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Property profile & analytics
OFF-MARKET
Estimated value
$1,040,000
Parking lots & garages
2509 Lk Ave Altadena, CA 91001-2433
Individually Owned
Absentee Owner
Free & Clear
Property ID
US09-8119836
Property profile
Verified
Property type
Parking lots & garages
Use group
PARKING LOT
Year built
1950
Construction
WOOD
Total area
2,175 SF
Lot
0.05 ac (2,186 SF)
Zoning code
LCC3*
APN
5845-017-004
UPID
US09-8119836
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
-
Greenwood General Insurance Agency Insurance Agency
-
Scott Investigation Services Law Firm Security Service
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$930k
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$1.04M
Owner & transaction history
Donald Frederick Barrett III
Donald Frederick Barrett III
since 2025
Last sale
$1.2M
5 recorded transactions
Zoning & alternative use
LCC3* · Altadena, CA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Neighborhood: shopping center
$1.3M
+19.8%
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 Altadena submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Altadena 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
$830,000
ML approach
$930,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
PARKING LOT
$1,105,000
Current use
NEIGHBORHOOD: SHOPPING CENTER
$1,325,000
Change: +20% · Conversion: Difficult
AUTO REPAIR, GARAGE
$1,005,000
Change: -9% · Conversion: Difficult
MEDICAL BUILDING
$990,000
Change: -11% · Conversion: Difficult
OFFICE BUILDING
$975,000
Change: -12% · Conversion: Difficult
Blend value · Realmo final
$1.04M
Range $936k – $1.14M · ±10% · vs last sale $1.20M (Feb 21 2023)
Last sale anchor
$1.20M
Feb 21 2023
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
$478 / 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
$3,611
Tax year 2024
Assessed value
$303,960
Assessed 2024
Previous assessed
$303,960
+0.0% YoY
Effective rate
1.19%
On assessed value
Assessed land
$302,940
Assessed improvement
$1,020
Applied tax rate
7.0000
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
Parking lots & garages
Use group
PARKING LOT
Status
Off-Market
Year built
1950
Construction
WOOD
Heating
NONE
Total area
2,175 SF
Lot
0.05 ac (2,186 SF)
Zoning code
LCC3*
APN
5845-017-004
UPID
US09-8119836
Jurisdiction
LOS ANGELES
Metro division
LOS ANGELES-LONG BEACH-GLENDALE, CA METROPOLITAN DIVISION
Zoning & alternative use
LCC3* · Altadena, CA
Zoning LCC3* · permitted uses
LCC3* · Altadena, CA
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Altadena. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
PARKING LOT Current
Est. value
$1.1M
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$1.3M
AUTO REPAIR, GARAGE
Est. value
$1.0M
MEDICAL BUILDING
Est. value
$990,000
OFFICE BUILDING
Est. value
$975,000
PARKING LOT Current
NEIGHBORHOOD: SHOPPING CENTER
AUTO REPAIR, GARAGE
MEDICAL BUILDING
OFFICE BUILDING
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
1950
Construction
WOOD
Heating
NONE
Lot
0.05 ac
Current owner
From public records · entity-resolved
Donald Frederick Barrett III
Individual
Free & Clear · 0 yrs held
Mailing address
94 E MARIPOSA ST, ALTADENA, CA 91001-5165
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2025
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
Nov 12, 2025
$6,000
Donald Frederick Barrett III
The Steven John Bullum Living Trust
Grant Deed
—
Dec 26, 2024
—
Sequence Realty LLC
—
Deed
related
$749,100 · Bank Of America NA
Feb 21, 2023
$1,200,000
Sequence Realty LLC
Otis D Dier
Grant Deed
$999,900 · Bank Of America NA
Jun 27, 2002
$235,000
Otis D Dier
Freitas,manuel & Maria A
Grant Deed
$176,250 · Cnl Commercial Finance INC
—
—
Manuel A Freitas
—
Deed Of Trust
related
$25,000 · Insurance Agency
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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