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Property profile & analytics
OFF-MARKET
Estimated value
$2,095,000
Apartment buildings
413 Ave Q7 Palmdale, CA 93550-7107
Entity Owned
6-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US09-7486065
Property profile
Verified
Property type
Apartment buildings
Use group
APARTMENT HOUSE (5+ UNITS)
Year built
1982
Construction
WOOD
Total area
17,922 SF
Lot
0.61 ac (26,633 SF)
Zoning code
PDR3*
APN
3008-015-037
UPID
US09-7486065
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
-
Handyman Yard Cleanup Trash Hardware & Home Improvement General Contractor
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$2.74M
Blend (final)
Blend
$2.10M
Owner & transaction history
Group I El Monte Properties Ltd · 6 yrs held
Group I El Monte Properties Ltd
since 2019
7 recorded transactions
Zoning & alternative use
PDR3* · Palmdale, 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 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
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)
$2,395,000
Current use
Blend value · Realmo final
$2.10M
Range $1.89M – $2.30M · ±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
$117 / 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
$37,589
Tax year 2024
Assessed value
$2,128,958
Assessed 2024
Previous assessed
$2,128,958
+0.0% YoY
Effective rate
1.77%
On assessed value
Assessed land
$321,660
Assessed improvement
$1,807,298
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
1982
Construction
WOOD
Heating
NONE
Cooling
YES
Units
20
Bathrooms
31
Total area
17,922 SF
Lot
0.61 ac (26,633 SF)
Zoning code
PDR3*
APN
3008-015-037
UPID
US09-7486065
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
$2.4M
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
1982
Construction
WOOD
Heating
NONE
Cooling
Yes
Units
20
Bathrooms
31
Lot
0.61 ac
Current owner
From public records · entity-resolved
Group I El Monte Properties Ltd
Entity
Mailing address
4900 SANTA ANITA AVE STE 2C, EL MONTE, CA 91731-1490
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2019
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
23 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Dec 27, 2019
—
Group I El Monte Properties Ltd
Group Xiii Properties LP
Grant Deed
$1,690,000 · East West Bank
Nov 4, 2019
—
Group I El Monte Prop Ltd
Group Xill Properties LP
Quit Claim Deed
related
—
Nov 8, 2018
—
Group Xiii Properties LP
—
Grant Deed
related
$1,750,000 · Western Alliance Bk
Nov 7, 2018
$1,750,000
Group Xie Properties LP
Cw Piedmont LLC
Grant Deed
—
May 8, 2014
$1,300,000
Cw Piedmont LLC
Soly Cielo I LLC
Grant Deed
$750,000 · Eastern International Bank
Nov 4, 2011
—
Sol Y Cielo I LLC
Sky River Stone I LLC
Grant Deed
$568,000 · Us Bank NA
Aug 19, 2011
$710,000
Sky River Stone I LLC
Burbank Invstr Svcs
Grant Deed
—
Mar 15, 2011
$1,167,000
Burbank Invstr Svcs
Fidelity National Title Co
Trustees Deed
related
—
Sep 24, 2010
—
Engelberg Investments LLC
Engelberg Trust
Quit Claim Deed
—
May 13, 2010
—
Engelberg Trust No 10043187
Engelberg Investments LLC
Quit Claim Deed
—
Oct 12, 2007
—
Engelberg Investments LLC
Edgar Reinoso
Grant Deed
$1,088,750 · Luther Burbank Savings
Oct 26, 2006
—
Edgar Reinoso
Reinoso,edgar
Quit Claim Deed
—
Sep 26, 2005
—
Major Investments LLC
Reinoso,edgar
Grant Deed
—
Nov 4, 2002
—
Edgar Reinoso
Reinoso,l
Quit Claim Deed
related
—
Nov 4, 2002
$660,000
Edgar Reinoso
Vb Rentals LLC
Grant Deed
$429,000 · Jackson Federal Bank
Mar 15, 2002
—
Vb Rentals
Dodson,j
Quit Claim Deed
related
—
Sep 1, 2000
$500,000
James Etal Dodson
—
Grant Deed
related
—
Apr 7, 2000
$356,500
Strategic Acquisitions INC
—
Grant Deed
related
—
Nov 20, 1990
$355,000
Gorgonio Saucedo
Q 7 Apartments
Grant Deed
related
$102,000 · Seller
—
—
Group Xiii Properties LP
—
Deed Of Trust
related
$1,750,000 · Western Alliance Bk
—
—
Vb Rentals LLC
—
Deed Of Trust
related
$19,499 · James Dooson
—
—
Vb Rentals LLC
—
Deed Of Trust
related
$19,499 · Peter Baer
—
—
Q 7 Apartments L
—
Deed Of Trust
related
$2,113 · Parker Eileen
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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