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Property profile & analytics
OFF-MARKET
Estimated value
$2,790,000
Apartment buildings
13802 Cerise Ave Hawthorne, CA 90250-8750
Entity Owned
11-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US09-6556418
Property profile
Verified
Property type
Apartment buildings
Use group
APARTMENT HOUSE (5+ UNITS)
Year built
1986
Construction
WOOD
Total area
16,330 SF
Lot
0.45 ac (19,521 SF)
Zoning code
HAR3*
APN
4052-006-024
UPID
US09-6556418
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
-
Cerise Apartments Apartment Building
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$2.79M
Owner & transaction history
13802 Cerise Ave LLC · 11 yrs held
13802 Cerise Ave LLC
since 2014
7 recorded transactions
Zoning & alternative use
HAR3* · Hawthorne, 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 Hawthorne submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Hawthorne 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%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
APARTMENT HOUSE (5+ UNITS)
$4,065,000
Current use
Blend value · Realmo final
$2.79M
Range $2.51M – $3.07M · ±10%
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
$171 / 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
$47,695
Tax year 2024
Assessed value
$3,476,951
Assessed 2024
Previous assessed
$3,476,951
+0.0% YoY
Effective rate
1.37%
On assessed value
Assessed land
$2,575,524
Assessed improvement
$901,427
Applied tax rate
4.0000
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
1986
Construction
WOOD
Heating
NONE
Units
24
Bathrooms
24
Total area
16,330 SF
Lot
0.45 ac (19,521 SF)
Zoning code
HAR3*
APN
4052-006-024
UPID
US09-6556418
Jurisdiction
LOS ANGELES
Metro division
LOS ANGELES-LONG BEACH-GLENDALE, CA METROPOLITAN DIVISION
Zoning & alternative use
HAR3* · Hawthorne, CA
Zoning HAR3* · permitted uses
HAR3* · Hawthorne, CA
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Hawthorne. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
APARTMENT HOUSE (5+ UNITS) Current
Est. value
$4.1M
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
1986
Construction
WOOD
Heating
NONE
Units
24
Bathrooms
24
Lot
0.45 ac
Current owner
From public records · entity-resolved
13802 Cerise Ave LLC
Entity
Mailing address
6476 W 81ST ST, LOS ANGELES, CA 90045-2879
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2014
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
17 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
May 1, 2020
—
13802 Cerise Ave LLC
—
Deed
related
$3,510,000 · Jpmorgan Chase Bank NA
Dec 31, 2014
—
13802 Cerise Ave LLC
Malkanthi Wedage
Grant Deed
$2,418,750 · Opus Bank
Sep 2, 2011
—
13802 Cerise Ave LLC
Wedage M Living Trust
Quit Claim Deed
related
—
May 27, 2008
$2,700,000
Wedage Malkanthi Living Trust
Cerise 13802 LLC
Grant Deed
$1,890,000 · United Commercial Bank
Mar 7, 2008
$965,000
Cerise 13802 LLC
Wedage Malcanthi Trust
Grant Deed
—
Jan 30, 2008
—
Eller Donald H Living Trust
Eller,donald H
Quit Claim Deed
—
Sep 30, 2005
—
Wedage Malkanthi Trust
Wedage,malkanthi
Quit Claim Deed
related
—
Aug 20, 2004
$35,000
Malkanthi Wedage
Markalande,agbo T
Grant Deed
related
—
Aug 20, 2004
$300,000
Donald H Eller
Makalande,agbo T
Grant Deed
related
—
Jul 31, 1998
—
Agbo T Markalande
Markalande,d
Quit Claim Deed
related
—
Jul 31, 1998
$171,000
Markalande,agbo T
Grueskin,ronald J
Trustees Deed
related
$46,000 · Seller
Sep 24, 1993
—
James H Grueskin
Coast Federal Ba
Grant Deed
$722,500 · Coast Federal Bank
Aug 20, 1993
$900,000
Coast Federal Bank
Mdh Inv Fund 587
Trustees Deed
related
—
Jan 29, 1988
$1,500,000
Mdh Inv Fund 587
Marpe
Grant Deed
related
$1,100,000 · Coast Federal Bank
—
—
Agbo T Markalande
—
Deed Of Trust
related
—
—
—
Agbo T Markalande
—
Deed Of Trust
related
$650,000 · Donald H Eller
—
—
Agdo T Markalande
—
Deed Of Trust
related
$500,000 · Donald H Eller
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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