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Property profile & analytics
OFF-MARKET
Apartment buildings
370 Cerritos Ave Azusa, CA 91702-3764
Entity Owned
3-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US09-8520880
Property profile
Verified
Property type
Apartment buildings
Use group
APARTMENT HOUSE (5+ UNITS)
Year built
1961
Construction
WOOD
Total area
38,390 SF
Lot
0.91 ac (39,819 SF)
Zoning code
AZR3C1200*
APN
8612-020-019
UPID
US09-8520880
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
by Request
Owner & transaction history
Eden Iris Gardens LLC · 3 yrs held
Eden Iris Gardens LLC
since 2022
Last sale
$31.3M
6 recorded transactions
Zoning & alternative use
AZR3C1200* · Azusa, 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 Azusa submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Azusa 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
—
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
$157,239
Tax year 2024
Assessed value
$12,546,000
Assessed 2024
Previous assessed
$12,546,000
+0.0% YoY
Effective rate
1.25%
On assessed value
Assessed land
$7,548,000
Assessed improvement
$4,998,000
Applied tax rate
2.0000
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
1961
Construction
WOOD
Heating
NONE
Cooling
YES
Units
49
Bathrooms
51
Total area
38,390 SF
Lot
0.91 ac (39,819 SF)
Zoning code
AZR3C1200*
APN
8612-020-019
UPID
US09-8520880
Jurisdiction
LOS ANGELES
Metro division
LOS ANGELES-LONG BEACH-GLENDALE, CA METROPOLITAN DIVISION
Zoning & alternative use
AZR3C1200* · Azusa, CA
Zoning AZR3C1200* · permitted uses
AZR3C1200* · Azusa, CA
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Azusa. Always verify with local authorities before improvements.
Building & site characteristics
From public records
Year built
1961
Construction
WOOD
Heating
NONE
Cooling
Yes
Units
49
Bathrooms
51
Lot
0.91 ac
Current owner
From public records · entity-resolved
Eden Iris Gardens LLC
Entity
Mailing address
22645 GRAND ST, HAYWARD, CA 94541-5031
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2022
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
6 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Sep 19, 2022
$31,300,000
Eden Iris Gardens LLC
Rockvale Apartments LP
Grant Deed
$32,545,000 · Nef Preservation Pb Fund I LP
Jan 9, 2013
—
Rockvale Apartments LP
Azusa Housing Partners LP
Grant Deed
$7,312,000 · Arbor Realty SR INC
May 6, 1999
$5,500,000
Azusa Housing Partners
—
Grant Deed
related
—
Aug 19, 1997
—
Fratt,dennis R Tr&jack & Marilyn
—
Trustees Deed
related
$2,625,000 · Hawthorne Savings Bank Fsb
Feb 28, 1996
—
Fratt,dennis R Tr
—
Deed Of Trust
related
—
—
—
Fratt Trust
—
Deed Of Trust
related
$600,000 · Lantzman Trust
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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