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Property profile & analytics
OFF-MARKET
Estimated value
$2,180,000
Apartment buildings
245 Alvarado St Los Angeles, CA 90026-6705
Entity Owned
5-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US09-6835580
Property profile
Verified
Property type
Apartment buildings
Use group
APARTMENT HOUSE (5+ UNITS)
Year built
1990
Construction
WOOD
Total area
46,126 SF
Lot
0.52 ac (22,704 SF)
Zoning code
LAR4
APN
5157-020-104
UPID
US09-6835580
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
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$2.18M
Owner & transaction history
Alvarado Limited Partnership · 5 yrs held
Alvarado Limited Partnership
since 2020
7 recorded transactions
Zoning & alternative use
LAR4 · 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
CAP Approach
Comparable Approach
Alternative Use
Get a detailed, property-specific estimation — fast and free
Price per SF
Sale + rent benchmarks
Subject property
$47 / 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
$174,286
Tax year 2024
Assessed value
$14,069,363
Assessed 2024
Previous assessed
$14,069,363
+0.0% YoY
Effective rate
1.24%
On assessed value
Assessed land
$8,412,785
Assessed improvement
$5,656,578
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
1990
Construction
WOOD
Heating
NONE
Cooling
CENTRAL
Units
60
Bathrooms
78
Total area
46,126 SF
Lot
0.52 ac (22,704 SF)
Zoning code
LAR4
APN
5157-020-104
UPID
US09-6835580
Jurisdiction
LOS ANGELES
Metro division
LOS ANGELES-LONG BEACH-GLENDALE, CA METROPOLITAN DIVISION
Zoning & alternative use
LAR4 · Los Angeles, CA
Zoning LAR4 · permitted uses
LAR4 · 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
1990
Construction
WOOD
Heating
NONE
Cooling
Yes
Units
60
Bathrooms
78
Lot
0.52 ac
Current owner
From public records · entity-resolved
Alvarado Limited Partnership
Entity
Mailing address
7440 SEPULVEDA BLVD STE #331, VAN NUYS, CA 91405-4939
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
Aug 3, 2020
—
Alvarado Limited Partnership
Nidal A Barakat Family LP
Grant Deed
$8,000,000 · Prudential Multifamily Mortgage LLC
Jul 29, 2020
—
Alvarado LP
Nidal A Barakat Family LP
Quit Claim Deed
—
Dec 29, 2016
—
Nidal A Barakat Family LP
Barakat Nidal A Family Trust
Quit Claim Deed
—
Jun 2, 2014
$6,418,500
Barakat,nidal A Family Trust
245 N Alvarado LLC
Grant Deed
—
Oct 22, 2010
$7,525,075
245 N Alvarado LLC
New Alvarado Investors LLC
Grant Deed
$5,400,000 · Arbor Commercial Funding LLC
Aug 26, 2005
$6,500,000
New Alvarado Investors LLC
245-255 N Alvarado LLC
Grant Deed
$5,125,000 · Impac Multifamily Capital Corp
Jun 13, 2003
$4,580,500
245-255 North Alvarado LLC
Hayashi
Grant Deed
$3,562,500 · Luther Burbank Savings & Loan
Apr 4, 2000
—
Hayashi,steve S Trustee
Hayashi,s
Quit Claim Deed
related
—
May 25, 1999
—
Steve Hayashi
Hayashi,s
Quit Claim Deed
related
—
Oct 21, 1994
$1,960,000
Steve Hayashi
Home Savings Of America
Grant Deed
$1,372,000 · Home Savings Of America
Aug 1, 1994
—
Home Savings Of America
—
Deed Of Trust
related
—
—
—
Shen Trust
—
Deed Of Trust
related
$1,800,000 · Trust Bank Fsb
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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