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Property profile & analytics
OFF-MARKET
Estimated value
$1,300,000
Apartment buildings
2080 Raymond Ave Altadena, CA 91001-5700
Individually Owned
1-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US09-7839793
Property profile
Verified
Property type
Apartment buildings
Use group
APARTMENT HOUSE (5+ UNITS)
Year built
1985
Construction
WOOD
Total area
4,650 SF
Lot
0.22 ac (9,463 SF)
Zoning code
LCR3*
APN
5837-002-010
UPID
US09-7839793
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
$1.30M
CAP Approach
CAP
$1.15M
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$1.30M
Owner & transaction history
Armen Gharehbagloo · 1 yrs held
Armen Gharehbagloo
since 2024
Last sale
$1.3M
7 recorded transactions
Zoning & alternative use
LCR3* · Altadena, CA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Auto repair, garage
$2.2M
+75.3%
Medical building
$2.1M
+72.3%
Office building
$2.1M
+70.0%
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 Altadena submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Altadena 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
$1,300,000
ML approach
$1,300,000
CAP Approach
CAP Return
Estimation
6%
$1,245,000
6.5%
$1,150,000
7%
$1,070,000
Alternative Use
Use
Estimation
APARTMENT HOUSE (5+ UNITS)
$1,225,000
Current use
AUTO REPAIR, GARAGE
$2,150,000
Change: +75% · Conversion: Difficult
MEDICAL BUILDING
$2,115,000
Change: +72% · Conversion: Moderate
OFFICE BUILDING
$2,085,000
Change: +70% · Conversion: Moderate
RETAIL STORES
$1,590,000
Change: +30% · Conversion: Difficult
COMMERCIAL (GENERAL)
$1,435,000
Change: +17% · Conversion: Moderate
WAREHOUSE, STORAGE
$1,365,000
Change: +11% · Conversion: Difficult
Blend value · Realmo final
$1.30M
Range $1.17M – $1.43M · ±10% · vs last sale $1.30M (Nov 7 2024)
Last sale anchor
$1.30M
Nov 7 2024
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
$280 / 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
$8,618
Tax year 2024
Assessed value
$529,565
Assessed 2024
Previous assessed
$529,565
+0.0% YoY
Effective rate
1.63%
On assessed value
Assessed land
$208,592
Assessed improvement
$320,973
Applied tax rate
10.0000
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
1985
Construction
WOOD
Heating
NONE
Units
6
Bathrooms
6
Total area
4,650 SF
Lot
0.22 ac (9,463 SF)
Zoning code
LCR3*
APN
5837-002-010
UPID
US09-7839793
Jurisdiction
LOS ANGELES
Metro division
LOS ANGELES-LONG BEACH-GLENDALE, CA METROPOLITAN DIVISION
Zoning & alternative use
LCR3* · Altadena, CA
Zoning LCR3* · permitted uses
LCR3* · Altadena, CA
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Altadena. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
APARTMENT HOUSE (5+ UNITS) Current
Est. value
$1.2M
AUTO REPAIR, GARAGE
Est. value
$2.2M
MEDICAL BUILDING
Est. value
$2.1M
OFFICE BUILDING
Est. value
$2.1M
RETAIL STORES
Est. value
$1.6M
COMMERCIAL (GENERAL)
Est. value
$1.4M
WAREHOUSE, STORAGE
Est. value
$1.4M
APARTMENT HOUSE (5+ UNITS) Current
AUTO REPAIR, GARAGE
MEDICAL BUILDING
OFFICE BUILDING
RETAIL STORES
COMMERCIAL (GENERAL)
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
1985
Construction
WOOD
Heating
NONE
Units
6
Bathrooms
6
Lot
0.22 ac
Current owner
From public records · entity-resolved
Armen Gharehbagloo
Individual
Mailing address
6 HIDDEN VLY RD, MONROVIA, CA 91016-1601
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2024
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
10 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Nov 7, 2024
$1,300,000
Armen Gharehbagloo
May Avenue Investments LLC
Grant Deed
$815,000 · Cake Mortgage Corp
Nov 7, 2024
—
Armen Gharehbagloo
Eva Minassian
Deed
related
—
Dec 31, 2015
—
May Avenue Investments INC
Brian C Harbert
Grant Deed
$680,000 · Mufg Union Bank NA
May 7, 2010
—
Brian C Harbert
May Avenue Investments INC
Grant Deed
$130,000 · Nubar R Costantian
Mar 6, 2009
—
May Avenue Investments INC
Harbert,brian C & Kari L
Grant Deed
—
Aug 3, 1999
—
Betty L Harbert
Adams,t E & S L
Quit Claim Deed
related
—
Sep 5, 1989
—
Mazur
—
Deed Of Trust
related
—
Nov 3, 1988
$328,000
Gerald M Harbert
Corpanex
Trustees Deed
$41,000 · Chillar Ram K&ra
Nov 3, 1988
$91,000
Corpanex
Chillar Ram K&ra
Trustees Deed
related
—
—
—
Brian C Harbert
—
Deed Of Trust
related
$265,000 · 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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