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Property profile & analytics
OFF-MARKET
Estimated value
$7,305,000
Apartment buildings
14717 Pioneer Blvd, Norwalk, CA 90650-5828
Entity Owned
8-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US09-7368426
Property profile
Verified
Property type
Apartment buildings
Use group
APARTMENT HOUSE (5+ UNITS)
Year built
1963
Construction
WOOD
Total area
41,080 SF
Lot
2.53 ac (110,198 SF)
Zoning code
NOR3*
APN
8074-024-006
UPID
US09-7368426
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
-
Villa Hermosa Apartment Building
-
Villa Hermosa Apartment Homes Apartment Building
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$10.13M
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$7.31M
Owner & transaction history
Mahdek 11 Property Parnters LLC · 8 yrs held
Mahdek 11 Property Parnters LLC
since 2017
7 recorded transactions
Zoning & alternative use
NOR3* · Norwalk, 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 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
by Request
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
$10,965,000
6.5%
$10,125,000
7%
$9,400,000
Alternative Use
Use
Estimation
APARTMENT HOUSE (5+ UNITS)
$11,400,000
Current use
Blend value · Realmo final
$7.31M
Range $6.57M – $8.04M · ±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
$178 / 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
$293,520
Tax year 2024
Assessed value
$22,624,258
Assessed 2024
Previous assessed
$22,624,258
+0.0% YoY
Effective rate
1.30%
On assessed value
Assessed land
$12,270,708
Assessed improvement
$10,353,550
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
1963
Construction
WOOD
Heating
NONE
Buildings
5
Units
63
Bathrooms
63
Total area
41,080 SF
Lot
2.53 ac (110,198 SF)
Zoning code
NOR3*
APN
8074-024-006
UPID
US09-7368426
Jurisdiction
LOS ANGELES
Metro division
LOS ANGELES-LONG BEACH-GLENDALE, CA METROPOLITAN DIVISION
Zoning & alternative use
NOR3* · Norwalk, CA
Zoning NOR3* · permitted uses
NOR3* · 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
$11.4M
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
1963
Construction
WOOD
Heating
NONE
Buildings
5
Units
63
Bathrooms
63
Lot
2.53 ac
Current owner
From public records · entity-resolved
Mahdek 11 Property Parnters LLC
Entity
Mailing address
1635 OHMS WAYA, COSTA MESA, CA 92627-4328
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2017
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
21 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Nov 24, 2020
—
Mahdek 11 Property Partners LLC
—
Deed
related
$12,150,000 · Jpmorgan Chase Bank NA
Oct 12, 2017
$8,076,000
Mahdek 11 Property Parnters LLC
5c Savanna LLC
Grant Deed
—
Jun 5, 2017
$6,706,000
5c Savanna LLC
Ninth Street Properties LLC
Grant Deed
—
Jan 27, 2016
$17,070,000
Ninth Street Properties LLC
Pi Pioneer Boulevard LLC
Grant Deed
$11,949,000 · Jpmorgan Chase Bank NA
Nov 15, 2012
$11,675,000
Pi Pioneer Boulevard LLC
Hawaii 11 LP
Grant Deed
$8,435,000 · Jpmorgan Chase Bank NA
Dec 23, 2011
$1,549,000
Hawaii 11 LP
339 LLC
Grant Deed
$1,300,000 · * Other Institutional Lenders
Dec 12, 2006
—
339 LLC
Ko,herman & Lingoi
Grant Deed
—
Sep 22, 2006
—
339 LLC
339 LLC
Grant Deed
related
$9,075,000 · Washington Mutual Bank
Apr 24, 2006
—
339 LLC
Ko,fiona
Grant Deed
—
Jan 27, 2006
—
Fiona Ko
5322 Lexington Partners LLC
Grant Deed
$7,200,000 · Preferred Bank
Mar 29, 2005
$10,750,000
5322 Lexington Partners LLC
Pioneer Group LLC
Grant Deed
$8,600,000 · First Regional Bank
May 27, 1999
$3,814,545
Pioneer,grp
Takahashi,w H
Trustees Deed
—
Apr 1, 1994
$2,700,000
Takahashi,william H
State Street Ban
Trustees Deed
$2,025,000 · Fidelity Federal Bank
Apr 1, 1994
—
William H Takahashi
Takahashi,m L
Quit Claim Deed
related
—
Nov 4, 1993
—
Joseph E Logan
Logan,j E&s K Tr
Quit Claim Deed
related
—
Oct 6, 1989
$5,000,000
Earnest Logan&
Pledged To Progr
Trustees Deed
$4,350,000 · Columbia Savings & Loan
Oct 6, 1989
—
Nasch Invs
Nasch
Quit Claim Deed
related
—
Oct 6, 1989
$800,000
Pledged To Progr
Nasch Invs
Trustees Deed
related
—
—
—
Pioneer Group LLC
—
Deed Of Trust
related
$6,740,000 · Affinity Bank
—
—
Pioneer Group LLC
—
Deed Of Trust
related
$5,000,000 · Affinity Bank
—
—
Pioneer Group LLC
—
Deed Of Trust
related
$2,861,250 · Universal 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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