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Property profile & analytics
OFF-MARKET
Estimated value
$5,800,000
Apartment buildings
38675 12th E St Palmdale, CA 93550-2201
Entity Owned
13-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US09-8629460
Property profile
Verified
Property type
Apartment buildings
Use group
APARTMENT HOUSE (5+ UNITS)
Year built
1985
Construction
WOOD
Total area
21,480 SF
Lot
0.99 ac (42,952 SF)
Zoning code
PDR3*
APN
3015-006-015
UPID
US09-8629460
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
-
12th St Courtyard Apartment Building
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$5.87M
CAP Approach
CAP
$5.14M
Comparable Approach
Comparable
$3.77M
Blend (final)
Blend
$5.80M
Owner & transaction history
Yunlin LLC · 13 yrs held
Yunlin LLC
since 2013
Last sale
$5.8M
4 recorded transactions
Zoning & alternative use
PDR3* · Palmdale, CA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Commercial (general)
$6.6M
+131.2%
Warehouse, storage
$6.3M
+119.9%
Auto repair, garage
$4.7M
+63.5%
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
$5,835,000
ML approach
$5,865,000
CAP Approach
CAP Return
Estimation
6%
$5,565,000
6.5%
$5,135,000
7%
$4,770,000
Alternative Use
Use
Estimation
COMMERCIAL (GENERAL)
$6,635,000
Change: +131% · Conversion: Moderate
WAREHOUSE, STORAGE
$6,310,000
Change: +120% · Conversion: Difficult
AUTO REPAIR, GARAGE
$4,695,000
Change: +63% · Conversion: Difficult
INDUSTRIAL (GENERAL)
$4,440,000
Change: +55% · Conversion: Difficult
Blend value · Realmo final
$5.80M
Range $5.22M – $6.38M · ±10% · vs last sale $5.75M (Dec 16 2020)
Last sale anchor
$5.75M
Dec 16 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
$270 / 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
$49,369
Tax year 2024
Assessed value
$3,117,160
Assessed 2024
Previous assessed
$3,117,160
+0.0% YoY
Effective rate
1.58%
On assessed value
Assessed land
$466,931
Assessed improvement
$2,650,229
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
1985
Construction
WOOD
Heating
NONE
Cooling
YES
Units
19
Bathrooms
43
Total area
21,480 SF
Lot
0.99 ac (42,952 SF)
Zoning code
PDR3*
APN
3015-006-015
UPID
US09-8629460
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
COMMERCIAL (GENERAL)
Est. value
$6.6M
WAREHOUSE, STORAGE
Est. value
$6.3M
AUTO REPAIR, GARAGE
Est. value
$4.7M
INDUSTRIAL (GENERAL)
Est. value
$4.4M
COMMERCIAL (GENERAL)
WAREHOUSE, STORAGE
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
1985
Construction
WOOD
Heating
NONE
Cooling
Yes
Units
19
Bathrooms
43
Lot
0.99 ac
Current owner
From public records · entity-resolved
Yunlin LLC
Entity
Mailing address
11940 SAN VICENTE BLVD #105, LOS ANGELES, CA 90049-5004
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2013
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
4 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
May 3, 2013
$3,030,000
Yunlin LLC
Countrywide Investments LLC
Grant Deed
$1,515,000 · East West Bank
Oct 14, 2010
$1,950,000
Hsh Properties & Invs LLC
Young,adrian
Quit Claim Deed
related
—
Sep 19, 2000
$1,430,000
Street Courtyard East Apt 12th
Lai Trust
Grant Deed
—
Aug 4, 1992
—
Lai Young K
—
Deed Of Trust
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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