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Property profile & analytics
OFF-MARKET
Apartment buildings
1642 38th St Los Angeles, CA 90062-1015
Individually Owned
10-yr Hold
Absentee Owner
Free & Clear
Property ID
US09-6506072
Property profile
Verified
Property type
Apartment buildings
Use group
APARTMENT HOUSE (5+ UNITS)
Year built
1927
Construction
WOOD
Total area
3,864 SF
Lot
0.12 ac (5,442 SF)
Zoning code
LAR2
APN
5035-031-012
UPID
US09-6506072
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
by Request
Owner & transaction history
Royal Shamrock Acquisitions Ll · 10 yrs held
Royal Shamrock Acquisitions Ll
since 2016
7 recorded transactions
Zoning & alternative use
LAR2 · Los Angeles, 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 Los Angeles submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Los Angeles 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
—
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
$10,383
Tax year 2024
Assessed value
$789,192
Assessed 2024
Previous assessed
$789,192
+0.0% YoY
Effective rate
1.32%
On assessed value
Assessed land
$475,837
Assessed improvement
$313,355
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
1927
Construction
WOOD
Heating
NONE
Cooling
YES
Units
5
Bathrooms
6
Total area
3,864 SF
Lot
0.12 ac (5,442 SF)
Zoning code
LAR2
APN
5035-031-012
UPID
US09-6506072
Jurisdiction
LOS ANGELES
Metro division
LOS ANGELES-LONG BEACH-GLENDALE, CA METROPOLITAN DIVISION
Zoning & alternative use
LAR2 · Los Angeles, CA
Zoning LAR2 · permitted uses
LAR2 · Los Angeles, CA
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Los Angeles. Always verify with local authorities before improvements.
Building & site characteristics
From public records
Year built
1927
Construction
WOOD
Heating
NONE
Cooling
Yes
Units
5
Bathrooms
6
Lot
0.12 ac
Current owner
From public records · entity-resolved
Royal Shamrock Acquisitions Ll
Individual
Free & Clear · 10 yrs held
Mailing address
8383 WILSHIRE BLVD STE #646, BEVERLY HILLS, CA 90211-2444
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2016
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
18 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
May 13, 2016
—
Royal Shamrock Acquisitions Ll
—
Deed
related
$272,167 · Hazany E & S M Living Tr (lt)
Feb 25, 2016
—
Royal Shamrock Acquisitions Ll
West Coast Financia Trust
Grant Deed
—
Aug 15, 2013
$450,000
West Coast Finl Ptrs Trust
Pineda,pedro
Grant Deed
$270,000 · Jones John D II Trust
Aug 17, 2005
$665,000
Pedro Pineda
Olague LLC
Grant Deed
$498,750 · Interbay Funding LLC
Jun 10, 2005
—
Olague LLC
Gomez,maximiliano
Grant Deed
—
Apr 15, 2004
—
Maximiliano Gomez
Olague LLC
Grant Deed
$292,500 · East West Bank
Jan 9, 2004
—
Olague LLC
Gomez,maximiliano
Grant Deed
related
—
Mar 27, 2003
—
Maximilian Gomez
Gomez,maximilian
Quit Claim Deed
related
—
Nov 6, 2002
—
Maximilian Gomez
Gomez,l
Quit Claim Deed
related
—
Nov 6, 2002
$230,000
Maximilian Gomez
Us Bank NA
Grant Deed
$239,000 · Patriot Investments
Sep 10, 2001
—
Litashe C Whitaker
Williams,i
Grant Deed
related
—
Aug 20, 2001
$169,900
Us Bank NA
Charles,damon
Trustees Deed
related
—
May 25, 2001
—
Ideda Williams
Teal,c T
Grant Deed
related
—
Mar 9, 2001
—
Charles T Teal
Charlee,d
Quit Claim Deed
related
—
Feb 25, 1999
$185,000
United Noteic INC
Tucker,melvin D & Patricia R
Trustees Deed
—
Feb 25, 1999
$300,000
Charles,damon
United Noetic Investments INC
Trustees Deed
$270,000 · California Equicredit Corp
—
—
Melvin D Tucker
—
Deed Of Trust
related
$108,000 · California Federal Bank
—
—
Royal Shamrock Acquisitions Ll
—
Deed Of Trust
related
$272,167 · Hazany E & S M Living Tr (lt)
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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