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Property profile & analytics
OFF-MARKET
Estimated value
$3,705,000
Investment properties
38 Montecito Ave Sierra Madre, CA 91024-1940
Entity Owned
5-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US09-6440644
Property profile
Verified
Property type
Investment properties
Use group
OFFICE/RESIDENTIAL (MIXED USE)
Year built
1965
Construction
TILT-UP CONCRETE
Total area
11,412 SF
Lot
0.53 ac (23,023 SF)
Zoning code
SRM1CC*
APN
5767-015-040
UPID
US09-6440644
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
Current use
Occupant on record · Public records
-
Affordable Top Electricians of Sierra Madre Electrical Service General Contractor
-
Charles Martin - State Farm Insurance Agent Insurance Agency
-
Evil Cooks Restaurant
-
Cinny Considine Massage Therapy Alternative Medicine Practice Spa & Massage Center
-
Ballast Film Production Television Studio
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$3.73M
CAP Approach
CAP
$3.56M
Comparable Approach
Comparable
$4.16M
Blend (final)
Blend
$3.71M
Owner & transaction history
7639 College Avenue LLC · 5 yrs held
7639 College Avenue LLC
since 2020
Last sale
$3.7M
7 recorded transactions
Zoning & alternative use
SRM1CC* · Sierra Madre, CA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Auto repair, garage
$5.3M
+49.7%
Medical building
$5.2M
+47.1%
Office building
$5.1M
+45.2%
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 Sierra Madre submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Sierra Madre 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
$3,675,000
ML approach
$3,725,000
CAP Approach
CAP Return
Estimation
6%
$3,850,000
6.5%
$3,555,000
7%
$3,300,000
Alternative Use
Use
Estimation
COMMERCIAL (GENERAL)
$3,525,000
Current use
AUTO REPAIR, GARAGE
$5,280,000
Change: +50% · Conversion: Difficult
MEDICAL BUILDING
$5,190,000
Change: +47% · Conversion: Easy
OFFICE BUILDING
$5,120,000
Change: +45% · Conversion: Easy
RETAIL STORES
$4,375,000
Change: +24% · Conversion: Easy
WAREHOUSE, STORAGE
$3,355,000
Change: -5% · Conversion: Difficult
Blend value · Realmo final
$3.71M
Range $3.33M – $4.08M · ±10% · vs last sale $3.71M (Aug 13 2020)
Last sale anchor
$3.71M
Aug 13 2020
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
$325 / 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
$48,230
Tax year 2024
Assessed value
$3,934,958
Assessed 2024
Previous assessed
$3,934,958
+0.0% YoY
Effective rate
1.23%
On assessed value
Assessed land
$1,804,053
Assessed improvement
$2,130,905
Applied tax rate
7.0000
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
Investment properties
Use group
OFFICE/RESIDENTIAL (MIXED USE)
Status
Off-Market
Year built
1965
Construction
TILT-UP CONCRETE
Heating
NONE
Buildings
3
Stories
1
Total area
11,412 SF
Lot
0.53 ac (23,023 SF)
Zoning code
SRM1CC*
APN
5767-015-040
UPID
US09-6440644
Jurisdiction
LOS ANGELES
Metro division
LOS ANGELES-LONG BEACH-GLENDALE, CA METROPOLITAN DIVISION
Zoning & alternative use
SRM1CC* · Sierra Madre, CAZoning SRM1CC* · permitted uses
SRM1CC* · Sierra Madre, CA
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Alternative use value scenarios
Repositioning upside vs current use
COMMERCIAL (GENERAL) Current
Est. value
$3.5M
AUTO REPAIR, GARAGE
Est. value
$5.3M
MEDICAL BUILDING
Est. value
$5.2M
OFFICE BUILDING
Est. value
$5.1M
RETAIL STORES
Est. value
$4.4M
WAREHOUSE, STORAGE
Est. value
$3.4M
COMMERCIAL (GENERAL) Current
AUTO REPAIR, GARAGE
MEDICAL BUILDING
OFFICE BUILDING
RETAIL STORES
WAREHOUSE, STORAGE
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
1965
Construction
TILT-UP CONCRETE
Heating
NONE
Stories
1
Buildings
3
Lot
0.53 ac
Current owner
From public records · entity-resolved
7639 College Avenue LLC
Entity
Mailing address
715 N CENTRAL AVE STE #300, GLENDALE, CA 91203-1225
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2020
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
13 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Aug 13, 2020
$3,708,000
7639 College Avenue LLC
Redcar Sierra Madre LLC
Grant Deed
—
Apr 4, 2014
$2,450,024
Redcar Sierra Madre LLC
C D Griffin Lumber Corporation
Grant Deed
$2,200,000 · First Century Bank NA
—
—
C D Griffin Lumb
—
Deed Of Trust
related
—
—
—
C D Griffin Lumber Corp
—
Deed Of Trust
related
$100,000 · William Gumbiner
—
—
C D Griffin Lumber Corp
—
Deed Of Trust
related
$365,000 · Bmc Mortgage Co
—
—
C D Griffin Lumber Co
—
Deed Of Trust
related
$50,000 · Marshall Gumbiner
—
—
C D Griffin Lumber Co
—
Deed Of Trust
related
$650,000 · Marshall Gumbiner
—
—
C D Griffin Lumber Corp
—
Deed Of Trust
related
$150,000 · Imperial Home Mortgage Co INC
—
—
C D Griffin Lumber Corp
—
Deed Of Trust
related
$500,000 · Marshall Trust
—
—
Griffin C D Lumb
—
Deed Of Trust
related
$140,000 · Century Federal Savings & Loan
—
—
C D Griffin Lumber Corp
—
Deed Of Trust
related
$250,000 · Marshall Gumbiner
—
—
Cd Griffin Lumber Corp
—
Deed Of Trust
related
$100,000 · William Gumbiner
Dec 18, 1957
—
Griffin C D Lumber Corp
—
Grant Deed
related
—
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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