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Property profile & analytics
OFF-MARKET
Estimated value
$57,445,000
Apartment buildings
15407 Ash Way, Lynnwood, WA 98087
Entity Owned
6-yr Hold
~
Est. High Equity
Property ID
US90-1653410
Property profile
Verified
Property type
Apartment buildings
Use group
APARTMENT HOUSE (100+ UNITS)
Year built
2014
Construction
WOOD
Total area
426,238 SF
Lot
9.84 ac (428,630 SF)
Zoning code
UC
APN
373701100802
UPID
US90-1653410
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
$57.45M
Owner & transaction history
Mg Tivalli Apartments LLC · 6 yrs held
Mg Tivalli Apartments LLC
since 2019
7 recorded transactions
Zoning & alternative use
UC · Lynnwood, WA
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 Lynnwood submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Lynnwood 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
$135 / 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 2023Property tax & assessments
Tax year 2023
Tax billed
$888,473
Tax year 2023
Assessed value
$114,232,000
Assessed 2023
Previous assessed
$115,345,400
-1.0% YoY
Effective rate
0.78%
On assessed value
Assessed land
$11,658,300
Assessed improvement
$102,573,700
Land market value
$11,658,300
Improvement market value
$102,573,700
Total market value
$114,232,000
Applied tax rate
2,446.0000
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 (100+ UNITS)
Status
Off-Market
Year built
2014
Construction
WOOD
Heating
YES
Cooling
NONE
Stories
1
Rooms
5
Bathrooms
1
Total area
426,238 SF
Lot
9.84 ac (428,630 SF)
Zoning code
UC
APN
373701100802
UPID
US90-1653410
Jurisdiction
SNOHOMISH
Metro division
SEATTLE-BELLEVUE-EVERETT, WA METROPOLITAN DIVISION
Zoning & alternative use
UC · Lynnwood, WA
Zoning UC · permitted uses
UC · Lynnwood, WA
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Lynnwood. Always verify with local authorities before improvements.
Building & site characteristics
From public records
Year built
2014
Construction
WOOD
Heating
YES
Cooling
Yes
Stories
1
Rooms
5
Bathrooms
1
Lot
9.84 ac
Current owner
From public records · entity-resolved
Mg Tivalli Apartments LLC
Entity
Mailing address
10505 SORRENTO VLY RD STE #300, SAN DIEGO, CA 92121-1619
Mailing matches property
Yes
Owner-occupied
Yes
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
11 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Nov 27, 2019
$119,200,000
Mg Tivalli Apartments LLC
Kw Fund V-ash Way LLC
Grant Deed
$73,700,000 · Walker & Dunlop
Mar 9, 2016
$93,962,750
Kw Fund V-ash Way LLC
Gre Ash Way LLC
Grant Deed
$61,899,000 · Walker & Dunlop
Jan 29, 2015
$480,000
Gre Ash Way LLC
Oh,ronald M & Brenda B
Warranty Deed
—
May 31, 2001
$217,000
Ronald M Oh
Waller,allan O & Audra
Grant Deed
$173,600 · Greenpoint Mortgage Funding
Jul 22, 1997
$162,000
Allan O Waller
Arnold,verne G & Betty A
Grant Deed
$162,000 · Seller
Jul 18, 1997
$156,500
Verne G Arnold
Salvesen,brett K
Grant Deed
$162,000 · Bank Of America
May 1, 1993
$148,000
—
—
Grant Deed
related
$108,000 · Phoenix Mortgage Corp
—
—
Ronald M Oh
—
Deed Of Trust
related
$30,000 · Washington State Employees Cu
—
—
Alan C Waller
—
Deed Of Trust
related
$9,000 · Boeing Employees Cu
—
—
Gre Ash Way LLC
—
Loan Modification
related
$56,000,000 · Bank Of America
—
—
Ronald M Oh
—
Deed Of Trust
related
$171,000 · Wells Fargo 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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