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Property profile & analytics
OFF-MARKET
Estimated value
$2,800,000
Apartment buildings
250 Ave R R Palmdale, CA 93550-2622
Entity Owned
4-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US09-8632177
Property profile
Verified
Property type
Apartment buildings
Use group
APARTMENT HOUSE (5+ UNITS)
Year built
1989
Construction
WOOD
Total area
73,766 SF
Lot
5.25 ac (228,833 SF)
Zoning code
PDR3
APN
3010-030-028
UPID
US09-8632177
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
$2.80M
Owner & transaction history
The Cape Apartments LLC · 4 yrs held
The Cape Apartments LLC
since 2021
7 recorded transactions
Zoning & alternative use
PDR3 · Palmdale, 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 Palmdale submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Palmdale 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
$38 / 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
$88,652
Tax year 2024
Assessed value
$3,539,380
Assessed 2024
Previous assessed
$3,539,380
+0.0% YoY
Effective rate
2.50%
On assessed value
Assessed land
$611,545
Assessed improvement
$2,927,835
Applied tax rate
11.0000
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
1989
Construction
WOOD
Heating
NONE
Cooling
CENTRAL
Buildings
5
Units
81
Bathrooms
48
Total area
73,766 SF
Lot
5.25 ac (228,833 SF)
Zoning code
PDR3
APN
3010-030-028
UPID
US09-8632177
Jurisdiction
LOS ANGELES
Metro division
LOS ANGELES-LONG BEACH-GLENDALE, CA METROPOLITAN DIVISION
Zoning & alternative use
PDR3 · Palmdale, CA
Zoning PDR3 · permitted uses
PDR3 · Palmdale, CA
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Palmdale. Always verify with local authorities before improvements.
Building & site characteristics
From public records
Year built
1989
Construction
WOOD
Heating
NONE
Cooling
Yes
Buildings
5
Units
81
Bathrooms
48
Lot
5.25 ac
Current owner
From public records · entity-resolved
The Cape Apartments LLC
Entity
Mailing address
2632 WILSHIRE BLVD #595, SANTA MONICA, CA 90403-4623
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2021
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
9 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Aug 30, 2021
—
The Cape Apartments LLC
The Cape Apartments INC
Grant Deed
$3,600,000 · Readycap Commercial LLC
Jul 28, 2016
—
Cape Apartments INC
—
Deed
related
$3,800,000 · Readycap Com'l
Jun 8, 1994
$2,125,000
Cape Apartments INC
Property Asset M
Grant Deed
$1,593,750 · Property Asset Management INC
May 27, 1993
$2,000,000
Property Asset Management INC
Cape At Palmdale
Trustees Deed
related
—
May 4, 1992
—
Capital Holding Forbes
Foss,ronald P
Grant Deed
related
—
Jul 17, 1990
$2,162,856
Ronald P Foss
Cape Palmdale
Trustees Deed
related
—
—
—
Cape Apartments INC
—
Deed Of Trust
related
$4,404,000 · Arcs Commercial Mortgage Co LP
—
—
Cape Apartments INC
—
Deed Of Trust
related
$2,175,000 · Arcs Commercial Mortgage Co LP
—
—
Cape Apartments INC
—
Deed Of Trust
related
$3,800,000 · Readycap Com'l
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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