approach
CAP
$5.08M
Comparable Approach
Comparable
$7.52M
Blend (final)
Blend
$7.69M
Owner & transaction history
Jose Luis Arevalo SR. · 3 yrs held
Jose Luis Arevalo SR.
since 2023
Last sale
$7.3M
6 recorded transactions
Zoning & alternative use
NOR3YY · Norwalk, CA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Neighborhood: shopping center
$12.6M
+119.3%
Office building
$9.6M
+67.6%
Auto repair, garage
$9.5M
+66.7%
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
$8,180,000
ML approach
$8,135,000
CAP Approach
CAP Return
Estimation
6%
$5,505,000
6.5%
$5,080,000
7%
$4,720,000
Alternative Use
Use
Estimation
APARTMENT HOUSE (5+ UNITS)
$5,725,000
Current use
NEIGHBORHOOD: SHOPPING CENTER
$12,550,000
Change: +119% · Conversion: Difficult
OFFICE BUILDING
$9,590,000
Change: +68% · Conversion: Moderate
AUTO REPAIR, GARAGE
$9,540,000
Change: +67% · Conversion: Difficult
MEDICAL BUILDING
$9,375,000
Change: +64% · Conversion: Moderate
RETAIL STORES
$7,425,000
Change: +30% · Conversion: Difficult
COMMERCIAL (GENERAL)
$6,370,000
Change: +11% · Conversion: Moderate
Blend value · Realmo final
$7.69M
Range $6.92M – $8.46M · ±10% · vs last sale $7.30M (May 26 2023)
Last sale anchor
$7.30M
May 26 2023
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
$373 / 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
$97,452
Tax year 2024
Assessed value
$7,446,000
Assessed 2024
Previous assessed
$7,446,000
+0.0% YoY
Effective rate
1.31%
On assessed value
Assessed land
$3,468,000
Assessed improvement
$3,978,000
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
1964
Construction
WOOD
Heating
NONE
Units
28
Bathrooms
31
Total area
20,623 SF
Lot
0.69 ac (30,156 SF)
Zoning code
NOR3YY
APN
8047-003-031
UPID
US09-8593902
Jurisdiction
LOS ANGELES
Metro division
LOS ANGELES-LONG BEACH-GLENDALE, CA METROPOLITAN DIVISION
Zoning & alternative use
NOR3YY · Norwalk, CA
Zoning NOR3YY · permitted uses
NOR3YY · 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
$5.7M
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$12.6M
OFFICE BUILDING
Est. value
$9.6M
AUTO REPAIR, GARAGE
Est. value
$9.5M
MEDICAL BUILDING
Est. value
$9.4M
RETAIL STORES
Est. value
$7.4M
COMMERCIAL (GENERAL)
Est. value
$6.4M
APARTMENT HOUSE (5+ UNITS) Current
NEIGHBORHOOD: SHOPPING CENTER
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
1964
Construction
WOOD
Heating
NONE
Units
28
Bathrooms
31
Lot
0.69 ac
Current owner
From public records · entity-resolved
Jose Luis Arevalo SR.
Individual
Mailing address
PO BOX 788, MONTEBELLO, CA 90640-0788
Ownership since
2023
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
6 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
May 26, 2023
$7,300,000
Jose Luis Arevalo SR.
Pi Properties No 124 LLC
Grant Deed
$262,500 · City First Bank NA
Dec 15, 2022
$6,500,000
Pi Properties No 124 LLC
Richmont Corporation
Grant Deed
—
Dec 8, 1994
—
Richmont Corp
Trans-star Corp,
Trustees Deed
related
—
Oct 4, 1989
—
Cheung Yat M
Cheu
Quit Claim Deed
related
—
—
—
Richmont Corp
—
Deed Of Trust
related
$917,000 · Home Savings Of America
—
—
Trans 0181736 02
—
Deed Of Trust
related
$163,000 · Sarman Norwalk B
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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