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Property profile & analytics
OFF-MARKET
Estimated value
$13,985,000
Apartment buildings
14829 Mulberry Dr Whittier, CA 90604-4600
Entity Owned
1-yr Hold
~
Est. High Equity
Property ID
US09-8569960
Property profile
Verified
Property type
Apartment buildings
Use group
APARTMENT HOUSE (5+ UNITS)
Year built
1986
Construction
WOOD
Total area
52,231 SF
Lot
1.85 ac (80,510 SF)
Zoning code
LCCM*
APN
8226-022-040
UPID
US09-8569960
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
-
Mulberry Terrace Apartments Apartment Building Apartment Complex
-
Mullberry Terrace Apartment Complex
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$8.97M
CAP Approach
CAP
$12.93M
Comparable Approach
Comparable
$18.09M
Blend (final)
Blend
$13.99M
Owner & transaction history
New Century Property 8 LLC · 1 yrs held
New Century Property 8 LLC
since 2024
7 recorded transactions
Zoning & alternative use
LCCM* · Whittier, CA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Auto repair, garage
$20.4M
+57.8%
Neighborhood: shopping center
$18.9M
+46.5%
Office building
$16.1M
+24.3%
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 Whittier submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Whittier 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
$15,950,000
ML approach
$8,965,000
CAP Approach
CAP Return
Estimation
6%
$14,005,000
6.5%
$12,930,000
7%
$12,005,000
Alternative Use
Use
Estimation
APARTMENT HOUSE (5+ UNITS)
$12,915,000
Current use
AUTO REPAIR, GARAGE
$20,390,000
Change: +58% · Conversion: Difficult
NEIGHBORHOOD: SHOPPING CENTER
$18,925,000
Change: +47% · Conversion: Difficult
OFFICE BUILDING
$16,060,000
Change: +24% · Conversion: Moderate
RETAIL STORES
$15,295,000
Change: +18% · Conversion: Difficult
WAREHOUSE, STORAGE
$14,630,000
Change: +13% · Conversion: Difficult
Blend value · Realmo final
$13.99M
Range $12.59M – $15.38M · ±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
$268 / 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
$222,117
Tax year 2024
Assessed value
$17,976,210
Assessed 2024
Previous assessed
$17,976,210
+0.0% YoY
Effective rate
1.24%
On assessed value
Assessed land
$3,641,400
Assessed improvement
$14,334,810
Applied tax rate
14.0000
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
Cooling
CENTRAL
Units
64
Bathrooms
86
Total area
52,231 SF
Lot
1.85 ac (80,510 SF)
Zoning code
LCCM*
APN
8226-022-040
UPID
US09-8569960
Jurisdiction
LOS ANGELES
Metro division
LOS ANGELES-LONG BEACH-GLENDALE, CA METROPOLITAN DIVISION
Zoning & alternative use
LCCM* · Whittier, CA
Zoning LCCM* · permitted uses
LCCM* · Whittier, CA
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Whittier. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
APARTMENT HOUSE (5+ UNITS) Current
Est. value
$12.9M
AUTO REPAIR, GARAGE
Est. value
$20.4M
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$18.9M
OFFICE BUILDING
Est. value
$16.1M
RETAIL STORES
Est. value
$15.3M
WAREHOUSE, STORAGE
Est. value
$14.6M
APARTMENT HOUSE (5+ UNITS) Current
AUTO REPAIR, GARAGE
NEIGHBORHOOD: SHOPPING CENTER
OFFICE BUILDING
RETAIL STORES
WAREHOUSE, STORAGE
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
Cooling
Yes
Units
64
Bathrooms
86
Lot
1.85 ac
Current owner
From public records · entity-resolved
New Century Property 8 LLC
Entity
Mailing address
19 N SEA ISLE DR, LONG BEACH, CA 90803-4042
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
2024
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
9 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Dec 18, 2024
—
New Century Property 8 LLC
Nady Z Hebish
Grant Deed
—
Dec 15, 2021
$17,500,000
Nady Z Hebish
Gale Denise Hausmann
Grant Deed
—
Dec 20, 2018
—
Sibling,snodgrass Trust
Snodgrass Family Trust
Quit Claim Deed
related
—
Aug 4, 2015
—
Snodgrass Sibling Trust
Gale Denise Hausmann
Intrafamily Transfer
related
$1,950,000 · Jpmorgan Chase Bank NA
Mar 20, 2014
—
Snodgrass Family Trust
Snodgrass,james P JR
Affidavit Of Death
—
Feb 8, 2006
—
James P Snodgrass JR.
Snodgrass Family Trust
Quit Claim Deed
related
—
Jul 26, 2004
—
Snodgrass,tr
Hausmann,gale D
Quit Claim Deed
related
—
May 26, 2004
—
James P Snodgrass
Snodgrass,tr
Quit Claim Deed
related
—
Apr 23, 2002
—
Emigh,wayne D & Glenda L Tr
Shamrock Properties
Quit Claim Deed
related
—
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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