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    Property profile & analytics

    2656 Strathmore Ave Rosemead, CA 91770-3164

    • Apartment buildings
    • 5,283 SF
    • 0.43 lot acres
    OFF-MARKET
    Last Sale
    Nov 14, 2023
    $380,000
    Value Estimations
    $365,000
    Show details
    Cap Rate Potential
    Location Intelligence
    Property ID
    US09-7700805
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.

    Current Use by Public Records

    • Apartment buildings

    Property Details for 2656 Strathmore Ave

    Year built
    1913
    Construction
    WOOD
    Lot size
    0.43 lot acres
    Property size
    5,283 SF
    Zone code
    RMR2*
    Property type
    Apartment buildings
    APN
    5284-029-021
    APU
    5284029021

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      Statistic approach
      $365,000
      ML approach
      $370,000

    • Comparable approach

      Method
      Estimation
      AI Estimate
      $373,000
      Market price range: $210k - $373k

    Get a detailed, property-specific valuation — fast and free

    Location Insight

    • Map
    • Local Demand
    City
    Rosemead
    County
    Los Angeles
    State
    California
    Longitude
    -118.097
    Latitude
    34.0608
    CBSA code
    31080
    CBSA name
    LOS ANGELES-LONG BEACH-ANAHEIM, CA METROPOLITAN STATISTICAL AREA

    Property Tax & Assessments

    Tax date
    Tax Amount
    Assessed Land Value
    Assessed Improvement Value
    Total Assessed Value
    Applied Tax Rate
    Land Market Value
    Improvement Market Value
    Total Market Value
    2024
    $18,771
    $836,846
    $567,430
    $1,404,276
    -
    $0.00
    $0.00
    $0.00

    Comparable in this City

    • Value Estimation
      $250,000
      0.47 Acres

      9100 Garvey Ave

      APARTMENT HOUSE (5+ UNITS) • 0.47 Acres
      9100 Garvey Ave, Rosemead, CA 91770-5300
      View Details
    • Value Estimation
      $375,000
      9,645 SF

      2606 Walnut Grv Ave

      APARTMENT HOUSE (5+ UNITS) • 9,645 SF
      2606 Walnut Grv Ave, Rosemead, CA 91770-3257
      View Details
    • Value Estimation
      $350,000
      6,511 SF

      8424 Dorothy St

      APARTMENT HOUSE (5+ UNITS) • 6,511 SF
      8424 Dorothy St, Rosemead, CA 91770-2604
      View Details
    • Value Estimation
      $650,000
      39,703 SF

      7709 Garvey Ave

      APARTMENT HOUSE (5+ UNITS) • 39,703 SF
      7709 Garvey Ave, Rosemead, CA 91770-3069
      View Details
    • Value Estimation
      $360,000
      4,552 SF

      9349 Ramona Blvd

      APARTMENT HOUSE (5+ UNITS) • 4,552 SF
      9349 Ramona Blvd, Rosemead, CA 91770-2036
      View Details
    • Value Estimation
      $355,000
      3,896 SF

      2510 New Ave

      APARTMENT HOUSE (5+ UNITS) • 3,896 SF
      2510 New Ave, Rosemead, CA 91770-2956
      View Details

    Similar Nearby for Sale

    • $1,380,000
      3,436 SF

      Mixed-Use Property in Rosemead, CA

      Mixed-use property with offices and residential units on Valley Blvd.
      9041 Valley Blvd, Rosemead, CA 91770
      View Details
    • $1,295,000
      Pending

      Rosemead Quadruplex on Corner Lot

      Four-unit property with two vacant units on a corner lot.
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    • $929,000

      Rosemead Duplex: Investment Opportunity

      Well-maintained duplex in Rosemead with updated features and development potential.
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    • $1,350,000
      2,610 SF

      Multifamily Property in Rosemead, CA

      Two-unit multifamily property in Rosemead, CA, with ADU potential.
      3052 Burton Ave, Rosemead, CA 91770
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    • $1,250,000
      1,995 SF

      Duplex on Corner Lot

      Duplex with potential for ADU conversion and RV parking.
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    • $3,250,000
      10,818 SF

      Rosemead Multi-Family Residential Portfolio

      Five single-family homes in a desirable San Gabriel Valley location.
      3421 Lafayette Ave, Rosemead, CA 91770
      View Details

    Similar Nearby for Lease

    • $1,800 /Mo

      Rosemead One-Bedroom Unit For Rent

      One-bedroom unit near restaurants and transportation in Rosemead, CA.
      9501 Steele St, Rosemead, CA 91770
      View Details
    • $2,500 /Mo

      Remodeled Duplex with Garage

      Duplex with two units, garages, and convenient location.
      2509 Walnut Grove Ave, Rosemead, CA 91770
      View Details
    • $1.80 SF/Yr
      55,448 SF

      El Monte Two-Story Office Space

      Two-story office space in El Monte with convenient freeway access.
      4181 Temple City Blvd, El Monte, CA 91770
      View Details
    • Contact for pricing
      6,000 SF

      Rosemead Office/Retail Sublease Opportunity

      Sublease opportunity through 2034 for office or retail space.
      3501 Hart Ave, Rosemead, CA 91770
      View Details
    • Contact for pricing
      3,100 SF

      Restaurant Space in Central Rosemead

      Ground-floor restaurant space with existing kitchen setup and high visibility.
      8450 Garvey Ave, Rosemead, CA 91770
      View Details
    • $0.40 SF/Yr
      47,916 SF

      Industrial Yard with Warehouse/Office

      1.1 acre industrial yard with warehouse and office space.
      4134 Temple City Blvd, Rosemead, CA 91770
      View Details
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    2656 Strathmore Ave
    Rosemead, CA 91770-3164
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    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
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