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Property profile & analytics
OFF-MARKET
Estimated value
$5,575,000
Apartment buildings
1540 Laurel St South Pasadena, CA 91030-4458
Entity Owned
2-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US09-6393179
Property profile
Verified
Property type
Apartment buildings
Use group
APARTMENT HOUSE (5+ UNITS)
Year built
1961
Construction
WOOD
Total area
16,534 SF
Lot
0.46 ac (19,992 SF)
Zoning code
SPR310000*
APN
5319-006-025
UPID
US09-6393179
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
$5.58M
CAP Approach
CAP
$4.10M
Comparable Approach
Comparable
$6.94M
Blend (final)
Blend
$5.58M
Owner & transaction history
1540 Laurel LLC · 2 yrs held
1540 Laurel LLC
since 2024
Last sale
$5.6M
7 recorded transactions
Zoning & alternative use
SPR310000* · South Pasadena, CA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Auto repair, garage
$7.7M
+50.9%
Medical building
$7.5M
+48.3%
Office building
$7.4M
+46.3%
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 South Pasadena submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs South Pasadena 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
$5,575,000
ML approach
$5,575,000
CAP Approach
CAP Return
Estimation
6%
$4,435,000
6.5%
$4,095,000
7%
$3,800,000
Alternative Use
Use
Estimation
APARTMENT HOUSE (5+ UNITS)
$5,070,000
Current use
AUTO REPAIR, GARAGE
$7,650,000
Change: +51% · Conversion: Difficult
MEDICAL BUILDING
$7,515,000
Change: +48% · Conversion: Moderate
OFFICE BUILDING
$7,415,000
Change: +46% · Conversion: Moderate
RETAIL STORES
$6,335,000
Change: +25% · Conversion: Difficult
COMMERCIAL (GENERAL)
$5,110,000
Change: +1% · Conversion: Moderate
Blend value · Realmo final
$5.58M
Range $5.02M – $6.13M · ±10% · vs last sale $5.58M (Apr 5 2024)
Last sale anchor
$5.58M
Apr 5 2024
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
$337 / 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
$96,339
Tax year 2024
Assessed value
$7,803,000
Assessed 2024
Previous assessed
$7,803,000
+0.0% YoY
Effective rate
1.23%
On assessed value
Assessed land
$2,340,900
Assessed improvement
$5,462,100
Applied tax rate
9.0000
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
1961
Construction
WOOD
Heating
NONE
Cooling
CENTRAL
Units
16
Bathrooms
24
Total area
16,534 SF
Lot
0.46 ac (19,992 SF)
Zoning code
SPR310000*
APN
5319-006-025
UPID
US09-6393179
Jurisdiction
LOS ANGELES
Metro division
LOS ANGELES-LONG BEACH-GLENDALE, CA METROPOLITAN DIVISION
Zoning & alternative use
SPR310000* · South Pasadena, CA
Zoning SPR310000* · permitted uses
SPR310000* · South Pasadena, CA
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
South Pasadena. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
APARTMENT HOUSE (5+ UNITS) Current
Est. value
$5.1M
AUTO REPAIR, GARAGE
Est. value
$7.7M
MEDICAL BUILDING
Est. value
$7.5M
OFFICE BUILDING
Est. value
$7.4M
RETAIL STORES
Est. value
$6.3M
COMMERCIAL (GENERAL)
Est. value
$5.1M
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
1961
Construction
WOOD
Heating
NONE
Cooling
Yes
Units
16
Bathrooms
24
Lot
0.46 ac
Current owner
From public records · entity-resolved
1540 Laurel LLC
Entity
Mailing matches property
Different — outreach signal
Owner-occupied
No
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
16 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Apr 5, 2024
$5,575,000
1540 Laurel LLC
Patricia A Utley
Grant Deed
—
Nov 2, 2023
—
Patricia A Utley
Patricia A Utley
Intrafamily Transfer
related
—
May 27, 2015
—
Robert C Utley
Patricia Ann Davis
Intrafamily Transfer
related
$1,100,000 · Jpmorgan Chase Bank NA
Mar 18, 1997
—
Kyu C Yi
Yi,c C
Quit Claim Deed
related
—
Nov 26, 1996
—
Louter,marlene Trustee
Louter,m
Quit Claim Deed
related
—
Apr 20, 1995
—
Ohde,mary E Trustee
Ohde,m E
Quit Claim Deed
related
—
Jan 15, 1991
$27,000
Arboleda Trust
Los Burritos Mex
Grant Deed
related
—
Jun 30, 1989
—
Jan B Mcelearney
Mcel
Quit Claim Deed
related
$70,000 · Assured Mortgage Corp
Mar 30, 1989
$112,000
Sherrie M Shiba
Eage
Grant Deed
$89,600 · Glendale Federal Bank
Jul 7, 1988
$105,000
Marlene Louter
Seise
Grant Deed
$84,000 · Glendale Federal Bank
—
—
Randall S Davis
—
Deed Of Trust
related
$31,400 · Master Financial INC
—
—
Marlene Louter
—
Deed Of Trust
related
$92,000 · Glendale Federal Bank
—
—
Kyu C Yi
—
Deed Of Trust
related
$60,000 · East West Bank
—
—
Linda A Westcot
—
Deed Of Trust
related
$101,300 · Glendale Federal Bank
—
—
Kyu B Yi
—
Deed Of Trust
related
$64,000 · East West Bank
—
—
Loute
—
Deed Of Trust
related
$90,000 · Glendale Federal 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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