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Property profile & analytics
OFF-MARKET
Estimated value
$835,000
Apartment buildings
46 Highland Ave Sierra Madre, CA 91024-1946
Entity Owned
11-yr Hold
~
Est. High Equity
Property ID
US09-6440633
Property profile
Verified
Property type
Apartment buildings
Use group
APARTMENT HOUSE (5+ UNITS)
Year built
1938
Construction
WOOD
Total area
4,490 SF
Lot
0.27 ac (11,569 SF)
Zoning code
SRR3YY
APN
5767-013-005
UPID
US09-6440633
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
$1.11M
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$835k
Owner & transaction history
Mb Equity LLC · 11 yrs held
Mb Equity LLC
since 2014
7 recorded transactions
Zoning & alternative use
SRR3YY · Sierra Madre, CA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Commercial (general)
$1.4M
+17.1%
Warehouse, storage
$1.3M
+11.4%
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 Sierra Madre submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Sierra Madre 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%
$1,205,000
6.5%
$1,110,000
7%
$1,030,000
Alternative Use
Use
Estimation
APARTMENT HOUSE (5+ UNITS)
$1,185,000
Current use
COMMERCIAL (GENERAL)
$1,385,000
Change: +17% · Conversion: Moderate
WAREHOUSE, STORAGE
$1,320,000
Change: +11% · Conversion: Difficult
Blend value · Realmo final
$835k
Range $752k – $919k · ±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
$186 / 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
$18,599
Tax year 2024
Assessed value
$1,532,123
Assessed 2024
Previous assessed
$1,532,123
+0.0% YoY
Effective rate
1.21%
On assessed value
Assessed land
$1,060,452
Assessed improvement
$471,671
Applied tax rate
7.0000
Comparables
6 recent transactions · within 1.5 miComparable in this city
6 recent transactions
Comparable in this City
Similar Nearby for Sale
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
1938
Construction
WOOD
Heating
NONE
Cooling
YES
Buildings
2
Units
5
Bathrooms
9
Total area
4,490 SF
Lot
0.27 ac (11,569 SF)
Zoning code
SRR3YY
APN
5767-013-005
UPID
US09-6440633
Jurisdiction
LOS ANGELES
Metro division
LOS ANGELES-LONG BEACH-GLENDALE, CA METROPOLITAN DIVISION
Zoning & alternative use
SRR3YY · Sierra Madre, CAZoning SRR3YY · permitted uses
SRR3YY · Sierra Madre, CA
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Alternative use value scenarios
Repositioning upside vs current use
APARTMENT HOUSE (5+ UNITS) Current
Est. value
$1.2M
COMMERCIAL (GENERAL)
Est. value
$1.4M
WAREHOUSE, STORAGE
Est. value
$1.3M
APARTMENT HOUSE (5+ UNITS) Current
COMMERCIAL (GENERAL)
WAREHOUSE, STORAGE
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
1938
Construction
WOOD
Heating
NONE
Cooling
Yes
Buildings
2
Units
5
Bathrooms
9
Lot
0.27 ac
Current owner
From public records · entity-resolved
Mb Equity LLC
Entity
Mailing address
PO BOX 661904, ARCADIA, CA 91066-1904
Ownership since
2014
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
13 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Aug 1, 2017
—
Mb Equity LLC
—
Deed
related
$1,045,000 · First Republic Bank
Aug 15, 2014
$1,300,000
Mb Equity LLC
46 E Highland INC
Grant Deed
$1,000,000 · Schneider Family Trust (pt)
Jul 17, 2009
—
Steven L Harbaugh
Harbaugh,steven R
Affidavit Of Death
related
—
May 14, 2008
—
46 E Highland INC
Harbaugh S R Living Trust
Quit Claim Deed
related
—
Feb 6, 2007
—
Harbaugh S L 2006 Living Trust
Harbaugh S R Living Trust
Quit Claim Deed
related
—
Jan 12, 2006
—
Harbaugh Steven R 2005 Trust
Harbaugh,steven R
Quit Claim Deed
related
—
Oct 7, 2004
—
Steven R Harbaugh
Harbaugh S & M 2001 Trust
Quit Claim Deed
related
—
Dec 6, 1996
$330,000
Steven R Harbaugh
Higuera Trust
Grant Deed
$140,000 · World Savings Bank
Jul 9, 1996
$356,567
Higuera Trust
Henry C Brandt Estate
Trustees Deed
—
Jul 12, 1990
$560,000
Brandt Roland M
Downstream Excha
Trustees Deed
$335,000 · Individual
Jul 12, 1990
$335,000
Downstream Excha
Higuera Sharon G
Trustees Deed
related
—
—
—
46 E Highland INC
—
Deed Of Trust
related
$550,000 · Provident Savings Bank
—
—
Steven R Harbaugh
—
Deed Of Trust
related
$400,000 · East West Bank
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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