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Property profile & analytics
OFF-MARKET
Estimated value
$2,400,000
Apartment buildings
38633 Larkin Ave Palmdale, CA 93550-7279
Entity Owned
1-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US09-6496659
Property profile
Verified
Property type
Apartment buildings
Use group
APARTMENT HOUSE (5+ UNITS)
Year built
1984
Construction
WOOD
Total area
15,266 SF
Lot
0.55 ac (24,006 SF)
Zoning code
PDR3*
APN
3008-008-035
UPID
US09-6496659
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
$2.40M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$1.58M
Blend (final)
Blend
$2.40M
Owner & transaction history
Golden Opportunity No 14 LP · 1 yrs held
Golden Opportunity No 14 LP
since 2024
Last sale
$2.4M
7 recorded transactions
Zoning & alternative use
PDR3* · Palmdale, CA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Auto repair, garage
$3.3M
+63.5%
Industrial (general)
$3.2M
+54.6%
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
$2,400,000
ML approach
$2,400,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
APARTMENT HOUSE (5+ UNITS)
$2,040,000
Current use
AUTO REPAIR, GARAGE
$3,335,000
Change: +63% · Conversion: Difficult
INDUSTRIAL (GENERAL)
$3,155,000
Change: +55% · Conversion: Difficult
Blend value · Realmo final
$2.40M
Range $2.16M – $2.64M · ±10% · vs last sale $2.40M (Sep 5 2024)
Last sale anchor
$2.40M
Sep 5 2024
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
$157 / 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
$19,546
Tax year 2024
Assessed value
$1,225,408
Assessed 2024
Previous assessed
$1,225,408
+0.0% YoY
Effective rate
1.60%
On assessed value
Assessed land
$188,521
Assessed improvement
$1,036,887
Applied tax rate
17.0000
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
1984
Construction
WOOD
Heating
NONE
Cooling
YES
Units
18
Bathrooms
18
Total area
15,266 SF
Lot
0.55 ac (24,006 SF)
Zoning code
PDR3*
APN
3008-008-035
UPID
US09-6496659
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.
Alternative use value scenarios
Repositioning upside vs current use
APARTMENT HOUSE (5+ UNITS) Current
Est. value
$2.0M
AUTO REPAIR, GARAGE
Est. value
$3.3M
INDUSTRIAL (GENERAL)
Est. value
$3.2M
APARTMENT HOUSE (5+ UNITS) Current
AUTO REPAIR, GARAGE
INDUSTRIAL (GENERAL)
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
1984
Construction
WOOD
Heating
NONE
Cooling
Yes
Units
18
Bathrooms
18
Lot
0.55 ac
Current owner
From public records · entity-resolved
Golden Opportunity No 14 LP
Entity
Mailing address
2234 E COLORADO BLVD STE #700, PASADENA, CA 91107-3608
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2024
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
11 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Sep 5, 2024
$2,400,000
Golden Opportunity No 14 LP
Sergio Benedetto
Grant Deed
$2,400,000 · Western Alliance Bank
Apr 24, 2024
—
Sergio Benedetto
Noah Samuel Marmel
Affidavit Death Of Trustee/successor Trustee
—
Jul 23, 2014
$1,040,000
Marmel,noah Trust
Salesian Society
Grant Deed
—
Feb 5, 2014
$140,000
Salesian Society
Muguiro,julian
Grant Deed
—
Jun 30, 1995
$125,000
Julian Muguiro
Argo Reo LP
Grant Deed
—
Mar 28, 1995
—
Argo Reo LP
—
Deed Of Trust
related
$102,000,000 · Salomon Brothers Realty Corp
Jan 30, 1994
$66,000
Michael J Fizzolio
—
Grant Deed
related
—
Dec 27, 1993
$542,835
California Federal Bank
Fizzolio,michael
Trustees Deed
related
—
Jul 7, 1992
$37,000
Bels Properties
Lnbs Properties
Grant Deed
$36,568 · Seller
Jun 21, 1989
$169,000
Lnbs Props
William Data Pro
Trustees Deed
related
—
—
—
Lnbs Props
—
Deed Of Trust
related
$34,450 · Laibow Kenneth
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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