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Property profile & analytics
OFF-MARKET
Estimated value
$1,550,000
Apartment buildings
2337 Del Mar Rd Montrose, CA 91020-1448
Entity Owned
6-yr Hold
Absentee Owner
Property ID
US09-8008760
Property profile
Verified
Property type
Apartment buildings
Use group
APARTMENT HOUSE (5+ UNITS)
Year built
1985
Construction
WOOD
Total area
10,540 SF
Lot
0.51 ac (22,136 SF)
Zoning code
LCR3-R1*
APN
5807-001-046
UPID
US09-8008760
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
-
Music Made Easier! Tutoring Service
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$1.55M
Owner & transaction history
2337 Del Mar Roap LLC · 6 yrs held
2337 Del Mar Roap LLC
since 2020
6 recorded transactions
Zoning & alternative use
LCR3-R1* · 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
CAP Approach
Comparable Approach
Alternative Use
Get a detailed, property-specific estimation — fast and free
Price per SF
Sale + rent benchmarks
Subject property
$147 / 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
$28,599
Tax year 2024
Assessed value
$2,313,266
Assessed 2024
Previous assessed
$2,313,266
+0.0% YoY
Effective rate
1.24%
On assessed value
Assessed land
$1,186,128
Assessed improvement
$1,127,138
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
CENTRAL
Buildings
3
Units
12
Bathrooms
4
Total area
10,540 SF
Lot
0.51 ac (22,136 SF)
Zoning code
LCR3-R1*
APN
5807-001-046
UPID
US09-8008760
Jurisdiction
LOS ANGELES
Metro division
LOS ANGELES-LONG BEACH-GLENDALE, CA METROPOLITAN DIVISION
Zoning & alternative use
LCR3-R1* · Montrose, CAZoning LCR3-R1* · permitted uses
LCR3-R1* · Montrose, CA
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Building & site characteristics
From public records
Year built
1985
Construction
WOOD
Heating
NONE
Cooling
Yes
Buildings
3
Units
12
Bathrooms
4
Lot
0.51 ac
Current owner
From public records · entity-resolved
2337 Del Mar Roap LLC
Entity
Mailing address
1313 FOOTHILL BLVD STE #8, LA CANADA, CA 91011-2162
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2020
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
6 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
May 26, 2020
—
2337 Del Mar Roap LLC
Nancy Foster
Quit Claim Deed
related
$250,000 · Jpmorgan Chase Bank NA
Jun 21, 2019
—
Gragg Living Trust
Garth Gragg
Affidavit Of Death
related
—
Aug 20, 2018
$547,500
Anderson Family -qtip Trust
Anderson Family Trust
Grant Deed
—
Jul 20, 2018
—
Gragg Living Trust
Vera D Gragg
Affidavit Of Death
—
Aug 16, 2017
—
Gragg Living Trust
Del Mar Road Ptshp
Correction Deed
related
—
Dec 18, 2015
—
Gragg Living Trust
Del Mar Road Ptshp
Quit Claim Deed
—
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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