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Property profile & analytics
OFF-MARKET
Estimated value
$1,145,000
Apartment buildings
38257 12th E St Palmdale, CA 93550-2011
Entity Owned
20-yr Hold
~
Est. High Equity
Property ID
US09-8632192
Property profile
Verified
Property type
Apartment buildings
Use group
APARTMENT HOUSE (5+ UNITS)
Year built
1985
Construction
WOOD
Total area
27,195 SF
Lot
0.99 ac (42,907 SF)
Zoning code
PDR3*
APN
3014-028-011
UPID
US09-8632192
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
-
Sunrise Apartments Apartment Building
-
Rochelles Flowers (Bike/Boat/Book/etc) Store Florist
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$690k
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$1.15M
Owner & transaction history
38257 12th Street East LLC · 20 yrs held
38257 12th Street East LLC
since 2005
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
Method
Estimation
Statistic approach
by Request
ML approach
$690,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Blend value · Realmo final
$1.15M
Range $1.03M – $1.26M · ±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
$42 / 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
$36,614
Tax year 2024
Assessed value
$1,462,514
Assessed 2024
Previous assessed
$1,462,514
+0.0% YoY
Effective rate
2.50%
On assessed value
Assessed land
$146,241
Assessed improvement
$1,316,273
Applied tax rate
15.0000
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
1985
Construction
WOOD
Heating
NONE
Cooling
CENTRAL
Stories
1
Units
33
Rooms
6
Bathrooms
57
Total area
27,195 SF
Lot
0.99 ac (42,907 SF)
Zoning code
PDR3*
APN
3014-028-011
UPID
US09-8632192
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
1985
Construction
WOOD
Heating
NONE
Cooling
Yes
Stories
1
Units
33
Rooms
6
Bathrooms
57
Lot
0.99 ac
Current owner
From public records · entity-resolved
38257 12th Street East LLC
Entity
Mailing address
PO BOX 57039, LOS ANGELES, CA 90057-0039
Ownership since
2005
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
7 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Aug 12, 2005
—
38257 12th Street East LLC
Hansa Investments INC
Grant Deed
$2,375,000 · Nomura Credit & Capital INC
Jul 30, 2004
—
Hansa Investments
—
Deed Of Trust
related
$9,299,711 · Farmers & Merchants Bk Lng Bch
Feb 28, 2001
—
Hansa Investments INC
Kravitz Trust
Grant Deed
$643,500 · Jackson Federal Bank
Oct 14, 1999
—
Kravitz,richard & Lynn Trustees
Kravitz,r & L
Quit Claim Deed
related
—
Sep 1, 1993
$417,500
Richard Kravitz
Fidelity Federal
Grant Deed
$333,976 · Fidelity Federal Bank
—
—
38257 12th Street East LLC
—
Deed Of Trust
related
$1,000,000 · Private Individual
—
—
Hansa Investments INC
—
Deed Of Trust
related
$49,550 · Kravitz 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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