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Property profile & analytics
OFF-MARKET
Estimated value
$730,000
Apartment buildings
2959 Leeward Ave Los Angeles, CA 90005-1153
Entity Owned
20-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US09-7298725
Property profile
Verified
Property type
Apartment buildings
Use group
APARTMENT HOUSE (5+ UNITS)
Year built
1987
Construction
WOOD
Total area
39,678 SF
Lot
0.43 ac (18,581 SF)
Zoning code
LAR4
APN
5077-016-028
UPID
US09-7298725
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
-
View Point Apartments Apartment Building
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$550k
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$907k
Blend (final)
Blend
$730k
Owner & transaction history
View Pointe Leeward LLC · 20 yrs held
View Pointe Leeward LLC
since 2005
7 recorded transactions
Zoning & alternative use
LAR4 · 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
by Request
ML approach
$550,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Blend value · Realmo final
$730k
Range $657k – $803k · ±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
$18 / 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
$31,572
Tax year 2024
Assessed value
$2,260,900
Assessed 2024
Previous assessed
$2,260,900
+0.0% YoY
Effective rate
1.40%
On assessed value
Assessed land
$798,378
Assessed improvement
$1,462,522
Applied tax rate
6.0000
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
1987
Construction
WOOD
Heating
NONE
Cooling
YES
Units
46
Bathrooms
56
Total area
39,678 SF
Lot
0.43 ac (18,581 SF)
Zoning code
LAR4
APN
5077-016-028
UPID
US09-7298725
Jurisdiction
LOS ANGELES
Metro division
LOS ANGELES-LONG BEACH-GLENDALE, CA METROPOLITAN DIVISION
Zoning & alternative use
LAR4 · Los Angeles, CA
Zoning LAR4 · permitted uses
LAR4 · 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
1987
Construction
WOOD
Heating
NONE
Cooling
Yes
Units
46
Bathrooms
56
Lot
0.43 ac
Current owner
From public records · entity-resolved
View Pointe Leeward LLC
Entity
Mailing address
2016 RIVERSIDE DR, LOS ANGELES, CA 90039-3707
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2005
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
Aug 11, 2005
—
View Pointe Leeward LLC
Jk Properties INC
Grant Deed
$4,320,000 · Nomura Credit & Capital INC
Feb 4, 2002
—
J K Properties INC
—
Deed Of Trust
related
$2,100,000 · Farmers & Merchants Bk Lng Bch
Dec 11, 1996
$1,390,000
J K Properties
First Federal Bank Ca
Grant Deed
$1,181,500 · First Federal Bank Ca
Sep 12, 1996
$1,298,861
First Federal Bank Ca
Deeb Trust
Trustees Deed
related
—
Apr 5, 1994
$1,550,000
Deeb Trust
First Federal Ba
Grant Deed
$1,240,000 · First Federal Bank Ca
Feb 2, 1994
$1,890,000
First Federal Bank Ca
Downing Trust
Trustees Deed
related
—
Mar 29, 1991
$2,520,000
Downing Trust
First Fed Bank
Grant Deed
$2,016,000 · Seller
Jan 22, 1991
$2,638,097
First Fed Bank
Lee Chong
Trustees Deed
related
—
Oct 25, 1988
$712,227
Lee Kang H In J
Lee
Grant Deed
related
$2,467,776 · Lee Chong&cindy
—
—
View Pointe Leeward LLC
—
Deed Of Trust
related
$4,575,000 · Barclays Bk/plc
—
—
Chong Lee
—
Deed Of Trust
related
$2,475,000 · First Federal Savings & Loan
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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