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Property profile & analytics
OFF-MARKET
Estimated value
$645,000
Apartment buildings
1946 2nd St San Fernando, CA 91340-2637
Entity Owned
Absentee Owner
~
Est. High Equity
Property ID
US09-8011895
Property profile
Verified
Property type
Apartment buildings
Use group
APARTMENT HOUSE (5+ UNITS)
Year built
1955
Construction
WOOD
Total area
2,927 SF
Lot
0.23 ac (10,116 SF)
Zoning code
SFR3*
APN
2520-002-011
UPID
US09-8011895
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
$725k
Comparable Approach
Comparable
$608k
Blend (final)
Blend
$645k
Owner & transaction history
Apt 1946 LLC
Apt 1946 LLC
since 2025
Last sale
$625,500
7 recorded transactions
Zoning & alternative use
SFR3* · San Fernando, CA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Source
code of ordinances
Top alternative use upside
Commercial (general)
$865,000
+43.6%
Warehouse, storage
$860,000
+42.9%
Retail stores
$830,000
+37.6%
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 San Fernando submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs San Fernando 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%
$785,000
6.5%
$725,000
7%
$675,000
Alternative Use
Use
Estimation
APARTMENT HOUSE (5+ UNITS)
$600,000
Current use
COMMERCIAL (GENERAL)
$865,000
Change: +44% · Conversion: Moderate
WAREHOUSE, STORAGE
$860,000
Change: +43% · Conversion: Difficult
RETAIL STORES
$830,000
Change: +38% · Conversion: Difficult
Blend value · Realmo final
$645k
Range $581k – $710k · ±10% · vs last sale $626k (May 22 2025)
Last sale anchor
$626k
May 22 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
$220 / 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
$7,374
Tax year 2024
Assessed value
$477,930
Assessed 2024
Previous assessed
$477,930
+0.0% YoY
Effective rate
1.54%
On assessed value
Assessed land
$260,690
Assessed improvement
$217,240
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
1955
Construction
WOOD
Heating
NONE
Cooling
YES
Units
6
Total area
2,927 SF
Lot
0.23 ac (10,116 SF)
Zoning code
SFR3*
APN
2520-002-011
UPID
US09-8011895
Jurisdiction
LOS ANGELES
Metro division
LOS ANGELES-LONG BEACH-GLENDALE, CA METROPOLITAN DIVISION
Zoning & alternative use
SFR3* · San Fernando, CAZoning SFR3* · permitted uses
SFR3* · San Fernando, CA
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Source
code of ordinances
Alternative use value scenarios
Repositioning upside vs current use
APARTMENT HOUSE (5+ UNITS) Current
Est. value
$600,000
COMMERCIAL (GENERAL)
Est. value
$865,000
WAREHOUSE, STORAGE
Est. value
$860,000
RETAIL STORES
Est. value
$830,000
APARTMENT HOUSE (5+ UNITS) Current
COMMERCIAL (GENERAL)
WAREHOUSE, STORAGE
RETAIL STORES
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
1955
Construction
WOOD
Heating
NONE
Cooling
Yes
Units
6
Lot
0.23 ac
Current owner
From public records · entity-resolved
Apt 1946 LLC
Entity
Mailing address
1241 BAYSIDE DR, CORONA DEL MAR, CA 92625-1705
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
15 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Aug 22, 2025
$625,500
Apt 1946 LLC
Barmazel Family Limited Partnership
Grant Deed
—
Aug 22, 2025
—
Jpmorgan Chase Bank NA
Apt 1946 LLC
Deed
—
Jul 8, 2025
—
Barmazel Family Limited Partnership
Howard A Barmazel
Deed
related
—
Jul 1, 2025
—
Howard A Barmazel
Brandon Benudiz
Deed
related
—
Jun 27, 2025
—
Brandon Benudiz
Brandon Benudiz Flp
Deed
related
—
Jan 6, 2025
—
Brandon Benudiz Flp
Brandon Benudiz
Deed
related
—
Dec 31, 2024
—
Brandon Benudiz
Howard A Barmazel
Grant Deed
—
Dec 24, 2024
—
Howard A Barmazel
Barmazel Family Limited Partnership
Deed
related
—
Apr 23, 2021
—
Barmazel Family Limited Partnership
—
Deed
related
$650,000 · Jpmorgan Chase Bank NA
Mar 30, 2018
—
Barmazel Family LP
—
Deed
related
$614,000 · Jpmorgan Chase Bank NA
Mar 20, 2007
—
1914 & 1946 2nd LLC
Barmazel Family
Quit Claim Deed
related
$1,100,000 · Greystone Bank
Mar 6, 2002
$330,000
Barmazel Flp
Fay Trust
Grant Deed
$247,500 · First State Bank California
Sep 27, 1999
—
Fay,michael & Eileen E Trustees
Fay,m
Quit Claim Deed
related
—
Nov 22, 1994
$160,000
Michael G Fay
Clifton M Higby Trustee
Grant Deed
$160,000 · Seller
—
—
Barmazel Family LP
—
Deed Of Trust
related
$247,500 · Washington Mutual Fsb
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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