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Property profile & analytics
OFF-MARKET
Estimated value
$1,215,000
Warehouses
2223 El Sol Ave Altadena, CA 91001-5331
Trust Owned
12-yr Hold
Free & Clear
Property ID
US09-6250079
Property profile
Verified
Property type
Warehouses
Use group
WAREHOUSE, STORAGE
Year built
1990
Construction
WOOD
Total area
7,466 SF
Lot
0.36 ac (15,535 SF)
Zoning code
LCR2*
APN
5827-008-070
UPID
US09-6250079
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
-
Air Conditioning Solutions HVAC Service General Contractor
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$1.50M
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$1.22M
Owner & transaction history
Balanchi,s & A Living Trust · 12 yrs held
Balanchi,s & A Living Trust
since 2013
7 recorded transactions
Zoning & alternative use
LCR2* · Altadena, 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 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
by Request
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
$1,620,000
6.5%
$1,495,000
7%
$1,390,000
Blend value · Realmo final
$1.22M
Range $1.09M – $1.34M · ±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
$163 / 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
$14,965
Tax year 2024
Assessed value
$1,178,530
Assessed 2024
Previous assessed
$1,178,530
+0.0% YoY
Effective rate
1.27%
On assessed value
Assessed land
$525,367
Assessed improvement
$653,163
Applied tax rate
7.0000
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
Warehouses
Use group
WAREHOUSE, STORAGE
Status
Off-Market
Year built
1990
Construction
WOOD
Heating
NONE
Buildings
2
Stories
1
Units
2
Total area
7,466 SF
Lot
0.36 ac (15,535 SF)
Zoning code
LCR2*
APN
5827-008-070
UPID
US09-6250079
Jurisdiction
LOS ANGELES
Metro division
LOS ANGELES-LONG BEACH-GLENDALE, CA METROPOLITAN DIVISION
Zoning & alternative use
LCR2* · Altadena, CA
Zoning LCR2* · permitted uses
LCR2* · 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.
Building & site characteristics
From public records
Year built
1990
Construction
WOOD
Heating
NONE
Stories
1
Buildings
2
Units
2
Lot
0.36 ac
Current owner
From public records · entity-resolved
Balanchi,s & A Living Trust
Trust
Free & Clear · 12 yrs held
Mailing address
PO BOX 9508, GLENDALE, CA 91226-0508
Ownership since
2013
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
14 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Oct 3, 2013
—
Balanchi,s & A Living Trust
Balanchi,steven & Alice
Quit Claim Deed
related
—
Jun 26, 2013
—
Steven Balanchi
Balanchi Family Trust
Quit Claim Deed
related
—
Apr 28, 2003
$830,000
Balanchi,tr
Fender,david R & Joann M
Grant Deed
—
Oct 31, 1996
$625,000
David R Fender
Hopkins,g J & M R Trustees
Grant Deed
—
Sep 27, 1994
—
Hopkins Gary J
—
Deed Of Trust
related
—
Apr 1, 1992
$82,000
Hopkins Trust
Parker,david A
Grant Deed
—
Oct 6, 1989
$200,000
Parker David A
Carp
Grant Deed
$125,000 · Charter Pacific Bank
Apr 11, 1989
—
H M Carpenter
Carpenter H M&
Quit Claim Deed
related
—
Mar 28, 1989
$136,000
Parker David A
Stewart John H&a
Trustees Deed
—
Mar 28, 1989
$340,000
Carpenter H M&
Midexchange
Trustees Deed
$170,000 · Pac West Busines
Mar 28, 1989
$268,000
Pac West Busines
Parker David A
Trustees Deed
related
—
Jun 17, 1988
$125,500
John H Stewart
Kirk Walter&sara
Grant Deed
related
—
—
—
Parker David A
—
Deed Of Trust
related
$500,000 · Charter Pacific Bank
—
—
Hopkins Trust
—
Deed Of Trust
related
$378,000 · First Business Bank
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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