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Property profile & analytics
OFF-MARKET
Estimated value
$930,000
Apartment buildings
149 Montecito Ave Sierra Madre, CA 91024-1873
Individually Owned
9-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US09-8041562
Property profile
Verified
Property type
Apartment buildings
Use group
APARTMENT HOUSE (5+ UNITS)
Year built
1928
Construction
WOOD
Total area
5,026 SF
Lot
0.27 ac (11,884 SF)
Zoning code
SRR3CC*
APN
5767-021-016
UPID
US09-8041562
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
$1.25M
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$930k
Owner & transaction history
Nerses Yerjanian · 9 yrs held
Nerses Yerjanian
since 2017
7 recorded transactions
Zoning & alternative use
SRR3CC* · Sierra Madre, 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 Sierra Madre submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Sierra Madre 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%
$1,350,000
6.5%
$1,245,000
7%
$1,155,000
Alternative Use
Use
Estimation
APARTMENT HOUSE (5+ UNITS)
$1,325,000
Current use
Blend value · Realmo final
$930k
Range $837k – $1.02M · ±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
$185 / 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
$20,927
Tax year 2024
Assessed value
$1,741,712
Assessed 2024
Previous assessed
$1,741,712
+0.0% YoY
Effective rate
1.20%
On assessed value
Assessed land
$1,071,824
Assessed improvement
$669,888
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
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
1928
Construction
WOOD
Heating
CENTRAL
Cooling
CENTRAL
Buildings
2
Units
5
Bathrooms
5
Total area
5,026 SF
Lot
0.27 ac (11,884 SF)
Zoning code
SRR3CC*
APN
5767-021-016
UPID
US09-8041562
Jurisdiction
LOS ANGELES
Metro division
LOS ANGELES-LONG BEACH-GLENDALE, CA METROPOLITAN DIVISION
Zoning & alternative use
SRR3CC* · Sierra Madre, CAZoning SRR3CC* · permitted uses
SRR3CC* · Sierra Madre, CA
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Alternative use value scenarios
Repositioning upside vs current use
APARTMENT HOUSE (5+ UNITS) Current
Est. value
$1.3M
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
1928
Construction
WOOD
Heating
CENTRAL
Cooling
Yes
Buildings
2
Units
5
Bathrooms
5
Lot
0.27 ac
Current owner
From public records · entity-resolved
Nerses Yerjanian
Individual
Mailing address
1181 N VINEDO AVE, PASADENA, CA 91107-1869
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
8 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Apr 11, 2017
—
Nerses Yerjanian
Nerses Yerjanian
Intrafamily Transfer
related
$750,000 · Jpmorgan Chase Bank NA
May 16, 2013
—
Yerjanian,n A & V P Living Trust
Yerjanian,nerses & Varteni P
Quit Claim Deed
related
—
Oct 4, 2005
$1,410,000
Nerses Yerjanian
Jeanne Khoe Chung
Grant Deed
$642,000 · Washington Mutual Bank Fa
Oct 4, 2005
—
Jeanne K Chung
Chung,raymond
Quit Claim Deed
—
Aug 15, 2003
—
Jeanne Khoe
Khoe-riley,jeanne C
Quit Claim Deed
related
$398,000 · Malaga Bank
Dec 30, 1999
$515,000
Brian D Riley
Hallett,bettie M
Grant Deed
$320,000 · Commonwealth Land Title Co
—
—
Brian D Riley
—
Deed Of Trust
related
$360,500 · Abn Amro Mortgage Group INC
—
—
Bettie M Hallett
—
Deed Of Trust
related
$310,000 · World Savings & Loan
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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