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Property profile & analytics
OFF-MARKET
Estimated value
$985,000
High-rise multifamily apartments
418 Normandie Ave Los Angeles, CA 90020-2950
Trust Owned
9-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US09-7256756
Property profile
Verified
Property type
High-rise multifamily apartments
Use group
HIGH-RISE APARTMENTS
Year built
1927
Construction
TILT-UP CONCRETE
Total area
61,685 SF
Lot
0.43 ac (18,519 SF)
Zoning code
LAR4
APN
5502-015-007
UPID
US09-7256756
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
-
Appit (Bike/Boat/Book/etc) Store Corporate Office
-
Oliver Cromwell Apartments Apartment Building
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$795k
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$1.17M
Blend (final)
Blend
$985k
Owner & transaction history
Wong,gloria W Living Trust · 9 yrs held
Wong,gloria W Living Trust
since 2016
7 recorded transactions
Zoning & alternative use
LAR4 · 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
$795,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Blend value · Realmo final
$985k
Range $887k – $1.08M · ±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
$16 / 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
$41,648
Tax year 2024
Assessed value
$2,933,010
Assessed 2024
Previous assessed
$2,933,010
+0.0% YoY
Effective rate
1.42%
On assessed value
Assessed land
$1,233,432
Assessed improvement
$1,699,578
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
High-rise multifamily apartments
Use group
HIGH-RISE APARTMENTS
Status
Off-Market
Year built
1927
Construction
TILT-UP CONCRETE
Heating
NONE
Cooling
YES
Units
97
Total area
61,685 SF
Lot
0.43 ac (18,519 SF)
Zoning code
LAR4
APN
5502-015-007
UPID
US09-7256756
Jurisdiction
LOS ANGELES
Metro division
LOS ANGELES-LONG BEACH-GLENDALE, CA METROPOLITAN DIVISION
Zoning & alternative use
LAR4 · Los Angeles, CA
Zoning LAR4 · permitted uses
LAR4 · 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
1927
Construction
TILT-UP CONCRETE
Heating
NONE
Cooling
Yes
Units
97
Lot
0.43 ac
Current owner
From public records · entity-resolved
Wong,gloria W Living Trust
Trust
Mailing address
3251 W 6TH ST STE #109, LOS ANGELES, CA 90020-5018
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2016
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
8 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Apr 1, 2019
—
418 South Normandie LLC
—
Grant Deed
related
$4,070,000 · Jp Morgan Chase Bk
Oct 25, 2016
—
Wong,gloria W Living Trust
Wong,gloria W
Quitclaim Deed
related
—
Oct 18, 2016
—
Wong,clarence & Louise Trust
Wong,clarence C
Quitclaim Deed
related
—
Jun 18, 2009
—
418 South Normandie LLC
New Keap Investments LLC
Quit Claim Deed
related
$4,694,100 · Alliant Capital LLC
Nov 7, 2003
—
New Keap Investments LLC
New Keap Properties LP
Quit Claim Deed
related
$2,000,000 · Commercial Capital Bank Fsb
Dec 29, 2000
—
New Keap Investments LLC
—
Deed Of Trust
related
$1,775,000 · Fidelity Fsb
Dec 27, 1996
—
New Keap Investments LLC
—
Deed Of Trust
related
—
Dec 2, 1994
—
New Keap Properties LP
—
Deed Of Trust
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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