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Property profile & analytics
OFF-MARKET
Estimated value
$1,900,000
Apartment buildings
414 2nd Ave Arcadia, CA 91006-7307
Individually Owned
~
Est. High Equity
Property ID
US09-2038214
Property profile
Verified
Property type
Apartment buildings
Use group
APARTMENT HOUSE (5+ UNITS)
Year built
1931
Construction
WOOD
Total area
5,026 SF
Lot
0.56 ac (24,322 SF)
Zoning code
ARR2YY
APN
5779-004-023
UPID
US09-2038214
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
-
NCTAR LLC Research Institute
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$1.90M
CAP Approach
CAP
$1.25M
Comparable Approach
Comparable
$2.38M
Blend (final)
Blend
$1.90M
Owner & transaction history
Shun Tam Hei
Shun Tam Hei
since 2025
Last sale
$1.9M
7 recorded transactions
Zoning & alternative use
ARR2YY · Arcadia, CA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Neighborhood: shopping center
$3.1M
+75.9%
Office building
$2.7M
+54.5%
Auto repair, garage
$2.3M
+33.7%
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 Arcadia submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Arcadia 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
$1,900,000
ML approach
$1,900,000
CAP Approach
CAP Return
Estimation
6%
$1,350,000
6.5%
$1,245,000
7%
$1,155,000
Alternative Use
Use
Estimation
APARTMENT HOUSE (5+ UNITS)
$1,740,000
Current use
NEIGHBORHOOD: SHOPPING CENTER
$3,060,000
Change: +76% · Conversion: Difficult
OFFICE BUILDING
$2,685,000
Change: +54% · Conversion: Moderate
AUTO REPAIR, GARAGE
$2,325,000
Change: +34% · Conversion: Difficult
MEDICAL BUILDING
$2,285,000
Change: +31% · Conversion: Moderate
RETAIL STORES
$2,025,000
Change: +16% · Conversion: Difficult
COMMERCIAL (GENERAL)
$1,555,000
Change: -11% · Conversion: Moderate
Blend value · Realmo final
$1.90M
Range $1.71M – $2.09M · ±10% · vs last sale $1.90M (Jan 30 2024)
Last sale anchor
$1.90M
Jan 30 2024
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
$378 / 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 2023Property tax & assessments
Tax year 2023
Tax billed
$30,596
Tax year 2023
Assessed value
$2,628,364
Assessed 2023
Previous assessed
$2,628,364
+0.0% YoY
Effective rate
1.16%
On assessed value
Assessed land
$2,102,356
Assessed improvement
$526,008
Applied tax rate
1.0000
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
1931
Construction
WOOD
Heating
CENTRAL
Cooling
YES
Buildings
3
Units
5
Bathrooms
3
Total area
5,026 SF
Lot
0.56 ac (24,322 SF)
Zoning code
ARR2YY
APN
5779-004-023
UPID
US09-2038214
Jurisdiction
LOS ANGELES
Metro division
LOS ANGELES-LONG BEACH-GLENDALE, CA METROPOLITAN DIVISION
Zoning & alternative use
ARR2YY · Arcadia, CA
Zoning ARR2YY · permitted uses
ARR2YY · Arcadia, CA
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Arcadia. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
APARTMENT HOUSE (5+ UNITS) Current
Est. value
$1.7M
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$3.1M
OFFICE BUILDING
Est. value
$2.7M
AUTO REPAIR, GARAGE
Est. value
$2.3M
MEDICAL BUILDING
Est. value
$2.3M
RETAIL STORES
Est. value
$2.0M
COMMERCIAL (GENERAL)
Est. value
$1.6M
APARTMENT HOUSE (5+ UNITS) Current
NEIGHBORHOOD: SHOPPING CENTER
OFFICE BUILDING
AUTO REPAIR, GARAGE
MEDICAL BUILDING
RETAIL STORES
COMMERCIAL (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
1931
Construction
WOOD
Heating
CENTRAL
Cooling
Yes
Buildings
3
Units
5
Bathrooms
3
Lot
0.56 ac
Current owner
From public records · entity-resolved
Shun Tam Hei
Individual
Mailing address
414 S 2ND AVE UNIT E, ARCADIA, CA 91006-3840
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
2025
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
Nov 18, 2025
—
Shun Tam Hei
—
Deed
related
$1,387,500 · Emet Lending Group INC
Aug 6, 2025
$1,880,000
Shun Tam Hei
418 Second Ave LLC
Grant Deed
$4,410,000 · Sandy Liu
Aug 6, 2025
—
Wai Ying Leung
Michael Chi Tam
Quitclaim Deed
related
—
Nov 12, 2024
—
Lyndse Xuan Trinii
—
Deed
related
$1,486,500 · Nmsi INC
Jan 30, 2024
$1,900,000
Donald F C Chen
418 Second Ave LLC
Grant Deed
—
Nov 22, 2023
$1,829,000
Lyndsey Xuan Trinh
418 Second Ave LLC
Grant Deed
$1,463,104 · Nmsi INC
Nov 17, 2023
$1,950,000
Ye Zhan
418 Second Ave LLC
Grant Deed
—
Oct 31, 2023
$1,829,000
Lung Wan Fu
418 Second Ave LLC
Grant Deed
—
Feb 13, 2020
$2,500,000
418 Second Ave LLC
Svpp Properties LLC
Grant Deed
$1,250,000 · Royal Business Bank
Aug 16, 2019
$8,150,000
Svpp Properties LLC
Douglas C Johnson
Grant Deed
$3,400,000 · Western Alliance Bank
Jul 15, 2019
—
Douglas C Johnson
Johnson Family Trust
Quit Claim Deed
related
—
Jun 22, 2018
—
Johnson Family Trust
Johnson D C & W H F/tr
Quit Claim Deed
related
—
Oct 26, 2016
—
Johnson,dean C & Wilma H Trust
Johnson Family Trust
Quit Claim Deed
related
—
May 2, 2014
—
Johnson,wilma H Tr
Johnson,dean C
Affidavit Of Death
related
—
May 8, 2007
—
Johnson Family Trust
Johnson Family Trust
Quit Claim Deed
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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