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Property profile & analytics
OFF-MARKET
Estimated value
$75,985,000
Apartment buildings
24640 Town Ctr Dr Santa Clarita, CA 91355-4911
Entity Owned
3-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US09-8397213
Property profile
Verified
Property type
Apartment buildings
Use group
APARTMENT HOUSE (5+ UNITS)
Year built
1999
Construction
WOOD
Total area
200,717 SF
Lot
7.62 ac (331,852 SF)
Zoning code
SCCR
APN
2861-062-018
UPID
US09-8397213
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
-
Bell Valencia Apartment Complex Apartment Building
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$46.71M
Comparable Approach
Comparable
$72.22M
Blend (final)
Blend
$75.99M
Owner & transaction history
Bell Fund Vii Valencia LLC · 3 yrs held
Bell Fund Vii Valencia LLC
since 2022
Last sale
$92.3M
5 recorded transactions
Zoning & alternative use
SCCR · Santa Clarita, CA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Office building
$98.1M
+141.0%
Medical building
$91.2M
+124.3%
Retail stores
$83.0M
+103.9%
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 Santa Clarita submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Santa Clarita 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
$76,405,000
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
$50,605,000
6.5%
$46,710,000
7%
$43,375,000
Alternative Use
Use
Estimation
OFFICE BUILDING
$98,060,000
Change: +141% · Conversion: Moderate
MEDICAL BUILDING
$91,240,000
Change: +124% · Conversion: Moderate
RETAIL STORES
$82,965,000
Change: +104% · Conversion: Difficult
AUTO REPAIR, GARAGE
$81,785,000
Change: +101% · Conversion: Difficult
WAREHOUSE, STORAGE
$62,305,000
Change: +53% · Conversion: Difficult
Blend value · Realmo final
$75.99M
Range $68.39M – $83.58M · ±10% · vs last sale $92.30M (Oct 18 2022)
Last sale anchor
$92.30M
Oct 18 2022
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
$379 / 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
$1,254,191
Tax year 2024
Assessed value
$94,335,018
Assessed 2024
Previous assessed
$94,335,018
+0.0% YoY
Effective rate
1.33%
On assessed value
Assessed land
$18,360,000
Assessed improvement
$75,975,018
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
1999
Construction
WOOD
Heating
NONE
Cooling
CENTRAL
Buildings
5
Units
210
Bathrooms
110
Total area
200,717 SF
Lot
7.62 ac (331,852 SF)
Zoning code
SCCR
APN
2861-062-018
UPID
US09-8397213
Jurisdiction
LOS ANGELES
Metro division
LOS ANGELES-LONG BEACH-GLENDALE, CA METROPOLITAN DIVISION
Zoning & alternative use
SCCR · Santa Clarita, CA
Zoning SCCR · permitted uses
SCCR · Santa Clarita, CA
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Santa Clarita. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
OFFICE BUILDING
Est. value
$98.1M
MEDICAL BUILDING
Est. value
$91.2M
RETAIL STORES
Est. value
$83.0M
AUTO REPAIR, GARAGE
Est. value
$81.8M
WAREHOUSE, STORAGE
Est. value
$62.3M
OFFICE BUILDING
MEDICAL BUILDING
RETAIL STORES
AUTO REPAIR, GARAGE
WAREHOUSE, STORAGE
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
1999
Construction
WOOD
Heating
NONE
Cooling
Yes
Buildings
5
Units
210
Bathrooms
110
Lot
7.62 ac
Current owner
From public records · entity-resolved
Bell Fund Vii Valencia LLC
Entity
Mailing address
300 N GREENE ST STE #1000, GREENSBORO, NC 27401-2173
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2022
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
5 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Oct 18, 2022
$92,300,000
Bell Fund Vii Valencia LLC
Realty Associates Fund Xi Portfolio
Grant Deed
$50,700,000 · Truist Bank
Aug 6, 2018
$80,500,000
Realty Assocs Fund Xi Portfoli
Gsg Residential Montecito LLC
Grant Deed
—
Mar 25, 2013
$57,000,570
Gsg Residential Montecito LLC
Eqr Wellfan 2008 Limited Partnershi
Grant Deed
$33,527,000 · Cbre Capital Markets INC
Aug 28, 2008
—
Eqr Wellfan 2008 LP
Erp Operating LP
Grant Deed
$550,000 · Wells Fargo Bank NA
Dec 22, 2000
—
Eqr-villa Serenas
Newhall Land & Farming Co
Grant Deed
related
—
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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