Back to Search
Property profile & analytics
FOR SALE
Apartment buildings
509 N 3Rd St Montebello, CA 90640
Entity Owned
2-yr Hold
Absentee Owner
Free & Clear
Property ID
US09-6703421
For Sale
1 / 6
$2,195,000
509 N 3Rd St, Montebello, CA 90640
View Listing →
Property profile
Verified
Property type
Apartment buildings
Use group
APARTMENT HOUSE (5+ UNITS)
Year built
1956
Total area
7,730 SF
Lot
0.95 ac (41,175 SF)
Zoning code
MNC2-R3*
APN
5269-013-037
UPID
US09-6703421
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
$2.19M
CAP Approach
CAP
$1.92M
Comparable Approach
Comparable
$2.52M
Blend (final)
Blend
$2.20M
Owner & transaction history
Western Health Holdings LLC · 2 yrs held
Western Health Holdings LLC
since 2023
Last sale
$2.3M
3 recorded transactions
Zoning & alternative use
MNC2-R3* · Montebello, CA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Auto repair, garage
$3.6M
+92.8%
Medical building
$3.5M
+89.5%
Warehouse, storage
$2.3M
+22.5%
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 Montebello submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Montebello 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
$1,945,000
ML approach
$2,190,000
CAP Approach
CAP Return
Estimation
6%
$2,075,000
6.5%
$1,915,000
7%
$1,775,000
Alternative Use
Use
Estimation
APARTMENT HOUSE (5+ UNITS)
$1,855,000
Current use
AUTO REPAIR, GARAGE
$3,575,000
Change: +93% · Conversion: Difficult
MEDICAL BUILDING
$3,515,000
Change: +89% · Conversion: Moderate
WAREHOUSE, STORAGE
$2,270,000
Change: +22% · Conversion: Difficult
RETAIL STORES
$2,225,000
Change: +20% · Conversion: Difficult
COMMERCIAL (GENERAL)
$2,100,000
Change: +13% · Conversion: Moderate
Blend value · Realmo final
$2.20M
Range $1.98M – $2.41M · ±10% · vs last sale $2.30M (Sep 14 2023)
Last sale anchor
$2.30M
Sep 14 2023
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
$284 / 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
$34,155
Tax year 2024
Assessed value
$2,300,000
Assessed 2024
Previous assessed
$2,300,000
+0.0% YoY
Effective rate
1.49%
On assessed value
Assessed land
$1,750,000
Assessed improvement
$550,000
Applied tax rate
6.0000
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
For Sale
Year built
1956
Heating
NONE
Cooling
YES
Buildings
2
Units
11
Bathrooms
3
Total area
7,730 SF
Lot
0.95 ac (41,175 SF)
Zoning code
MNC2-R3*
APN
5269-013-037
UPID
US09-6703421
Jurisdiction
LOS ANGELES
Metro division
LOS ANGELES-LONG BEACH-GLENDALE, CA METROPOLITAN DIVISION
Zoning & alternative use
MNC2-R3* · Montebello, CA
Zoning MNC2-R3* · permitted uses
MNC2-R3* · Montebello, CA
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Montebello. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
APARTMENT HOUSE (5+ UNITS) Current
Est. value
$1.9M
AUTO REPAIR, GARAGE
Est. value
$3.6M
MEDICAL BUILDING
Est. value
$3.5M
WAREHOUSE, STORAGE
Est. value
$2.3M
RETAIL STORES
Est. value
$2.2M
COMMERCIAL (GENERAL)
Est. value
$2.1M
APARTMENT HOUSE (5+ UNITS) Current
AUTO REPAIR, GARAGE
MEDICAL BUILDING
WAREHOUSE, STORAGE
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
1956
Heating
NONE
Cooling
Yes
Buildings
2
Units
11
Bathrooms
3
Lot
0.95 ac
Current owner
From public records · entity-resolved
Western Health Holdings LLC
Entity
Free & Clear · 2 yrs held
Mailing address
1 ADVENTIST HEALTH WAY, ROSEVILLE, CA 95661-3266
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2023
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
3 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Sep 14, 2023
$2,300,000
Western Health Holdings LLC
Montebello Community Health Service
Grant Deed
—
Jul 28, 2003
—
Montebello Community Health Sv
Gerolomo,f Est
Grant Deed
related
—
Jul 11, 2003
—
Frumento,tr
Frumento,anthony J
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.
Try Rey
Ask anything about this address in plain English.
“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
Full reports are paid
Unlock the full Property Analytics report
Start free for 7 days — no card required. Full owner contacts, all 4 valuations with methodology, refine flow, comparable adjustments, foot-traffic deep dive, export to PDF / CSV.
