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    Property profile & analytics

    238 Jessie St San Fernando, CA 91340-3020

    • Apartment buildings
    • 21,406 SF
    • 0.71 lot acres
    OFF-MARKET
    Last Sale
    Oct 03, 2022
    Value Estimations
    $2,290,000
    Show details
    Cap Rate Potential
    Location Intelligence
    Property ID
    US09-7551328
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.

    Current Use by Public Records

    • Jessie Street Apartments / Apartment Complex

    Property Details for 238 Jessie St

    Year built
    1963
    Construction
    WOOD
    Lot size
    0.71 lot acres
    Property size
    21,406 SF
    Zone code
    SFR3*
    Property type
    Apartment buildings
    APN
    2519-020-029
    APU
    2519020029

    Value Estimations

    based on Realmo’s proprietary methodology

    • Comparable approach

      Method
      Estimation
      Statistic Estimate
      $2,455,000
      Market price range: $2.46M - $6.19M

    Get a detailed, property-specific valuation — fast and free

    Location Insight

    • Map
    • Local Demand
    City
    San Fernando
    County
    Los Angeles
    State
    California
    Longitude
    -118.434
    Latitude
    34.2822
    CBSA code
    31080
    CBSA name
    LOS ANGELES-LONG BEACH-ANAHEIM, CA METROPOLITAN STATISTICAL AREA

    Property Tax & Assessments

    Tax date
    Tax Amount
    Assessed Land Value
    Assessed Improvement Value
    Total Assessed Value
    Applied Tax Rate
    Land Market Value
    Improvement Market Value
    Total Market Value
    2024
    $18,786
    $146,066
    $997,479
    $1,143,545
    -
    $0.00
    $0.00
    $0.00

    Comparable in this City

    • Value Estimation
      $3,645,000
      23,325 SF

      1333 Glenoaks Blvd

      APARTMENT HOUSE (5+ UNITS) • 23,325 SF
      1333 Glenoaks Blvd, San Fernando, CA 91340-1745
      View Details
    • Value Estimation
      $715,000
      4,353 SF

      132 Harps St

      APARTMENT HOUSE (5+ UNITS) • 4,353 SF
      132 Harps St, San Fernando, CA 91340-2844
      View Details
    • Value Estimation
      $960,000
      5,600 SF

      13277 Maclay St

      APARTMENT HOUSE (5+ UNITS) • 5,600 SF
      13277 Maclay St, San Fernando, CA 91340-1343
      View Details
    • Value Estimation
      $2,155,000
      15,934 SF

      333 Kalisher St

      APARTMENT HOUSE (5+ UNITS) • 15,934 SF
      333 Kalisher St, San Fernando, CA 91340-3579
      View Details
    • Value Estimation by Request
      2,032 SF

      12539 Adelphia Ave

      APARTMENT HOUSE (5+ UNITS) • 2,032 SF
      12539 Adelphia Ave, San Fernando, CA 91340-1200
      View Details
    • Value Estimation
      $595,000
      3,426 SF

      13226 Maclay St

      APARTMENT HOUSE (5+ UNITS) • 3,426 SF
      13226 Maclay St, San Fernando, CA 91340-1338
      View Details

    Similar Nearby for Sale

    • $1,800,000
      5,600 SF

      San Fernando Multifamily Investment Opportunity

      10-unit apartment building in San Fernando with income and upside.
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      Well-Maintained Duplex in San Fernando

      Duplex in walkable neighborhood, ideal for owner-users or investors.
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      San Fernando Valley Triplex Investment

      Triplex in San Fernando Valley with income and upside potential.
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    • $1,499,000
      3,793 SF

      San Fernando Mixed-Use Opportunity

      Mixed-use property with residential and renovated commercial space in San Fernando.
      901 N Maclay St, San Fernando, CA 91340
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    • $1,500,000

      San Fernando Office Building For Sale

      Office building for sale with income potential in San Fernando.
      1550 San Fernando Rd, San Fernando, CA 91340
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    • $5,100,000
      1.09 Acres

      San Fernando Industrial Yard Opportunity

      M-2 zoned industrial yard with offices and warehouse in San Fernando.
      669 Arroyo St, San Fernando, CA 91340
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    Similar Nearby for Lease

    • Contact for pricing
      484 SF

      San Fernando Retail Space For Lease

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    • Contact for pricing
      23,925 SF

      Food Processing/Manufacturing Facility For Rent

      Food processing and manufacturing facility with coolers and freezer.
      1516-1606 1St St, San Fernando, CA 91340
      View Details
    • Contact for pricing

      Divisible Retail/Restaurant Space Downtown

      Divisible property suitable for restaurant or retail conversion in San Fernando.
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    • $2 SF/Yr
      3,700 SF

      Corner Office Space Available

      Corner office with parking, server room, and furniture included.
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    • Contact for pricing

      Commercial Space for Rent

      Commercial space available for rent at $11.
      302 S Brand Blvd, San Fernando, CA 91340
      View Details
    • $5,000 /Mo
      600 SF

      Industrial Property in San Fernando

      M2-zoned industrial property ideal for automotive or warehouse businesses.
      712 Arroyo St, San Fernando, CA 91340
      View Details
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    238 Jessie St
    San Fernando, CA 91340-3020
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    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
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