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Property profile & analytics
OFF-MARKET
Estimated value
$8,045,000
Community centers
2058 Ave J J Lancaster, CA 93536-5913
Entity Owned
2-yr Hold
Free & Clear
Property ID
US09-0267588
Property profile
Verified
Property type
Community centers
Use group
MINI-MALL
Year built
1979
Construction
TILT-UP CONCRETE
Total area
32,000 SF
Lot
1.86 ac (80,958 SF)
Zoning code
LRC3DP*
APN
3123-005-037
UPID
US09-0267588
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
-
Blacksmith Travelcoach Inc Travel Agency Tour Operator
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$6.87M
CAP Approach
CAP
$9.21M
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$8.05M
Owner & transaction history
Lht LLC · 2 yrs held
Lht LLC
since 2023
Last sale
$8.6M
7 recorded transactions
Zoning & alternative use
LRC3DP* · Lancaster, CA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Apartment house (5+ units)
$10.7M
+21.5%
Commercial (general)
$9.9M
+12.4%
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 Lancaster submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Lancaster 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
$6,860,000
ML approach
$6,870,000
CAP Approach
CAP Return
Estimation
6%
$9,980,000
6.5%
$9,210,000
7%
$8,555,000
Alternative Use
Use
Estimation
NEIGHBORHOOD: SHOPPING CENTER
$8,800,000
Current use
APARTMENT HOUSE (5+ UNITS)
$10,690,000
Change: +21% · Conversion: Difficult
COMMERCIAL (GENERAL)
$9,885,000
Change: +12% · Conversion: Easy
AUTO REPAIR, GARAGE
$8,775,000
Change: 0% · Conversion: Difficult
OFFICE BUILDING
$7,185,000
Change: -18% · Conversion: Moderate
Blend value · Realmo final
$8.05M
Range $7.24M – $8.85M · ±10% · vs last sale $8.64M (Dec 15 2023)
Last sale anchor
$8.64M
Dec 15 2023
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
$251 / 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 2023Property tax & assessments
Tax year 2023
Tax billed
$28,974
Tax year 2023
Assessed value
$1,788,108
Assessed 2023
Previous assessed
$1,788,108
+0.0% YoY
Effective rate
1.62%
On assessed value
Assessed land
$1,178,949
Assessed improvement
$609,159
Applied tax rate
4.0000
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
Community centers
Use group
MINI-MALL
Status
Off-Market
Year built
1979
Construction
TILT-UP CONCRETE
Heating
NONE
Cooling
OTHER
Stories
1
Total area
32,000 SF
Lot
1.86 ac (80,958 SF)
Zoning code
LRC3DP*
APN
3123-005-037
UPID
US09-0267588
Jurisdiction
LOS ANGELES
Metro division
LOS ANGELES-LONG BEACH-GLENDALE, CA METROPOLITAN DIVISION
Zoning & alternative use
LRC3DP* · Lancaster, CA
Zoning LRC3DP* · permitted uses
LRC3DP* · Lancaster, CA
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Lancaster. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
NEIGHBORHOOD: SHOPPING CENTER Current
Est. value
$8.8M
APARTMENT HOUSE (5+ UNITS)
Est. value
$10.7M
COMMERCIAL (GENERAL)
Est. value
$9.9M
AUTO REPAIR, GARAGE
Est. value
$8.8M
OFFICE BUILDING
Est. value
$7.2M
NEIGHBORHOOD: SHOPPING CENTER Current
APARTMENT HOUSE (5+ UNITS)
COMMERCIAL (GENERAL)
AUTO REPAIR, GARAGE
OFFICE BUILDING
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
1979
Construction
TILT-UP CONCRETE
Heating
NONE
Cooling
Yes
Stories
1
Lot
1.86 ac
Current owner
From public records · entity-resolved
Lht LLC
Entity
Free & Clear · 2 yrs held
Ownership since
2023
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
Dec 15, 2023
$8,640,500
Lht LLC
Baldwin Park Plaza LLC
Grant Deed
—
Nov 3, 2023
—
Baldwin Park Plaza LLC
Bison Hoover Apartments LLC
Intrafamily Transfer
related
—
Jun 12, 2023
—
Smart & Final Stores LLC
Baldwin Park Plaza LLC
Lease
—
Aug 24, 2017
$7,500,000
Baldwin Park Plaza LLC
Wells Fargo Bk N 2006-c4
Grant Deed
—
Dec 15, 2015
$9,500,000
Wells Fargo Bank 2006-c4 Tr
Beacon Default Management|avp Lancaster LLC
Trustees Deed
related
—
Jan 31, 2008
—
Avp Lancaster LLC
Rahn,patricia J
Grant Deed
—
Mar 2, 2007
$1,100,000
Moorpark Garden Apartments LLC
Guardian Equity Growth INC
Grant Deed
—
Jun 19, 2006
—
Marion Center Ltd
Antelope Valley Investors LLC
Grant Deed
—
Nov 20, 2000
—
Antelope Valley Plaza LLC
—
Deed Of Trust
related
$7,960,000 · Key Bank NA
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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