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Property profile & analytics
OFF-MARKET
Estimated value
$2,410,000
Apartment buildings
17730 Alburtis Ave Artesia, CA 90701-3863
Individually Owned
6-yr Hold
Free & Clear
Property ID
US09-8602691
Property profile
Verified
Property type
Apartment buildings
Use group
APARTMENT HOUSE (5+ UNITS)
Year built
1964
Construction
WOOD
Total area
13,104 SF
Lot
0.67 ac (29,386 SF)
Zoning code
ATMRV*
APN
7035-019-036
UPID
US09-8602691
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
Current use
Occupant on record · Public records
-
A-One Services Home Appliance Store
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$3.25M
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$2.41M
Owner & transaction history
Paul L Jernigan JR. · 6 yrs held
Paul L Jernigan JR.
since 2019
7 recorded transactions
Zoning & alternative use
ATMRV* · Artesia, 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 Artesia submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Artesia 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%
$3,515,000
6.5%
$3,245,000
7%
$3,010,000
Alternative Use
Use
Estimation
APARTMENT HOUSE (5+ UNITS)
$3,455,000
Current use
Blend value · Realmo final
$2.41M
Range $2.17M – $2.65M · ±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
$184 / 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
$58,053
Tax year 2024
Assessed value
$4,612,146
Assessed 2024
Previous assessed
$4,612,146
+0.0% YoY
Effective rate
1.26%
On assessed value
Assessed land
$3,216,605
Assessed improvement
$1,395,541
Applied tax rate
1.0000
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
1964
Construction
WOOD
Heating
NONE
Units
14
Bathrooms
28
Total area
13,104 SF
Lot
0.67 ac (29,386 SF)
Zoning code
ATMRV*
APN
7035-019-036
UPID
US09-8602691
Jurisdiction
LOS ANGELES
Metro division
LOS ANGELES-LONG BEACH-GLENDALE, CA METROPOLITAN DIVISION
Zoning & alternative use
ATMRV* · Artesia, CA
Zoning ATMRV* · permitted uses
ATMRV* · Artesia, CA
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Artesia. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
APARTMENT HOUSE (5+ UNITS) Current
Est. value
$3.5M
APARTMENT HOUSE (5+ UNITS) Current
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
1964
Construction
WOOD
Heating
NONE
Units
14
Bathrooms
28
Lot
0.67 ac
Current owner
From public records · entity-resolved
Paul L Jernigan JR.
Individual
Free & Clear · 6 yrs held
Mailing address
PO BOX 7402, MENLO PARK, CA 94026-7402
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
15 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Dec 18, 2019
—
Paul L Jernigan JR.
Anita L Jernigan
Quit Claim Deed
—
Dec 18, 2019
$5,500,000
Blue Water Asset Management L P
Paul L Jernigan
Grant Deed
$3,575,000 · Homestreet Bank
Dec 3, 2007
—
Paul L Jernigan
Jernigan,william E
Quit Claim Deed
related
—
Jan 3, 2007
—
Jernigan LLC
Jernigan,paul L & Virginia M
Quit Claim Deed
—
Jun 15, 2006
—
Stearns Family Trust
Stearns,william H & Virginia M
Affidavit Of Death
related
—
Apr 26, 2006
—
Paul L Jernigan JR.
Stearns Family Trust
Grant Deed
—
Jan 4, 2006
—
Paul L Jernigan JR.
Jernigan Family Trust
Quit Claim Deed
related
—
Feb 3, 2003
—
Stearns,tr
Stearns,tr
Quit Claim Deed
related
—
May 30, 1996
—
Stearns,virginia M Tr Et Al
—
Trustees Deed
related
—
Jul 28, 1995
—
Sterns,virginia M Tr Et Al
—
Deed Of Trust
related
—
May 15, 1995
—
Stearns,virginia M Tr Et Al
—
Deed Of Trust
related
—
Jan 25, 1995
—
Stearns,virginia M Tr And
—
Deed Of Trust
related
—
Feb 11, 1994
—
Virginia M Tr Stearns
—
Deed Of Trust
related
—
—
—
Stearns,tr
—
Deed Of Trust
related
$283,000 · Jernigan Trust
—
—
Stearns Trust
—
Deed Of Trust
related
$325,000 · Home Savings Of America
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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