Back to Search
Property profile & analytics
OFF-MARKET
Estimated value
$2,290,000
Apartment buildings
38240 5th E St Palmdale, CA 93550-2329
Entity Owned
12-yr Hold
Free & Clear
Property ID
US09-8629483
Property profile
Verified
Property type
Apartment buildings
Use group
APARTMENT HOUSE (5+ UNITS)
Year built
1986
Construction
WOOD
Total area
58,154 SF
Lot
1.77 ac (76,937 SF)
Zoning code
PDR3*
APN
3009-010-016
UPID
US09-8629483
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
-
Desert Vista Apartments Apartment Building
-
Credit Repair Financial Advisor
-
Kelly's Daycare Daycare Center
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$2.29M
Owner & transaction history
Gtlt LLC · 12 yrs held
Gtlt LLC
since 2014
7 recorded transactions
Zoning & alternative use
PDR3* · Palmdale, 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 Palmdale submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Palmdale 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
$39 / 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
$70,796
Tax year 2024
Assessed value
$3,289,887
Assessed 2024
Previous assessed
$3,289,887
+0.0% YoY
Effective rate
2.15%
On assessed value
Assessed land
$483,099
Assessed improvement
$2,806,788
Applied tax rate
6.0000
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
1986
Construction
WOOD
Heating
NONE
Cooling
CENTRAL
Units
72
Bathrooms
25
Total area
58,154 SF
Lot
1.77 ac (76,937 SF)
Zoning code
PDR3*
APN
3009-010-016
UPID
US09-8629483
Jurisdiction
LOS ANGELES
Metro division
LOS ANGELES-LONG BEACH-GLENDALE, CA METROPOLITAN DIVISION
Zoning & alternative use
PDR3* · Palmdale, CA
Zoning PDR3* · permitted uses
PDR3* · Palmdale, CA
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Palmdale. Always verify with local authorities before improvements.
Building & site characteristics
From public records
Year built
1986
Construction
WOOD
Heating
NONE
Cooling
Yes
Units
72
Bathrooms
25
Lot
1.77 ac
Current owner
From public records · entity-resolved
Gtlt LLC
Entity
Free & Clear · 12 yrs held
Mailing address
PO BOX 10541, GLENDALE, CA 91209-3541
Ownership since
2014
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
9 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jul 14, 2014
—
Gtlt LLC
Martinez,horacio A
Quit Claim Deed
related
—
Jul 14, 2014
$1,714,500
Horacio Martinez
Leslie Sam S
Quit Claim Deed
related
—
Jan 12, 2007
—
Gtlt LLC
Martinez,horacio A
Grant Deed
—
Apr 21, 2006
—
Magna Investments LLC
Major Investments LLC
Grant Deed
$820,959 · Citibank West Fsb
Dec 21, 2005
—
Major Investments LLC
Reinoso,edgar
Grant Deed
—
Feb 23, 2004
—
G T L T LLC
Martinez,horacio A
Quit Claim Deed
related
—
Oct 27, 1999
—
Martinez Horacio A Co Et Al
—
Deed Of Trust
related
—
May 3, 1993
$1,260,000
Edgar H Et Al Reinoso
—
Grant Deed
related
—
Mar 19, 1992
$2,485,149
Fed Ban Redlands
Baker,merton H
Trustees 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.
Try Rey
Ask anything about this address in plain English.
“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
You own 38240 5th E St?
List it free. Reach 20,000 daily buyers.
We’ve already pulled the facts. Confirm photos + price and you’re live in 2 minutes.
List this address →
Full reports are paid
Unlock the full Property Analytics report
Start free for 7 days — no card required. Full owner contacts, all 4 valuations with methodology, refine flow, comparable adjustments, foot-traffic deep dive, export to PDF / CSV.
