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Property profile & analytics
OFF-MARKET
Apartment buildings
38441 5th W St Palmdale, CA 93551-4262
Entity Owned
1-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US09-8783851
Property profile
Verified
Property type
Apartment buildings
Use group
APARTMENT HOUSE (5+ UNITS)
Year built
1987
Construction
WOOD
Total area
207,582 SF
Lot
18.74 ac (816,427 SF)
Zoning code
PDR1*
APN
3004-004-033
UPID
US09-8783851
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
-
Chaparral Apartments Apartment Complex Apartment Rental Agency
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
Post Palmdale Chaparral LP · 1 yrs held
Post Palmdale Chaparral LP
since 2025
Last sale
$71.0M
7 recorded transactions
Zoning & alternative use
PDR1* · 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
—
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
$339,377
Tax year 2024
Assessed value
$14,510,251
Assessed 2024
Previous assessed
$14,510,251
+0.0% YoY
Effective rate
2.34%
On assessed value
Assessed land
$1,957,996
Assessed improvement
$12,552,255
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
1987
Construction
WOOD
Heating
NONE
Cooling
CENTRAL
Units
296
Bathrooms
99
Total area
207,582 SF
Lot
18.74 ac (816,427 SF)
Zoning code
PDR1*
APN
3004-004-033
UPID
US09-8783851
Jurisdiction
LOS ANGELES
Metro division
LOS ANGELES-LONG BEACH-GLENDALE, CA METROPOLITAN DIVISION
Zoning & alternative use
PDR1* · Palmdale, CA
Zoning PDR1* · permitted uses
PDR1* · 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
1987
Construction
WOOD
Heating
NONE
Cooling
Yes
Units
296
Bathrooms
99
Lot
18.74 ac
Current owner
From public records · entity-resolved
Post Palmdale Chaparral LP
Entity
Mailing address
7284 W PALMETTO PARK RD STE #208, BOCA RATON, FL 33433-3414
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2025
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
8 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Mar 3, 2025
$71,000,000
Post Palmdale Chaparral LP
Palm Chaparral Apartments LLC
Grant Deed
$52,599,000 · Key Bank NA
Jun 14, 2001
—
Palm Chaparral Apts
Palm,chaparral
Quit Claim Deed
related
—
Dec 16, 1993
—
Palm Chaparral Assoc
First Nationwide
Grant Deed
related
—
Dec 15, 1993
—
Palmdale Cy
First Nationwide
Grant Deed
related
—
Jul 8, 1993
$8,000,000
First Nationwide Bank
Chaparral Ventur
Trustees Deed
related
—
Mar 22, 1990
$2,864,500
Dang H Song
Antelope Valley
Grant Deed
related
—
Jan 12, 1989
$300,000
Antelope Vly Fin
Bgr
Quit Claim Deed
related
—
—
—
Palm Chaparral Apt LLC
—
Deed Of Trust
related
$8,775,000 · Red Mortgage Capital INC
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
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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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