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Property profile & analytics
OFF-MARKET
Estimated value
$3,800,000
Apartment buildings
241 Fremont Sq Montebello, CA 90640-4858
Entity Owned
2-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US09-9602914
Property profile
Verified
Property type
Apartment buildings
Use group
APARTMENT HOUSE (5+ UNITS)
Year built
1958
Construction
WOOD
Total area
9,912 SF
Lot
0.5 ac (21,717 SF)
Zoning code
MNR3YY
APN
6347-008-015
UPID
US09-9602914
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
$3.80M
CAP Approach
CAP
$2.46M
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$3.80M
Owner & transaction history
Fremont Sq Holdings Mm LLC · 2 yrs held
Fremont Sq Holdings Mm LLC
since 2024
Last sale
$3.8M
7 recorded transactions
Zoning & alternative use
MNR3YY · Montebello, CA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Neighborhood: shopping center
$6.0M
+153.7%
Auto repair, garage
$4.6M
+92.8%
Medical building
$4.5M
+89.5%
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 Montebello submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Montebello 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
$3,800,000
ML approach
$3,800,000
CAP Approach
CAP Return
Estimation
6%
$2,660,000
6.5%
$2,455,000
7%
$2,280,000
Alternative Use
Use
Estimation
APARTMENT HOUSE (5+ UNITS)
$2,380,000
Current use
NEIGHBORHOOD: SHOPPING CENTER
$6,030,000
Change: +154% · Conversion: Difficult
AUTO REPAIR, GARAGE
$4,585,000
Change: +93% · Conversion: Difficult
MEDICAL BUILDING
$4,505,000
Change: +89% · Conversion: Moderate
WAREHOUSE, STORAGE
$2,910,000
Change: +22% · Conversion: Difficult
RETAIL STORES
$2,855,000
Change: +20% · Conversion: Difficult
COMMERCIAL (GENERAL)
$2,690,000
Change: +13% · Conversion: Moderate
Blend value · Realmo final
$3.80M
Range $3.42M – $4.18M · ±10% · vs last sale $3.80M (Jul 12 2024)
Last sale anchor
$3.80M
Jul 12 2024
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
$383 / 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
$19,687
Tax year 2024
Assessed value
$1,176,974
Assessed 2024
Previous assessed
$1,176,974
+0.0% YoY
Effective rate
1.67%
On assessed value
Assessed land
$631,906
Assessed improvement
$545,068
Applied tax rate
6.0000
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
1958
Construction
WOOD
Heating
NONE
Cooling
YES
Units
16
Bathrooms
16
Total area
9,912 SF
Lot
0.5 ac (21,717 SF)
Zoning code
MNR3YY
APN
6347-008-015
UPID
US09-9602914
Jurisdiction
LOS ANGELES
Metro division
LOS ANGELES-LONG BEACH-GLENDALE, CA METROPOLITAN DIVISION
Zoning & alternative use
MNR3YY · Montebello, CA
Zoning MNR3YY · permitted uses
MNR3YY · Montebello, CA
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Montebello. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
APARTMENT HOUSE (5+ UNITS) Current
Est. value
$2.4M
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$6.0M
AUTO REPAIR, GARAGE
Est. value
$4.6M
MEDICAL BUILDING
Est. value
$4.5M
WAREHOUSE, STORAGE
Est. value
$2.9M
RETAIL STORES
Est. value
$2.9M
COMMERCIAL (GENERAL)
Est. value
$2.7M
APARTMENT HOUSE (5+ UNITS) Current
NEIGHBORHOOD: SHOPPING CENTER
AUTO REPAIR, GARAGE
MEDICAL BUILDING
WAREHOUSE, STORAGE
RETAIL STORES
COMMERCIAL (GENERAL)
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
1958
Construction
WOOD
Heating
NONE
Cooling
Yes
Units
16
Bathrooms
16
Lot
0.5 ac
Current owner
From public records · entity-resolved
Fremont Sq Holdings Mm LLC
Entity
Mailing address
5967 W 3RD ST STE #360, LOS ANGELES, CA 90036-2890
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2024
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
7 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jul 12, 2024
$3,800,000
Fremont Sq Holdings Mm LLC
Ann Hart Allise
Grant Deed
$2,660,000 · Arakelian Family Trust
Aug 31, 2021
—
Ann Hart Allise
Sam Arakelian
Affidavit Death Of Trustee/successor Trustee
—
Apr 18, 2017
—
Arakelian Family Trust A
Arakelian Family Trust
Quit Claim Deed
related
—
Jan 24, 2017
—
Sam Arakelian
Arakelian,martha
Affidavit Of Death
related
—
—
—
Sam An Arakelian
—
Deed Of Trust
related
$100,000 · Garfield Bank
—
—
Sam An Arakelian
—
Deed Of Trust
related
$30,000 · Garfield Bank
—
—
Arakelian,trust
—
Deed Of Trust
related
$250,000 · World Savings & Loan
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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