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Property profile & analytics
OFF-MARKET
Estimated value
$2,700,000
Apartment buildings
304 Chapel Ave, Alhambra, CA 91801-6184
Entity Owned
1-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US09-8659155
Property profile
Verified
Property type
Apartment buildings
Use group
APARTMENT HOUSE (5+ UNITS)
Year built
1954
Construction
WOOD
Total area
5,400 SF
Lot
0.45 ac (19,792 SF)
Zoning code
ALRPD*
APN
5345-014-015
UPID
US09-8659155
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
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$2.70M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$2.31M
Blend (final)
Blend
$2.70M
Owner & transaction history
Lsj Development INC · 1 yrs held
Lsj Development INC
since 2024
Last sale
$2.7M
7 recorded transactions
Zoning & alternative use
ALRPD* · Alhambra, CA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Restaurant
$3.5M
+104.6%
Neighborhood: shopping center
$3.3M
+91.2%
Auto repair, garage
$2.5M
+45.3%
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 Alhambra submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Alhambra 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
$2,700,000
ML approach
$2,700,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
APARTMENT HOUSE (5+ UNITS)
$1,720,000
Current use
RESTAURANT
$3,515,000
Change: +105% · Conversion: Difficult
NEIGHBORHOOD: SHOPPING CENTER
$3,285,000
Change: +91% · Conversion: Difficult
AUTO REPAIR, GARAGE
$2,500,000
Change: +45% · Conversion: Difficult
MEDICAL BUILDING
$2,455,000
Change: +43% · Conversion: Moderate
RETAIL STORES
$2,260,000
Change: +32% · Conversion: Difficult
OFFICE BUILDING
$1,800,000
Change: +5% · Conversion: Moderate
COMMERCIAL (GENERAL)
$1,670,000
Change: -3% · Conversion: Moderate
Blend value · Realmo final
$2.70M
Range $2.43M – $2.97M · ±10% · vs last sale $2.70M (Sep 6 2024)
Last sale anchor
$2.70M
Sep 6 2024
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
$500 / 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
$35,762
Tax year 2024
Assessed value
$2,810,670
Assessed 2024
Previous assessed
$2,810,670
+0.0% YoY
Effective rate
1.27%
On assessed value
Assessed land
$1,976,760
Assessed improvement
$833,910
Applied tax rate
1.0000
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
1954
Construction
WOOD
Heating
FLOOR/WALL FURNACE
Cooling
YES
Buildings
3
Units
9
Bathrooms
9
Total area
5,400 SF
Lot
0.45 ac (19,792 SF)
Zoning code
ALRPD*
APN
5345-014-015
UPID
US09-8659155
Jurisdiction
LOS ANGELES
Metro division
LOS ANGELES-LONG BEACH-GLENDALE, CA METROPOLITAN DIVISION
Zoning & alternative use
ALRPD* · Alhambra, CA
Zoning ALRPD* · permitted uses
ALRPD* · Alhambra, CA
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Alhambra. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
APARTMENT HOUSE (5+ UNITS) Current
Est. value
$1.7M
RESTAURANT
Est. value
$3.5M
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$3.3M
AUTO REPAIR, GARAGE
Est. value
$2.5M
MEDICAL BUILDING
Est. value
$2.5M
RETAIL STORES
Est. value
$2.3M
OFFICE BUILDING
Est. value
$1.8M
COMMERCIAL (GENERAL)
Est. value
$1.7M
APARTMENT HOUSE (5+ UNITS) Current
RESTAURANT
NEIGHBORHOOD: SHOPPING CENTER
AUTO REPAIR, GARAGE
MEDICAL BUILDING
RETAIL STORES
OFFICE BUILDING
COMMERCIAL (GENERAL)
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
1954
Construction
WOOD
Heating
FLOOR/WALL FURNACE
Cooling
Yes
Buildings
3
Units
9
Bathrooms
9
Lot
0.45 ac
Current owner
From public records · entity-resolved
Lsj Development INC
Entity
Mailing address
130 S 1ST AVEA, ARCADIA, CA 91006-3605
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2024
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
12 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Sep 6, 2024
$2,700,000
Lsj Development INC
Sun Homeland INC
Grant Deed
—
Jun 8, 2022
$2,700,000
Sun Homeland INC
Keyu Holdings INC
Grant Deed
—
Dec 10, 2018
$2,275,000
Keyu Holdings INC
Svpp Properties LLC
Grant Deed
—
Oct 30, 2017
—
Svpp Properties LLC
—
Deed
related
$1,900,000 · Western Alliance Bank
Oct 4, 2017
$1,900,000
Svpp Properties LLC
Chu,bill & Maria
Grant Deed
—
Feb 11, 2003
—
Bill Chu
Chu,bill
Quit Claim Deed
related
—
Jan 29, 2003
—
Bill Chu
Chu,maria
Quit Claim Deed
related
$440,000 · Standard Savings Bank
Jun 29, 1994
—
Bill Chu
—
Deed Of Trust
related
—
—
—
Bill Chu
—
Deed Of Trust
related
$60,000 · Individual
—
—
Elyan S Wong
—
Deed Of Trust
related
$30,000 · Individual
—
—
Bill Chu
—
Deed Of Trust
related
$1,000,000 · Theresa Wong
—
—
Bill Chu
—
Deed Of Trust
related
$300,000 · Cathay Bank
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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