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Property profile & analytics
OFF-MARKET
Estimated value
$2,270,000
Apartment buildings
2204 Waltonia Dr Montrose, CA 91020
Individually Owned
10-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US09-8008640
Property profile
Verified
Property type
Apartment buildings
Use group
APARTMENT HOUSE (5+ UNITS)
Year built
1985
Construction
WOOD
Total area
12,398 SF
Lot
0.38 ac (16,721 SF)
Zoning code
LCR3*
APN
5810-012-055
UPID
US09-8008640
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
$3.07M
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$2.27M
Owner & transaction history
Soohun Jung & Sungkey Jung 2014 Rev · 10 yrs held
Soohun Jung & Sungkey Jung 2014 Rev
since 2015
7 recorded transactions
Zoning & alternative use
LCR3* · Montrose, 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 Montrose submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Montrose 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%
$3,325,000
6.5%
$3,070,000
7%
$2,850,000
Alternative Use
Use
Estimation
APARTMENT HOUSE (5+ UNITS)
$3,270,000
Current use
Blend value · Realmo final
$2.27M
Range $2.04M – $2.50M · ±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
$183 / 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
$47,271
Tax year 2024
Assessed value
$4,072,045
Assessed 2024
Previous assessed
$4,072,045
+0.0% YoY
Effective rate
1.16%
On assessed value
Assessed land
$1,827,920
Assessed improvement
$2,244,125
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
Apartment buildings
Use group
APARTMENT HOUSE (5+ UNITS)
Status
Off-Market
Year built
1985
Construction
WOOD
Heating
NONE
Cooling
YES
Units
10
Bathrooms
20
Total area
12,398 SF
Lot
0.38 ac (16,721 SF)
Zoning code
LCR3*
APN
5810-012-055
UPID
US09-8008640
Jurisdiction
LOS ANGELES
Metro division
LOS ANGELES-LONG BEACH-GLENDALE, CA METROPOLITAN DIVISION
Zoning & alternative use
LCR3* · Montrose, CA
Zoning LCR3* · permitted uses
LCR3* · Montrose, CA
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Montrose. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
APARTMENT HOUSE (5+ UNITS) Current
Est. value
$3.3M
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
1985
Construction
WOOD
Heating
NONE
Cooling
Yes
Units
10
Bathrooms
20
Lot
0.38 ac
Current owner
From public records · entity-resolved
Soohun Jung & Sungkey Jung 2014 Rev
Individual
Mailing address
386 MANFORD WAY, PASADENA, CA 91105-1127
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2015
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
13 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jun 29, 2021
—
Steve Jung Soohun
—
Deed
related
$2,350,000 · Bbcn Bank
Jul 16, 2015
$3,500,000
Soohun Jung & Sungkey Jung 2014 Rev
Calsa LLC
Grant Deed
$2,000,000 · Mufg Union Bank NA
Jul 1, 2008
—
Mountain Ridge Investments LLC
Anderson M & K Fam Trust
Grant Deed
—
Jul 1, 2008
$3,005,000
Calsa LLC
Sunridge Investments LLC
Grant Deed
—
Jun 30, 2008
$3,005,000
Calsa LLC
Sunridge Investments LLC
Grant Deed
—
Jun 30, 2008
—
Sunridge Investments LLC
Rohner K W & J Living Trust
Grant Deed
related
—
May 17, 2005
—
Michael Howard Anderson
Kathryn Ann Anderson
Intrafamily Transfer
related
$1,600,000 · Washington Mutual Bank
Apr 11, 2005
$25,000
Anderson Michael & K Trust
Jacobsen Von & R Trust
Grant Deed
—
Apr 26, 2004
—
Rohner,tr
Rohner,jamie S
Quit Claim Deed
related
—
Mar 25, 2004
$25,000
Rohner,tr
Kozlowski,julie
Grant Deed
—
Dec 26, 2003
$10,000
Jamie S Rohner
Anderson,tr
Grant Deed
—
Dec 26, 2003
—
Jamie S Rohner
Rohner,kent W
Quit Claim Deed
related
—
Jul 6, 1998
—
Candice M Buhl
Buhl C M Trustee,
Quit Claim 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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