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Property profile & analytics
OFF-MARKET
Apartment buildings
1416 Gerhart Ave, Commerce, CA 90022-4228
Individually Owned
6-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US09-7043252
Property profile
Verified
Property type
Apartment buildings
Use group
APARTMENT HOUSE (5+ UNITS)
Year built
1945
Construction
WOOD
Total area
2,120 SF
Lot
0.11 ac (4,890 SF)
Zoning code
CMM1*
APN
6338-034-005
UPID
US09-7043252
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
Jose C Cornejo · 6 yrs held
Jose C Cornejo
since 2019
7 recorded transactions
Zoning & alternative use
CMM1* · Commerce, 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 Commerce submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Commerce 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
$7,895
Tax year 2024
Assessed value
$553,722
Assessed 2024
Previous assessed
$553,722
+0.0% YoY
Effective rate
1.43%
On assessed value
Assessed land
$470,026
Assessed improvement
$83,696
Applied tax rate
6.0000
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
1945
Construction
WOOD
Heating
NONE
Cooling
YES
Units
5
Total area
2,120 SF
Lot
0.11 ac (4,890 SF)
Zoning code
CMM1*
APN
6338-034-005
UPID
US09-7043252
Jurisdiction
LOS ANGELES
Metro division
LOS ANGELES-LONG BEACH-GLENDALE, CA METROPOLITAN DIVISION
Zoning & alternative use
CMM1* · Commerce, CA
Zoning CMM1* · permitted uses
CMM1* · Commerce, CA
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Commerce. Always verify with local authorities before improvements.
Building & site characteristics
From public records
Year built
1945
Construction
WOOD
Heating
NONE
Cooling
Yes
Units
5
Lot
0.11 ac
Current owner
From public records · entity-resolved
Jose C Cornejo
Individual
Mailing address
1444 E MTN ST, GLENDALE, CA 91207-1224
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2019
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
15 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Aug 30, 2019
—
Jose C Cornejo
Jose C Cornejo
Intrafamily Transfer
related
$650,000 · East West Bank
Oct 31, 2014
—
Cornejo,jose & Nelly Trust
Cornejo,jose C & Nelly
Quit Claim Deed
related
—
Feb 11, 2008
$45,000
Jose C Cornejo
L A Tulare LLC
Grant Deed
$35,650 · La Tulare LLC
Sep 11, 2007
$170,000
La Tulare LLC
Dora Land
Grant Deed
—
Dec 6, 2005
—
John N Lanspa
Lanspa,j
Quit Claim Deed
related
$668,500 · East West Bank
Dec 31, 2002
$1,000
J Lanspa
Nelson,robert A & Jaime A
Grant Deed
related
—
Jan 9, 2001
$25,000
Robert A Nelson
Miltee INC
Grant Deed
—
Jul 21, 1997
$1,000
Miltee INC
Meetmore INC
Grant Deed
related
—
Jul 18, 1997
$226,995
Metor Finance
Arreola,severo & Mirna
Trustees Deed
related
—
Nov 19, 1991
$213,500
Foothill Exchang
Escobedo,filiber
Trustees Deed
related
—
—
—
Severo Arreola
—
Deed Of Trust
related
$153,400 · Individual
—
—
Miltee INC
—
Deed Of Trust
related
$395,000 · Metor Finance
—
—
Severo Arreola
—
Deed Of Trust
related
$24,200 · Individual
—
—
Dora Land
—
Deed Of Trust
related
$55,000 · Metor Finance
—
—
Severo Arreola
—
Deed Of Trust
related
$80,000 · Individual
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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