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Property profile & analytics
OFF-MARKET
Estimated value
$2,325,000
Apartment buildings
2741 Piedmont Ave Montrose, CA 91020-1376
Entity Owned
10-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US09-6360915
Property profile
Verified
Property type
Apartment buildings
Use group
APARTMENT HOUSE (5+ UNITS)
Year built
1964
Construction
WOOD
Total area
12,798 SF
Lot
0.44 ac (19,172 SF)
Zoning code
GLR3*
APN
5610-022-039
UPID
US09-6360915
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
-
Todd J. Burgener, PT Physician
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$3.17M
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$2.33M
Owner & transaction history
Gate Management LLC · 10 yrs held
Gate Management LLC
since 2016
7 recorded transactions
Zoning & alternative use
GLR3* · Montrose, 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 Montrose submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Montrose 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
by Request
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
$3,430,000
6.5%
$3,170,000
7%
$2,940,000
Alternative Use
Use
Estimation
APARTMENT HOUSE (5+ UNITS)
$3,375,000
Current use
Blend value · Realmo final
$2.33M
Range $2.09M – $2.56M · ±10%
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
$182 / 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
$47,748
Tax year 2024
Assessed value
$4,179,615
Assessed 2024
Previous assessed
$4,179,615
+0.0% YoY
Effective rate
1.14%
On assessed value
Assessed land
$2,368,805
Assessed improvement
$1,810,810
Applied tax rate
4.0000
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
1964
Construction
WOOD
Heating
NONE
Units
15
Bathrooms
15
Total area
12,798 SF
Lot
0.44 ac (19,172 SF)
Zoning code
GLR3*
APN
5610-022-039
UPID
US09-6360915
Jurisdiction
LOS ANGELES
Metro division
LOS ANGELES-LONG BEACH-GLENDALE, CA METROPOLITAN DIVISION
Zoning & alternative use
GLR3* · Montrose, CA
Zoning GLR3* · permitted uses
GLR3* · Montrose, CA
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Montrose. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
APARTMENT HOUSE (5+ UNITS) Current
Est. value
$3.4M
APARTMENT HOUSE (5+ UNITS) Current
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
1964
Construction
WOOD
Heating
NONE
Units
15
Bathrooms
15
Lot
0.44 ac
Current owner
From public records · entity-resolved
Gate Management LLC
Entity
Mailing address
3290 DORA VERDUGO DR, GLENDALE, CA 91208-1755
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2016
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
11 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jun 29, 2022
—
Gate Management LLC
—
Deed
related
$356,000 · Bbcn Bank
Jan 29, 2016
$1,882,500
Gate Management LLC
Palm Villa Real Estate Group INC
Grant Deed
$2,730,000 · Jpmorgan Chase Bank NA
Aug 1, 2008
—
Gate Management LLC
Gate Management LLC
Grant Deed
related
$2,039,000 · First Federal Bank
Jun 30, 2005
$2,550,000
Gate Holdings INC
G Three Properties LLC
Grant Deed
$1,700,000 · Commercial Capital Bank Fsb
Jun 8, 1999
$1,079,000
G Three Properties LLC
Infinity Enterprises Ltd LP
Grant Deed
$808,500 · Washington Mutual Fsb
Mar 6, 1996
—
Ents Infinity
Wasson,r M & N C Trustees
Grant Deed
related
—
Jan 14, 1993
—
Wasson,trust
Wasson Trust
Quit Claim Deed
related
$675,000 · Home Savings Of America
Mar 20, 1992
$700,927
Wasson Trust
Wasson Trust
Grant Deed
related
—
—
—
Wasson Trust
—
Deed Of Trust
related
$82,000 · Betty Jean
—
—
Infinity Enterprises Ltd
—
Deed Of Trust
related
$20,000 · Individual
—
—
Infinity Enterprises Ltd
—
Deed Of Trust
related
$20,000 · Odonnell Trust
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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