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Property profile & analytics
OFF-MARKET
Estimated value
$11,335,000
High-rise multifamily apartments
511 Serrano Ave Los Angeles, CA 90020-3943
Entity Owned
4-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US09-7254010
Property profile
Verified
Property type
High-rise multifamily apartments
Use group
HIGH-RISE APARTMENTS
Year built
1930
Construction
CONCRETE
Total area
42,528 SF
Lot
0.21 ac (9,009 SF)
Zoning code
LAR4
APN
5503-020-012
UPID
US09-7254010
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
-
Serrano Tower Apartment Building Apartments
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$8.78M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$12.51M
Blend (final)
Blend
$11.34M
Owner & transaction history
Tower Of Serrano LLC · 4 yrs held
Tower Of Serrano LLC
since 2022
Last sale
$12.6M
7 recorded transactions
Zoning & alternative use
LAR4 · Los Angeles, CA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Neighborhood: shopping center
$18.0M
+97.7%
Retail stores
$17.5M
+91.7%
Commercial (general)
$12.7M
+39.9%
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
$10,180,000
ML approach
$8,780,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
APARTMENT HOUSE (5+ UNITS)
$9,110,000
Current use
NEIGHBORHOOD: SHOPPING CENTER
$18,010,000
Change: +98% · Conversion: Difficult
RETAIL STORES
$17,460,000
Change: +92% · Conversion: Difficult
COMMERCIAL (GENERAL)
$12,740,000
Change: +40% · Conversion: Moderate
Blend value · Realmo final
$11.34M
Range $10.20M – $12.47M · ±10% · vs last sale $12.60M (Mar 4 2022)
Last sale anchor
$12.60M
Mar 4 2022
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
$267 / 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
$162,059
Tax year 2024
Assessed value
$13,144,643
Assessed 2024
Previous assessed
$13,144,643
+0.0% YoY
Effective rate
1.23%
On assessed value
Assessed land
$1,310,904
Assessed improvement
$11,833,739
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
High-rise multifamily apartments
Use group
HIGH-RISE APARTMENTS
Status
Off-Market
Year built
1930
Construction
CONCRETE
Heating
NONE
Units
58
Total area
42,528 SF
Lot
0.21 ac (9,009 SF)
Zoning code
LAR4
APN
5503-020-012
UPID
US09-7254010
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.
Alternative use value scenarios
Repositioning upside vs current use
APARTMENT HOUSE (5+ UNITS) Current
Est. value
$9.1M
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$18.0M
RETAIL STORES
Est. value
$17.5M
COMMERCIAL (GENERAL)
Est. value
$12.7M
APARTMENT HOUSE (5+ UNITS) Current
NEIGHBORHOOD: SHOPPING CENTER
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
1930
Construction
CONCRETE
Heating
NONE
Units
58
Lot
0.21 ac
Current owner
From public records · entity-resolved
Tower Of Serrano LLC
Entity
Mailing address
5670 WILSHIRE BLVD STE #1036, LOS ANGELES, CA 90036-5792
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2022
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
12 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Mar 4, 2022
$12,600,000
Tower Of Serrano LLC
511 S Serrano Avenue LLC
Grant Deed
$8,800,000 · Jpmorgan Chase Bank NA
Jan 6, 2003
—
511 S Serrano Avenue LLC
—
Deed Of Trust
related
$40,782,500 · Wells Fargo Bank
Jan 7, 2000
$2,804,000
511 S Serrano Ave LLC
Toews,ronald E & Elizabeth A
Grant Deed
—
Jan 19, 1995
$1,100,000
Toews,ronald E & Elizabeth A
Epsilon Prop,
Trustees Deed
—
Jan 11, 1994
$1,728,000
Epsilon Properties INC
Brooks,harry L &
Trustees Deed
—
Mar 8, 1991
$5,000
Serrano Xxiv L P Gans
Unknown
Grant Deed
—
Aug 31, 1989
$857,000
Peter M Gans
Brooks Fmly Tr
Grant Deed
related
—
—
—
Ronald E Toews
—
Deed Of Trust
related
$770,000 · Home Savings Of America
—
—
511 S Serrano Avenue LLC
—
Deed Of Trust
related
$5,811,000 · Walker & Dunlop
—
—
Brooks Fmly Tr
—
Deed Of Trust
related
$1,798,000 · Gibraltar Savings Bank Fsb
—
—
511 S Serrano Avenue LLC
—
Deed Of Trust
related
$4,409,299 · Bank Of America NA Bank Of America NA
—
—
Gans Serrano Xxi
—
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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