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Property profile & analytics
OFF-MARKET
Estimated value
$515,000
Apartment buildings
407 Witmer St Los Angeles, CA 90017-1311
Entity Owned
8-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US09-6776319
Property profile
Verified
Property type
Apartment buildings
Use group
APARTMENT HOUSE (5+ UNITS)
Year built
1923
Construction
WOOD
Total area
4,700 SF
Lot
0.14 ac (5,992 SF)
Zoning code
LAR3
APN
5153-026-020
UPID
US09-6776319
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
$534k
Blend (final)
Blend
$515k
Owner & transaction history
407 Witmer Street LLC · 8 yrs held
407 Witmer Street LLC
since 2017
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
Method
Estimation
Statistic approach
by Request
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
APARTMENT HOUSE (5+ UNITS)
$850,000
Current use
Blend value · Realmo final
$515k
Range $464k – $567k · ±10%
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
$110 / 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
$15,909
Tax year 2024
Assessed value
$1,238,796
Assessed 2024
Previous assessed
$1,238,796
+0.0% YoY
Effective rate
1.28%
On assessed value
Assessed land
$990,579
Assessed improvement
$248,217
Applied tax rate
12.0000
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
1923
Construction
WOOD
Heating
NONE
Cooling
YES
Units
8
Total area
4,700 SF
Lot
0.14 ac (5,992 SF)
Zoning code
LAR3
APN
5153-026-020
UPID
US09-6776319
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.
Alternative use value scenarios
Repositioning upside vs current use
APARTMENT HOUSE (5+ UNITS) Current
Est. value
$850,000
APARTMENT HOUSE (5+ UNITS) Current
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
1923
Construction
WOOD
Heating
NONE
Cooling
Yes
Units
8
Lot
0.14 ac
Current owner
From public records · entity-resolved
407 Witmer Street LLC
Entity
Mailing address
948 SANTEE ST2NDFL, LOS ANGELES, CA 90015-1816
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2017
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
15 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jun 12, 2020
—
407 Witmer Street LLC
—
Deed
related
$797,500 · First Republic Bank
Apr 16, 2018
—
407 Witmor Street LLC
—
Deed
related
$640,000 · First Republic Bank
Dec 19, 2017
$1,110,000
407 Witmer Street LLC
Witmer Associates LLC
Grant Deed
—
Jan 25, 2013
$550,000
Witmer Associates LLC
407 Witmer LLC
Grant Deed
—
Jul 25, 2005
—
407 Witmer LLC
Edwards,brian P & Nouria
Quit Claim Deed
related
—
Jan 15, 2003
—
Brian P Edwards
Los Angeles Business Financial
Grant Deed
$244,000 · Los Angeles Business Financial
Sep 9, 1993
$150,000
Angeles Business Fin'l Cor Los
Glendale Federal
Grant Deed
related
$120,000 · Glendale Federal Bank
May 17, 1993
$358,621
Glendale Federal Bank
Labe Trust
Trustees Deed
related
—
Mar 26, 1992
—
7 Lucky
—
Deed Of Trust
related
—
Sep 11, 1989
—
Labe Tr
Labe Marcus&ann&
Quit Claim Deed
related
—
—
—
Brian P Edwards
—
Deed Of Trust
related
$333,000 · Imperial Capital Bank
—
—
Angeles Business Fin'l Los
—
Deed Of Trust
related
$736,000 · Beneficial Funding Corp
—
—
Brian P Edwards
—
Deed Of Trust
related
$252,000 · Imperial Capital Bank
—
—
Labe Tr
—
Deed Of Trust
related
$318,750 · Glendale Federal Bank
—
—
Angeles Business Fin'l Los
—
Deed Of Trust
related
$647,000 · Beneficial Funding Corp
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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