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Property profile & analytics
OFF-MARKET
Estimated value
$1,070,000
Apartment buildings
39011 10th W St Palmdale, CA 93551-3700
Individually Owned
3-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US10-0121942
Property profile
Verified
Property type
Apartment buildings
Use group
APARTMENT HOUSE (5+ UNITS)
Year built
1957
Construction
WOOD
Total area
4,100 SF
Lot
0.28 ac (12,018 SF)
Zoning code
LCR35000*
APN
3003-008-013
UPID
US10-0121942
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
$1.13M
CAP Approach
CAP
$980k
Comparable Approach
Comparable
$742k
Blend (final)
Blend
$1.07M
Owner & transaction history
Farnoosh Hekmat · 3 yrs held
Farnoosh Hekmat
since 2023
Last sale
$1.1M
7 recorded transactions
Zoning & alternative use
LCR35000* · Palmdale, CA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Commercial (general)
$1.3M
+111.6%
Warehouse, storage
$1.2M
+101.2%
Auto repair, garage
$840,000
+40.5%
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
$1,050,000
ML approach
$1,125,000
CAP Approach
CAP Return
Estimation
6%
$1,060,000
6.5%
$980,000
7%
$910,000
Alternative Use
Use
Estimation
COMMERCIAL (GENERAL)
$1,265,000
Change: +112% · Conversion: Moderate
WAREHOUSE, STORAGE
$1,205,000
Change: +101% · Conversion: Difficult
AUTO REPAIR, GARAGE
$840,000
Change: +41% · Conversion: Difficult
OFFICE BUILDING
$805,000
Change: +34% · Conversion: Moderate
RETAIL STORES
$790,000
Change: +32% · Conversion: Difficult
Blend value · Realmo final
$1.07M
Range $963k – $1.18M · ±10% · vs last sale $1.10M (Feb 6 2023)
Last sale anchor
$1.10M
Feb 6 2023
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
$261 / 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
$16,861
Tax year 2024
Assessed value
$1,122,000
Assessed 2024
Previous assessed
$1,122,000
+0.0% YoY
Effective rate
1.50%
On assessed value
Assessed land
$168,300
Assessed improvement
$953,700
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
1957
Construction
WOOD
Heating
NONE
Buildings
2
Units
5
Bathrooms
5
Total area
4,100 SF
Lot
0.28 ac (12,018 SF)
Zoning code
LCR35000*
APN
3003-008-013
UPID
US10-0121942
Jurisdiction
LOS ANGELES
Metro division
LOS ANGELES-LONG BEACH-GLENDALE, CA METROPOLITAN DIVISION
Zoning & alternative use
LCR35000* · Palmdale, CA
Zoning LCR35000* · permitted uses
LCR35000* · 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
$1.3M
WAREHOUSE, STORAGE
Est. value
$1.2M
AUTO REPAIR, GARAGE
Est. value
$840,000
OFFICE BUILDING
Est. value
$805,000
RETAIL STORES
Est. value
$790,000
COMMERCIAL (GENERAL)
WAREHOUSE, STORAGE
AUTO REPAIR, GARAGE
OFFICE BUILDING
RETAIL STORES
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
1957
Construction
WOOD
Heating
NONE
Buildings
2
Units
5
Bathrooms
5
Lot
0.28 ac
Current owner
From public records · entity-resolved
Farnoosh Hekmat
Individual
Mailing address
139 S KENTER AVE, LOS ANGELES, CA 90049-4017
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2023
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
10 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Feb 6, 2023
$1,100,000
Farnoosh Hekmat
Thomas S Marabella
Grant Deed
—
Dec 1, 2017
$576,000
Thomas S Marabella
Jgp Properties LLC
Grant Deed
$300,000 · Bofi Federal Bank
Nov 10, 2016
—
Jgp Properties LLC
Gonzalez,jesus
Quit Claim Deed
related
—
Sep 29, 2016
—
Jesus G Perez
—
Deed
related
$338,000 · Mortgage Mgmt Cnslts
Aug 17, 2016
—
Jesus Gonzalez
Moran,araceli D
Quit Claim Deed
related
—
Aug 17, 2016
$520,000
Jesus Gonzalez
De Robertis,joseph & Sheryl
Grant Deed
$338,000 · Mortgage Mgmt Cnslts
Nov 22, 2013
$350,000
Joseph De Robertis
Kostas Doris J 2011 Trust
Grant Deed
—
Oct 25, 2011
—
Kostas Doris J 2011 Trust
Kostas,doris J
Quit Claim Deed
related
—
—
—
Jesus G Perez
—
Deed Of Trust
related
$338,000 · Mortgage Mgmt Cnslts
—
—
Doris J Kostas
—
Deed Of Trust
related
$30,000 · Mojave Desert Bank
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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