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Property profile & analytics
OFF-MARKET
Estimated value
$540,000
Apartment buildings
504 Ave Q3 Palmdale, CA 93550-3781
Entity Owned
4-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US09-6496667
Property profile
Verified
Property type
Apartment buildings
Use group
APARTMENT HOUSE (5+ UNITS)
Year built
1980
Construction
WOOD
Total area
3,960 SF
Lot
0.23 ac (9,972 SF)
Zoning code
PDR3*
APN
3008-013-040
UPID
US09-6496667
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
by Request
Comparable Approach
Comparable
$695k
Blend (final)
Blend
$540k
Owner & transaction history
504 E Avenue Q3 LLC · 4 yrs held
504 E Avenue Q3 LLC
since 2021
7 recorded transactions
Zoning & alternative use
PDR3* · Palmdale, CA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Auto repair, garage
$865,000
+63.5%
Office building
$775,000
+46.5%
Retail stores
$755,000
+42.7%
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 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)
$530,000
Current use
AUTO REPAIR, GARAGE
$865,000
Change: +63% · Conversion: Difficult
OFFICE BUILDING
$775,000
Change: +47% · Conversion: Moderate
RETAIL STORES
$755,000
Change: +43% · Conversion: Difficult
Blend value · Realmo final
$540k
Range $486k – $594k · ±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
$136 / 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
$12,024
Tax year 2024
Assessed value
$715,691
Assessed 2024
Previous assessed
$715,691
+0.0% YoY
Effective rate
1.68%
On assessed value
Assessed land
$107,219
Assessed improvement
$608,472
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
1980
Construction
WOOD
Heating
NONE
Cooling
YES
Units
6
Bathrooms
12
Total area
3,960 SF
Lot
0.23 ac (9,972 SF)
Zoning code
PDR3*
APN
3008-013-040
UPID
US09-6496667
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
$530,000
AUTO REPAIR, GARAGE
Est. value
$865,000
OFFICE BUILDING
Est. value
$775,000
RETAIL STORES
Est. value
$755,000
APARTMENT HOUSE (5+ UNITS) Current
AUTO REPAIR, GARAGE
OFFICE BUILDING
RETAIL STORES
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
1980
Construction
WOOD
Heating
NONE
Cooling
Yes
Units
6
Bathrooms
12
Lot
0.23 ac
Current owner
From public records · entity-resolved
504 E Avenue Q3 LLC
Entity
Mailing address
29857 VIOLET HLS DR, SANTA CLARITA, CA 91387-1933
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2021
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
16 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Dec 13, 2021
—
504 E Avenue Q3 LLC
Michael J Singleton SR.
Grant Deed
$600,000 · Credit Union Of Southern California
Jun 24, 2020
—
John R Snyder
Olga E Snyder
Quit Claim Deed
related
—
Jun 24, 2020
$667,500
Michael Singleton
John R Snyder
Grant Deed
—
Aug 9, 2016
—
John R Snyder
Snyder,ruth A
Affidavit Of Death
related
—
Apr 15, 2016
—
Cathy I Hunt
Indart,jean L
Affidavit Of Death
related
—
Mar 18, 2016
—
John R Snyder
Snyder,olga E
Quit Claim Deed
related
—
Mar 18, 2016
$450,000
Ruth E Snyder
Mountain Quail Properties LLC
Grant Deed
—
Feb 3, 2016
—
Mountain Quail Properties INC
Mountain Quail Properties LLC
Quit Claim Deed
related
—
Oct 30, 2012
—
Jean Indart
Indart,louise
Quit Claim Deed
related
—
Jun 20, 1994
—
Jean Indart
Indart,l V
Quit Claim Deed
related
—
Jun 20, 1994
$90,000
Indart,jean
Great Western Ba
Trustees Deed
$72,000 · Great Western Bank
Apr 22, 1993
$233,306
Great Western Bank
Morcos,samir Z &
Trustees Deed
related
—
May 6, 1992
$56,000
Scot J Williamson
Morcos,samir Z
Grant Deed
$303,389 · Seller
Jan 22, 1990
—
Stepan Vartanian
Varta
Quit Claim Deed
related
—
Jan 22, 1990
$37,500
Vartanian Stepan
Morco
Trustees Deed
related
$304,750 · Morcos S Z&t M
—
—
Samir Z Morcos
—
Deed Of Trust
related
$43,750 · Investors Thrift
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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