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Property profile & analytics
OFF-MARKET
Estimated value
$4,205,000
Apartment buildings
2349 Ave J8 Lancaster, CA 93536-5706
Entity Owned
6-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US09-6492265
Property profile
Verified
Property type
Apartment buildings
Use group
APARTMENT HOUSE (5+ UNITS)
Year built
1985
Construction
WOOD
Total area
22,320 SF
Lot
1.98 ac (86,178 SF)
Zoning code
LRRA7000*
APN
3124-013-001
UPID
US09-6492265
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
$5.14M
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$4.21M
Owner & transaction history
Golden Opportunity Investments LP · 6 yrs held
Golden Opportunity Investments LP
since 2020
7 recorded transactions
Zoning & alternative use
LRRA7000* · Lancaster, 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 Lancaster submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Lancaster 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%
$5,570,000
6.5%
$5,140,000
7%
$4,775,000
Alternative Use
Use
Estimation
COMMERCIAL (GENERAL)
$6,895,000
Change: -8% · Conversion: Moderate
NEIGHBORHOOD: SHOPPING CENTER
$6,135,000
Change: -18% · Conversion: Difficult
AUTO REPAIR, GARAGE
$6,120,000
Change: -18% · Conversion: Difficult
Blend value · Realmo final
$4.21M
Range $3.78M – $4.63M · ±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
$188 / 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
$45,305
Tax year 2024
Assessed value
$2,787,722
Assessed 2024
Previous assessed
$2,787,722
+0.0% YoY
Effective rate
1.63%
On assessed value
Assessed land
$418,157
Assessed improvement
$2,369,565
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
Units
21
Bathrooms
42
Total area
22,320 SF
Lot
1.98 ac (86,178 SF)
Zoning code
LRRA7000*
APN
3124-013-001
UPID
US09-6492265
Jurisdiction
LOS ANGELES
Metro division
LOS ANGELES-LONG BEACH-GLENDALE, CA METROPOLITAN DIVISION
Zoning & alternative use
LRRA7000* · Lancaster, CA
Zoning LRRA7000* · permitted uses
LRRA7000* · Lancaster, CA
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Lancaster. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
COMMERCIAL (GENERAL)
Est. value
$6.9M
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$6.1M
AUTO REPAIR, GARAGE
Est. value
$6.1M
COMMERCIAL (GENERAL)
NEIGHBORHOOD: SHOPPING CENTER
AUTO REPAIR, GARAGE
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
21
Bathrooms
42
Lot
1.98 ac
Current owner
From public records · entity-resolved
Golden Opportunity Investments LP
Entity
Mailing address
4900 SANTA ANITA AVE STE 2C, EL MONTE, CA 91731-1490
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
12 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Mar 12, 2026
—
Golden Opportunity Investments LP
—
Deed
related
$27,000,250 · Symetra Life Insurance Co
Jul 16, 2020
—
Golden Opportunity Investments LP
Group Xiii Properties LP
Grant Deed
$2,340,000 · East West Bank
Jul 9, 2019
$2,600,000
Group Xiii Properties LP
Infinity Home One LLC
Grant Deed
$2,600,000 · Western Alliance Bank
Mar 23, 2015
$2,000,000
Infinity Home One LLC
Sunlight Townhome LLC
Grant Deed
—
Jul 23, 2007
—
Sunlight Townhome INC
Hong,min J
Grant Deed
—
Jul 20, 2007
—
Sunlight Townhome LLC
Hong,min J
Grant Deed
related
—
Sep 21, 2006
—
Min J Hong
—
Deed Of Trust
related
$9,000,000 · Saehan Bank
Jul 19, 2005
—
Min J Hong
—
Deed Of Trust
related
$7,500,000 · Saehan Bank
Sep 30, 2004
—
Min J Hong
—
Deed Of Trust
related
$4,800,000 · Saehan Bank
May 26, 2004
—
Min J Hong
—
Deed Of Trust
related
$2,000,000 · Saehan Bank
Oct 19, 1989
$1,190,000
Min J Hong
Wm
Grant Deed
$650,000 · Western Financial Savings Bank
—
—
Min J Hong
—
Deed Of Trust
related
$3,300,000 · Saehan 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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