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Property profile & analytics
OFF-MARKET
Estimated value
$610,000
Apartment buildings
1735 Vernon Ave Los Angeles, CA 90062-1555
Entity Owned
4-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US09-6515306
Property profile
Verified
Property type
Apartment buildings
Use group
APARTMENT HOUSE (5+ UNITS)
Year built
1923
Construction
WOOD
Total area
9,502 SF
Lot
0.14 ac (6,132 SF)
Zoning code
LAC2
APN
5021-025-010
UPID
US09-6515306
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
$610k
Owner & transaction history
1735 West Vernon Avenue LLC · 4 yrs held
1735 West Vernon Avenue LLC
since 2022
7 recorded transactions
Zoning & alternative use
LAC2 · 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
$64 / 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
$27,575
Tax year 2024
Assessed value
$2,172,600
Assessed 2024
Previous assessed
$2,172,600
+0.0% YoY
Effective rate
1.27%
On assessed value
Assessed land
$642,600
Assessed improvement
$1,530,000
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
1923
Construction
WOOD
Heating
NONE
Cooling
YES
Units
15
Bathrooms
15
Total area
9,502 SF
Lot
0.14 ac (6,132 SF)
Zoning code
LAC2
APN
5021-025-010
UPID
US09-6515306
Jurisdiction
LOS ANGELES
Metro division
LOS ANGELES-LONG BEACH-GLENDALE, CA METROPOLITAN DIVISION
Zoning & alternative use
LAC2 · Los Angeles, CA
Zoning LAC2 · permitted uses
LAC2 · 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
1923
Construction
WOOD
Heating
NONE
Cooling
Yes
Units
15
Bathrooms
15
Lot
0.14 ac
Current owner
From public records · entity-resolved
1735 West Vernon Avenue LLC
Entity
Mailing address
1561 SHELTER IS DR, SAN DIEGO, CA 92106-3102
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2022
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
17 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jul 1, 2022
—
1735 West Vernon Avenue LLC
Rick Appel
Grant Deed
$1,465,000 · Jpmorgan Chase Bank NA
Jun 7, 2017
—
Rick Appel
—
Deed
related
$1,130,500 · Opus Bank
Aug 16, 2010
—
Rick Appel
R A Investments LLC
Grant Deed
$350,000 · Overland Financial Company LLC
Mar 31, 2004
—
R A Investments LLC
A M E Investment Co
Grant Deed
related
—
Dec 12, 2003
—
Apip 56 LLC
Eden Community Dev Corp
Grant Deed
related
—
Jun 5, 2002
—
Comm Dev Eden
Ward,j
Grant Deed
related
—
Jun 23, 2000
$200,000
Ward,joel A
Wamco III Ltd
Trustees Deed
$150,000 · Financial Inst Partners Mtg
Jun 23, 2000
—
Joel A Ward
Ward,m L
Quit Claim Deed
related
—
May 18, 1998
$100,000
Wamco III Ltd
Wiltz,glenn R
Trustees Deed
—
May 16, 1991
$105,000
Walter Ross
Hill,la Rue H
Grant Deed
related
$62,500 · Seller
Jan 17, 1991
$73,907
Larue H Hill
Wiltz Glenn R SR
Trustees Deed
related
—
—
—
Joel A Ward
—
Deed Of Trust
related
$75,000 · Individual
—
—
Glenn R Wiltz
—
Deed Of Trust
related
$50,000 · Mission Viejo Home
—
—
Joel A Ward
—
Deed Of Trust
related
$25,000 · Individual
—
—
Rick Appel
—
Deed Of Trust
related
$652,500 · Evertrust Bank
—
—
Glenn R Wiltz
—
Deed Of Trust
related
$300,000 · United Bkrs Mtg
—
—
Myrtle Hill
—
Deed Of Trust
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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