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Property profile & analytics
OFF-MARKET
Estimated value
$34,930,000
Apartment buildings
1940 Fullerton Rd Rowland Heights, CA 91748-3327
Entity Owned
1-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US09-8617906
Property profile
Verified
Property type
Apartment buildings
Use group
APARTMENT HOUSE (5+ UNITS)
Year built
1974
Construction
WOOD
Total area
106,287 SF
Lot
4.27 ac (185,869 SF)
Zoning code
LCR330U*
APN
8270-023-025
UPID
US09-8617906
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
$26.31M
Comparable Approach
Comparable
$36.81M
Blend (final)
Blend
$34.93M
Owner & transaction history
Novo Rowland Heights Holdings LP · 1 yrs held
Novo Rowland Heights Holdings LP
since 2025
Last sale
$38.3M
7 recorded transactions
Zoning & alternative use
LCR330U* · Rowland Heights, CA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Restaurant
$52.4M
+99.5%
Medical building
$48.3M
+83.8%
Auto repair, garage
$41.5M
+57.8%
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 Rowland Heights submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Rowland Heights 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%
$28,505,000
6.5%
$26,310,000
7%
$24,430,000
Alternative Use
Use
Estimation
APARTMENT HOUSE (5+ UNITS)
$26,285,000
Current use
RESTAURANT
$52,435,000
Change: +99% · Conversion: Difficult
MEDICAL BUILDING
$48,315,000
Change: +84% · Conversion: Moderate
AUTO REPAIR, GARAGE
$41,490,000
Change: +58% · Conversion: Difficult
NEIGHBORHOOD: SHOPPING CENTER
$38,510,000
Change: +47% · Conversion: Difficult
OFFICE BUILDING
$32,680,000
Change: +24% · Conversion: Moderate
RETAIL STORES
$31,125,000
Change: +18% · Conversion: Difficult
WAREHOUSE, STORAGE
$29,770,000
Change: +13% · Conversion: Difficult
Blend value · Realmo final
$34.93M
Range $31.44M – $38.42M · ±10% · vs last sale $38.30M (Mar 3 2025)
Last sale anchor
$38.30M
Mar 3 2025
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
$329 / 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
$432,482
Tax year 2024
Assessed value
$32,707,653
Assessed 2024
Previous assessed
$32,707,653
+0.0% YoY
Effective rate
1.32%
On assessed value
Assessed land
$9,705,015
Assessed improvement
$23,002,638
Applied tax rate
12.0000
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
1974
Construction
WOOD
Heating
NONE
Cooling
CENTRAL
Units
126
Bathrooms
99
Total area
106,287 SF
Lot
4.27 ac (185,869 SF)
Zoning code
LCR330U*
APN
8270-023-025
UPID
US09-8617906
Jurisdiction
LOS ANGELES
Metro division
LOS ANGELES-LONG BEACH-GLENDALE, CA METROPOLITAN DIVISION
Zoning & alternative use
LCR330U* · Rowland Heights, CA
Zoning LCR330U* · permitted uses
LCR330U* · Rowland Heights, CA
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Rowland Heights. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
APARTMENT HOUSE (5+ UNITS) Current
Est. value
$26.3M
RESTAURANT
Est. value
$52.4M
MEDICAL BUILDING
Est. value
$48.3M
AUTO REPAIR, GARAGE
Est. value
$41.5M
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$38.5M
OFFICE BUILDING
Est. value
$32.7M
RETAIL STORES
Est. value
$31.1M
WAREHOUSE, STORAGE
Est. value
$29.8M
APARTMENT HOUSE (5+ UNITS) Current
RESTAURANT
MEDICAL BUILDING
AUTO REPAIR, GARAGE
NEIGHBORHOOD: SHOPPING CENTER
OFFICE BUILDING
RETAIL STORES
WAREHOUSE, STORAGE
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
1974
Construction
WOOD
Heating
NONE
Cooling
Yes
Units
126
Bathrooms
99
Lot
4.27 ac
Current owner
From public records · entity-resolved
Novo Rowland Heights Holdings LP
Entity
Mailing address
3790 VIA DE LA VALLE STE #311, DEL MAR, CA 92014-4252
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2025
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
9 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jun 3, 2025
$38,300,000
Novo Rowland Heights Holdings LP
Llj Stratford Rowland Heights LLC
Grant Deed
$24,859,000 · Northmarq Capital LLC
Jun 3, 2025
—
Llj Stratford Rowland Heights 2 LLC
Llj Stratford Rowland Heights LLC
Deed
related
—
Aug 16, 2017
$29,250,000
Llj Stratford Rowland Heights LLC
1940 Fullerton Road LLC
Grant Deed
$20,253,000 · Pnc Bank NA
Aug 24, 2015
$27,050,000
1940 Fullerton Road LLC
Faof Parkwood LLC
Grant Deed
$18,268,000 · Berkeley Point Cap
Oct 26, 2012
$18,500,000
Faof Parkwood LLC
Rowland Heights 2
Grant Deed
—
Oct 26, 2012
—
Faof Parkwood LLC
—
Trustees Deed
related
$14,000,000 · Bank Of America
Oct 23, 2012
—
Heights 2 Rowland
Rowland Heights 2
Quit Claim Deed
related
—
Nov 1, 1996
—
Rowland Heights 2 LP
—
Deed Of Trust
related
$1,400,000 · American Savings Bank
May 4, 1971
—
—
—
Grant 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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