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Property profile & analytics
FOR LEASE
Investment properties
2938 Allesandro St Los Angeles, CA 90039
Entity Owned
Absentee Owner
Free & Clear
Property ID
US09-9879456
For Lease
1 / 17
$1,405,000
2938 Allesandro St, Los Angeles, CA 90039
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Property profile
Verified
Property type
Investment properties
Use group
OFFICE/RESIDENTIAL (MIXED USE)
Year built
2022
Construction
WOOD
Total area
32,456 SF
Lot
0.37 ac (16,088 SF)
Zoning code
LACM
APN
5442-024-052
UPID
US09-9879456
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
-
The River Apartments Apartment Building
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$1.25M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$1.72M
Blend (final)
Blend
$1.41M
Owner & transaction history
River Apartment Holdings LLC
River Apartment Holdings LLC
since 2025
7 recorded transactions
Zoning & alternative use
LACM · Los Angeles, 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 Los Angeles submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Los Angeles 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
$1,250,000
ML approach
$1,250,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Blend value · Realmo final
$1.41M
Range $1.26M – $1.55M · ±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
$43 / 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
$10,198
Tax year 2024
Assessed value
$594,772
Assessed 2024
Previous assessed
$594,772
+0.0% YoY
Effective rate
1.71%
On assessed value
Assessed land
$594,772
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
Investment properties
Use group
OFFICE/RESIDENTIAL (MIXED USE)
Status
For Lease
Year built
2022
Construction
WOOD
Heating
NONE
Units
32
Total area
32,456 SF
Lot
0.37 ac (16,088 SF)
Zoning code
LACM
APN
5442-024-052
UPID
US09-9879456
Jurisdiction
LOS ANGELES
Metro division
LOS ANGELES-LONG BEACH-GLENDALE, CA METROPOLITAN DIVISION
Zoning & alternative use
LACM · Los Angeles, CA
Zoning LACM · permitted uses
LACM · Los Angeles, CA
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Los Angeles. Always verify with local authorities before improvements.
Building & site characteristics
From public records
Year built
2022
Construction
WOOD
Heating
NONE
Units
32
Lot
0.37 ac
Current owner
From public records · entity-resolved
River Apartment Holdings LLC
Entity
Free & Clear · 0 yrs held
Mailing address
4490 AYERS AVE, VERNON, CA 90058-4317
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
19 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Oct 29, 2025
—
River Apartment Holdings LLC
Allesandro Live Work LLC
Grant Deed
—
Feb 24, 2025
—
Allesandro Ltve Work LLC
—
Deed
related
$10,700,000 · Bank5 2024 5yr10 Commerical Mortgagr Pas
Sep 23, 2024
—
Allesandro Live Work LLC
—
Deed
related
$10,700,000 · Bank Of America NA
Sep 16, 2024
—
Allesandro Live Work LLC
—
Deed
related
$10,700,000 · Bank Of America NA
Apr 12, 2024
$1,250,000
2938 River LLC
Allesandro Live Work LLC
Grant Deed
—
Oct 8, 2020
—
Allesandro Live Work LLC
—
Deed
related
$1,000,000 · Parkview Financial Reit LP
Jul 30, 2019
—
Allesandro Live Work LLC
Mark O Baatz
Correction Deed
related
—
Apr 30, 2019
—
Allesandro Live Work LLC
Mark O Baatz
Correction Deed
related
—
Jun 26, 2018
—
Troy River Dev LLC
—
Deed
related
$3,500,000 · Pacific Wstrn Bk
Aug 15, 2017
—
Allesandro Live Work LLC
Mark O Baatz
Quit Claim Deed
related
—
Jun 16, 2016
—
Mark O Baatz
—
Deed
related
$3,000,000 · California United Bank
Feb 25, 2016
—
Mark O Baatz
Baatz Ents INC
Quit Claim Deed
related
—
Oct 25, 2011
$900,009
Baatz Enterprises INC
3015 Coolidge LLC
Grant Deed
$810,000 · Us Bank NA
Jul 8, 2010
$385,000
3015 Coolidge LLC
Lantern Financial Corp
Trustees Deed
—
—
—
Troy River Dev LLC
—
Loan Modification
related
$3,500,000 · Pacific Wstrn Bk
—
—
Automatic Allesandro
—
Deed Of Trust
related
$125,000 · Alliance Financial Capital INC
—
—
Alesabdro Automatic INC
—
Deed Of Trust
related
$480,000 · Sss Investment Co
—
—
Allesandro Automatic INC
—
Deed Of Trust
related
$150,000 · Sallenbach Trust
Apr 14, 1959
—
Allesandro Automatic INC
—
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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