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Property profile & analytics
OFF-MARKET
Estimated value
$18,760,000
Apartment buildings
44045 15th W St Lancaster, CA 93534-4046
Entity Owned
6-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US09-6483058
Property profile
Verified
Property type
Apartment buildings
Use group
APARTMENT HOUSE (5+ UNITS)
Year built
1973
Construction
WOOD
Total area
185,527 SF
Lot
9.64 ac (420,107 SF)
Zoning code
LRR325U*
APN
3123-004-027
UPID
US09-6483058
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
-
Racquet Club Apartments Apartment Building Apartment Complex
-
Nothing But Parties by Sylvia Party Supply Store Rental Equipment Company
-
Permanent Make up Designz Drucilla Smith Hair Salon Nail Salon
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$12.08M
Blend (final)
Blend
$18.76M
Owner & transaction history
Lancaster Realty Holdings LLC · 6 yrs held
Lancaster Realty Holdings LLC
since 2020
Last sale
$21.0M
7 recorded transactions
Zoning & alternative use
LRR325U* · Lancaster, 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 Lancaster submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Lancaster 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
Blend value · Realmo final
$18.76M
Range $16.88M – $20.64M · ±10% · vs last sale $21.00M (Jun 2 2020)
Last sale anchor
$21.00M
Jun 2 2020
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
$101 / 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
$431,404
Tax year 2024
Assessed value
$28,482,471
Assessed 2024
Previous assessed
$28,482,471
+0.0% YoY
Effective rate
1.51%
On assessed value
Assessed land
$11,712,948
Assessed improvement
$16,769,523
Applied tax rate
5.0000
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
1973
Construction
WOOD
Heating
NONE
Cooling
CENTRAL
Units
200
Bathrooms
19
Total area
185,527 SF
Lot
9.64 ac (420,107 SF)
Zoning code
LRR325U*
APN
3123-004-027
UPID
US09-6483058
Jurisdiction
LOS ANGELES
Metro division
LOS ANGELES-LONG BEACH-GLENDALE, CA METROPOLITAN DIVISION
Zoning & alternative use
LRR325U* · Lancaster, CA
Zoning LRR325U* · permitted uses
LRR325U* · Lancaster, CA
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Lancaster. Always verify with local authorities before improvements.
Building & site characteristics
From public records
Year built
1973
Construction
WOOD
Heating
NONE
Cooling
Yes
Units
200
Bathrooms
19
Lot
9.64 ac
Current owner
From public records · entity-resolved
Lancaster Realty Holdings LLC
Entity
Mailing address
1600 ROSECRANS AVE, MANHATTAN BEACH, CA 90266-3708
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2020
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
Jun 2, 2020
—
Lancaster Realty Holdings LLC
Lancaster Spe Tic LLC
Quit Claim Deed
$28,004,000 · Greystone Svcng Corp
Jul 20, 2017
$21,000,000
Lancaster Spe Tic LLC
Racquet Club Lancsaster LLC
Grant Deed
$17,150,000 · Berkadia Commercial Mortgage LLC
Nov 26, 2014
—
Racquet Club Lancaster LLC
Lancaster Racquet Club Apartme
Quit Claim Deed
$10,700,000 · Pillar Multifamily
Nov 17, 1972
$189,000
Ber-vep Development Company
—
Grant Deed
related
—
—
—
Ber-vep Development Comp
—
Deed Of Trust
related
$2,000,000 · Home Savings Of America
—
—
Lancaster Racquet Club Apts
—
Deed Of Trust
related
$3,700,000 · Gmac Commercial Mortgage Corp
—
—
Lancaster Racquet Club Apartme
—
Deed Of Trust
related
$6,900,000 · Pnc Arcs LLC
Sep 11, 1968
—
—
—
Grant 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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