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Property profile & analytics
OFF-MARKET
Estimated value
$36,035,000
Apartment buildings
13811 Shoemaker Ave Norwalk, CA 90650-4555
Entity Owned
2-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US09-7599560
Property profile
Verified
Property type
Apartment buildings
Use group
APARTMENT HOUSE (5+ UNITS)
Year built
1968
Construction
WOOD
Total area
99,238 SF
Lot
3.49 ac (151,883 SF)
Zoning code
NOR3YY
APN
8046-001-019
UPID
US09-7599560
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
-
Capistrano Gardens Apartments Apartment Complex Apartment Building
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$24.46M
Comparable Approach
Comparable
$36.19M
Blend (final)
Blend
$36.04M
Owner & transaction history
General Enterprise INC · 2 yrs held
General Enterprise INC
since 2023
Last sale
$38.3M
7 recorded transactions
Zoning & alternative use
NOR3YY · Norwalk, CA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Office building
$46.2M
+67.6%
Auto repair, garage
$45.9M
+66.7%
Medical building
$45.1M
+63.8%
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
$42,925,000
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
$26,490,000
6.5%
$24,455,000
7%
$22,710,000
Alternative Use
Use
Estimation
APARTMENT HOUSE (5+ UNITS)
$27,540,000
Current use
OFFICE BUILDING
$46,155,000
Change: +68% · Conversion: Moderate
AUTO REPAIR, GARAGE
$45,900,000
Change: +67% · Conversion: Difficult
MEDICAL BUILDING
$45,110,000
Change: +64% · Conversion: Moderate
RETAIL STORES
$35,720,000
Change: +30% · Conversion: Difficult
COMMERCIAL (GENERAL)
$30,665,000
Change: +11% · Conversion: Moderate
Blend value · Realmo final
$36.04M
Range $32.43M – $39.64M · ±10% · vs last sale $38.30M (Dec 1 2023)
Last sale anchor
$38.30M
Dec 1 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
$363 / 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
$487,505
Tax year 2024
Assessed value
$38,352,801
Assessed 2024
Previous assessed
$38,352,801
+0.0% YoY
Effective rate
1.27%
On assessed value
Assessed land
$11,300,000
Assessed improvement
$27,052,801
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
1968
Construction
WOOD
Heating
NONE
Cooling
CENTRAL
Buildings
2
Units
120
Bathrooms
139
Total area
99,238 SF
Lot
3.49 ac (151,883 SF)
Zoning code
NOR3YY
APN
8046-001-019
UPID
US09-7599560
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
$27.5M
OFFICE BUILDING
Est. value
$46.2M
AUTO REPAIR, GARAGE
Est. value
$45.9M
MEDICAL BUILDING
Est. value
$45.1M
RETAIL STORES
Est. value
$35.7M
COMMERCIAL (GENERAL)
Est. value
$30.7M
APARTMENT HOUSE (5+ UNITS) Current
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
1968
Construction
WOOD
Heating
NONE
Cooling
Yes
Buildings
2
Units
120
Bathrooms
139
Lot
3.49 ac
Current owner
From public records · entity-resolved
General Enterprise INC
Entity
Mailing address
20720 VENTURA BLVD STE #300, WOODLAND HILLS, CA 91364-6266
Mailing matches property
Different — outreach signal
Owner-occupied
No
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
11 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Dec 1, 2023
$38,300,000
General Enterprise INC
Gota Ueshima
Grant Deed
—
Dec 1, 2023
—
Forest Management One LLC
General Enterprise INC
Agreement Of Sale
—
Apr 29, 2016
—
Gota Ueshima
Ueshima,hiroko
Quit Claim Deed
related
—
Apr 29, 2016
$24,500,000
Gota Ueshima
Yoshiteru Kawase
Grant Deed
$15,100,000 · Manufacturers Bank
Dec 26, 2012
$21,000,000
Yoshiteru Kawase
13811 Shoemaker LLC
Grant Deed
—
Jan 31, 2011
$16,000,160
13811 Shoemaker LLC
Cre 12 LLC
Grant Deed
$10,374,000 · Cbre Capital Markets INC
May 6, 2008
—
Cre 12 LLC
Madonna Properties LP
Grant Deed
$14,600,000 · Prudential Mortgage Capital Co LLC
Mar 9, 1994
—
Madonna Properties
Jogani,s J&r S
Grant Deed
related
—
—
—
Madonna Properties LP
—
Deed Of Trust
related
$200,000 · Woodman Realty INC
—
—
Madonna Properties LP
—
Deed Of Trust
related
$85,000 · Farmers & Merchants Bk Lng Bch
—
—
Madonna Properties
—
Deed Of Trust
related
$12,375,000 · First Regional 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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