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Property profile & analytics
OFF-MARKET
Estimated value
$2,695,000
Apartment buildings
1609 Fremont Ave South Pasadena, CA 91030-4461
Individually Owned
3-yr Hold
Absentee Owner
Free & Clear
Property ID
US09-8465135
Property profile
Verified
Property type
Apartment buildings
Use group
APARTMENT HOUSE (5+ UNITS)
Year built
1969
Construction
WOOD
Total area
22,938 SF
Lot
0.43 ac (18,520 SF)
Zoning code
SPR310000*
APN
5319-023-026
UPID
US09-8465135
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
$3.74M
Blend (final)
Blend
$2.70M
Owner & transaction history
Victoria Hazelrig · 3 yrs held
Victoria Hazelrig
since 2023
7 recorded transactions
Zoning & alternative use
SPR310000* · South Pasadena, 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 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
by Request
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Blend value · Realmo final
$2.70M
Range $2.43M – $2.96M · ±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
$117 / 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
$17,915
Tax year 2024
Assessed value
$1,010,698
Assessed 2024
Previous assessed
$1,010,698
+0.0% YoY
Effective rate
1.77%
On assessed value
Assessed land
$235,355
Assessed improvement
$775,343
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
1969
Construction
WOOD
Heating
NONE
Cooling
CENTRAL
Units
18
Bathrooms
31
Total area
22,938 SF
Lot
0.43 ac (18,520 SF)
Zoning code
SPR310000*
APN
5319-023-026
UPID
US09-8465135
Jurisdiction
LOS ANGELES
Metro division
LOS ANGELES-LONG BEACH-GLENDALE, CA METROPOLITAN DIVISION
Zoning & alternative use
SPR310000* · South Pasadena, CAZoning 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
Building & site characteristics
From public records
Year built
1969
Construction
WOOD
Heating
NONE
Cooling
Yes
Units
18
Bathrooms
31
Lot
0.43 ac
Current owner
From public records · entity-resolved
Victoria Hazelrig
Individual
Free & Clear · 3 yrs held
Mailing address
1266 SHARON PARK DR, MENLO PARK, CA 94025-7030
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2023
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
12 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jan 3, 2023
—
Victoria Hazelrig
Victoria Hazelrig
Intrafamily Transfer
related
—
Jun 29, 2022
—
Patricia H Cavender
Patricia Cavender
Correction Deed
related
—
Mar 12, 2009
—
Hull Family Trust A
Hull Family Trust B
Quit Claim Deed
related
—
Mar 4, 2008
—
Hull Family Trust
Hull Family Trust
Quit Claim Deed
related
—
Jul 30, 2007
—
Cavender Patricia Trust
Hull Family Trust
Grant Deed
—
Jul 9, 2007
—
Cavender Patricia Trust
Hull Family Trust
Grant Deed
related
—
Sep 16, 2005
—
Kathleen Hixson
Hixson,sim C
Quit Claim Deed
related
—
Feb 5, 2004
—
H Flanagan Testamentary C John
John H Flanagan Testamentary C
Quit Claim Deed
related
—
May 10, 2001
—
Flanagan,helen S Tr
Flanagan,h S
Quit Claim Deed
related
—
Sep 5, 1995
$136,500
Hull Trust
Richardson Trust
Grant Deed
—
Jan 22, 1993
—
Hull Jerome W Co Tr Et Al
—
Deed Of Trust
related
—
Dec 22, 1989
—
Flanagan Fmly Tr
Flana
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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