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Property profile & analytics
OFF-MARKET
Estimated value
$2,340,000
Apartment buildings
519 Altair Pl Venice, CA 90291-4204
Entity Owned
19-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US09-8800464
Property profile
Verified
Property type
Apartment buildings
Use group
APARTMENT HOUSE (5+ UNITS)
Year built
1913
Construction
WOOD
Total area
9,552 SF
Lot
0.35 ac (15,161 SF)
Zoning code
LARD1.5
APN
4238-006-030
UPID
US09-8800464
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
$2.37M
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$2.34M
Owner & transaction history
501 Altair LLC · 19 yrs held
501 Altair LLC
since 2007
7 recorded transactions
Zoning & alternative use
LARD1.5 · Venice, 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 Venice submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Venice 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%
$2,560,000
6.5%
$2,365,000
7%
$2,195,000
Blend value · Realmo final
$2.34M
Range $2.11M – $2.57M · ±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
$245 / 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
$51,167
Tax year 2024
Assessed value
$4,118,716
Assessed 2024
Previous assessed
$4,118,716
+0.0% YoY
Effective rate
1.24%
On assessed value
Assessed land
$3,407,857
Assessed improvement
$710,859
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
1913
Construction
WOOD
Heating
NONE
Cooling
YES
Units
10
Bathrooms
16
Total area
9,552 SF
Lot
0.35 ac (15,161 SF)
Zoning code
LARD1.5
APN
4238-006-030
UPID
US09-8800464
Jurisdiction
LOS ANGELES
Metro division
LOS ANGELES-LONG BEACH-GLENDALE, CA METROPOLITAN DIVISION
Zoning & alternative use
LARD1.5 · Venice, CA
Zoning LARD1.5 · permitted uses
LARD1.5 · Venice, CA
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Venice. Always verify with local authorities before improvements.
Building & site characteristics
From public records
Year built
1913
Construction
WOOD
Heating
NONE
Cooling
Yes
Units
10
Bathrooms
16
Lot
0.35 ac
Current owner
From public records · entity-resolved
501 Altair LLC
Entity
Mailing address
15332 ANTIOCH ST #106, PACIFIC PALISADES, CA 90272-3603
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2007
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
14 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jun 27, 2025
—
501 Altair LLC
—
Deed
related
$3,100,000 · Us Bank Trust Co NA
Feb 28, 2017
—
501 Altair LLC
—
Deed
related
$3,700,000 · First Foundation Bank
Mar 28, 2007
—
501 Altair LLC
PC Rutherford Of Jc Invs Ptshp
Quit Claim Deed
related
—
Oct 25, 2001
—
James Wark
Wark,j
Quit Claim Deed
related
—
May 23, 2001
—
Island Assocs New
Island Assocs
Quit Claim Deed
related
—
—
—
Island Associate
—
Deed Of Trust
related
$400,000 · Krm Financial
—
—
Island Associates
—
Deed Of Trust
related
$737,500 · Individual
—
—
501 Altair LLC
—
Deed Of Trust
related
$1,650,000 · Greystone Servicing Corp
—
—
Island Associate
—
Deed Of Trust
related
$150,000 · Ocean Assoc
—
—
Island Associates
—
Deed Of Trust
related
$265,000 · Individual
—
—
Island Associate
—
Deed Of Trust
related
$940,000 · Krm Financial
—
—
Island Associates
—
Deed Of Trust
related
$187,500 · Individual
—
—
Island Associates
—
Deed Of Trust
related
$665,000 · Highland Federal Bank
Apr 5, 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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