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Property profile & analytics
OFF-MARKET
Estimated value
$2,300,000
Apartment buildings
311 Lancaster Blvd Lancaster, CA 93534-2673
Entity Owned
7-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US09-6366445
Property profile
Verified
Property type
Apartment buildings
Use group
APARTMENT HOUSE (5+ UNITS)
Year built
1971
Construction
WOOD
Total area
12,578 SF
Lot
0.53 ac (23,027 SF)
Zoning code
LRR3*
APN
3138-011-047
UPID
US09-6366445
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
by Request
CAP Approach
CAP
$2.90M
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$2.30M
Owner & transaction history
Mobile Home Group I LP · 7 yrs held
Mobile Home Group I LP
since 2019
7 recorded transactions
Zoning & alternative use
LRR3* · Lancaster, 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 Lancaster submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Lancaster 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%
$3,140,000
6.5%
$2,895,000
7%
$2,690,000
Alternative Use
Use
Estimation
NEIGHBORHOOD: SHOPPING CENTER
$3,460,000
Change: -17% · Conversion: Difficult
Blend value · Realmo final
$2.30M
Range $2.07M – $2.53M · ±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
$183 / 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
$32,187
Tax year 2024
Assessed value
$1,820,522
Assessed 2024
Previous assessed
$1,820,522
+0.0% YoY
Effective rate
1.77%
On assessed value
Assessed land
$455,130
Assessed improvement
$1,365,392
Applied tax rate
5.0000
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
1971
Construction
WOOD
Heating
NONE
Cooling
YES
Units
23
Bathrooms
23
Total area
12,578 SF
Lot
0.53 ac (23,027 SF)
Zoning code
LRR3*
APN
3138-011-047
UPID
US09-6366445
Jurisdiction
LOS ANGELES
Metro division
LOS ANGELES-LONG BEACH-GLENDALE, CA METROPOLITAN DIVISION
Zoning & alternative use
LRR3* · Lancaster, CA
Zoning LRR3* · permitted uses
LRR3* · Lancaster, CA
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Lancaster. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$3.5M
NEIGHBORHOOD: SHOPPING CENTER
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
1971
Construction
WOOD
Heating
NONE
Cooling
Yes
Units
23
Bathrooms
23
Lot
0.53 ac
Current owner
From public records · entity-resolved
Mobile Home Group I LP
Entity
Mailing address
4900 SANTA ANITA AVE STE 2C, EL MONTE, CA 91731-1490
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2019
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 22, 2022
—
Mobile Home Group I LP
—
Deed
related
$4,434,600 · East West Bank
Feb 15, 2019
—
Mobile Home Group I LP
Group II Azusa Properties Ltd
Quit Claim Deed
$10,968,000 · Nano Banc
Nov 22, 2016
$2,807,000
Group II Azusa Properties Ltd
311 & 333 Lancaster Props LLC
Grant Deed
$2,107,500 · East West Invs
Jan 12, 2011
—
311 & 333 Lancaster Props LLC
Munoz L R Living Trustt
Grant Deed
related
—
Jul 22, 2010
—
331 & 333 Lancaster Props LLC
Munoz Luis R Living Trust
Grant Deed
—
May 10, 2010
—
Munoz Luis R Living Trust
Munoz,luis R
Quit Claim Deed
related
—
Jul 31, 2007
—
Luis R Munoz
Munoz,blanca G
Quit Claim Deed
related
—
Apr 3, 2007
$3,150,000
Luis R Munoz
Griffin-trevor Ltd
Grant Deed
$2,205,000 · United Commercial Bank
Jun 10, 1997
—
Griffin-trevor
Urbatec,
Grant Deed
related
—
Dec 31, 1970
—
—
—
Grant Deed
related
—
—
—
311 & 333 Lancaster Props LLC
—
Deed Of Trust
related
$1,785,000 · East West 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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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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