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Property profile & analytics
OFF-MARKET
Estimated value
$1,365,000
Apartment buildings
346 Metropole Ave Avalon, CA 90704-3065
Entity Owned
16-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US09-7471357
Property profile
Verified
Property type
Apartment buildings
Use group
APARTMENT HOUSE (5+ UNITS)
Year built
2008
Construction
WOOD
Total area
8,356 SF
Lot
0.11 ac (4,753 SF)
Zoning code
AUR3*
APN
7480-032-021
UPID
US09-7471357
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
$1.37M
Owner & transaction history
346 Metropole LLC · 16 yrs held
346 Metropole LLC
since 2010
7 recorded transactions
Zoning & alternative use
AUR3* · Avalon, 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 Avalon submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Avalon 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%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
APARTMENT HOUSE (5+ UNITS)
$2,205,000
Current use
Blend value · Realmo final
$1.37M
Range $1.23M – $1.50M · ±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
$163 / 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
$34,199
Tax year 2024
Assessed value
$1,798,940
Assessed 2024
Previous assessed
$1,798,940
+0.0% YoY
Effective rate
1.90%
On assessed value
Assessed land
$696,027
Assessed improvement
$1,102,913
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
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
2008
Construction
WOOD
Heating
NONE
Cooling
YES
Units
5
Bathrooms
13
Total area
8,356 SF
Lot
0.11 ac (4,753 SF)
Zoning code
AUR3*
APN
7480-032-021
UPID
US09-7471357
Jurisdiction
LOS ANGELES
Metro division
LOS ANGELES-LONG BEACH-GLENDALE, CA METROPOLITAN DIVISION
Zoning & alternative use
AUR3* · Avalon, CA
Zoning AUR3* · permitted uses
AUR3* · Avalon, CA
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Avalon. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
APARTMENT HOUSE (5+ UNITS) Current
Est. value
$2.2M
APARTMENT HOUSE (5+ UNITS) Current
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
2008
Construction
WOOD
Heating
NONE
Cooling
Yes
Units
5
Bathrooms
13
Lot
0.11 ac
Current owner
From public records · entity-resolved
346 Metropole LLC
Entity
Mailing address
42 RUE FONTAINBLEAU DR APT A1, NEWPORT BEACH, CA 92660-5905
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2010
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
15 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jan 8, 2010
$1,000,000
346 Metropole LLC
Td Service Co
Trustees Deed
related
—
Nov 30, 2006
—
Avalon Arbors On Catalina LLC
Valley Forge Dev LLC
Grant Deed
$3,941,000 · East West Bank
Jan 9, 2006
$650,000
Valley Forge Dev LLC
Avalon Metropole Associates
Grant Deed
—
Feb 16, 2000
$249,000
Avalon Metropole Associates
Lee,owen R
Grant Deed
$550,000 · Datacom Investment Co INC
Sep 11, 1996
$178,220
Owen R Lee
Metropole
Trustees Deed
—
Nov 9, 1994
—
Metropole
—
Grant Deed
related
$175,000 · California Western Financial
May 27, 1993
—
Metropole
Feinberg,j J
Grant Deed
related
—
Mar 8, 1989
$350,000
Feinberg J J
Iredale Leonard
Grant Deed
$150,000 · Iredale L W&j
—
—
Avalon Arbors On Catalina LLC
—
Deed Of Trust
related
$4,256,000 · East West Bank
—
—
Valley Forge Dev LLC
—
Deed Of Trust
related
$425,000 · Friedman D & D 2000 Trust
—
—
Avalon Metropole Associates Ld
—
Deed Of Trust
related
$192,842 · Owen
—
—
Avalon Metropole Associates
—
Deed Of Trust
related
$500,000 · Robert F III Currie
—
—
Avalon Metropole Associates
—
Deed Of Trust
related
$56,000 · Pat A Geiger
—
—
Avalon Metropole Associates
—
Deed Of Trust
related
$75,000 · Robert F Currie
—
—
Metropole
—
Deed Of Trust
related
$35,000 · Harbor 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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