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Property profile & analytics
OFF-MARKET
Estimated value
$3,050,000
Apartment buildings
3123 Foothill Blvd La Crescenta, CA 91214-2633
Entity Owned
22-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US09-8008806
Property profile
Verified
Property type
Apartment buildings
Use group
APARTMENT HOUSE (5+ UNITS)
Year built
1959
Construction
WOOD
Total area
22,820 SF
Lot
0.98 ac (42,722 SF)
Zoning code
LCR3YY
APN
5802-010-013
UPID
US09-8008806
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
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$3.05M
Owner & transaction history
Colonial Capital · 22 yrs held
Colonial Capital
since 2003
7 recorded transactions
Zoning & alternative use
LCR3YY · La Crescenta, 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 La Crescenta submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs La Crescenta 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
CAP Approach
Comparable Approach
Alternative Use
Get a detailed, property-specific estimation — fast and free
Price per SF
Sale + rent benchmarks
Subject property
$134 / 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
$48,194
Tax year 2024
Assessed value
$3,802,654
Assessed 2024
Previous assessed
$3,802,654
+0.0% YoY
Effective rate
1.27%
On assessed value
Assessed land
$1,989,038
Assessed improvement
$1,813,616
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
1959
Construction
WOOD
Heating
NONE
Cooling
CENTRAL
Units
36
Bathrooms
36
Total area
22,820 SF
Lot
0.98 ac (42,722 SF)
Zoning code
LCR3YY
APN
5802-010-013
UPID
US09-8008806
Jurisdiction
LOS ANGELES
Metro division
LOS ANGELES-LONG BEACH-GLENDALE, CA METROPOLITAN DIVISION
Zoning & alternative use
LCR3YY · La Crescenta, CA
Zoning LCR3YY · permitted uses
LCR3YY · La Crescenta, CA
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
La Crescenta. Always verify with local authorities before improvements.
Building & site characteristics
From public records
Year built
1959
Construction
WOOD
Heating
NONE
Cooling
Yes
Units
36
Bathrooms
36
Lot
0.98 ac
Current owner
From public records · entity-resolved
Colonial Capital
Entity
Mailing address
1192 OLD PHILLIPS RD, GLENDALE, CA 91207-1112
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2003
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
8 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Aug 18, 2021
—
Colonial Capital Group LLC
—
Deed
related
$5,467,000 · First Republic Bank
Sep 22, 2003
—
Colonial Capital
Hairapetian,marvin & Lorick
Grant Deed
related
$2,495,000 · Washington Mutual Fsb
Sep 19, 2003
—
Colonial Capital Group LLC
Hairapetian,marvin & Lorick
Grant Deed
related
$2,495,000 · Washington Mutual Fsb
May 24, 2000
—
Marvin Hairapetian
Hairapetian,m & L
Quit Claim Deed
related
—
May 12, 2000
—
Hairapetian,marvin & Lorick
Gnm 2,
Trustees Deed
related
—
Jul 23, 1999
$2,070,000
Gnm II Ltd
Sanchez,edward
Grant Deed
$1,550,000 · Universal Bank
—
—
Marvin Hairapetian
—
Deed Of Trust
related
$1,890,000 · Quaker City Federal S & L
—
—
Edward Sanchez
—
Deed Of Trust
related
$1,600,000 · Glendale Federal 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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