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Property profile & analytics
OFF-MARKET
Apartment buildings
4039 Nicolet Ave Los Angeles, CA 90008-2217
Entity Owned
3-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US09-7226346
Property profile
Verified
Property type
Apartment buildings
Use group
APARTMENT HOUSE (5+ UNITS)
Year built
1957
Construction
WOOD
Total area
7,432 SF
Lot
0.18 ac (7,899 SF)
Zoning code
LAR3
APN
5028-001-018
UPID
US09-7226346
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
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
by Request
Owner & transaction history
First Republic Bank · 3 yrs held
First Republic Bank
since 2022
7 recorded transactions
Zoning & alternative use
LAR3 · Los Angeles, 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 Los Angeles submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Los Angeles 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
$14,706
Tax year 2024
Assessed value
$1,119,961
Assessed 2024
Previous assessed
$1,119,961
+0.0% YoY
Effective rate
1.31%
On assessed value
Assessed land
$771,788
Assessed improvement
$348,173
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
Cooling
YES
Units
6
Bathrooms
12
Total area
7,432 SF
Lot
0.18 ac (7,899 SF)
Zoning code
LAR3
APN
5028-001-018
UPID
US09-7226346
Jurisdiction
LOS ANGELES
Metro division
LOS ANGELES-LONG BEACH-GLENDALE, CA METROPOLITAN DIVISION
Zoning & alternative use
LAR3 · Los Angeles, CA
Zoning LAR3 · permitted uses
LAR3 · Los Angeles, CA
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Los Angeles. Always verify with local authorities before improvements.
Building & site characteristics
From public records
Year built
1957
Construction
WOOD
Heating
NONE
Cooling
Yes
Units
6
Bathrooms
12
Lot
0.18 ac
Current owner
From public records · entity-resolved
First Republic Bank
Entity
Mailing address
9221 MONTE MAR DR, LOS ANGELES, CA 90035-4130
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2022
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
14 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Nov 22, 2022
—
First Republic Bank
220 Properties LLC
Assignment Of Lease (leasehold Sale)
$700,000 · First Republic Bank
Oct 8, 2015
—
220 Properties LLC
Jacob,liron
Grant Deed
—
Oct 1, 2015
—
Liron Jacob
Chiche,vanessa R
Quit Claim Deed
related
$400,000 · Financial Ptrs Cu
Oct 1, 2015
$965,000
Liron Jacob
Macfarlane High Income Real
Grant Deed
—
Sep 19, 2012
$650,000
Macfarlane High Income R/e LP
Mcclendon,harold C
Grant Deed
—
Jan 19, 2007
$725,000
Harold C Mcclendon
Tancor Investment INC
Grant Deed
$530,000 · Fidelity Bancorp Funding INC
Jan 19, 2007
—
Harold C Mcclendon
King,janine M
Grant Deed
related
—
Feb 8, 2000
$1,000
Tancor Investment
Saw-j Properties INC
Grant Deed
related
—
Sep 4, 1998
$195,000
Saw-j Properties INC
Washington Mutual Fsb
Grant Deed
$164,000 · Individual
Apr 17, 1998
$93,399
Washington Mutual Fsb
Hills,harold & Roslynn
Trustees Deed
related
—
—
—
Harold Hills
—
Deed Of Trust
related
—
—
—
Harold Hills
—
Deed Of Trust
related
$34,000 · Individual
—
—
Tancor Investment INC
—
Deed Of Trust
related
$228,000 · Omni Bank
—
—
Saw-j Properties
—
Deed Of Trust
related
$61,750 · Individual
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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