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Property profile & analytics
OFF-MARKET
Estimated value
$550,000
Apartment buildings
232 Ave 53 Los Angeles, CA 90042-4042
Entity Owned
11-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US09-6519348
Property profile
Verified
Property type
Apartment buildings
Use group
APARTMENT HOUSE (5+ UNITS)
Year built
1930
Construction
WOOD
Total area
11,175 SF
Lot
0.26 ac (11,487 SF)
Zoning code
LARD1.5
APN
5468-018-008
UPID
US09-6519348
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
$425k
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$676k
Blend (final)
Blend
$550k
Owner & transaction history
Artisan Square LLC · 11 yrs held
Artisan Square LLC
since 2014
7 recorded transactions
Zoning & alternative use
LARD1.5 · Los Angeles, 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 Los Angeles submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Los Angeles 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
$425,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Blend value · Realmo final
$550k
Range $495k – $605k · ±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
$49 / 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
$28,930
Tax year 2024
Assessed value
$2,266,659
Assessed 2024
Previous assessed
$2,266,659
+0.0% YoY
Effective rate
1.28%
On assessed value
Assessed land
$1,178,281
Assessed improvement
$1,088,378
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
1930
Construction
WOOD
Heating
NONE
Cooling
YES
Units
16
Bathrooms
16
Total area
11,175 SF
Lot
0.26 ac (11,487 SF)
Zoning code
LARD1.5
APN
5468-018-008
UPID
US09-6519348
Jurisdiction
LOS ANGELES
Metro division
LOS ANGELES-LONG BEACH-GLENDALE, CA METROPOLITAN DIVISION
Zoning & alternative use
LARD1.5 · Los Angeles, CA
Zoning LARD1.5 · permitted uses
LARD1.5 · Los Angeles, CA
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Los Angeles. Always verify with local authorities before improvements.
Building & site characteristics
From public records
Year built
1930
Construction
WOOD
Heating
NONE
Cooling
Yes
Units
16
Bathrooms
16
Lot
0.26 ac
Current owner
From public records · entity-resolved
Artisan Square LLC
Entity
Mailing address
17328 VENTURA BLVD #218, ENCINO, CA 91316-3904
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2014
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
23 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Oct 29, 2021
—
Artisan Square LLC
—
Deed
related
$2,560,000 · Pacific Premier Bank
Jul 18, 2017
—
Artisan Square LLC
—
Deed
related
$2,150,000 · Financial Ptrs Cu
May 12, 2017
—
Bobbitt Family Trust
—
Deed
related
$450,000 · Private Individual
Jan 26, 2017
—
Artisan Square LLC
—
Deed
related
$450,000 · Private Individual
Dec 13, 2016
—
Artisan Square LLC
—
Deed
related
$300,000 · Louis E Mahler
Nov 18, 2016
—
Artisan Square LLC
—
Deed
related
$100,000 · Brown Ed & Mimi Family Tr (pt)
Jul 1, 2016
—
Artisan Square LLC
—
Deed
related
$500,000 · Private Individual
Nov 14, 2014
$1,035,500
Artisan Square LLC
Pi Ave 53 LP
Grant Deed
$635,320 · Pi Ave 53 LP
Apr 29, 2013
—
Pi Ave 53 LP
Yalamanchili,rao R & Indira D
Grant Deed
$910,000 · Opus Bank
Oct 3, 2005
$1,170,000
Rao R Yalamanchili
232 Avenue 53 LLC
Grant Deed
—
Sep 20, 2002
$680,000
232 Avenue 53 LLC
Mattazaro,anthony & Rose H
Grant Deed
$585,000 · Anthony & Rose Mattazaro
Apr 11, 2001
$333,935
Anthony J Mattazaro
Thomas,harry
Trustees Deed
—
Oct 10, 1997
$360,000
Harry Thomas
Mattazaro,anthony J & Rose H
Grant Deed
$306,800 · Seller
—
—
Harry Thomas
—
Deed Of Trust
related
$70,000 · Innercircle Enterprises INC
—
—
Artisan Square LLC
—
Deed Of Trust
related
$250,000 · Bernard T S Living Trust (lt)
—
—
Rao R Yalamanchili
—
Deed Of Trust
related
$850,000 · Pacific Premier Bank
—
—
Artisan Square LLC
—
Deed Of Trust
related
$500,000 · Private Individual
—
—
Artisan Square LLC
—
Deed Of Trust
related
$100,000 · Brown Ed & Mimi Family Tr (pt)
—
—
Artisan Square LLC
—
Deed Of Trust
related
$450,000 · Private Individual
—
—
Artisan Square LLC
—
Deed Of Trust
related
$300,000 · Louis E Mahler
—
—
Bobbitt Family Trust
—
Deed Of Trust
related
$450,000 · Private Individual
—
—
Artisan Square LLC
—
Deed Of Trust
related
$2,150,000 · Financial Ptrs Cu
—
—
Melvin Garrett
—
Deed Of Trust
related
$60,000 · Essex Mortgage Corp
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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