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Property profile & analytics
OFF-MARKET
Estimated value
$2,290,000
Apartment buildings
13903 Arthur Ave Paramount, CA 90723-2205
Individually Owned
5-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US10-0081481
Property profile
Verified
Property type
Apartment buildings
Use group
APARTMENT HOUSE (5+ UNITS)
Year built
1963
Construction
WOOD
Total area
7,344 SF
Lot
0.37 ac (16,300 SF)
Zoning code
PARM*
APN
6242-023-004
UPID
US10-0081481
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
$2.35M
CAP Approach
CAP
$1.82M
Comparable Approach
Comparable
$2.39M
Blend (final)
Blend
$2.29M
Owner & transaction history
Ramesh Patel · 5 yrs held
Ramesh Patel
since 2020
Last sale
$2.2M
6 recorded transactions
Zoning & alternative use
PARM* · Paramount, CA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Auto repair, garage
$3.4M
+110.2%
Medical building
$3.3M
+106.5%
Office building
$3.3M
+103.8%
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 Paramount submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Paramount 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
$2,260,000
ML approach
$2,345,000
CAP Approach
CAP Return
Estimation
6%
$1,970,000
6.5%
$1,820,000
7%
$1,690,000
Alternative Use
Use
Estimation
APARTMENT HOUSE (5+ UNITS)
$1,615,000
Current use
AUTO REPAIR, GARAGE
$3,395,000
Change: +110% · Conversion: Difficult
MEDICAL BUILDING
$3,340,000
Change: +107% · Conversion: Moderate
OFFICE BUILDING
$3,295,000
Change: +104% · Conversion: Moderate
RETAIL STORES
$2,815,000
Change: +74% · Conversion: Difficult
COMMERCIAL (GENERAL)
$2,270,000
Change: +40% · Conversion: Moderate
Blend value · Realmo final
$2.29M
Range $2.06M – $2.52M · ±10% · vs last sale $2.23M (Oct 14 2020)
Last sale anchor
$2.23M
Oct 14 2020
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
$312 / 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
$31,073
Tax year 2024
Assessed value
$2,361,187
Assessed 2024
Previous assessed
$2,361,187
+0.0% YoY
Effective rate
1.32%
On assessed value
Assessed land
$944,475
Assessed improvement
$1,416,712
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
Year built
1963
Construction
WOOD
Heating
FLOOR/WALL FURNACE
Buildings
5
Units
8
Bathrooms
8
Total area
7,344 SF
Lot
0.37 ac (16,300 SF)
Zoning code
PARM*
APN
6242-023-004
UPID
US10-0081481
Jurisdiction
LOS ANGELES
Metro division
LOS ANGELES-LONG BEACH-GLENDALE, CA METROPOLITAN DIVISION
Zoning & alternative use
PARM* · Paramount, CA
Zoning PARM* · permitted uses
PARM* · Paramount, CA
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Paramount. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
APARTMENT HOUSE (5+ UNITS) Current
Est. value
$1.6M
AUTO REPAIR, GARAGE
Est. value
$3.4M
MEDICAL BUILDING
Est. value
$3.3M
OFFICE BUILDING
Est. value
$3.3M
RETAIL STORES
Est. value
$2.8M
COMMERCIAL (GENERAL)
Est. value
$2.3M
APARTMENT HOUSE (5+ UNITS) Current
AUTO REPAIR, GARAGE
MEDICAL BUILDING
OFFICE 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
1963
Construction
WOOD
Heating
FLOOR/WALL FURNACE
Buildings
5
Units
8
Bathrooms
8
Lot
0.37 ac
Current owner
From public records · entity-resolved
Ramesh Patel
Individual
Mailing address
10340 DOLAN AVE, DOWNEY, CA 90241-2614
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2020
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
Oct 14, 2020
$2,225,000
Ramesh Patel
Philippe Brassard
Grant Deed
$1,045,000 · Jpmorgan Chase Bank NA
Jul 31, 2019
—
M G Brassard
—
Deed
related
$1,286,000 · First Foundation Bank
May 10, 2002
$575,000
Brassard Trust
Agustin Trust
Grant Deed
$385,000 · Agustin Trust
Dec 30, 1992
—
Agustin,bella E Tr
—
Deed Of Trust
related
—
—
—
Brassard,tr
—
Deed Of Trust
related
$500,000 · Washington Mutual Fsb
—
—
Brassard M G Living Trust
—
Deed Of Trust
related
$721,000 · Greystone Servicing Corp
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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